比特幣的供應減少，堅定的持有人定罪和潛在的機構FOMO：這是歷史性比特幣擠壓的完美秘訣嗎？

Bitcoin Supply Squeeze: Holders HODL'ing, Will $1 Million BTC Be Next?

比特幣供應緊縮：持有人霍德林，接下來會有100萬美元的BTC嗎？

Bitcoin's supply dynamics are getting tighter than a New York minute. With long-term holders increasing and institutions eyeing a piece of the pie, a major supply squeeze could be brewing. Buckle up, because we're diving into whether this could send Bitcoin's price soaring to a cool $1 million.

比特幣的供應動態比紐約分鐘越來越緊。隨著長期持有人的增加，機構注視著一塊餡餅，可能會釀造大量的供應擠壓。扣緊，因為我們正在研究是否可以將比特幣的價格飆升至100萬美元。

The HODLers Are Winning

霍德人贏了

The latest buzz is all about Bitcoin's "ancient" supply – coins held for 10 years or more. Get this: the number of these old-school Bitcoins is growing faster than new ones are being mined. We're talking about 550 BTC entering the ancient supply category daily, while only 450 new BTC are issued. That's some serious HODL power right there!

最新的嗡嗡聲是關於比特幣的“古代”供應 - 持有10年或更長時間的硬幣。明白：這些老式比特幣的數量比開採新的比特幣的速度快。我們談論的是550 BTC每天進入古代供應類別，而僅發出450個新的BTC。那是一些嚴重的hodl力量！

Currently, over 17% of all Bitcoin is considered illiquid, locked away in the digital vaults of long-term believers. Projections suggest this could jump to 30% by 2026. These folks aren't just holding; they're practically gluing their Bitcoin to their wallets.

目前，所有比特幣中有17％被認為是流動性的，被鎖定在長期信徒的數字拱頂中。預測表明，到2026年，這可能會躍升至30％。這些人不僅持有。他們實際上將比特幣粘在錢包上。

Institutions Want In

機構想要

It's not just the OGs holding tight. Institutional investors are starting to pile in. Bitwise expects Bitcoin inflows to reach a staggering $120 billion by 2025 and $300 billion by 2026. Where is this money coming from? Potentially nation-states reallocating a sliver of their gold reserves, US states getting on board, wealth management platforms dipping their toes, and public companies upping their holdings.

不僅是OGS緊緊抓住。機構投資者開始堆積。比特幣的流入到2025年到2026年，比特幣的流入將達到1,200億美元。到2026年。這筆錢來自哪裡？美國國家可能會重新分配其黃金儲備，美國國家登上腳趾的財富管理平台，以及上市公司提高其股份。

All this institutional accumulation, combined with the ever-growing ancient supply, paints a picture of serious scarcity. A significant chunk of Bitcoin's supply is becoming harder to get your hands on, potentially amplifying those sky-high price targets analysts keep throwing around.

所有這些機構積累，再加上不斷增長的古代供應，描繪了嚴重稀缺的圖片。大量比特幣的供應越來越難以動手，這可能會擴大那些高價目標分析師不斷拋棄的目標。

$1 Million Bitcoin: Is It Just a Pipe Dream?

100萬美元的比特幣：這只是一個夢想嗎？

Okay, let's address the elephant in the room: Can Bitcoin really hit $1 million? That would require a market cap of $21 trillion, a tenfold increase from where we are now. It sounds crazy, but the fixed supply and increasing illiquidity could be the fuel for this rocket.

好吧，讓我們在房間裡談論大象：比特幣真的可以打100萬美元嗎？這需要21萬億美元的市值，比我們現在的位置增加十倍。這聽起來很瘋狂，但是固定的供應和增加的流動性可能是這款火箭的燃料。

History shows that after previous halving events (2013, 2017, 2021), Bitcoin went on massive rallies, driven by reduced supply growth and increased demand. If that pattern holds, we could be in for another wild ride.

歷史表明，在以前的減半事件（2013、2017、2021）之後，比特幣進行了大規模集會，這是由於供應增長減少和需求增加所致。如果這種模式成立，我們可能會再次狂奔。

Of course, there are always bumps in the road. Even long-term holders can get spooked and sell during times of volatility. But with sidelined demand from institutions like Morgan Stanley and Goldman Sachs potentially unleashing billions, the upside potential remains massive.

當然，路上總是有顛簸。即使是長期持有人也可能在波動期間被驚嚇和銷售。但是，隨著摩根士丹利和高盛等機構的需求不足，潛在的上升潛力仍然很大。

My Two Satoshis

我的兩個satoshis

Here's my take: While a million-dollar Bitcoin sounds like something out of a sci-fi movie, the current trends are undeniably bullish. The combination of die-hard HODLers, institutional interest, and a shrinking supply could create a perfect storm for a major price surge. Will it happen overnight? Nah. But is it a realistic long-term target? Absolutely.

這是我的看法：雖然一百萬美元的比特幣聽起來像是一部科幻電影中的東西，但目前的趨勢是無可否認的。頑固的霍德爾人，機構興趣和供應量的結合可能會為重大價格上漲造成完美的風暴。會在一夜之間發生嗎？不。但這是現實的長期目標嗎？絕對地。

So, What's Next?

那麼，下一步是什麼？

Keep an eye on those ancient supply numbers and institutional inflows. If those trends continue, get ready for a wild ride. And who knows, maybe one day we'll all be sipping champagne on our yachts, courtesy of our million-dollar Bitcoins. Until then, HODL on and enjoy the show!

密切關注那些古老的供應數字和機構流入。如果這些趨勢繼續下去，請為狂野的騎行做好準備。誰知道，也許有一天我們都會在我們的遊艇上品嚐香檳，這是由於我們百萬美元的比特幣提供的。在此之前，霍德（Hodl）繼續欣賞演出！