在过去三年中，比特币（BTC）价格上涨了近240％

在过去的三年中，比特币（BTC -0.21％）的价格上涨了近240％，即使利率上升以及几个大令牌和交换的内爆，加密市场也很少。

Bitcoin (BTC) price has risen nearly 240% over the past three years, even as the crypto market grew colder with rising rates, the implosion of several big tokens, and the bankruptcy of major exchanges.

在过去的三年中，比特币（BTC）的价格上涨了近240％，即使加密货币市场的增长率越来越冷，几个大代币的内爆以及对主要交易所的破产。

Throughout that sell-off, which wiped out many of the smaller altcoins and meme coins, Bitcoin survived and emerged as the safest “blue chip” cryptocurrency to invest in. In 2024, the first spot price ETFs for Bitcoin were approved, and its latest “halving” decreased its mining rewards.

在整个抛售过程中，它消除了许多较小的AltCoins和Meme Coins，比特币幸存下来并成为最安全的投资“蓝芯片”加密货币。2024年，批准了比特币的第一个份额ETF，其最新的“降期”减少了矿业。

Moreover, President Trump’s victory in November drove many investors back toward Bitcoin, since his administration adopted more crypto-friendly policies than the Biden administration. President Trump also ordered the establishment of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile this March, while declining interest rates generated additional tailwinds for the broader crypto market.

此外，特朗普总统在11月的胜利将许多投资者带回了比特币，因为他的政府采取了比比顿政府采取的加密友好政策。特朗普总统还下令在今年3月建立战略性比特币储备金和美国数字资产库存，同时降低了利率为更广泛的加密货币市场带来了额外的逆风。

As Bitcoin hovers above $100,000 and trades just a few dollars below its record high, investors might be wondering if it’s time to finally take profits. However, some big institutions and investors expect its price to surge even higher over the next three years.

随着比特币徘徊在100,000美元以上，交易价格低于其创纪录的高处，投资者可能想知道是否该最终获得利润了。但是，一些大型机构和投资者预计，在未来三年中，其价格上涨甚至更高。

By 2028, Standard Chartered (STAN) claims its price could soar to $500,000 as its volatility decreases and its ETFs lock in more investors, while Maelstrom's Arthur Hayes expects its price to surge to $1 million as the devaluation of the U.S. dollar drives investors toward more alternative assets.

到2028年，标准特许（Stan）声称，随着波动性的降低，其ETF锁定在更多的投资者中，而梅尔斯特罗姆（Maelstrom）的亚瑟·海斯（Arthur Hayes）预计，随着美元的贬值将投资者推向更多替代资产，其价格可能会飙升至500,000美元。

We should take those bullish estimates with a grain of salt, but I personally think it could be wise to buy Bitcoin before 2028 for four simple reasons:

我们应该用一粒盐进行看涨的估计，但我个人认为，由于四个简单的原因，在2028年之前购买比特币可能是明智的：

1. The next Bitcoin halving

1。下一个比特币减半

Bitcoin underwent four halvings in 2012, 2016, 2020, and 2024. Each time those rewards were cut in half, it became increasingly difficult to mine Bitcoin for a profit. Back in 2012, traditional desktop GPUs could still be used to mine Bitcoin. But today, miners need to use powerful application-specific integrated circuits (ASICs) instead of GPUs.

比特币在2012年，2016年，2020年和2024年进行了四次中间。每次将这些奖励削减一半时，为了获利而挖掘比特币变得越来越困难。早在2012年，传统的桌面GPU仍然可以用来开采比特币。但是今天，矿工需要使用功能强大的特定应用程序集成电路（ASIC）而不是GPU。

Before its first halving, Bitcoin had a block reward of 50 tokens for each block they created. But after its four halvings, that "block reward cut" dropped to just 3.125 Bitcoins.

在第一次减半之前，比特币对他们创建的每个块的块奖励有50个令牌。但是在四次中间，“块奖励削减”下降到只有3.125个比特币。

The rising difficulty of mining Bitcoin will tighten its supply and slow down its production as it inches toward its maximum supply of 21 million Bitcoins. Approximately 19.7 million of those coins have already been mined, and the last one is expected to be mined in 2140.

挖掘比特币的上升难度将收紧供应，并放慢其生产，因为它的最大供应量为2100万比特币。这些硬币中大约有1,970万，预计最后一枚硬币将在2140年开采。

Bitcoin was trading at $63,800 right before its latest halving on April 19, 2024. It's risen nearly 70% since then, so it might be smart to load up on Bitcoin before its next four-year halving -- which is expected to occur in March or April 2028 and cut its block reward to just 1.5625 Bitcoins.

比特币的交易价格为63,800美元，直到2024年4月19日的最新减半。此后，它上升了近70％，因此在下一个四年半的半年中加载比特币可能是很明智的 - 预计将在2028年3月或4月发生，并将其块奖励切成1.5625个比特币。

2. Declining interest rates

2。利率下降

Bitcoin's price slumped in 2022 and 2023 as rising rates drove investors away from cryptocurrencies and other speculative plays. But in 2024, its price stabilized and rose again as the Federal Reserve cut its benchmark rates three times. The Fed hasn't cut its interest rates again in 2025, but it's still expected to execute at least two rate cuts this year.

比特币的价格在2022年和2023年下跌，因为上升的利率使投资者脱离了加密货币和其他投机性比赛。但是在2024年，由于美联储削减了三倍，其价格稳定下来并再次上涨。美联储在2025年没有再次降低利率，但预计今年至少将执行两次降低利率。

As interest rates decline, Bitcoin's price should rise as more investors pivot back toward the crypto market. Declining interest rates should also weaken the U.S. dollar -- and that trend could cause more investors to stock up on Bitcoin, gold, and other "safe-haven" assets.

随着利率下降，比特币的价格应上涨，因为更多的投资者将其转移到加密货币市场。利率下降也会削弱美元 - 这种趋势可能会导致更多的投资者在比特币，黄金和其他“避风港”资产上库存。

3. Its growing adoption as a national currency

3。它作为国货币的越来越多

Only two countries, El Salvador and Central African Republic, have adopted Bitcoin as a national currency so far. However, other nations facing severe inflation, currency devaluation issues, sanctions, and debt problems could follow their lead. If that happens, Bitcoin could gain more momentum as a global alternative to fiat currencies.

到目前为止，只有两个国家（El Salvador和中非共和国）将比特币作为一种国家货币。但是，其他面临严重通货膨胀，货币贬值问题，制裁和债务问题的国家可能会遵循其领导。如果发生这种情况，比特币可以作为法定货币的全球替代品获得更多的动力。

4. Rising institutional ownership

4。机构所有权的上升

Most institutional investors with exposure to Bitcoin only allocate low-single-digit percentages of their portfolios to the cryptocurrency. But that could shift over the next few years as traditional investment firms like Fidelity, Schwab, and BlackRock add more support for Bitcoin across the retail brokerages and retirement accounts.

大多数接触比特币的机构投资者仅将其投资组合的低单位数字分配给加密货币。但这可能会在未来几年内发生变化，因为Fidelity，Schwab和Blackrock等传统投资公司在零售经纪公司和退休帐户中为比特币提供了更多支持。

Assuming those institutional investors start allocating more than 5% of their portfolios to Bitcoin, its price could skyrocket and ignite another "fear of missing out" (FOMO) buying frenzy. If that happens, the market's leading Bitcoin ETFs should attract more institutional investors who don't want to deal with the risks of directly holding the cryptocurrency in a digital wallet. Other countries -- including the U

假设这些机构投资者开始将超过5％的投资组合分配给比特币，其价格可能会飙升，并点燃了另一个“害怕错过”（FOMO）购买Frenzy。如果发生这种情况，市场领先的比特币ETF应该吸引更多的机构投资者，他们不想应对直接在数字钱包中直接持有加密货币的风险。其他国家 - 包括U