that's not that long ago, a year before the 2017 crash. How much your thousand dollars

那不是很久以前，2017年股災前一年。你的千金有多少

would worth today? A thousand dollars in bitcoin in 2016 would

今天會值錢嗎？2016年，一千元的比特幣將是

worth around $148K. That is an insane rate of return. Stock market investors can't even

價值約14.8萬。這是一個瘋狂的回報率。股市投資者甚至不能

dream about that kind of return. How about Ethereum? How much would a 1K dollar invested

夢想著這樣的回報。那Ethereum呢？1K美元的投資會有多少

in Ethereum worth today?  $273,716.

在Ethereum的價值今天？ $273,716.

Can you imagine that a 5K dollar invested in Ethereum 5 years ago would have turned

你能想象5年前投資在Ethereum上的5K美元會變成什麼嗎？

you into a millionaire today. That's insane if you ask me.

你今天就成了百萬富翁如果你問我，那簡直是瘋了。

What could be better than that? I am gonna tell you what is better than that!

還有什麼比這更好的呢？我要告訴你，還有什麼比這更好的呢？

Dogecoin? 


Dogecoin？

I can't believe what I am about to tell you because it sounds like a joke because it suppose

我不敢相信我要告訴你的事情，因為這聽起來像個笑話，因為我想... ...

to be a joke but its not! Dogecoin has grown so much that 1K dollars invested in 2016 would

是一個笑話，但它不是!Dogecoin已經增長了很多，2016年投資的1K美元將

have turned to over a million dollars today. Instead of buying that brand new iPhone 7

如今已經變成了一百多萬。與其買那部全新的iPhone7

in 2016, you could have purchased a dogecoin for the same amount of money, and today you

在2016年，你可以用同樣的錢購買一個dogecoin，而如今你

could have called yourself a millionaire. Did your iPhone earn a million dollars since

可以稱得上是百萬富翁了。你的iPhone賺了一百萬美元嗎，因為

then? I don't think so? 


然後呢？我想不會吧？

Let's get back to reality. There is no point in looking back and regretting because it's

讓我們回到現實中來。回頭看，後悔是沒有意義的，因為那是。

life and opportunities come and go. But the fact is, we are in the middle of a technological

生活和機會來來去去。但事實上，我們正處於一個技術

revolution that's has the potential not to change the financial system but pretty much

這場革命有可能不會改變金融體系，但卻很有可能

everything else. If in 2017, it seemed impossible, today it seems like we are at that point of

的一切。如果說在2017年，這似乎是不可能的事情，那麼今天，我們似乎就在這個點上。

no return, especially when a crypto company finally went public. 

沒有回報，尤其是當一家加密公司最終上市時。


 Just a year ago, it was impossible to imagine

就在一年前，人們還無法想像

that we will have a crypto platform going public on the Nasdaq. For a long time, bitcoin

我們將有一個加密平臺在納斯達克上市。長期以來，比特幣

or cryptos were considered this little asset used only for undercover activities. Going

或加密貨幣被認為是這個只用於臥底活動的小資產。去

mainstream was something not so easy to imagine, especially since the 2017 crash where a lot

主流是不太容易想象的事情，尤其是2017年的股災以來，很多的

of people lost fortunes investing in bitcoin and stayed pretty much away from it. Coinbase

的人在投資比特幣時損失慘重，幾乎遠離了它。幣基

is America's largest cryptocurrency exchange platform where you can buy, sell different

是美國最大的加密貨幣交易平臺，在這裡你可以購買、出售不同的

kinds of cryptocurrencies, but besides that, they offer online wallets, or you can loan

種加密貨幣，但除此之外，他們還提供在線錢包，或者你可以借給

your bitcoin to them and earn interest like you would with USD with traditional banks

你的比特幣給他們，賺取利息，就像你在傳統銀行賺取美元一樣。

and a bunch of other services. But of course, their main source of revenue comes from transaction

以及其他一系列服務。但當然，他們的主要收入來源是來自於交易。

fees whenever you buy or sell crypto. 


每當你買入或賣出加密貨幣時，都會收取費用。


 Coinbases stock spiked on the first day to

Coinbases股價首日飆升至。

the point where the company was valued at over 100 billion dollars for a brief moment.

的地步，公司估值一度超過1000億美元。

That's a great start for a company that trades such volatile assets as bitcoin. 

對於一家交易比特幣這種波動性資產的公司來說，這是一個很好的開始。


 One of the biggest Coinbase investors is Ark

Coinbase最大的投資者之一是方舟子。

Invest. Cathie woods, the woman who believes so deeply in Tesla, her prediction that Tesla

投資。Cathie woods，這個對特斯拉深信不疑的女人，她對特斯拉的預言。

would worth trillions once its self-driving technology is ready. She, Also predicts that

將價值萬億，一旦其自動駕駛技術準備就緒。她，還預測

it's just the beginning for Coinbase, and it will only grow. No wonder why ARK invested

對Coinbase來說，這只是一個開始，而且只會越來越大。難怪ARK投資

64 million dollars in Coinbase.  Coinbase is making trading bitcoin and other

Coinbase的6400萬美元。 Coinbase正在使比特幣和其他的交易。

cryptocurrencies easy and simple. The company has around 56 million "verified users" so

加密貨幣輕鬆簡單。該公司擁有約5600萬 "驗證用戶"，所以

far. If we want bitcoin to be mainstream, it should be easy to use and pass government

遠。如果我們想讓比特幣成為主流，它應該是易於使用並通過政府的

regulations. But on the other hand, transaction fees are

的規定。但另一方面，交易費用是

a bit too high, which is against what bitcoin was made for initially.

有點太高了，這違背了比特幣的初衷。

Because the point of bitcoin was to create a decentralized system where everyone can

因為比特幣的意義在於建立一個去中心化的系統，讓每個人都可以

send or receive money anonymously without the middleman, and Coinbase is literally that

沒有中間人的匿名收發錢款，Coinbase就是這樣的。

middle man, a bank for cryptos. Even your online wallet is like a bank account.

中間人，是加密貨幣的銀行。甚至你的在線錢包就像一個銀行賬戶。

I am not trying to criticize Coinbase. I am just saying how technology has evolved over

我不是想責備Coinbase。我只是想說技術是如何發展的。

time. Of course, you send your bitcoins from an

時間。當然，你把你的比特幣從一個

online wallet to your cold wallet and keep them safe and secure from online wallets.

在線錢包到您的冷錢包，並使它們免受在線錢包的安全和保護。

We actually made an entire video explaining how to buy bitcoins, how to store them, and

我們實際上做了一個完整的視頻，解釋如何購買比特幣，如何存儲它們，以及。

the pros and cons of using an online wallet. And what is the safest way to store your bitcoins?

使用在線錢包的利弊。而存儲比特幣最安全的方式是什麼？

The link will be in the description. 


鏈接將在描述中。


 But you know, what's more fascinating than

但你知道，還有什麼比這更吸引人的呢？

that is the fact that Dogecoin soared to a record high by more than 400 percent. I still

那就是Dogecoin飆升至400%以上的歷史新高。我仍然

can't get my head around it. Literally, what started as a meme is now worth billions of

不能讓我的頭周圍。從字面上看，什麼開始作為一個meme現在價值數十億的

dollars.  


美元。

Dogecoin started as a joke, like an internet meme. It was never meant to be anything serious,

Dogecoin是作為一個笑話開始的，就像一個互聯網備忘錄。它從來沒有想過要成為什麼嚴肅的東西。

but Dogecoin's capitalization crossed 5 billion dollars by the end of January.

但截至1月底，Dogecoin的資本金已突破50億美元。

Imagine you create a meme, and then that meme turns into 5 billion dollars. That's probably

想象一下，你創造了一個備忘錄，然後這個備忘錄變成了50億美元。這可能是

the most expensive meme in the world. And then the world's richest person keeps twitting

世界上最昂貴的meme。然後，世界上最富有的人 不斷鳴叫。

about it till it grows to dozens of billions of dollars, and in the last few days, dogecoin

關於它，直到它增長到幾百億美元，而在過去的幾天裡，dogecoin

capitalization crossed 52 billion dollars. Honestly, I am shocked!

資本金突破520億美元。說實話，我很震驚!


 It seems so unreal that I just can't believe

這似乎太不真實了，我簡直不敢相信。

it, but whether I like it or not, it doesn't matter. That's what's happening. These are

但不管我喜不喜歡，都無所謂了。這就是發生的事情。這些是

the facts on the ground. I think the excitement around coin bases IPO

地的事實。我認為圍繞幣基IPO的興奮點在於

drove so many new investors to buy different kinds of cryptocurrencies that it inflated

驅使許多新的投資者購買不同種類的加密貨幣，以至於膨脹了

the entire market Even more. Even bitcoin is trading at around 64K dollars at the time

整個市場甚至更多。即使是比特幣，當時的交易價格也在6.4萬美元左右

f this script.  


f這個腳本。

Whatever is happening to crypto now is definitely not sustainable. We have already talked in

不管現在的加密技術發生了什麼，肯定是不可持續的。我們已經在

a previous video about why the entire market, including cryptos, will most likely experience

之前的一段視頻，講述了為什麼包括加密貨幣在內的整個市場很可能會經歷

a correction or a crash . Because right now, we are in that situation where trillions are

糾正或崩潰。因為現在，我們是在這種情況下，數萬億是

pumped into the economy, and the fed knows that if it stops pumping so much money into

美聯儲知道，如果停止向經濟注入這麼多錢的話

the economy, the economic machine could stop, and reloading the economy is much more difficult

經濟，經濟機器可能會停止運轉，而重裝經濟的難度更大

and expensive than keeping it rolling at the expense of inflation. So the fed is watching

而且比以犧牲通脹為代價來維持滾動。所以美聯儲在觀察

from a side to raise interest rates and stop that inflation whenever it seems like we are

從一個側面來提高利率，阻止這種通貨膨脹，每當我們看起來好像是

back on track and there is no fear of another covid cases spike.

重回正軌，也不擔心再次出現covid病例的高峰。


 That doesn't mean that crypto will crash to

這並不意味著加密技術會崩潰到

zero, and that's the end of bitcoin. The IPO of Coinbase is clear evidence that from now

零，這就是比特幣的結局。Coinbase的IPO就是明確的證據，從現在開始

onwards, crypto will just keep growing, but like any other technology, it's still at its

起，加密技術將不斷髮展，但和其他技術一樣，它仍處於其

initial phase. Some enthusiasts think that bitcoin is at its peak, and I disagree with

的初始階段。有些愛好者認為比特幣正處於巔峰期，我不同意這個觀點

that, I think we need another 10 or 15 years to see the real fruits of blockchain and cryptocurrencies,

這一點，我認為我們還需要10年或15年才能看到區塊鏈和加密貨幣的真正成果。

and before that happens, the technology is going to go through a lot of volatility. That

而在這之前，該技術將經歷很大的波動。這

could mean many more crashes, it could mean a lot of more spikes, but as the demand grows,

可能意味著更多的崩潰，可能意味著更多的尖峰，但隨著需求的增長。

the trend is definitely going to be upwards. 


趨勢肯定是向上的。

The fact that there is a limited number of bitcoins, for example, already means that

比如說，比特幣數量有限，已經意味著

we can't adjust the supply based on demand. More demand, while there is a limited supply,

我們不能根據需求來調整供給。更多的需求，而供給是有限的。

means higher prices. That's basic economics.  


意味著更高的價格。這就是基本的經濟學原理。

But the fact that we have so many cryptocurrencies that are coming out and are valued at insane

但事實上，我們有這麼多的加密貨幣出來，而且估值瘋漲。

valuations is similar to what happened back with the internet, where we had websites such

估值是類似於發生了什麼回到互聯網，我們有網站，如。

as pets.com that also had insane valuation. Not to say that Dogecoin is going to fail

作為寵物網，也有瘋狂的估值。並不是說Dogecoin就要失敗了

or anything similar to that. Online time will tell you,

或類似的東西。在線時間會告訴你。


 However, often when a small crash happens

然而，往往在發生小的碰撞時

to an asset that's not stable, such as cryptocurrencies, they can shake the market pretty hard and

到一種不穩定的資產，比如加密貨幣，它們會對市場造成相當大的震動，而且。

cause a snowball effect where it will scare off investors, and prices will plummet much

引起滾雪球效應，嚇跑了投資者，價格就會大跌。

more than they should. 


比他們應該的更多。

Anyways, If you have enjoyed this video, you will most definitely enjoy this custom playlist

無論如何，如果你喜歡這個視頻，你一定會喜歡這個定製的播放列表。

that I have created specifically for you that has our most popular videos on business, investing,

我專門為你創建的，有我們最受歡迎的商業、投資視頻。

and the stock market that can potentially change your life.

和股市，有可能改變你的生活。

And now give this video the thumbs up that it deserves, and make sure to subscribe if

現在給這個視頻豎起大拇指，它值得，並一定要訂閱，如果你有什麼問題，請聯繫我們。

you haven't done that yet. Thanks for watching and until next.

你還沒有做到這一點。謝謝你的觀看，直到下一次。