比特币可能会下跌——但 Bernstein 分析师仍然认为 BTC 正在突破 15 万美元大关 ⋆ ZyCrypto

尽管比特币近期跌破 2021 年 11 月高点，但全球投资公司 Bernstein 仍对其未来前景持乐观态度。 Bernstein 维持其预测，即到 2025 年底甚至更早，比特币将达到 15 万美元。该公司认为，近期的市场波动已经“清理”了过多的杠杆，对比特币 ETF 的需求将继续推高其价格。

Bernstein Forecasts Bitcoin Price to Reach $150,000 by 2025, Driven by ETF Inflows

Bernstein 预测，在 ETF 流入的推动下，比特币价格到 2025 年将达到 15 万美元

Despite Bitcoin (BTC) retreating from its record high of nearly $74,000 in March, global investment firm Bernstein remains bullish on the cryptocurrency, predicting a rise to $150,000 by the end of 2025 or sooner.

尽管比特币 (BTC) 从 3 月份接近 74,000 美元的历史高位回落，但全球投资公司 Bernstein 仍然看好这种加密货币，预计到 2025 年底或更早，其价格将升至 150,000 美元。

Bernstein's $150,000 BTC Price Call

Bernstein 的 150,000 美元比特币价格预测

In a report released on Monday, May 6, Bernstein analysts Gautam Chhugani and Mahika Sapra expressed renewed confidence in their $150,000 price target for Bitcoin by 2025, originally made last year. Despite recent market fluctuations, they believe that Bitcoin is far from reaching its peak.

在 5 月 6 日星期一发布的一份报告中，Bernstein 分析师 Gautam Chhugani 和 Mahika Sapra 表达了对比特币到 2025 年 15 万美元价格目标的信心，该目标最初是去年制定的。尽管最近市场出现波动，但他们认为比特币还远未达到顶峰。

"We believe we are in mere first quartile of this cycle, and the market has another 15-18 months before we consider this market topping out," the analysts stated.

分析师表示：“我们认为，我们仅处于本周期的第一个四分位，在我们认为市场见顶之前，市场还有 15-18 个月的时间。”

SEC Approval of Spot Bitcoin ETFs

美国证券交易委员会批准现货比特币 ETF

The analysts attributed the recent pullback in Bitcoin's price to a correction of excess leverage in futures contracts. However, they noted that the subsequent approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) has created a significant inflow of funds into the cryptocurrency.

分析师将比特币价格最近的回调归因于期货合约过度杠杆的修正。然而，他们指出，美国证券交易委员会（SEC）随后批准现货比特币 ETF，导致大量资金流入加密货币。

"Spot BTC ETFs recently saw cumulative net inflows after eight straight days of outflows," they reported. "Even Grayscale's converted GBTC ETF, which has lost billions since January, reversed its downward trajectory by recording its first net inflow of $63 million over the weekend."

他们报告称：“在连续八天流出之后，现货 BTC ETF 最近出现了累计净流入。” “即使是 Grayscale 转换后的 GBTC ETF，自 1 月份以来已经损失了数十亿美元，但在周末录得首次净流入 6300 万美元，扭转了下跌趋势。”

Increased Demand for ETF Products

ETF产品需求增加

Bernstein analysts believe that demand for ETF products will continue to drive up the price of Bitcoin. They explained that new spot ETFs have absorbed significant selling pressure from GBTC, indicating a growing appetite for regulated exposure to Bitcoin.

Bernstein分析师认为，ETF产品的需求将继续推高比特币的价格。他们解释说，新的现货 ETF 已经吸收了 GBTC 的巨大抛售压力，这表明人们对受监管的比特币敞口的兴趣日益增长。

"This is significant considering GBTC has been a source of significant and continued selling, which the new 9 ETFs have had to absorb, they explained.

他们解释说：“考虑到 GBTC 一直是大量持续抛售的来源，而新的 9 只 ETF 必须吸收这些抛售，这一点意义重大。”

External Endorsement

外部背书

Bernstein's bullish stance on Bitcoin is echoed by other industry experts. British multinational bank Standard Chartered predicted in April that Bitcoin could reach $150,000 by 2024 year-end due to the popularity and inclusion of ETFs in wider macro funds.

伯恩斯坦对比特币的看涨立场得到了其他行业专家的呼应。英国跨国银行渣打银行在 4 月份预测，由于 ETF 的受欢迎以及更广泛的宏观基金的纳入，比特币到 2024 年底可能会达到 15 万美元。

Disclaimer

免责声明

The information provided in this article represents the views and opinions of industry analysts and should not be construed as financial advice. Investors should conduct their own thorough research before making any investment decisions.

本文提供的信息代表行业分析师的观点和意见，不应被视为财务建议。投资者在做出任何投资决定之前应进行彻底的研究。