Bitwise Cio Matt Hougan说，比特币（BTC）处于其自然进化的下一阶段。

Crypto资产管理公司Bitwise的CIO表示，比特币（BTC）正在经历其自然进化的下一阶段。

The CIO of crypto asset management firm Bitwise says Bitcoin (BTC) is going through the next phase of its natural evolution.

Crypto资产管理公司的CIO Bitwise表示，比特币（BTC）正在经历其自然进化的下一阶段。

In a new Crypto Prime interview, Matt Hougan explains a key difference between the current Bitcoin bull market and the one heating up in 2020.

马特·霍根（Matt Hougan）在一次新的Crypto Prime采访中解释了当前的比特币牛市与2020年暖气的关键区别。

According to Hougan, the current market cycle is being driven by major institutions as they lay the groundwork for the king crypto to evolve into a trusted store of value.

据霍根说，当前的市场周期是由主要机构驱动的，因为它们为国王加密货币奠定了基础，使其发展成为值得信赖的价值存储。

"The Bitcoin of today really is different than the Bitcoin of five years ago. That was a Bitcoin driven by retail investors and crypto-native investors. This is increasingly a Bitcoin driven by institutions, corporations, governments and macro hedge funds.

“今天的比特币确实与五年前的比特币不同。这是由零售投资者和加密本地投资者驱动的比特币。这是由机构，公司，政府和宏观对冲基金驱动的比特币。

And you're seeing it behave differently. You're seeing it behave more like a hedge asset. I think it's maturing before our eyes. Bitcoin's a teenager. It's 15 years old. It's in a transition phase from a risk asset to a hedge asset. But I think that's the direction of travel. I think you're going to see it act like that more and more in the future.

而且您看到它的行为不同。您认为它的行为更像是树篱资产。我认为这是在我们眼前的成熟。比特币是一个少年。已经15岁了。它处于从风险资产到对冲资产的过渡阶段。但是我认为这是旅行的方向。我认为您将来会越来越多地行事。

And as it does, it's going to bring more investors into it because it's a really useful tool in the macro quiver."

而且，它将带来更多的投资者，因为它是宏Quiver中真正有用的工具。”