尽管经历了多个价格下跌的旅程，就像我们目前正在目睹的那样，领先的数字资产一直是投资者的绝佳财富。

在过去的十年中，标准普尔500指数（^GSPC 2.13％）的总回报率为224％。尽管这是可观的收益，但比特币（BTC -0.44％）的表现要好得多。

In the last decade, the S&P 500 (GSPC 2.13%) has produced a total return of 224%. While this is a respectable gain, Bitcoin (BTC -0.44%) has fared much better. Since mid-March 2015, the world’s top cryptocurrency has skyrocketed a jaw-dropping 29,690% (as of March 12).

在过去的十年中，标准普尔500指数（GSPC 2.13％）的总回报率为224％。尽管这是可观的收益，但比特币（BTC -0.44％）的表现要好得多。自2015年3月中旬以来，世界上最高的加密货币飙升了29,690％（截至3月12日）。

Despite a volatile journey that has seen multiple price dips, like the one we are currently witnessing, the leading digital asset has been a fantastic wealth generator for investors. But where will Bitcoin be in 10 years?

尽管经历了多个价格下跌的旅程，就像我们目前正在目睹的那样，领先的数字资产一直是投资者的绝佳财富。但是10年后比特币会在哪里？

Going mainstream

成为主流

Bitcoin has had a long journey to get it to its current position as a $1.6 trillion asset. Numerous different exchanges, as well as financial services providers, have added functionality that allowed more individuals to buy and hold it. It has dealt with many huge drawdowns due to waning investor interest, only to bounce back stronger than ever to reach higher highs.

比特币已经有一段漫长的旅程将其作为1.6万亿美元资产的当前地位。许多不同的交流以及金融服务提供商都增加了功能，使更多的人可以购买和持有。由于投资者的兴趣减弱，它已经处理了许多巨大的下降，只是反弹比以往任何时候都更强大，以达到更高的高点。

Bitcoin has never been hacked. And about every four years, it has successfully undergone a halving, demonstrating that the network is working as planned.

比特币从未被黑客入侵。大约每四年一次，它已经成功进行了一半，这表明该网络正在按计划工作。

In the second half of 2020, we saw corporations like Strategy (formerly known as MicroStrategy) and Block start adding Bitcoin to their balance sheets. Tesla joined in on the action in early 2021. That same year, El Salvador became the first country to adopt Bitcoin as legal tender.

在2020年下半年，我们看到了诸如战略（以前称为MicroStrategy）之类的公司，并且Block开始在其资产负债表中添加比特币。特斯拉（Tesla）于2021年初加入了行动。同年，萨尔瓦多（El Salvador）成为第一个采用比特币作为法定招标的国家。

In January 2024, the Securities and Exchange Commission approved spot Bitcoin ETFs, which was a highly anticipated move. This was a huge step forward that solidified Bitcoin’s position as a legitimate financial asset.

2024年1月，美国证券交易委员会批准了现场比特币ETF，这是备受期待的举动。这是向前迈出的一大步，巩固了比特币作为合法金融资产的地位。

And during last year’s presidential election, it became clear Bitcoin had caught the attention of politicians in Washington. Then-presidential candidate Donald Trump was the keynote speaker at the Bitcoin conference last summer, showcasing how important it was to win over crypto’s supporters.

在去年的总统大选中，很明显，比特币引起了华盛顿政客的注意。当时的总统候选人唐纳德·特朗普（Donald Trump）是去年夏天的比特币会议上的主题演讲者，展示了赢得加密货币的支持者的重要性。

A bright future

光明的未来

Perhaps the biggest argument that the naysayers had was that the U.S. government would eventually ban Bitcoin. It would make it illegal to own, trade, and mine it, effectively pressuring demand from the world’s largest economy. The thinking was that such a move would negatively impact Bitcoin’s price.

反对者的最大论点也许是美国政府最终将禁止比特币。拥有，贸易和挖掘它将有效地施加了世界上最大经济体的需求，这将使它违法。这样的想法是，这样的举动会对比特币的价格产生负面影响。

That important risk factor is beginning to look like less of a worry these days. On March 6, President Donald Trump signed an executive order announcing the creation of a Bitcoin Strategic Reserve. It will be funded with the coins the U.S. already owns from criminal or civil asset forfeiture proceedings. The government can also find budget-neutral ways to acquire more Bitcoin. What’s more, under the terms of the order, no Bitcoin in the reserve will be sold.

如今，这种重要的危险因素开始看起来不太担心。 3月6日，唐纳德·特朗普（Donald Trump）总统签署了一项行政命令，宣布创建比特币战略储备。它将由美国已经从刑事或民事资产没收程序中拥有的硬币提供资金。政府还可以找到预算中立的方法来获取更多比特币。更重要的是，根据订单的条款，将不出售储备金中的比特币。

This move can be viewed as a huge win for the Bitcoin bulls. The world’s largest economy has now made it clear that it wants to own the digital asset, which could set off a race among other countries to do the same, leading to buying pressure.

这一举动可以看作是比特币公牛队的巨大胜利。现在，世界上最大的经济体已经明确表示，它希望拥有数字资产，这可能会使其他国家之间的竞赛进行同样的事情，从而导致购买压力。

This makes it easy to believe that Bitcoin has a bright future, particularly as a more popular store-of-value asset. Its fixed supply of 21 million coins, supporting absolute scarcity, is the most important characteristic that can drive more interest among investors who want to own an asset that can’t be debased.

这很容易相信比特币具有光明的未来，尤其是作为更受欢迎的商店资产。它的固定供应2100万个硬币支持绝对稀缺，是最重要的特征，它可以在想要拥有无法贬低的资产的投资者中引起更多的兴趣。

Gold is often viewed in comparison. The value of all the precious metal aboveground is estimated to be $20 trillion. Assuming Bitcoin appreciates to this level, there is 1,150% upside from the current level of a $1.6 trillion market cap.

相比之下，通常会看到黄金。据估计，所有贵金属地上的贵金属价值为20万亿美元。假设比特币欣赏到这一水平，目前的市值为1,150％的上​​限有1,150％的上​​限。

However, this view could be conservative. Bitcoin is superior to gold in multiple ways, as it’s verifiable, portable, and divisible.

但是，这种观点可能是保守的。比特币以多种方式优于黄金，因为它的可验证，便携式和可分开。

In the past decade, Bitcoin’s price skyrocketed almost 30,000%. While I don’t think it’s reasonable to assume a similar type of gain in the next 10 years, I am confident the price will be substantially higher in 2035.

在过去的十年中，比特币的价格飙升了近30,000％。虽然我认为在未来10年内假设类似类型的收益是不合理的，但我相信2035年的价格将大大提高。