So, we've been looking a lot at...

我們看了很多...

particularly Blockchain as a technology,

特別是把區塊鏈看作一項科技，

so let's say in back when we started to use Blockchain,

當初大家開始使用區塊鏈的時候，

I think it is a technology which is gonna get more and more adoption over time.

我想這項科技隨著時間會有越來越多的應用

But what that doesn't mean,

但是這並不代表

is that the value of Bitcoin and broader cryptocurrencies,

比特幣與其他加密貨幣的價值

should continue to go up and up.

會持續上升

Cryptocurrencies show many of the characteristics of a bubble right now,

加密貨幣目前顯示很多泡沫的跡象

which is: you've seen spectacular price increases,

例如價格顯著的上升

the main argument for buying them is that prices have risen,

購買它們的主要原因是過去價格上升

and are therefore going to continue to rise over time,

並且因此也會在未來持續上升

but there is no inherent right or wrong price for Bitcoin.

但是比特幣本身並沒有它固有的正確價值

What's the fair value on that?

他合理的價格是什麼？

I'm an investor, I like to come up with what's the fair value.

我是個投資家，我喜歡了解合理的價格是什麼

I think about the fair value of stocks, or the fair value of bonds.

我思考股票的合理價格，或是債券的合理價格

I can't answer the question of what's the fair value for Bitcoin or any cryptocurrency,

我無法回答比特幣或是其他任何的加密貨幣的合理價格是什麼

and for that reason,

而基於這個理由

I'm not an earner.

我並不會成為一個投資者