Shibetoshi Nakamoto, the co-creator of Dogecoin, recently raised concerns about the market's future, stating: "There will always be a crash at some point." His comments came in response to a question about whether the stock market is currently in a bubble.

狗狗币联合创始人 Shibetoshi Nakamoto 最近对市场的未来表示担忧，他表示：“在某个时候总会出现崩盘。”他的评论是为了回答有关股市目前是否存在泡沫的问题。

As of July 2024, the S&P 500 has performed exceptionally well, hovering near record highs with a year-to-date return of approximately 15%. This impressive trajectory positions 2024 to be one of the best-performing years for the index in the last 25 years.

截至 2024 年 7 月，标准普尔 500 指数表现异常出色，徘徊在历史高位附近，年初至今的回报率约为 15%。这一令人印象深刻的轨迹使 2024 年成为该指数过去 25 年来表现最好的年份之一。

The technology sector has driven this growth, with companies like Nvidia, Alphabet, Amazon, and Meta experiencing significant stock price increases. This momentum reflects strong investor confidence in the ongoing expansion of artificial intelligence and other emerging technologies.

科技行业推动了这一增长，Nvidia、Alphabet、亚马逊和 Meta 等公司的股价大幅上涨。这一势头反映出投资者对人工智能和其他新兴技术持续扩张的强烈信心。

In contrast, the crypto market's performance has been more varied this year. Bitcoin saw significant growth leading up to the April 2024 halving event, reaching a new all-time high. However, it has also experienced notable downward movements, with billion-dollar liquidations indicating a volatile market. Bitcoin's price chart does not resemble the "up only" trajectory seen in the S&P 500.

相比之下，今年加密货币市场的表现则更加多样化。在 2024 年 4 月减半事件之前，比特币出现了显着增长，达到了历史新高。然而，它也经历了显着的下行走势，数十亿美元的清算表明市场波动。比特币的价格图表与标准普尔 500 指数中“只上涨”的轨迹并不相似。

For Dogecoin, the situation is even more subdued. Its year-to-date return stands at 32.6%, reflecting a less dramatic but still positive performance comparable to Bitcoin and the broader market.

对于狗狗币来说，情况更加黯淡。其年初至今的回报率为 32.6%，与比特币和更广泛的市场相比，其表现虽不那么引人注目，但仍然积极。

The question remains: Will the S&P 500 continue its upward trajectory, or are we on the brink of a market correction?

问题依然存在：标准普尔 500 指数会继续其上行趋势，还是正处于市场调整的边缘？