比特幣（BTC）正在經歷巨大的激增，截至2025年5月3日，交易約為96,856美元

比特幣（BTC）正在經歷巨大的激增，截至2025年5月3日上午916年，交易約為96856美元

Bitcoin (BTC) price is up 63.8 percent for the year. Here's a look at what's driving the crypto's gains and what analysts are saying about where the coin could trade by the end of 2025.

比特幣（BTC）的價格上漲了63.8％。以下是什麼是什麼推動了加密貨幣的收益，以及分析師在2025年底之前可以在哪裡進行交易的分析師所說的。

Bitcoin (BTC) is trading at the $96,856 price level on May 3 at 9:16 a.m. ET.

比特幣（BTC）的交易價格為5月3日上午9:16的96,856美元。

Bitcoin is up 63.8 percent from the same time last year.

比特幣比去年同期增長了63.8％。

Bitcoin is surging in 2024. The crypto is trading at a massively inflated price compared to last year. A combination of institutional investments, on-chain analytics, and macroeconomic factors have pushed analysts to set ambitious price targets for the cryptocurrency by the end of 2025.

比特幣在2024年飆升。與去年相比，加密貨幣的交易價格大量膨脹。機構投資，鏈分析和宏觀經濟因素的結合促使分析師在2025年底之前設定了加密貨幣的雄心勃勃的目標目標。

Here's a closer look at what's driving Bitcoin's gains and what analysts are saying about the crypto's future price.

仔細研究了驅動比特幣的收益以及分析師對加密貨幣未來價格的評價。

Major financial institutions are increasingly investing in Bitcoin, which may be contributing to its recent price gains. In April, Cathie Wood's investment firm, ARK Invest, revealed in a new filing with the Securities and Exchange Commission (SEC) that it had acquired a new stake in MicroStrategy (NASDAQ:MSTR).

主要的金融機構越來越多地投資比特幣，這可能會導致其最近的價格上漲。 4月，Cathie Wood的投資公司ARK Invest在向美國證券交易委員會（SEC）的一份新文件中透露，它已獲得了MicroStrategy的新股份（NASDAQ：MSTR）。

ARK Invest's move comes as several institutions are making significant commitments to Bitcoin. Earlier in April, reports surfaced that the hedge fund manager George Soros had passed control of his family office to his son, Alex Soros, who is known for his interest in cryptocurrency.

ARK Invest的舉動是隨著一些機構對比特幣做出重大承諾的。 4月初，有報導稱，對沖基金經理喬治·索羅斯（George Soros）將其家庭辦公室的控制權交給了兒子亞歷克斯·索羅斯（Alex Soros），他以對加密貨幣的興趣而聞名。

On-chain data provides further evidence of Bitcoin's bullish momentum. As of March 2024, the Bitcoin hasHash Rate reached a new all-time high, indicating increased hasher activity and overall network security.

鏈上數據提供了比特幣看漲勢頭的進一步證據。截至2024年3月，比特幣Hashash速率達到了新的歷史最高水平，表明HASHER活動和整體網絡安全。

Additionally, on-chain analytics firm Glassnode highlighted that BTC's Netflow has remained positive for 24 consecutive weeks. This metric measures the total value of coins entering and leaving exchanges. A positive reading suggests that more coins are flowing off exchanges into hardware wallets, which is often seen as a bullish indicator.

此外，On-Chain Analytics公司GlassNode強調，BTC的NetFlow連續24周保持陽性。該指標衡量進入和離開交易所的硬幣的總價值。積極的閱讀表明，更多的硬幣正在將交換流入硬件錢包中，這通常被視為看漲指標。

Several analysts have set price targets for Bitcoin by the end of 2025. In February, Mike Novogratz, the CEO of crypto hedge fund and investment firm Galaxy Holdings, said that he sees Bitcoin trading at the $100,000 price level by the end of 2024.

幾位分析師到2025年底已經設定了比特幣的價格目標。 2月，Crypto對沖基金和投資公司Galaxy Holdings的首席執行官Mike Novogratz表示，他認為到2024年底，他認為比特幣的交易價格為100,000美元。

In March, crypto analyst Il Capo di Via broke down a Fibonacci sequence that suggests Bitcoin could surge to the $200,000 price range by December 2025.

3月，加密分析師IL Capo di通過裂解了一個斐波那契序列，該序列表明，到2025年12月，比特幣可能會飆升至200,000美元的價格範圍。

Another analyst, eMarketer, set a more conservative price target of $60,000 for Bitcoin by the end of 2025.

另一位分析師Emarketer在2025年底將比特幣的價格目標定為60,000美元。

Bitcoin's price movement will depend on several key elements, including macroeconomic conditions, on-chain metrics, and institutional adoption.

比特幣的價格變動將取決於幾個關鍵要素，包括宏觀經濟條件，鏈界指標和機構採用。

Rising interest rates and inflation have supported the dollar and put pressure on equities and cryptocurrencies throughout 2022. However, in 2024, the S&P 500 is up 12.4 percent, while Bitcoin has experienced even more significant gains.

利率和通貨膨脹率上升支持了美元，並向整個2022年的股票和加密貨幣施加了壓力。但是，在2024年，標準普爾500指數上漲了12.4％，而比特幣的增長更加顯著。

As macroeconomic trends continue to unfold, they will undoubtedly impact Bitcoin's price trajectory in the months ahead.

隨著宏觀經濟趨勢的不斷發展，它們無疑會在未來幾個月內影響比特幣的價格軌跡。

Several analysts prefer to focus on on-chain metrics to gauge Bitcoin's market strength. These metrics provide insights into the cryptocurrency's supply and demand dynamics, which are less affected by short-term price volatility.

幾位分析師寧願專注於鏈度指標來評估比特幣的市場實力。這些指標提供了對加密貨幣供求動態的見解，這些供求動態受到短期價格波動的影響較小。

On-chain analysis firm Glassnode highlighted that BTC's Netflow has remained positive for 24 consecutive weeks. This metric measures the total value of coins entering and leaving exchanges. A positive reading suggests that more coins are flowing off exchanges into hardware wallets, which is often seen as a bullish indicator.

鏈分析公司玻璃節點強調，BTC的NetFlow連續24周保持陽性。該指標衡量進入和離開交易所的硬幣的總價值。積極的閱讀表明，更多的硬幣正在將交換流入硬件錢包中，這通常被視為看漲指標。

According to Glassnode, this sustained positive Netflow is a rare occurrence. The last time it happened for this long was in 2017, during the previous bull market.

根據GlassNode的說法，這種持續的陽性淨流是罕見的。這次很長時間發生的是在2017年，在上一個牛市上。

Bitcoin is also known for its limited supply, with only 21 million coins to be mined. This scarcity is often cited as a reason why some investors prefer Bitcoin over traditional assets like stocks or bonds.

比特幣還以有限的供應量而聞名，只有2100萬枚硬幣即可開採。這種稀缺通常被認為是某些投資者更喜歡比特幣而不是股票或債券等傳統資產的原因。

Those who believe in the long-term value of Bitcoin are expected to continue holding onto their coins, which could limit the amount of selling pressure on the cryptocurrency.

那些相信比特幣長期價值的人預計將繼續堅持自己的硬幣，這可能會限制加密貨幣的銷售壓力。

Several institutional investors have made significant investments in Bitcoin, aiming for substantial returns on their investments.

一些機構投資者已經對比特幣進行了大量投資，旨在對其投資進行大量回報。

For instance, ARK Invest, the investment firm founded by Cathie Wood, disclosed in a recent filing with the SEC that it had acquired a new stake in MicroStrategy (NASDAQ:MSTR).

例如，由Cathie Wood創立的這家投資公司Ark Invest在最近向SEC的一份文件中披露，它已獲得了MicroStrategy的新股份（NASDAQ：MSTR）。

MicroStrategy, a software firm, made headlines in 2020 when it began purchasing Bitcoin as part of its treasury management strategy. Since then, Microstrategy has continued to buy Bitcoin, and its CEO, Michael Saylor, has become a vocal supporter of the cryptocurrency.

軟件公司MicroStrategy在2020年開始購買比特幣作為其國庫管理策略的一部分時成為頭條新聞。從那時起，MicroStrategy繼續購買比特幣，其首席執行官Michael Saylor已成為加密貨幣的聲音支持者。

According to the SEC filing, ARK Invest's bought 96,6

根據SEC文件，方舟投資購買了96,6