比特币（BTC）正在经历巨大的激增，截至2025年5月3日，交易约为96,856美元

比特币（BTC）正在经历巨大的激增，截至2025年5月3日上午916年，交易约为96856美元

Bitcoin (BTC) price is up 63.8 percent for the year. Here's a look at what's driving the crypto's gains and what analysts are saying about where the coin could trade by the end of 2025.

比特币（BTC）的价格上涨了63.8％。以下是什么是什么推动了加密货币的收益，以及分析师在2025年底之前可以在哪里进行交易的分析师所说的。

Bitcoin (BTC) is trading at the $96,856 price level on May 3 at 9:16 a.m. ET.

比特币（BTC）的交易价格为5月3日上午9:16的96,856美元。

Bitcoin is up 63.8 percent from the same time last year.

比特币比去年同期增长了63.8％。

Bitcoin is surging in 2024. The crypto is trading at a massively inflated price compared to last year. A combination of institutional investments, on-chain analytics, and macroeconomic factors have pushed analysts to set ambitious price targets for the cryptocurrency by the end of 2025.

比特币在2024年飙升。与去年相比，加密货币的交易价格大量膨胀。机构投资，链分析和宏观经济因素的结合促使分析师在2025年底之前设定了加密货币的雄心勃勃的目标目标。

Here's a closer look at what's driving Bitcoin's gains and what analysts are saying about the crypto's future price.

仔细研究了驱动比特币的收益以及分析师对加密货币未来价格的评价。

Major financial institutions are increasingly investing in Bitcoin, which may be contributing to its recent price gains. In April, Cathie Wood's investment firm, ARK Invest, revealed in a new filing with the Securities and Exchange Commission (SEC) that it had acquired a new stake in MicroStrategy (NASDAQ:MSTR).

主要的金融机构越来越多地投资比特币，这可能会导致其最近的价格上涨。 4月，Cathie Wood的投资公司ARK Invest在向美国证券交易委员会（SEC）的一份新文件中透露，它已获得了MicroStrategy的新股份（NASDAQ：MSTR）。

ARK Invest's move comes as several institutions are making significant commitments to Bitcoin. Earlier in April, reports surfaced that the hedge fund manager George Soros had passed control of his family office to his son, Alex Soros, who is known for his interest in cryptocurrency.

ARK Invest的举动是随着一些机构对比特币做出重大承诺的。 4月初，有报道称，对冲基金经理乔治·索罗斯（George Soros）将其家庭办公室的控制权交给了儿子亚历克斯·索罗斯（Alex Soros），他以对加密货币的兴趣而闻名。

On-chain data provides further evidence of Bitcoin's bullish momentum. As of March 2024, the Bitcoin hasHash Rate reached a new all-time high, indicating increased hasher activity and overall network security.

链上数据提供了比特币看涨势头的进一步证据。截至2024年3月，比特币Hashash速率达到了新的历史最高水平，表明HASHER活动和整体网络安全。

Additionally, on-chain analytics firm Glassnode highlighted that BTC's Netflow has remained positive for 24 consecutive weeks. This metric measures the total value of coins entering and leaving exchanges. A positive reading suggests that more coins are flowing off exchanges into hardware wallets, which is often seen as a bullish indicator.

此外，On-Chain Analytics公司GlassNode强调，BTC的NetFlow连续24周保持阳性。该指标衡量进入和离开交易所的硬币的总价值。积极的阅读表明，更多的硬币正在将交换流入硬件钱包中，这通常被视为看涨指标。

Several analysts have set price targets for Bitcoin by the end of 2025. In February, Mike Novogratz, the CEO of crypto hedge fund and investment firm Galaxy Holdings, said that he sees Bitcoin trading at the $100,000 price level by the end of 2024.

几位分析师到2025年底已经设定了比特币的价格目标。2月，Crypto对冲基金和投资公司Galaxy Holdings的首席执行官Mike Novogratz表示，他认为到2024年底，他认为比特币的交易价格为100,000美元。

In March, crypto analyst Il Capo di Via broke down a Fibonacci sequence that suggests Bitcoin could surge to the $200,000 price range by December 2025.

3月，加密分析师IL Capo di通过裂解了一个斐波那契序列，该序列表明，到2025年12月，比特币可能会飙升至200,000美元的价格范围。

Another analyst, eMarketer, set a more conservative price target of $60,000 for Bitcoin by the end of 2025.

另一位分析师Emarketer在2025年底将比特币的价格目标定为60,000美元。

Bitcoin's price movement will depend on several key elements, including macroeconomic conditions, on-chain metrics, and institutional adoption.

比特币的价格变动将取决于几个关键要素，包括宏观经济条件，链界指标和机构采用。

Rising interest rates and inflation have supported the dollar and put pressure on equities and cryptocurrencies throughout 2022. However, in 2024, the S&P 500 is up 12.4 percent, while Bitcoin has experienced even more significant gains.

利率和通货膨胀率上升支持了美元，并向整个2022年的股票和加密货币施加了压力。但是，在2024年，标准普尔500指数上涨了12.4％，而比特币的增长更加显着。

As macroeconomic trends continue to unfold, they will undoubtedly impact Bitcoin's price trajectory in the months ahead.

随着宏观经济趋势的不断发展，它们无疑会在未来几个月内影响比特币的价格轨迹。

Several analysts prefer to focus on on-chain metrics to gauge Bitcoin's market strength. These metrics provide insights into the cryptocurrency's supply and demand dynamics, which are less affected by short-term price volatility.

几位分析师宁愿专注于链度指标来评估比特币的市场实力。这些指标提供了对加密货币供求动态的见解，这些供求动态受到短期价格波动的影响较小。

On-chain analysis firm Glassnode highlighted that BTC's Netflow has remained positive for 24 consecutive weeks. This metric measures the total value of coins entering and leaving exchanges. A positive reading suggests that more coins are flowing off exchanges into hardware wallets, which is often seen as a bullish indicator.

链分析公司玻璃节点强调，BTC的NetFlow连续24周保持阳性。该指标衡量进入和离开交易所的硬币的总价值。积极的阅读表明，更多的硬币正在将交换流入硬件钱包中，这通常被视为看涨指标。

According to Glassnode, this sustained positive Netflow is a rare occurrence. The last time it happened for this long was in 2017, during the previous bull market.

根据GlassNode的说法，这种持续的阳性净流是罕见的。这次很长时间发生的是在2017年，在上一个牛市上。

Bitcoin is also known for its limited supply, with only 21 million coins to be mined. This scarcity is often cited as a reason why some investors prefer Bitcoin over traditional assets like stocks or bonds.

比特币还以有限的供应量而闻名，只有2100万枚硬币即可开采。这种稀缺通常被认为是某些投资者更喜欢比特币而不是股票或债券等传统资产的原因。

Those who believe in the long-term value of Bitcoin are expected to continue holding onto their coins, which could limit the amount of selling pressure on the cryptocurrency.

那些相信比特币长期价值的人预计将继续坚持自己的硬币，这可能会限制加密货币的销售压力。

Several institutional investors have made significant investments in Bitcoin, aiming for substantial returns on their investments.

一些机构投资者已经对比特币进行了大量投资，旨在对其投资进行大量回报。

For instance, ARK Invest, the investment firm founded by Cathie Wood, disclosed in a recent filing with the SEC that it had acquired a new stake in MicroStrategy (NASDAQ:MSTR).

例如，由Cathie Wood创立的这家投资公司Ark Invest在最近向SEC的一份文件中披露，它已获得了MicroStrategy的新股份（NASDAQ：MSTR）。

MicroStrategy, a software firm, made headlines in 2020 when it began purchasing Bitcoin as part of its treasury management strategy. Since then, Microstrategy has continued to buy Bitcoin, and its CEO, Michael Saylor, has become a vocal supporter of the cryptocurrency.

软件公司MicroStrategy在2020年开始购买比特币作为其国库管理策略的一部分时成为头条新闻。从那时起，MicroStrategy继续购买比特币，其首席执行官Michael Saylor已成为加密货币的声音支持者。

According to the SEC filing, ARK Invest's bought 96,6

根据SEC文件，方舟投资购买了96,6