比特幣可能會下跌——但 Bernstein 分析師仍然認為 BTC 正在突破 15 萬美元大關 ⋆ ZyCrypto

儘管比特幣近期跌破 2021 年 11 月高點，但全球投資公司 Bernstein 仍對其未來前景持樂觀態度。 Bernstein 維持其預測，即到 2025 年底甚至更早，比特幣將達到 15 萬美元。該公司認為，近期的市場波動已經「清理」了過多的槓桿，對比特幣 ETF 的需求將繼續推高其價格。

Bernstein Forecasts Bitcoin Price to Reach $150,000 by 2025, Driven by ETF Inflows

Bernstein 預測，在 ETF 流入的推動下，比特幣價格到 2025 年將達到 15 萬美元

Despite Bitcoin (BTC) retreating from its record high of nearly $74,000 in March, global investment firm Bernstein remains bullish on the cryptocurrency, predicting a rise to $150,000 by the end of 2025 or sooner.

儘管比特幣 (BTC) 從 3 月接近 74,000 美元的歷史高點回落，但全球投資公司 Bernstein 仍然看好這種加密貨幣，預計到 2025 年底或更早，其價格將升至 15 萬美元。

Bernstein's $150,000 BTC Price Call

Bernstein 的 15 萬美元比特幣價格預測

In a report released on Monday, May 6, Bernstein analysts Gautam Chhugani and Mahika Sapra expressed renewed confidence in their $150,000 price target for Bitcoin by 2025, originally made last year. Despite recent market fluctuations, they believe that Bitcoin is far from reaching its peak.

在 5 月 6 日星期一發布的一份報告中，Bernstein 分析師 Gautam Chhugani 和 Mahika Sapra 表達了對比特幣到 2025 年 15 萬美元價格目標的信心，該目標最初是去年制定的。儘管最近市場出現波動，但他們認為比特幣還遠遠沒有達到頂峰。

"We believe we are in mere first quartile of this cycle, and the market has another 15-18 months before we consider this market topping out," the analysts stated.

分析師表示：“我們認為，我們僅處於本週期的第一個四分位，在我們認為市場見頂之前，市場還有 15-18 個月的時間。”

SEC Approval of Spot Bitcoin ETFs

美國證券交易委員會批准現貨比特幣 ETF

The analysts attributed the recent pullback in Bitcoin's price to a correction of excess leverage in futures contracts. However, they noted that the subsequent approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) has created a significant inflow of funds into the cryptocurrency.

分析師將比特幣價格最近的回檔歸因於期貨合約過度槓桿的修正。然而，他們指出，美國證券交易委員會（SEC）隨後批准現貨比特幣 ETF，導致大量資金流入加密貨幣。

"Spot BTC ETFs recently saw cumulative net inflows after eight straight days of outflows," they reported. "Even Grayscale's converted GBTC ETF, which has lost billions since January, reversed its downward trajectory by recording its first net inflow of $63 million over the weekend."

他們報告稱：“在連續八天流出之後，現貨 BTC ETF 最近出現了累計淨流入。” “即使是 Grayscale 轉換後的 GBTC ETF，自 1 月份以來已經損失了數十億美元，但在周末錄得首次淨流入 6300 萬美元，扭轉了下跌趨勢。”

Increased Demand for ETF Products

ETF產品需求增加

Bernstein analysts believe that demand for ETF products will continue to drive up the price of Bitcoin. They explained that new spot ETFs have absorbed significant selling pressure from GBTC, indicating a growing appetite for regulated exposure to Bitcoin.

Bernstein分析師認為，ETF產品的需求將繼續推高比特幣的價格。他們解釋說，新的現貨 ETF 已經吸收了 GBTC 的巨大拋售壓力，這表明人們對受監管的比特幣曝險的興趣日益增長。

"This is significant considering GBTC has been a source of significant and continued selling, which the new 9 ETFs have had to absorb, they explained.

他們解釋說：“考慮到 GBTC 一直是大量持續拋售的來源，而新的 9 只 ETF 必須吸收這些拋售，這一點意義重大。”

External Endorsement

外部背書

Bernstein's bullish stance on Bitcoin is echoed by other industry experts. British multinational bank Standard Chartered predicted in April that Bitcoin could reach $150,000 by 2024 year-end due to the popularity and inclusion of ETFs in wider macro funds.

伯恩斯坦對比特幣的看漲立場得到了其他行業專家的呼應。英國跨國銀行渣打銀行在 4 月預測，由於 ETF 的受歡迎程度以及更廣泛的宏觀基金的納入，比特幣到 2024 年底可能會達到 15 萬美元。

Disclaimer

免責聲明

The information provided in this article represents the views and opinions of industry analysts and should not be construed as financial advice. Investors should conduct their own thorough research before making any investment decisions.

本文提供的資訊代表產業分析師的觀點和意見，不應被視為財務建議。投資者在做出任何投資決定之前應進行徹底的研究。