一家公司的雪崩将使比特币成为主要国库资产，并将比特币推向新的高点。

没有一天的新公司将比特币制造出其主要财政部资产。根据马特·霍根（Matt Hougan）的说法，这种趋势有望加速

An avalanche of companies are about to make bitcoin their primary treasury asset and push bitcoin to new highs.

一批公司即将使比特币成为主要国库资产，并将比特币推向新的高点。

The Bitcoin Strategy

比特币策略

Not a day goes by without a new company making bitcoin their primary treasury asset. This trend is expected to accelerate according to Matt Hougan, director at Bitwise Asset Management, who anticipates BTC at $200,000.

没有新公司将比特币作为主要财政资产，没有一天过去了。根据Bitwise Management的董事Matt Hougan的说法，该趋势预计将加速，他预计BTC为20万美元。

Mr. Hougan stated on CNBC that the race has just begun and that thousands of companies will soon adopt bitcoin for their treasury. Today, 131 publicly traded companies collectively hold 819,000 bitcoins, nearly 4% of circulating BTC (88 billion $).

Hougan先生在CNBC上说，这场比赛才刚刚开始，成千上万的公司将很快采用比特币作为国库。如今，有131家公开交易的公司共同持有819,000比特币，占BTC循环的4％（880亿美元）。

Most of these companies are North American, but not only. China, Japan, Singapore, Germany, Korea, Brazil, and England are also involved. And even in France, with only one representative: Blockchain Group.

这些公司大多数是北美公司，但不仅是。中国，日本，新加坡，德国，韩国，巴西和英国也参与其中。甚至在法国，只有一个代表：区块链组。

There are 35 private companies holding nearly 300,000 bitcoins. Examples include Block, Tether, SpaceX, etc.

有35家拥有近30万比特币的私营公司。示例包括块，系绳，太空X等。

Matt Hougan attributes this “megatrend” to growing concerns about the value of the dollar threatened by increasing deficits and geopolitical confrontations.

马特·霍根（Matt Hougan）将这种“大趋势”归因于对赤字和地缘政治对抗受到威胁的美元价值的日益担忧。

For him, bitcoin is seen as a superior option to protect corporate wealth from monetary devaluation. “Companies that took the bold initiative to add bitcoin to their balance sheets are rewarded.”

对他来说，比特币被视为保护企业财富免受金钱贬值的优越选择。 “采取大胆倡议以将比特币添加到资产负债表中的公司得到奖励。”

Pioneers have already benefited from bitcoin’s rise from under $40,000 in January 2024 to $70,000 in June 2024.

先驱者已经从比特币从2024年1月的40,000美元上升到2024年6月的70,000美元。

For example, the 8,027 bitcoins purchased by Block between 2020 and 2024 are now worth 864 million dollars, a 300% increase. Conversely, the dollar has only appreciated by 2%.

例如，2020年至2024年之间由Block购买的8,027个比特币现在价值8.64亿美元，增长了300％。相反，美元只欣赏了2％。

Companies Have No More Choice

公司别无选择

There will never be more than 21 million bitcoins and 19.87 million are already in circulation, as shown in real time by this specialized dashboard. A striking contrast to the unlimited expansion of national currencies.

正如这个专业的仪表板实时表明，已经流通了2100万比特币和1987万比特币。与国家货币无限扩张形成鲜明对比。

Ultimately, everything stems from the difficulty of growing the economy (due to energy constraints). Without growth, the system is forced to incur ever more debt to honor political promises (e.g., pensions). The result is inflation.

最终，一切源于发展经济的困难（由于能源限制）。没有增长，该系统将被迫承担更多的债务来兑现政治诺言（例如，养老金）。结果是通货膨胀。

Thus, without drastic productivity increases, wages and pensions cannot keep pace. Debt/GDP ratios deteriorate, forcing central banks to buy back debt to neutralize the exponential effect of interest.

因此，如果没有急剧的生产率提高，工资和养老金就无法保持步伐。债务/GDP比率恶化，迫使中央银行购买债务，以中和利息的指数效应。

On this topic, don’t miss our article: French Debt Interest Explodes.

关于这个话题，不要错过我们的文章：法国债务利益爆炸。

Granted, AI offers prospects to boost productivity. But transport is (and will remain) the limiting factor for economic growth. Yet, 95% of transport runs on oil, whose supply is becoming increasingly uncertain, as highlighted in the Shift Project report on oil peak and shale oil.

当然，AI提供了提高生产力的前景。但是运输是经济增长的限制因素。然而，正如Shift Project关于石油峰值和页岩石油的报告中所强调的那样，95％的运输运输在石油上越来越不确定。

Here is a very interesting thread of five short videos on the subject (for English speakers):

这是一个关于该主题的五个简短视频的非常有趣的线程（对于说英语）：

States are aware of the consequences of this physical bottleneck on currency value. The giant fund Fidelity reminds in this study that the IMF publishes articles affirming central banks have no choice but to print money to artificially reduce the weight of national debts.

各州意识到这种物理瓶颈对货币价值的后果。巨型基金的保真度提醒在这项研究中提醒，国际货币基金组织发表的文章确认中央银行别无选择，只能打印金钱来人为地减轻国家债务的体重。

But companies are not states. Participating in the public debt Ponzi scheme is not mandatory. Bitcoin offers for the first time a simple, solid, and liquid alternative. It has never been easier for a company to place its treasury in bitcoin thanks to ETFs.

但是公司不是州。参加公共债务庞氏债计划不是强制性的。比特币首次提供简单，固体和液体替代品。借助ETF，公司将其财政部放在比特币上从未如此简单。

This booming treasury revolution suggests that $200,000 for one bitcoin is just around the corner.

这次蓬勃发展的财政革命表明，一只比特币的20万美元即将来临。

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Bitcoin, geopolitical, economic and energy journalist.

比特币，地缘政治，经济和能源记者。