现在可能是购买比特币的最佳时机（BTC 0.26％）

对于许多投资者来说，这似乎是投资比特币的最糟糕的时间（BTC 0.26％）。毕竟，比特币现在比一月份的109,000美元的历史最高点下降了近25％。

For many investors, this might seem like the worst possible time to invest in Bitcoin (BTC 0.26%). After all, Bitcoin is now down nearly 25% from an all-time high of $109,000 in January. And tariff uncertainty and market volatility will continue to weigh heavily on the crypto market for the foreseeable future.

对于许多投资者来说，这似乎是投资比特币的最糟糕的时间（BTC 0.26％）。毕竟，比特币现在比一月份的109,000美元的历史最高点下降了近25％。在可预见的将来，关税不确定性和市场波动将继续在加密货币市场上重大压力。

But all is not lost. In fact, if history is any guide, now might be the best possible time to add to your Bitcoin position.

但是一切都没有丢失。实际上，如果历史记录是任何指南，现在可能是添加比特币位置的最佳时间。

Here's why.

这就是原因。

Bitcoin as a store of value

比特币作为价值存储

It's not an understatement to say that, since President Donald Trump announced Liberation Day on April 2, the global financial markets have turned upside down. Even President Trump admits that investors are getting a little "yippy."

说，自从唐纳德·特朗普总统于4月2日宣布解放日以来，全球金融市场已经颠倒了。甚至特朗普总统也承认投资者有些“ Yippy”。

Iconic American tech stocks have lost trillions of dollars in market value. The U.S. dollar is now trading at its lowest level in three years. The threat of a global trade war involving China has analysts frantically revising their forecasts for every single stock in the S&P 500.

标志性的美国科技股损失了数万亿美元的市场价值。美元现在在三年内达到其最低水平的交易。涉及中国的全球贸易战争的威胁使分析师疯狂地修改了他们对标准普尔500指数中每一种股票的预测。

Image source: Getty Images.

图像来源：盖蒂图像。

Amid all this market chaos, Bitcoin could become a safe haven asset and a store of value. That is the scenario that Bitcoin enthusiasts have been talking about for more than a decade now. As they see it, Bitcoin will begin to see record inflows if nations around the world decide to follow through on their "Sell America" promises.

在所有这些市场混乱中，比特币可能成为避风港的资产和价值存储。这就是比特币爱好者一直在谈论十多年来的情况。正如他们所看到的，如果世界各地的国家决定遵循其“卖出美国”承诺，比特币将开始看到记录流入。

If money is no longer flowing into U.S. government debt or dollar-denominated assets (such as U.S. stocks), where is all that money going to go? The obvious, no-brainer answer is gold. And that's where things get interesting, because Bitcoin is often described as "digital gold," due to its inherent scarcity and disinflationary properties. So, while the lion's share of the money might flow into physical gold, another portion could flow into "digital gold."

如果钱不再流向美国政府债务或以美元计价的资产（例如美国股票），那么这一切将要去哪里？显而易见的，不费吹灰之力的答案是黄金。这就是事物变得有趣的地方，因为比特币通常被描述为“数字黄金”，因为它固有的稀缺性和消除性能。因此，尽管狮子的份额可能会流向实物黄金，但另一部分可能流入“数字黄金”。

That's why I'm keeping a close eye on investor inflows into the spot Bitcoin ETFs. These numbers are reported on a regular basis, and it's one of the best ways to tell if the "Bitcoin as a store of value" argument is resonating with investors. If record-high Bitcoin ETF outflows in Q1 suddenly become record Bitcoin ETF inflows in Q2, then you'll know that investors are beginning to view Bitcoin the same way they view gold.

这就是为什么我密切关注投资者流入现货比特币ETF的原因。这些数字是定期报告的，这是判断“比特币作为价值存储”论点是否引起投资者共鸣的最佳方法之一。如果第1季度的创纪录的比特币ETF流出突然成为Q2中创纪录的比特币ETF流入，那么您将会知道投资者开始像看黄金一样观看比特币。

Bitcoin's historical track record

比特币的历史记录

Even though Bitcoin is significantly off its January highs, it still trades at a price of $83,500 and is only down 10% for the year. Keep in mind: Bitcoin was trading for just $70,000 on Election Day. So, over the past six months, Bitcoin is up nearly 20%. That's not quite the massive "Trump Rally" everyone expected, but it's still a nice bump.

即使比特币显着偏离了1月的高点，但它仍然以83,500美元的价格交易，当年只下降了10％。请记住：选举日比特币的交易仅为70,000美元。因此，在过去的六个月中，比特币上涨了近20％。这并不是每个人都期望的巨大“特朗普集会”，但这仍然是一个不错的颠簸。

But I get it -- Bitcoin's recent performance over the past few months has been disappointing, and at times, heartbreaking. Bitcoin started the year with so much promise and so much fanfare, and now it looks like it might become collateral damage in a global trade war.

但是我明白了 - 比特币在过去几个月中最近的表现令人失望，有时令人心碎。比特币以如此多的希望和如此大的大张旗鼓开始，现在看来它可能会成为全球贸易战的附带损害。

If it's any solace, a 25% downturn in the price of Bitcoin is nothing new. Bitcoin is famous for its volatility. It's capable of massive spikes on the way up, as well as massive spikes on the way down. Over its 15-year history, it has actually experienced five distinct periods when it has lost 75% or more of its value.

如果有任何慰藉，比特币的价格下降了25％，这并不是什么新鲜事物。比特币以波动而闻名。它在上升的途中有大量的尖峰，并在下降的路上进行了巨大的尖峰。在其15年的历史中，它实际上经历了五个不同的时期，当时它损失了75％或更多的价值。

But you know what? Each time, it has bounced back, better than before. After Bitcoin collapsed in value by 65% in 2022, it responded with triple-digit returns in 2023 and 2024. In fact, in both years, it was the best-performing asset in the world, and it wasn't even close.

但是你知道吗？每次，它都会反弹，比以前更好。在比特币在2022年的价值下降了65％之后，它在2023年和2024年以三位数的回报做出了反应。实际上，这两年来，它是世界上表现最佳的资产，而且甚至还没有收到。

Should you buy Bitcoin?

你应该买比特币吗？

Historical performance, of course, is no guarantee of future performance. But it does suggest that Bitcoin is far more resilient than many people assume. As long as you take a long-term perspective, Bitcoin could be one of the best investments you ever make.

当然，历史表现并不能保证未来的表现。但这确实表明比特币比许多人想象的要弹性要弹性要高得多。只要您有长期的观点，比特币可能是您做出的最好的投资之一。

Throughout April, market analysts on CNBC have been commenting on how retail investors have been willing to "buy the dip." Maybe we're all simply in denial. But it seems almost impossible that the "Magnificent Seven" stocks have been crushed the way they have, and that Bitcoin was at one time perilously close to dropping below $70,000.

在整个4月，有关CNBC的市场分析师一直在评论零售投资者如何愿意“购买蘸酱”。也许我们都只是否认。但是，“宏伟的七个”股票几乎不可能像他们的方式一样被压碎了，而且比特币一次危险地跌至70,000美元以下。

However, if there's one asset that was purpose-built for a volatile world, it's Bitcoin. It was created in response to the global financial crisis of 2008. As a result, I'm going to do what Bitcoin investors have been doing for more than a decade.

但是，如果有一个对于动荡的世界是专门建造的，那就是比特币。它是为了应对2008年全球金融危机而创建的。因此，我将做比特币投资者在十多年来一直在做的事情。

Yes, I'm

是的，我