比特币减半标志着新时代，迎来第四次减发

比特币于 2023 年 4 月 23 日进行了第四次减半，将每日新增比特币数量减少了一半，这一机制旨在到 2140 年将总供应量限制在 2100 万枚。尽管发生了减半，但比特币的价格仍然保持稳定，分析师表示该事件已经发生由市场因素决定。投资者希望获得长期收益，因为之前的减半历史上曾导致价格大幅上涨。

Bitcoin Halving Event: Fourth Reduction in Issuance Ushers in New Era

比特币减半事件：第四次减发开启新时代

London, United Kingdom - Bitcoin (BTC), the world's preeminent cryptocurrency, has recently experienced its fourth halving event, a pivotal milestone in its monetary policy. Occurring approximately every four years, halvings are designed to constrict the issuance of new Bitcoin by diminishing the block reward earned by miners by half. This intrinsic mechanism is embedded within Bitcoin's code to limit the total supply to 21 million units by the year 2140.

英国伦敦 - 世界上最杰出的加密货币比特币（BTC）最近经历了第四次减半事件，这是其货币政策的一个关键里程碑。减半大约每四年发生一次，旨在通过将矿工获得的区块奖励减少一半来限制新比特币的发行。这种内在机制嵌入到比特币代码中，到 2140 年将总供应量限制在 2100 万单位。

On April 23, 2023, the most recent halving event transpired, halving the daily issuance of Bitcoin from 900 to a mere 450 coins. This follows prior halving events in 2012, 2016, and 2020. Despite this significant development, Bitcoin's price remained relatively stable at $63,747 (£51,531), as financial analysts speculate that the halving's impact was largely anticipated by the market.

2023 年 4 月 23 日，发生了最近一次减半事件，比特币的每日发行量从 900 个减半至仅 450 个。这是在 2012 年、2016 年和 2020 年发生的减半事件之后发生的。尽管有这一重大发展，比特币的价格仍然相对稳定在 63,747 美元（51,531 英镑），因为金融分析师推测市场很大程度上已经预料到了减半的影响。

Historical evidence suggests that halving events often culminate in substantial price appreciation. For instance, following the May 2020 halving, when Bitcoin traded around $8,600, it skyrocketed to over $56,000 within a year. However, Andrew O'Neill, a cryptocurrency expert at S&P Global, cautions against making definitive price predictions based solely on past halvings. He asserts that the halving is merely one of several factors that influence Bitcoin's price trajectory.

历史证据表明，减半事件往往最终导致价格大幅上涨。例如，2020 年 5 月减半后，比特币交易价格约为 8,600 美元，一年内飙升至 56,000 美元以上。然而，标准普尔全球加密货币专家安德鲁·奥尼尔警告不要仅根据过去的减半做出明确的价格预测。他声称，减半只是影响比特币价格轨迹的几个因素之一。

In March 2023, Bitcoin reached an all-time high of $73,803 (£59,661), marking a 175% surge over the preceding 12 months. The cryptocurrency's legitimacy was further bolstered in January when Exchange-Traded Funds (ETFs) backed by Bitcoin were approved for trading on the US stock exchange.

2023 年 3 月，比特币达到历史新高 73,803 美元（59,661 英镑），较前 12 个月飙升 175%。一月份，当由比特币支持的交易所交易基金（ETF）获准在美国证券交易所交易时，加密货币的合法性得到了进一步增强。

Despite these milestones, the mainstream financial establishment continues to view Bitcoin as an inherently risky investment susceptible to dramatic and unpredictable price fluctuations. Bank of England Governor Andrew Bailey has cautioned that cryptocurrencies lack "intrinsic value" and that investors should be prepared to lose their entire investment. He also emphasized that crypto is "pretty inefficient" and has yet to emerge as a core financial service.

尽管取得了这些里程碑，主流金融机构仍然将比特币视为一种本质上有风险的投资，容易受到剧烈且不可预测的价格波动的影响。英国央行行长安德鲁·贝利警告称，加密货币缺乏“内在价值”，投资者应做好损失全部投资的准备。他还强调，加密货币“效率相当低”，尚未成为核心金融服务。

With over 19.5 million Bitcoin already mined, only 1.5 million remain to be extracted over the next 116 years. The halving mechanism, triggered every 210,000 "blocks," ensures a steady and controlled distribution of new Bitcoin into the market until the maximum supply is attained.

目前已开采出超过 1950 万枚比特币，未来 116 年内只剩下 150 万枚有待开采。每 210,000 个“区块”触发一次减半机制，确保新比特币稳定且受控地分配到市场，直到达到最大供应量。

The halving event has been accompanied by a surge in Bitcoin accumulation by miners, who anticipate that the token's value will appreciate over time, mitigating the impact of the reduced block reward. Additionally, transaction fees on the network have witnessed a significant decline post-halving.

减半事件伴随着矿工积累的比特币激增，他们预计代币的价值将随着时间的推移而升值，从而减轻区块奖励减少的影响。此外，减半后网络上的交易费用也大幅下降。

As Bitcoin's halving cycle continues to unfold, it remains to be seen how these dynamics will shape its future price trajectory. While some investors may harbor optimistic expectations based on historical trends, others remain wary of the inherent volatility associated with cryptocurrency markets.

随着比特币减半周期的继续展开，这些动态将如何塑造其未来的价格轨迹仍有待观察。虽然一些投资者可能根据历史趋势抱有乐观预期，但其他投资者仍然对与加密货币市场相关的固有波动保持警惕。