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上期划线句答案
Bubbles create opportunities to deploy the capital necessary to fund and speed up such large-scale experimentation—which includes lots of trial and error done in parallel—thereby accelerating the rate of potentially disruptive technologies and breakthroughs.
泡沫创造了给需要投资的项目部署资本的机会,而且可以加速大规模的实验,这些实验包括大量并行的试验和错误,从而加速了潜在颠覆性技术和突破的进程。
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本期内容
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双语阅读
Para.1
On Wednesday, the price of a single Bitcoin rose to more than $100,000, a remarkable milestone for an experimental financial asset that had once been mocked as a sideshow and a fad. The total cost of those pizzas today: $1 billion.
Para.2
Bitcoin now stands as arguably the most successful investment product of the last 20 years. The value of all the coins in circulation is $2 trillion, more than the combined worth of Mastercard, Walmart and JPMorgan Chase. The motley assortment of hackers and political radicals who embraced Bitcoin when it was created by an anonymous coder in 2008 have become millionaires many times over. And the invention has spawned an entire industry anchored by publicly traded companies like Coinbase, a cryptocurrency exchange, and promoted by celebrities, athletes and Elon Musk.
Para.3
Even the president-elect says he is a believer. During the campaign, Donald J. Trump marketed himself as a Bitcoin enthusiast, vowing to create a federal stockpile that could push its price even higher. Bitcoin began as “essentially an experimental hobbyist project,” said Finn Brunton, the author of a 2019 book about the history of cryptocurrency. “To see where it is now is to see a really impressive feat.”
Para.4
Bitcoin’s rise to $100,000 signals its now-undeniable status in the global economic system. The virtual currency has become a staple of financial markets, embraced by Wall Street giants and amateur investors alike. Its surge also caps an astonishing turnaround after its price dropped below $17,000 in 2022, as the collapse of the FTX crypto exchange sent the industry into a tailspin.
Para.5
This year, Bitcoin has come roaring back. Federal regulators allowed Wall Street firms to offer a popular financial product tied to the coin, attracting billions of dollars in fresh investment. Then, Mr. Trump’s election victory sent its price even higher, as crypto enthusiasts branded him the first “Bitcoin president.” Still, Bitcoin remains prone to extreme volatility. Its price sometimes drops when the global economy struggles. Environmental groups have raised concerns that the energy required to run Bitcoin’s software contributes to climate change, and the technology has long been used by scammers and thieves.
本文节选自:The New York Times(纽约时报)
发布时间:2024.12.6
作者:DAVID YAFFE-BELLANY
原文标题:Bitcoin Hits a Milestone: $100,000
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写作句总结
原句:A grammatically complex long sentence from the sources: The motley assortment of hackers and political radicals who embraced Bitcoin when it was created by an anonymous coder in 2008 have become millionaires many times over.
结构:The [adjective] assortment of [group] who A when it was X by Y have become Z.
例句:The dedicated group of athletes who trained relentlessly when it was promoted by their coaches have become champions many times over.
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阅读理解题
Which of the following statements best describes the impact of Bitcoin's rise on the global financial system and related industries, according to the provided sources?
A) Bitcoin's rise has had minimal impact, primarily remaining a niche interest with limited real-world application.
B) Bitcoin's rise has led to the emergence of new financial products, attracted significant investment, and become a staple in financial markets, but it has not been embraced by major financial institutions.
C) Bitcoin's rise has resulted in substantial financial gains for early adopters and the creation of a new industry but is not seen as a major player in the global economic system.
D) Bitcoin's rise has transformed it from an experimental project to a widely accepted financial asset, leading to the creation of new financial products and attracting substantial investment.
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全文概括
The text details Bitcoin's remarkable journey from an experimental project to a major financial asset worth trillions of dollars. Its price recently soared past $100,000, a significant milestone following a period of volatility and market downturn. The cryptocurrency's success has created millionaires and spawned a large industry, attracting investors ranging from Wall Street firms to individual enthusiasts. However, concerns remain regarding its volatility, environmental impact, and potential for misuse. Despite these challenges, Bitcoin's integration into the global financial system is now undeniable, boosted by recent regulatory changes and the election of a pro-Bitcoin president.
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