在机构采用和技术创新的推动下，比特币在 FUD 引发的怀疑情绪中持续存在

随着比特币进入牛市，由恐惧、不确定性和疑虑（通常称为 FUD）引发的怀疑往往会重新浮现。批评者持续表达担忧

As Bitcoin experiences bull markets, skepticism fueled by fear, uncertainty, and doubt (FUD) tends to resurface. Critics persistently voice concerns regarding Bitcoin's volatility, sustainability, and potential use in illicit activities. Despite being integrated into mainstream financial systems and gaining acceptance from institutional investors and politicians, criticism of Bitcoin remains, often focusing on its intrinsic value, energy consumption, and societal benefits.

随着比特币经历牛市，由恐惧、不确定性和怀疑（FUD）引发的怀疑往往会重新浮现。批评者持续对比特币的波动性、可持续性和非法活动的潜在用途表示担忧。尽管比特币已融入主流金融体系并获得机构投资者和政治家的认可，但对比特币的批评仍然存在，通常集中在其内在价值、能源消耗和社会效益上。

One prevalent argument against Bitcoin is its perceived lack of intrinsic value. Notable figures such as the late Charlie Munger and Warren Buffett have famously criticized Bitcoin, describing it as fundamentally worthless. They argue that since Bitcoin does not generate earnings or dividends, it lacks intrinsic value. Yet, Bitcoin’s scarcity and its characterization as “digital gold” continue to support its role as a valuable asset.

反对比特币的一个普遍论点是它被认为缺乏内在价值。已故的查理·芒格和沃伦·巴菲特等著名人物都曾批评比特币，称其从根本上毫无价值。他们认为，由于比特币不产生收益或股息，因此它缺乏内在价值。然而，比特币的稀缺性及其“数字黄金”的特性继续支持其作为有价值资产的作用。

Some detractors liken Bitcoin to historical financial bubbles, comparing it to phenomena like the dot-com crash or the Dutch tulip mania. However, proponents argue that Bitcoin, unlike those bubbles, provides a robust digital store of value. Though initially critical, industry voices like JPMorgan’s Jamie Dimon have softened their stances over time. The bank has even shown interest in Bitcoin-related investments, such as spot Bitcoin ETFs and its own digital currency initiatives.

一些批评者将比特币比作历史上的金融泡沫，将其与互联网泡沫破裂或荷兰郁金香狂热等现象进行比较。然而，支持者认为，与那些泡沫不同，比特币提供了强大的数字价值存储。尽管最初持批评态度，但随着时间的推移，摩根大通的杰米·戴蒙(Jamie Dimon)等行业人士的立场已经软化。该银行甚至对比特币相关投资表现出了兴趣，例如现货比特币 ETF 及其自己的数字货币计划。

Bitcoin’s role in illegal activities often draws ire, particularly from figures like US Senator Elizabeth Warren, who has labeled it as a potential tool for money laundering. Nonetheless, Bitcoin transactions are recorded on a transparent blockchain, making illicit activities easier to track than those conducted with cash. Tools designed to obscure Bitcoin transactions have emerged, but the transparency of blockchain technology continues to be a double-edged sword for illegal use.

比特币在非法活动中的作用经常引起愤怒，尤其是美国参议员伊丽莎白·沃伦(Elizabeth Warren)等人士的愤怒，她将比特币标记为潜在的洗钱工具。尽管如此，比特币交易记录在透明的区块链上，使得非法活动比用现金进行的活动更容易追踪。旨在掩盖比特币交易的工具已经出现，但区块链技术的透明度仍然是非法使用的双刃剑。

The significant energy consumption of Bitcoin, attributed to its proof-of-work mechanism, is another point of criticism. As Bitcoin mining has grown, so has its energy footprint, which in some comparisons surpasses the electricity consumption of entire nations like Egypt. Nevertheless, the sector is increasingly turning to renewable energy sources, driven by the search for cheaper, sustainable alternatives.

比特币由于其工作量证明机制而消耗大量能源，这是另一个批评点。随着比特币挖矿的增长，其能源足迹也在增长，在某些比较中，它超过了埃及等整个国家的电力消耗。尽管如此，在寻找更便宜、可持续的替代能源的推动下，该行业越来越多地转向可再生能源。

Technological advancements in quantum computing occasionally spur fears about potential threats to Bitcoin’s security. Some assert that breakthroughs in quantum computing could allow decryption of Bitcoin's security, but experts maintain that such advancements would target broader financial systems well before reaching Bitcoin. Adjustments to the Bitcoin protocol could also mitigate potential threats.

量子计算的技术进步有时会引发人们对比特币安全潜在威胁的担忧。一些人断言，量子计算的突破可以解密比特币的安全性，但专家坚持认为，这种进步将在到达比特币之前就针对更广泛的金融系统。对比特币协议的调整也可以减轻潜在的威胁。

The stability and transparency of Tether, a prominent stablecoin, represent another concern within the Bitcoin sphere. Accusations suggest that Tether has lacked proper backing and transparency, raising fears of market manipulation. While these concerns reverberate through the crypto market, some argue Bitcoin remains resilient, potentially more vulnerable to perceptions of instability than any actual market shifts.

Tether（一种著名的稳定币）的稳定性和透明度代表了比特币领域的另一个问题。指控表明 Tether 缺乏适当的支持和透明度，引发了人们对市场操纵的担忧。尽管这些担忧在加密货币市场中引起反响，但一些人认为比特币仍然具有弹性，可能比任何实际的市场变化更容易受到不稳定观念的影响。

Although skeptics continually challenge Bitcoin's legitimacy, highlighting its perceived flaws, the digital currency perseveres, driven by ongoing institutional adoption, technological innovation, and a shift toward renewable energy in mining practices. As these debates rage on, Bitcoin continues adapting to a dynamic financial landscape while addressing its critics' concerns.

尽管怀疑论者不断挑战比特币的合法性，强调其明显的缺陷，但在持续的机构采用、技术创新以及采矿实践中向可再生能源的转变的推动下，数字货币仍然存在。随着这些争论的激烈进行，比特币继续适应动态的金融格局，同时解决批评者的担忧。