比特币迈向 10 万美元的动荡之旅：复苏与繁荣

最近，比特币达到了一个历史性的里程碑，于2024年12月5日飙升至103,577美元的历史新高。这标志着数字资产的胜利时刻

Bitcoin's Historic Ascent: From the Brink to $100K and Beyond

比特币的历史性上涨：从边缘到 10 万美元及以上

Bitcoin recently achieved a historic milestone, soaring to an all-time high of $103,577 on December 5, 2024. This marked a triumphant moment for the digital asset after enduring a prolonged struggle against global inflation, stringent regulations, and vocal detractors over the past few years.

比特币最近实现了一个历史性的里程碑，于 2024 年 12 月 5 日飙升至 103,577 美元的历史新高。这标志着数字资产在经历了过去几年与全球通胀、严格监管和公开批评者的长期斗争后的胜利时刻。年。

Today, Bitcoin's growing popularity has solidified its position as one of the most valuable assets in the world, with its market capitalisation ($1.95 Trillion) almost equalling the GDP of major economies like Canada and Brazil. However, this remarkable ascent did not come without its share of hurdles. The road to $100,000 has been riddled with challenges, controversies, and relentless speculation about Bitcoin’s future. In this article, I’ll explore the tumultuous journey of Bitcoin that led to this achievement and analyse whether its current momentum is sustainable.

如今，比特币的日益普及巩固了其作为世界上最有价值资产之一的地位，其市值（1.95 万亿美元）几乎相当于加拿大和巴西等主要经济体的 GDP。然而，这种显着的上升并非没有障碍。通向 10 万美元的道路充满了挑战、争议和对比特币未来的无情猜测。在本文中，我将探讨比特币取得这一成就的动荡历程，并分析其当前的势头是否可持续。

The Collapse: When Bitcoin Tumbled

崩溃：当比特币暴跌时

At the start of 2022, Bitcoin was in dire straits, languishing below the $20,000 mark—a value not seen in years. The situation worsened in May 2022 when the Terra-Luna crisis wiped out $40-60 billion from the crypto market. Terra, an algorithmic stablecoin, lost its peg to the US dollar, resulting in a catastrophic collapse. Investor confidence plummeted, prompting large-scale withdrawals from exchanges, and liquidity dried up.

2022 年初，比特币陷入了困境，跌破了 20,000 美元大关——这是多年来从未见过的价格。 2022 年 5 月，情况进一步恶化，Terra-Luna 危机导致加密货币市场损失 40-600 亿美元。 Terra 是一种算法稳定币，失去了与美元的挂钩，导致了灾难性的崩溃。投资者信心暴跌，导致交易所大规模撤资，流动性枯竭。

Even in India, the 2022 Union Budget's announcement of a 30% flat tax on crypto withdrawals caused trading volumes at prominent exchanges like CoinSwitch and CoinDCX to plummet by over 90%.

即使在印度，2022 年联邦预算宣布对加密货币提款征收 30% 的统一税，也导致 CoinSwitch 和 CoinDCX 等知名交易所的交易量骤降 90% 以上。

In November of the same year, the crypto world was dealt another blow when FTX, a leading cryptocurrency exchange in the US, declared bankruptcy. Its founder, Sam Bankman-Fried, was implicated in financial misconduct involving customer funds. He remains in jail pending further trial. This scandal further tarnished crypto's reputation, prompting governments to crack down on cryptocurrencies and instead shift focus to blockchain-based Central Bank Digital Currencies (CBDCs). Even in India, to counter the threat of crypto and promote the idea of digital currencies, the government launched its CBDC pilot in December 2022 but the tech didn't reach the final stages facing stiff competition from existing tech like UPI.

同年11月，美国领先的加密货币交易所FTX宣布破产，加密世界再次遭受打击。其创始人山姆·班克曼·弗里德 (Sam Bankman-Fried) 涉嫌涉及客户资金的金融不当行为。他仍被关押在监狱中，等待进一步审判。这一丑闻进一步损害了加密货币的声誉，促使各国政府打击加密货币，转而将重点转向基于区块链的中央银行数字货币（CBDC）。即使在印度，为了应对加密货币的威胁并推广数字货币的理念，政府于 2022 年 12 月推出了 CBDC 试点，但由于面临 UPI 等现有技术的激烈竞争，该技术并未进入最后阶段。

By the end of 2022, Bitcoin’s market cap had fallen by nearly 80% compared to 2021. For many, it seemed like the era of Bitcoin dominance was over.

到 2022 年底，比特币的市值与 2021 年相比下降了近 80%。对于许多人来说，比特币占据主导地位的时代似乎已经结束。

The Resurgence: A Turning Point for Bitcoin

复兴：比特币的转折点

Despite the bleak outlook in 2022, the Bitcoin ecosystem began to show signs of recovery by mid-2023. One pivotal development was the introduction of Bitcoin Ordinals, enabling the creation of NFTs (Non-Fungible Tokens) on the Bitcoin blockchain. Although initially controversial, this innovation opened up new possibilities for the network.

尽管 2022 年前景黯淡，但比特币生态系统到 2023 年中期开始出现复苏迹象。一项关键的发展是比特币序数的引入，使得能够在比特币区块链上创建 NFT（不可替代代币）。尽管最初存在争议，但这项创新为网络开辟了新的可能性。

Bitcoin’s value steadily climbed past the $20,000 mark in early 2023, buoyed by favourable macroeconomic conditions, slowing Federal Reserve interest rate hikes, and growing institutional interest. By October 2023, Bitcoin had surged to $30,000, signalling a sustained revival.

受有利的宏观经济条件、美联储加息放缓以及机构兴趣不断增长的推动，比特币的价值在 2023 年初稳步攀升至 20,000 美元大关。到 2023 年 10 月，比特币已飙升至 30,000 美元，标志着持续复苏。

Several Factors Contributed to This Resurgence:

有几个因素促成了这种复苏：

- Global Adoption: Luxury brands like Ferrari, Gucci, and Philipp Plein began accepting Bitcoin payments, expanding its utility.

- 全球采用：法拉利、Gucci 和 Philipp Plein 等奢侈品牌开始接受比特币支付，扩大了其效用。

- Retail Support: Companies like Home Depot, Microsoft, and Australia’s RelayPay embraced Bitcoin for transactions.

- 零售支持：家得宝、微软和澳大利亚的 RelayPay 等公司都采用比特币进行交易。

- Regulatory Progress: The European Union introduced a regulatory framework for cryptocurrencies, offering legitimacy to the market.

- 监管进展：欧盟推出了加密货币监管框架，为市场提供了合法性。

- Institutional Interest: Financial giants such as Blackrock and Fidelity filed for spot Bitcoin ETFs, allowing everyday investors to access Bitcoin without navigating crypto exchanges. This move infused $1.9 billion into newly launched ETFs and further legitimised Bitcoin.

- 机构利益：贝莱德（Blackrock）和富达（Fidelity）等金融巨头申请了现货比特币 ETF，允许普通投资者无需浏览加密货币交易所即可获取比特币。此举为新推出的 ETF 注入了 19 亿美元，并进一步使比特币合法化。

By the end of 2023, Bitcoin had crossed $40,000, rekindling optimism among crypto enthusiasts and holders.

到 2023 年底，比特币已突破 40,000 美元，重新点燃了加密货币爱好者和持有者的乐观情绪。

December 2024: The Bitcoin Boom

2024 年 12 月：比特币繁荣

Bitcoin’s meteoric rise to $103,577 in December 2024 represents its magnificent recovery and its ability to sustain against testing macroeconomic conditions. A significant catalyst for this surge has been the influence of President-elect Donald Trump.

比特币在 2024 年 12 月迅速上涨至 103,577 美元，代表着其巨大的复苏及其承受宏观经济条件考验的能力。当选总统唐纳德·特朗普的影响力是这一激增的重要催化剂。

During his campaign in 2024, Trump positioned himself as the “crypto president,” vowing to transform the United States into the “crypto capital of the planet.” His administration has already begun shaping a favourable crypto landscape by nominating crypto advocate Paul Atkins as chair of the Securities and Exchange Commission (SEC).

在 2024 年竞选期间，特朗普将自己定位为“加密货币总统”，誓言要将美国转变为“地球的加密货币之都”。他的政府已经开始通过提名加密货币倡导者保罗·阿特金斯（Paul Atkins）担任美国证券交易委员会（SEC）主席来塑造有利的加密货币格局。

In addition, Trump hinted at policies that include tax incentives for crypto investors and a strategic Bitcoin stockpile for the U.S. These moves have instilled confidence among

此外，特朗普还暗示了一些政策，包括对加密货币投资者的税收激励以及美国的战略性比特币储备。这些举措给人们注入了信心。