比特币的起源：一条引发革命的推文

2009 年 1 月 10 日，一条推文悄然创造了历史，这条推文后来被认为是数字金融革命的基石。

On January 10, 2009, an understated yet pivotal event occurred in the digital financial realm. A tweet, later recognized as a cornerstone in the history of Bitcoin, was posted by Hal Finney, an early Bitcoin adopter and renowned computer scientist. The tweet simply stated, “Running Bitcoin.” At the time, Bitcoin had no monetary value, but this moment marked the beginning of a global financial transformation.

2009年1月10日，数字金融领域发生了一件低调但关键的事件。早期比特币采用者、著名计算机科学家 Hal Finney 发布了一条推文，后来被认为是比特币历史的基石。该推文只是简单地说：“运行比特币。”当时，比特币没有货币价值，但这一刻标志着全球金融转型的开始。

Finney's tweet was highlighted by Bitcoin historian Pete Rizzo, who shared its significance on X, a social media platform dedicated to covering noteworthy events. “The 1st Bitcoin tweet, posted when the price was $0, exactly 16 years ago,” Rizzo noted in his post. Two days later, on January 12, 2009, Finney would again make history by receiving the first-ever Bitcoin transaction from the pseudonymous creator of Bitcoin, Satoshi Nakamoto.

比特币历史学家 Pete Rizzo 强调了芬尼的推文，他在 X 上分享了这条推文的重要性，X 是一个致力于报道值得注意事件的社交媒体平台。 “第一条比特币推文是在 16 年前，价格为 0 美元时发布的，”Rizzo 在他的帖子中指出。两天后，即 2009 年 1 月 12 日，芬尼再次创造历史，收到了来自比特币匿名创始人中本聪 (Satoshi Nakamoto) 的第一笔比特币交易。

As we fast forward sixteen years, Bitcoin's journey from being a novel concept to becoming a globally recognized financial asset is nothing short of extraordinary. From its humble beginnings as an experiment in digital money, Bitcoin has soared to an all-time high of $108,268 on December 17, 2024, capturing the imagination of millions worldwide.

十六年过去了，比特币从一个新颖的概念到成为全球公认的金融资产，其历程堪称非凡。从最初作为数字货币实验的卑微开始，比特币已于 2024 年 12 月 17 日飙升至 108,268 美元的历史新高，激发了全球数百万人的想象力。

Hal Finney's Vision: Bitcoin at $10 Million

哈尔芬尼的愿景：比特币价值 1000 万美元

Being one of the earliest and most visionary proponents of Bitcoin, Finney foresaw the cryptocurrency's vast potential. In a forum post that would go on to become legendary, he predicted that if Bitcoin were to become the world's dominant payment system, its value “should be equal to the total value of all the wealth in the world.” By this logic, he estimated a staggering $10 million valuation for Bitcoin — an idea that continues to be debated among enthusiasts and skeptics alike.

作为比特币最早、最有远见的支持者之一，芬尼预见到了这种加密货币的巨大潜力。在一篇后来成为传奇的论坛帖子中，他预测，如果比特币要成为世界上占主导地位的支付系统，它的价值“应该等于世界上所有财富的总价值”。按照这种逻辑，他估计比特币的估值高达 1000 万美元——这个想法在狂热者和怀疑者中仍在争论。

Bitcoin's Current Trends: Indicators and Analysis

比特币当前趋势：指标与分析

At present, Bitcoin is trading at $94,507, showing a slight 0.83% decrease over the past 24 hours. However, its resilience amid market fluctuations remains a key area of interest for investors. Certain indicators, such as the Short-Term Holder (STH) cost-basis model, provide valuable insights into Bitcoin's trajectory.

目前，比特币交易价格为94,507美元，过去24小时小幅下跌0.83%。然而，其在市场波动中的韧性仍然是投资者感兴趣的关键领域。某些指标，例如短期持有者（STH）成本基础模型，可以为比特币的轨迹提供有价值的见解。

According to Glassnode, the price of Bitcoin is currently 7% above the STH cost basis, which stands at $88,135. Over the years, this model has been used to identify market lows and distinguish bull cycles from bear trends. A drop below this level could indicate a shift in sentiment among new investors, potentially marking a turning point for the market.

根据 Glassnode 的数据，比特币的价格目前比 STH 成本基础高出 7%，即 88,135 美元。多年来，该模型一直被用来识别市场低点并区分牛市周期和熊市趋势。跌破这一水平可能表明新投资者的情绪发生转变，这可能标志着市场的转折点。

New Investors Fuel Bitcoin Liquidity

新投资者推动比特币流动性

One interesting observation is the percentage of Bitcoin wealth held by new investors — coins less than three months old — which has reached 49.6% of network liquidity. This shift suggests that older holders have been distributing their coins throughout the rally, while strong demand from new participants has countered any sell-side pressure.

一个有趣的观察是新投资者持有的比特币财富（不到三个月的硬币）所占的百分比已达到网络流动性的 49.6%。这种转变表明，老持有者在整个上涨过程中一直在分配他们的代币，而新参与者的强劲需求抵消了卖方的压力。

Looking to the Future: The Legacy of Hal Finney

展望未来：哈尔·芬尼的遗产

Hal Finney's contributions to Bitcoin are woven into its very fabric, from the first Bitcoin transaction to his groundbreaking vision of a $10 million valuation. As Bitcoin approaches $100,000 and beyond, his legacy continues to inspire, with his predictions serving as a beacon for those who envision cryptocurrency as a pillar of the future global economy.

从第一笔比特币交易到他对 1000 万美元估值的开创性愿景，哈尔·芬尼 (Hal Finney) 对比特币的贡献融入了比特币的结构之中。随着比特币接近 10 万美元甚至更高，他的遗产继续鼓舞人心，他的预测为那些将加密货币视为未来全球经济支柱的人树立了灯塔。