到2026年底，超过4000亿美元的机构资本将流入比特币

预计2025年将见证超过1,200亿美元的机构流入比特币。该数字预计在2026年将飙升至3000亿美元。

Institutions are expected to allocate more than $400 billion in capital to Bitcoin by the end of 2026, UTXO Management and Bitwise Asset Management predicted in a recent report.

预计到2026年底，机构有望将超过4000亿美元的资本分配给比特币，UTXO管理和近期报告中预测的位资产管理。

Aimed at diversifying government treasury assets, capital outflows from institutions into Bitcoin are expected to begin in earnest this year, with more than $120 billion in institutional flows to be seen in 2025. The figure is expected to soar to $300 billion in 2026.

为了使政府财政资产多样化，机构的资本外流预计今年将开始认真地开始，将在2025年看到超过1,200亿美元的机构流量。预计该数字将在2026年飙升至3000亿美元。

The investment should accumulate more than 4.2 million BTC during the period, the report says.

该报告说，在此期间，投资应累积超过420万BTC。

With President Donald Trump already announcing the establishment of a strategic Bitcoin reserve in March, there are state bills also that aim to convert seized Bitcoin into a treasury asset. More than 20 states, including New Hampshire and Arizona, are already exploring this possibility.

唐纳德·特朗普总统已经在3月宣布建立战略性比特币储备金，也有一些州法案，旨在将占领比特币转换为财政资产。包括新罕布什尔州和亚利桑那州在内的20多个州已经在探索这种可能性。

Once legislated, these bills could invite capital worth $19 billion into Bitcoin.

一旦立法，这些法案可能会邀请价值190亿美元的比特币。

At least five states in the U.S. and four other countries, such as Bhutan, are expected to factor in Bitcoin into their treasury strategy, according to the report.

该报告称，美国和其他四个国家（例如不丹）至少有五个州有望将比特币纳入其国库战略。

Bitcoin treasury companies such as Strategy (Nasdaq: MSTR) are set to acquire over 1 million BTC by the end of 2026. In fact, the number of such public companies is expected to more than double by then as geopolitical instability, fiat devaluation, and inflationary pressures rise.

诸如战略（NASDAQ：MSTR）之类的比特币财政公司将在2026年底之前收购超过100万BTC。实际上，随着地缘政治不稳定，法定贬值和通货膨胀压力，此类上市公司的数量预计将增加一倍以上。

Such treasury companies are expected to adopt Bitcoin-native yield strategies, such as lending, staking, etc., by 2026 to attract more investment.

预计此类财政公司将在2026年之前采用比特币本地收益策略，例如贷款，积分等，以吸引更多的投资。

“We’re entering a new era of Bitcoin adoption—one that is not driven by hype cycles, but by balance sheet fundamentals, sovereign strategy, and long-term fiduciary mandates,” UTXO Management's research lead Guillaume Girard said.

UTXO管理层的Guillaume Girard说：“我们进入了一个新的比特币采用时代，这不是由炒作周期驱动的，而是由资产负债表的基本面，主权策略和长期信托授权驱动。”

"Over the next 18 months, bitcoin is set to cement its role as a global store of value," Bitwise Asset Management's senior investment strategist Juan Leon said.

Bitwise Management的高级投资策略师Juan Leon说：“在接下来的18个月中，比特币将巩固其作为全球价值存储的作用。”