It still feels like it's not real.

感覺還是不真實。

How much do you think bitcoins price was exactly a year ago—less than 7K dollars.

你覺得一年前比特幣價格到底是多少--不到7K美元。

Within a single year, the price skyrocketed to 60K dollars.

一年之內，價格飆升至6萬元。

It's floating somewhere between 50 and 60K.

它的浮動在50到60K之間。

Just five years ago, in 2016, the price of the bitcoin was less than 450 dollars.

就在五年前的2016年，比特幣的價格還不到450美元。

These kinds of moments push you to think twice about whether you are investing in the right

這類時刻促使你三思而後行，考慮自己的投資是否正確。

asset or not because a 10 or 20K investment in bitcoin would have turned you into a multi-millionaire

資產與否，因為投資1萬或2萬的比特幣就能讓你變成百萬富翁。

today.

今天。

You could have purchased a Ferrari and start making YouTube videos where you could say

你可以買一輛法拉利，然後開始製作YouTube視頻，在那裡你可以說

- KNOWLEDGE!! - that suppose to be a joke )

- 知識!- 這應該是一個笑話)

It's very uncertain where crypto prices are headed now.

現在加密貨幣價格的走向非常不確定。

Honestly, at this point, I wouldn't be surprised if bitcoin crosses 100K dollars.

說實話，目前來看，如果比特幣突破10萬美金，我也不會感到驚訝。

I remember back in 2017, everyone was freaked out about how on earth bitcoin worth 15 or

我記得在2017年的時候，大家都嚇壞了，到底比特幣怎麼會值15個或者是

18K dollars.

18K美元。

Little did they knew what 2021 have prepared for us.

他們不知道2021年為我們準備了什麼。

If you're feeling bad for missing the opportunity to invest in bitcoin 5, 7, or eight years

如果你為錯過了5年、7年、8年投資比特幣的機會而感到遺憾的話

ago, then let me introduce you to James How ells.

那就讓我給你介紹一下James How ells吧。

He is a software developer who was one of the few early users of bitcoin.

他是一名軟件開發人員，是比特幣的少數早期用戶之一。

When mining bitcoin was super easy, he used to mine a lot from his bedroom using his personal

當挖比特幣超級容易的時候，他曾經在自己的臥室裡用他個人的

computer.

電腦。

Now you can't since the network has grown so much that you need huge computer warehouses

現在不行了，因為網絡已經發展到需要巨大的計算機倉庫了。

to mine even a single bitcoin.

來挖掘哪怕一個比特幣。

Back then, he mined over 7500 bitcoins from his little bedroom.

當年，他在自己的小臥室裡挖出了7500多個比特幣。

He believed in this idea but had no clue that his hard drive soon will worth a fortune.

他相信這個想法，但不知道他的硬盤很快就會價值連城。

Back then, bitcoin wasn't as exciting as today.

那時候，比特幣還不像今天這樣激動人心。

It was only used on the dark web to exchange illegal goods.

只是在暗網上用來交換非法商品。

So when he was cleaning up his house, he thought that he had taken out all the information

所以當他在清理房子的時候，他認為自己已經把所有的資料都拿出來了。

from that hard drive, including his bitcoins, but he didn't so he ended up throwing that

包括他的比特幣，但他沒有這樣做，所以他最後把那個...

hard disk with over 7500 bitcoins.

硬盤裡有7500多個比特幣。

Somewhere in the world, there is a hard drive with access to a bitcoin wallet with 7500

在世界的某個地方，有一個硬盤可以訪問一個比特幣錢包，裡面有7500個比特幣。

bitcoins that worth over 427 million dollars.

比特幣，價值超過4.27億美元。

This guy was sitting on a pile of virtual gold.

這傢伙坐在一堆虛擬黃金上。

He threw away almost half a million dollars!

他扔掉了近50萬美金！！。

Just imagine for a moment how bad is he feeling!

試想一下，他的心情有多糟糕!

He has spotted one in a lifetime opportunity.

他發現了一個千載難逢的機會。

He did everything he could to take advantage out of it and then threw it away in the garbage

他做了一切可以利用的事情，然後把它扔到垃圾桶裡去了

with his own hands.

用自己的雙手。

He is only going to feel worst as the price of bitcoin keeps rising.

隨著比特幣價格的不斷上漲，他的感受只會越來越差。

But he is not the only one.

但他不是唯一的一個。

Stefan Thomas also has a wallet with over 7000 bitcoin, but he forgot his 12-word password.

Stefan Thomas也有一個錢包，裡面有7000多個比特幣，但他忘記了12個字的密碼。

Back in 2011, he produced an animated video explaining how digital currency works.

早在2011年，他就製作了一個動畫視頻，解釋數字貨幣如何運作。

For his efforts, a bitcoin enthusiast awarded him 7,002 bitcoins.

由於他的努力，一位比特幣愛好者獎勵他7,002個比特幣。

And right now, he has a fortune of almost 400 million dollars that he cant access because

而現在，他有將近4億美元的財富，他無法獲得，因為...

he doesn't remember his key.

他不記得他的鑰匙。

Whenever you have a bad day, just remember these guys, i don't think you can mess up

每當你遇到不順心的事時，只要記住這幾個人，我想你不會搞砸的。

more than what these guys did.

比這些人做的更多。

However, not everything is sunshine and rainbows when it comes to cryptocurrency because everything

然而，當涉及到加密貨幣時，並不是所有的事情都是陽光和彩虹，因為所有的事情都是一樣的

that rises will eventually fall, whether it's cryptocurrencies, the stock market or real

漲的終究會跌的，不管是加密貨幣、股市還是真實的。

estate, or any other assets.

遺產，或任何其他資產。

We have already experienced one Cryptocurrency crash at the end of 2017, and it seems like

我們已經在2017年年底經歷了一次加密貨幣的崩潰，似乎是

we might experience another one this year or in the foreseeable future.

我們可能會在今年或在可預見的將來再經歷一次。

Of course, it's impossible to predict anything because the future is unknown and whoever

當然，這是不可能的，因為未來是未知的，誰也不可能預測到任何事情

claims to know the future is lying, but if we just take a look at the facts on the ground,

聲稱知道未來是在撒謊，但如果我們只看一下當地的事實。

we might be able to make a reasonable prediction based on the current circumstances so let's

以目前的情況來看，我們或許能做出合理的預測，所以我們就

take a look at whether we are at the bring of another crypto crash.

看看我們是否正處於另一次加密貨幣崩潰的帶來。

In March 2020, the price of the bitcoin was a little over 5K dollars.

2020年3月，比特幣的價格是5千多美元。

It already lost its momentum back, and experts predicted that it would slowly grow since

它已經失去了回升的勢頭，專家預測它將緩慢增長，自

then.

然後，

To change the financial industry is almost impossible unless the government is backing

要想改變金融業幾乎是不可能的，除非有政府的支持。

you.

你。

But something unexpected happened around that time.

但在那個時候發生了一些意想不到的事情。

Suddenly the future became uncertain, a global pandemic stopped the world from turning around,

突然間，未來變得不確定了，一場全球性的大瘟疫阻止了世界的轉折。

and we had absolutely no idea how on earth are we going to get out of it.

我們完全不知道如何在地球上 我們要擺脫它。

Investors panicked, sold their stocks, so the stock market dropped by over 30 percent

投資者驚慌失措，拋售股票，所以股市下跌了30%以上。

in less than a month.

在不到一個月的時間裡。

They couldn't even invest in real estate because most people lost their jobs due to the pandemic,

他們甚至無法投資房地產，因為大多數人都因為這場大瘟疫而失業。

and it seemed like they will not be able to pay their mortgages and the housing market

而他們似乎將無法支付他們的抵押貸款和房市。

will collapse.

將會崩潰。

That's why they started buying gold because gold has always been the global currency of

這就是為什麼他們開始購買黃金的原因，因為黃金一直是全球的貨幣。

the world, and no matter what happens, gold will always hold its value, so gold prices

世界，無論發生什麼事情，黃金都會一直保持其價值，所以金價

rose instantly.

瞬間上升。

In a few months, they crossed a breaking record of almost 2100 dollars per ounce.

在幾個月內，他們跨越了近2100美元/盎司的破紀錄。

But something different was happening around the same time.

但在同一時間發生了一些不同的事情。

Cryptocurrencies, especially bitcoin has already developed a reputation of being virtual gold.

加密貨幣，尤其是比特幣已經形成了虛擬黃金的名聲。

You might not be able to touch it, but there is a limited number of them, and it's backed

你可能摸不到，但數量有限，而且有後盾。

but this huge network across the globe.

但這個遍佈全球的龐大網絡。

So some investors turned to bitcoin to protect their wealth in such uncertain times, which

於是，一些投資者在這樣一個不確定的時代，轉而選擇比特幣來保護自己的財富，其中

led bitcoin price to rise, and finally, in a long time, the price crossed 11K dollars.

導致了比特幣價格的上漲，最終，在很長一段時間內，價格突破了11K美元。

But it wasn't just the price of the bitcoin that was rising so significantly but pretty

但如此大幅上漲的不僅僅是比特幣的價格，而是漂亮的。

much every other asset.

多每其他資產。

The stock market was shooting through the roof; real estate prices grew by double digits.

股市在屋頂上飆升；房地產價格以兩位數增長。

What do you think happened?

你覺得發生了什麼？

The fed understood that if they are not going to act fast.

美聯儲明白，如果他們不打算快速行動。

This pandemic could get much worst than the 2008 crash.

這場大流行可能會比2008年的車禍嚴重得多。

In 2008, it wasn't just the real estate market that collapsed, but rather it took down the

2008年，不僅僅是房地產市場崩盤，而是拿下了。

banks with it since banks provided mortgages to these homeowners.

銀行與之合作，因為銀行向這些房主提供抵押貸款。

On top of that, banks sold these mortgages in the form of securities to investors, so

除此之外，銀行還將這些抵押貸款以證券的形式賣給了投資者，所以。

when everything collapsed, it took down with it banks, homeowners and investors, and unfortunately,

當一切都崩潰的時候，它帶著銀行、房主和投資者一起倒下，不幸的是。

the entire global economy.

整個全球經濟。

So the fed said: we are going to do whatever it takes in order to prevent such a recession

所以美聯儲說：為了防止這樣的經濟衰退，我們將不惜一切代價。

like we had in 2008.

像2008年那樣。

And that meant printing money and buying corporate bonds.

而這就意味著印鈔票和購買公司債券。

At first glance, it seems like how is that related to bitcoin.

乍一看，好像和比特幣有什麼關係。

It definitely helped the stock market to rise faster than ever, but the fed didn't do anything

它肯定幫助股市比以往任何時候都要快，但美聯儲什麼也沒做。

to boost bitcoin.

以促進比特幣。

You see, when the government passed the stimulus bills and filled the economy with cash.

你看，當政府通過經濟刺激法案，讓經濟充滿了現金。

A lot of people began to worry about inflation.

很多人開始擔心通貨膨脹。

More money in the economy means the real value of each dollar will decrease, which means

經濟中的貨幣越多，意味著每一塊錢的實際價值會降低，這意味著

holding cash was a bad idea.

持有現金是個壞主意。

So investors were buying all kind of assets to preserve their wealth, including bitcoin,

所以投資者都在買入各種資產來保全自己的財富，包括比特幣。

so bitcoin prices instantly started rising, but they rose a bit too fast and attracted

所以比特幣的價格瞬間開始上漲，但漲得有點太快，吸引了

speculators who wanted to profit from the rise of an asset which is what usually happens

炒家想從資產的上漲中獲利，這通常是發生的事情。

when a certain asset start rising too fast.

當某項資產開始上漲過快時。

So between September and January, the price increased from 10500 to almost 35K dollars.

所以9月到1月之間，價格從10500漲到了近3.5萬。

In less than 6 months, the price rose by over 220%.

不到半年時間，價格上漲了220%以上。

Everyone expected bitcoin to crash, but then this is what happened.

大家都以為比特幣會崩盤，但後來發生了這樣的事情。

Tesla bought 1.5 billion dollars worth of bitcoin, which boosted the demand through

特斯拉購買了價值15億美元的比特幣，這促進了需求，通過。

the roof.

屋頂。

The news of Tesla investing in bitcoin sent shock waves across the world, pushing more

特斯拉投資比特幣的消息在全球範圍內引起震動，推動了更多的

investors to buy bitcoin.

投資者購買比特幣。

In a less than two month, doubled the price, and for the first time, ever bitcoin crossed

在不到兩個月的時間裡，價格翻了一番，有史以來，比特幣首次突破了

60K dollars.

六萬塊錢。

To make things worst, Musk tweeted that you now buy Tesla with bitcoin.

更糟糕的是，馬斯克在推特上說，你現在用比特幣買特斯拉。

That gave a lot of legitimacy to bitcoin and made it even more popular.

這給比特幣帶來了很多合法性，使其更加流行。

The real value of bitcoin is its network, the fact that millions of people use bitcoin

比特幣的真正價值在於它的網絡，數百萬人使用比特幣的事實。

and it makes the financial transaction easier.

而且它使金融交易更容易。

But no one knows how much bitcoin really worth.

但是沒有人知道比特幣到底值多少錢。

It could be worth 1 dollar per bitcoin or 100K per bitcoin.

每枚比特幣可能價值1美元，也可能價值10萬。

Everyone has his opinion.

每個人都有自己的看法。

But the fact is, the recent bitcoin price spike is driven by people's fear of inflation,

但事實上，近期比特幣價格的飆升是由人們對通貨膨脹的恐懼所推動的。

a bunch of speculators, and some tweets by the king of memes (Elon Musk).

一群投機者，和一些備忘錄之王（埃隆-馬斯克）的推文。

Of course, there are a lot of other factors that influenced the rise of bitcoin, but what

當然，影響比特幣興起的因素還有很多，但什麼？

happens when the fear of inflation will go away when interest rates will be raised.

當對通脹的恐懼會在加息時消失時發生。

There is a good chance that the demand for bitcoin and other cryptocurrencies will fall,

比特幣和其他加密貨幣的需求很有可能會下降。

which will drive way speculators which will further drive the price down, which will scare

這將推動投機者進一步推動價格下跌，這將嚇唬

off simple retail investors who wanted to profit from this spike.

掉了想從這次暴漲中獲利的簡單散戶。

I personally believe that Tesla will sell its share of bitcoin once something like that

我個人認為，一旦發生這樣的事情，特斯拉會賣掉自己的比特幣份額。

is around the corner, but that's my option which could be entirely wrong.

是在拐角處，但這是我的選擇，可能是完全錯誤的。

That doesn't mean that bitcoin will drop to 0 or it will drop its pre-pandemic levels

這並不意味著比特幣會跌到0，也不意味著比特幣會跌到流行前的水準。

but it will definitely drop! how big is that crash going to be?

但一定會跌！那崩盤的幅度會有多大？

Well, only time will tell.

嗯，只有時間才能證明。

But if you are a long-term investor, you shouldn't care, because personally, I believe that cryptos

但如果你是一個長期投資者，你就不應該在意，因為我個人認為，加密貨幣的

have a future, despite all the challenges they have to go through, despite the fact

儘管他們必須經歷各種挑戰，儘管他們有一個未來，儘管他們有一個未來，儘管他們有一個未來，儘管他們有一個未來。

they are not going to replace fiat money, at least in the coming few decades.

至少在未來幾十年內，它們不會取代貨幣。

They still have a future because the world needs a decentralized financial system.

他們仍然有未來，因為世界需要一個分散的金融體系。

And now it's time to give this video thumbs and make sure to check our second channel

現在是時候給這個視頻豎起大拇指了，一定要去看看我們的第二個頻道。

called bloom.

叫做綻放。

If I am not posting here, I am definitely posting there, so if you enjoy our videos,

如果我不在這裡發帖，我肯定在那裡發帖，所以如果你喜歡我們的視頻。

you will definitely enjoy our second channel.

你一定會喜歡我們的第二個頻道。

See you there!

到時見！

Thanks for watching and until next time.

謝謝你的觀看，直到下一次。