根据Bitwise Cio Matt Hougan的数据

Bitwise首席投资官Matt Hougan表示，比特币最近的集会可能只是开始，他看到了一年一度的主要加密货币达到一倍以上的价值一倍以上。

Bitcoin’s recent rally may just be the beginning, according to Bitwise Chief Investment Officer Matt Hougan, who sees a path for the leading cryptocurrency to more than double in value by year-end.

Bitwise首席投资官Matt Hougan表示，比特币最近的集会可能只是开始，他看到了一年一度的主要加密货币达到一倍以上的价值一倍以上。

Speaking during an interview on the David Lin Show, Hougan outlined several converging trends that could send BTC soaring past $200,000 in the coming months.

霍根（Hougan）在戴维·林（David Lin）节目的采访中发表讲话，概述了几种融合趋势，这些趋势可能会使BTC在未来几个月中飙升了200,000美元。

Despite a 20% climb over the past month, Hougan believes Bitcoin remains undervalued due to lingering economic uncertainty that’s weighed on risk assets across the board. He argues that once macro headwinds settle, the market will begin to reflect a wave of positive developments that have yet to be fully priced in.

尽管在过去一个月中攀升了20％，但霍根（Hougan）认为，由于经济不确定性持续存在，比特币仍被低估，而经济不确定性持续了整体风险资产。他认为，一旦宏观逆风解决，市场将开始反映出尚未完全定价的积极发展浪潮。

These include increasing government interest in holding Bitcoin, clearer regulatory frameworks in key markets, and the ongoing flow of capital from institutional investors. “All of that,” Hougan noted, “sets the stage for explosive growth.”

其中包括政府对拥有比特币的兴趣增加，在主要市场中更清晰的监管框架以及从机构投资者那里持续的资本流动。 Hougan指出：“所有这些都为爆炸性增长奠定了基础。”

The key metric, he emphasized, is demand. With supply fixed and predictable, the real drivers will be ETF inflows, corporate acquisitions of BTC, and potential sovereign-level accumulation. If all three continue to gain momentum, Hougan believes a six-figure Bitcoin becomes not just likely, but inevitable.

他强调，关键指标是需求。有了固定和可预测的供应，真正的驱动因素将是ETF流入，BTC的公司收购以及潜在的主权级别的积累。如果这三个人继续取得动力，霍根（Hougan）认为，六位数的比特币不仅会使比特币变得不可避免，而且是不可避免的。