Bittensor (TAO)：到 2025 年价值可能飙升的“人工智能比特币”

Bittensor 是一种用于创建去中心化机器学习网络的开源协议。

Bitcoin is stealing the limelight in the crypto market right now. And for good reason.

比特币目前正在加密货币市场上抢尽风头。这是有充分理由的。

Bitcoin soared nearly 40% in the aftermath of the U.S. presidential election and is now up a mind-boggling 128% for the year. Moreover, it's within striking distance of the psychologically important $100,000 price level.

美国总统大选后，比特币飙升近 40%，目前今年已上涨 128%，令人难以置信。此外，它距离心理上重要的 100,000 美元价格水平也很近。

But that doesn't mean other cryptocurrencies aren't also soaring in value. The one that's on my radar right now is Bittensor (CRYPTO:TAO), an artificial intelligence (AI) crypto token. It's up 30% over the past 30 days and 137% for the year, so it's running neck and neck with Bitcoin right now. So should it be in your portfolio in 2025?

但这并不意味着其他加密货币的价值也没有飙升。我现在关注的是 Bittensor (CRYPTO:TAO)，一种人工智能 (AI) 加密代币。它在过去 30 天里上涨了 30%，全年上涨了 137%，所以现在它与比特币并驾齐驱。那么 2025 年它应该出现在你的投资组合中吗？

What is Bittensor?

什么是比特张量？

Bittensor is an open source protocol for the creation of decentralized machine learning networks. The Bittensor token -- known as TAO -- is used to buy and sell digital commodities within the Bittensor ecosystem. These digital commodities are all AI-related and include things like computing power, data, and machine learning models.

Bittensor 是一种用于创建去中心化机器学习网络的开源协议。 Bittensor 代币（称为 TAO）用于在 Bittensor 生态系统内买卖数字商品。这些数字商品都与人工智能相关，包括计算能力、数据和机器学习模型等。

There's a lot to unpack here. The easiest way to think about Bittensor is that it's a digital currency used to buy AI products and services. Instead of being priced in dollars, these goods and services are priced in TAO. If you want to buy these goods and services, you need some TAO.

这里有很多东西需要解压。理解 Bittensor 最简单的方式是，它是一种用于购买人工智能产品和服务的数字货币。这些商品和服务不是以美元定价，而是以 TAO 定价。如果你想购买这些商品和服务，你需要一些TAO。

This currency becomes more valuable as the total value of the Bittensor AI ecosystem grows. And that helps to explain why Bittensor has skyrocketed in value over the past 18 months. In March 2023, the value of a TAO token was only $100. Today, it's worth over $650, for a staggering gain of 550%. You can thank the rapid growth of AI for that.

随着 Bittensor AI 生态系统总价值的增长，这种货币变得更有价值。这有助于解释为什么 Bittensor 的价值在过去 18 个月里飙升。 2023 年 3 月，TAO 代币的价值仅为 100 美元。如今，其价值超过 650 美元，涨幅高达 550%。这要归功于人工智能的快速发展。

The convergence of AI and crypto

人工智能与加密货币的融合

Bittensor represents the convergence of AI and crypto. This is a powerful concept and one that Cathie Wood of Ark Invest outlined in her "Big Ideas" report for 2024. As she points out, blockchain technology and artificial intelligence are two of the five most important technologies in the world right now, and any convergence of the two is going to lead to enormous increases in economic value.

Bittensor 代表了人工智能和加密货币的融合。这是一个强大的概念，Ark Invest 的 Cathie Wood 在她的 2024 年“大创意”报告中概述了这一概念。正如她指出的那样，区块链技术和人工智能是目前世界上最重要的五种技术中的两项。两者的融合将导致经济价值的巨大增长。

In fact, Cathie Wood even thinks the technological convergence of AI and blockchain might lead to the types of "tectonic macroeconomic shifts" that occurred during the first and second industrial revolutions. So you can understand why crypto investors are so excited about Bittensor right now. The convergence of AI and crypto could send its value soaring.

事实上，Cathie Wood 甚至认为人工智能和区块链的技术融合可能会导致第一次和第二次工业革命期间发生的“结构性宏观经济转变”。所以你可以理解为什么加密货币投资者现在对 Bittensor 如此兴奋。人工智能和加密货币的融合可能会使其价值飙升。

Bitcoin for AI?

比特币用于人工智能？

Recently, some crypto traders have begun talking about Bittensor as "Bitcoin for AI." This suggests that Bittensor could eventually become the premier digital currency used to power the AI economy.

最近，一些加密货币交易者开始将 Bittensor 称为“人工智能比特币”。这表明 Bittensor 最终可能成为用于推动人工智能经济的首要数字货币。

The idea of creating a digital currency for AI is something that Cathie Wood has also explored. As she pointed out last year, it's not efficient to use dollars to pay for AI-based goods and services. There needs to be a digital currency that AI bots can use and trade. She thinks Bitcoin will be that currency.

Cathie Wood 也探索过为人工智能创建数字货币的想法。正如她去年指出的那样，使用美元支付基于人工智能的商品和服务效率不高。需要有一种人工智能机器人可以使用和交易的数字货币。她认为比特币将成为这种货币。

Admittedly, it's easy to scoff at the notion of Bittensor being "Bitcoin for AI." It sounds like the type of marketing fluff that often comes out of Silicon Valley, where startups are trying to attract the money of venture capitalists. Oh yes, we're "the Netflix for X." Or, we're "the Airbnb for Y."

诚然，人们很容易嘲笑 Bittensor 是“人工智能比特币”的概念。这听起来像是硅谷经常出现的营销废话，那里的初创公司试图吸引风险投资家的资金。哦，是的，我们是“X 领域的 Netflix”。或者，我们是“Y 的 Airbnb”。

But here's the thing -- Bittensor actually does share some characteristics with Bitcoin. Like Bitcoin, it's mined using computing power and electricity. And, just like Bitcoin, Bittensor has a limited lifetime supply of 21 million coins. That introduces inherent scarcity, especially when you consider that many cryptocurrencies have coin supplies measured in the billions or even trillions of coins.

但事情是这样的——Bittensor 实际上确实与比特币有一些共同的特征。与比特币一样，它是使用计算能力和电力来开采的。而且，就像比特币一样，Bittensor 的终身供应量有限，为 2100 万枚。这就带来了固有的稀缺性，尤其是当你考虑到许多加密货币的代币供应量达到数十亿甚至数万亿枚时。

Over time, this scarcity will help push Bittensor's price higher. As the Bittensor ecosystem grows, it will lead to greater demand for TAO tokens. As long as demand outpaces supply, the price should move upward over time.

随着时间的推移，这种稀缺性将有助于推高 Bittensor 的价格。随着 Bittensor 生态系统的发展，将导致对 TAO 代币的更大需求。只要需求超过供应，价格就会随着时间的推移而上涨。

Is Bittensor really the best AI crypto token?

Bittensor 真的是最好的 AI 加密代币吗？

When it comes to investing in AI crypto tokens, investors have choices. If you look at the top 100 cryptocurrencies as ranked by market cap, there are 10 different AI crypto tokens worthy of consideration. So it's not like Bittensor is the only way to play the "convergence of AI and crypto" investment thesis.

在投资人工智能加密代币时，投资者有多种选择。如果您查看按市值排名的前 100 名加密货币，您会发现有 10 种不同的 AI 加密代币值得考虑。因此，Bittensor 并不是发挥“人工智能与加密货币融合”投资论的唯一途径。

Moreover, there's no easy way to invest in Bittensor. Unlike Bitcoin, there's no spot crypto exchange-traded fund (ETF) you can buy and sell. You

此外，投资 Bittensor 并不容易。与比特币不同，没有可以买卖的现货加密货币交易所交易基金（ETF）。你