新總統政府所做的承諾，比特幣 BTC/USD 正在經歷一段謹慎樂觀的時期

比特幣在 2024 年經歷了大幅價格飆升，在比特幣 ETF 推出後第一季達到 75,000 美元的歷史新高。

Bitcoin (CRYPTO: BTCUSD) is experiencing a period of guarded optimism, buoyed by institutional inflows into newly approved ETFs and the promises made by the new presidential administration, according to a new report from Messari.

根據 Messari 的一份新報告，比特幣（加密貨幣：BTCUSD）正在經歷一段謹慎樂觀的時期，受到機構資金流入新批准的 ETF 以及新總統政府做出的承諾的提振。

Bitcoin’s Future Trajectory: The report suggests that the future trajectory of Bitcoin will depend on whether the administration can convert campaign rhetoric into tangible policy outcomes.

比特幣的未來軌跡：報告表明，比特幣的未來軌跡將取決於政府能否將競選言論轉化為實際的政策成果。

Bitcoin experienced a substantial price surge in 2024, reaching an all-time high of $75,000 in the first quarter following the launch of Bitcoin ETFs. Institutions were net buyers of Bitcoin throughout the year, with Grayscale's (NASDAQ:GBTC) outflows decreasing significantly and Blackrock (NYSE:BLK)'s IBIT emerging as the largest net buyer.

2024 年，比特幣價格大幅上漲，在比特幣 ETF 推出後第一季達到 75,000 美元的歷史新高。機構全年都是比特幣的淨買家，其中 Grayscale（納斯達克股票代碼：GBTC）的流出量大幅減少，Blackrock（NYSE：BLK）的 IBIT 成為最大的淨買家。

ETF issuers now hold over 1.1 million BTC, with Blackrock and Grayscale holding the majority.

ETF 發行人目前持有超過 110 萬枚 BTC，其中 Berrock) 和灰階 (Grayscale) 持有大部分。

MicroStrategy (NASDAQ:MSTR) has continued to actively invest in Bitcoin, with total holdings now exceeding 420,000 BTC after a recent purchase of $2.1 billion. The company intends to raise a further $42 billion to fund additional purchases over the next three years.

MicroStrategy（納斯達克股票代碼：MSTR）繼續積極投資比特幣，在最近購買了 21 億美元後，其總持有量現已超過 420,000 BTC。該公司計劃再籌集 420 億美元，為未來三年的額外採購提供資金。

A New President, A New Hope: The election of a new president who has expressed positive sentiments towards crypto has created a hopeful environment for the sector. Some of his stated promises include firing SEC commissioner Gary Gensler, introducing a national strategic Bitcoin reserve, forming a Bitcoin and crypto presidential council, and ensuring Bitcoin mining in the U.S.

新總統，新希望：對加密貨幣表達積極態度的新總統的當選為該行業創造了一個充滿希望的環境。他的一些承諾包括解僱 SEC 專員加里·詹斯勒 (Gary Gensler)、引入國家戰略比特幣儲備、組建比特幣和加密貨幣總統委員會以及確保美國進行比特幣開採

While a federal strategic Bitcoin reserve is unlikely, the report emphasizes that achieving some of the higher-probability policy items could sustain the current market enthusiasm.

儘管不太可能建立聯邦戰略比特幣儲備，但報告強調，實現一些可能性較高的政策項目可以維持當前的市場熱情。

The report also highlights the introduction of Ordinals and Runes on the Bitcoin network, enabling NFTs and fungible tokens and bringing new functionality to the blockchain.

該報告還強調了比特幣網路上序數和符文的引入，使 NFT 和可替代代幣成為可能，並為區塊鏈帶來了新功能。

Bitcoin's staking protocol Babylon is also a new development, allowing holders to stake their assets to secure other networks.

比特幣的質押協議 Babylon 也是一項新開發，允許持有者質押其資產以保護其他網路的安全。

However, the report notes that the Bitcoin network was not designed for maximum programmability, but a low penetration of Bitcoin utility could still exceed $30 billion in market value.

然而，報告指出，比特幣網路並不是為最大程度的可編程性而設計的，但比特幣實用程式的低滲透率仍然可能超過 300 億美元的市值。

Messari projects that institutional ETF inflows will continue to be a primary driver of price action, which could lead to more stable, less volatile price movements.

Messari 預計機構 ETF 流入將繼續成為價格走勢的主要驅動力，這可能導致價格走勢更加穩定、波動更小。

The report also acknowledges that the success of new developments like Runes, Ordinals, and Bitcoin staking will depend on user adoption and the continued improvement of the user experience.

該報告還承認，符文、序數和比特幣質押等新開發的成功將取決於用戶的採用和用戶體驗的持續改善。