Bitmex创始人说，比特币的最佳日子在遥不可及 - 这就是为什么

Bitmex联合创始人Arthur Hayes相信比特币的价格可能会在未来几年内攀升至100万美元，这是由宏观经济部队和转移投资者情绪转移的。

BitMEX co-founder Arthur Hayes has expressed optimism over Bitcoin's future price potential, reaching over $1 million within a few years due to a confluence of macroeconomic factors and shifting investor sentiment.

Bitmex联合创始人Arthur Hayes对比特币的未来价格潜力表示乐观，由于宏观经济因素和转移投资者的情绪，在几年内达到了超过100万美元。

In a recent interview, Hayes highlighted the expanding U.S. government debt and the ensuing monetary easing as key drivers for Bitcoin's bullish trajectory.

在最近的一次采访中，海斯强调了美国政府债务的不断扩大，随后的货币放宽是比特币的看涨轨迹的关键驱动力。

Contrasting the political parties' lack of focus on fiscal discipline, Hayes asserted that neither party has proposed any real solutions to reduce the deficit.

与政党对财政纪律的关注相比，海耶斯声称，既没有一方都提出了任何真正的解决方案来减少赤字。

"The trajectory of the deficit is still massively upward, whether it’s Biden or Trump or whoever else is in charge, both parties agree on this. Both parties agree that we're going to keep spending more and more money," Hayes said.

海斯说：“赤字的轨迹仍然大大向上，无论是拜登还是特朗普，还是其他负责人，双方都同意。双方都同意，我们将继续花费越来越多的钱。”

Citing rising costs tied to entitlement programs, defense spending, and growing interest payments, he noted that both parties are in agreement on continuing to increase spending despite the ballooning deficit.

他援引与权利计划，国防支出和不断增长的利息支付相关的上涨成本，他指出，尽管存在赤字，双方都同意继续增加支出。

"We're going to keep spending more and more money. Both parties agree on this. Both parties agree that we're going to have a massively structurally unbalanced budget, where we're going to have to keep cutting programs or raising taxes to levels that would really hamper economic activity," Hayes added.

Hayes补充说：“我们将继续花费越来越多的钱。双方都同意这一同意。双方都同意，我们将拥有大量结构上不平衡的预算，我们将不得不继续削减计划或将税收提高到真正妨碍经济活动的水平。”

According to Hayes, the structural spending pressures—such as increased military budgets and mandatory payments like Social Security and Medicare—make it nearly impossible for the U.S. government to cut back without triggering serious disruption.

据海斯说，结构性支出压力，例如增加的军事预算和社会保障和医疗保险等强制性付款 - 使美国政府几乎不可能在不引发严重破坏的情况下减少退缩。

This unsustainable path, he suggests, will lead to further devaluation of the dollar, making Bitcoin an attractive hedge for institutions and individuals alike, especially in an era of U.S. global dominance coming to an end.

他认为，这条不可持续的道路将导致美元进一步贬值，使比特币成为机构和个人的有吸引力的树篱，尤其是在美国全球统治地位的时代。

"It's really a perfect storm for Bitcoin. We're also now seeing Bitcoin enter the institutional mainstream in a big way with the status of a strategic reserve asset, which is really the last figment of Bitcoin optimism that we need to see play out for the price to really, truly, massively increase."

“对于比特币来说，这确实是一场完美的风暴。我们现在也看到比特币以战略储备资产的状态以很大的方式进入机构主流，这确实是比特币乐观的最后一个小数字，我们需要看到，这是真正，真正，大量增长的价格。”

He also emphasized that Bitcoin's growing status as a strategic reserve asset is now entering the institutional mainstream.

他还强调，比特币作为战略储备资产的日益增长的地位现在正在进入机构主流。

With regulated ETFs now trading and an evolving perception of Bitcoin as a safe-haven asset, Hayes believes the digital currency is transitioning from a speculative bet to a long-term macro hedge — particularly in an era of waning U.S. global dominance.

由于受管制ETF的交易和对比特币作为避风港资产的不断发展的看法，海斯认为，数字货币正在从投机性赌注过渡到长期的宏观对冲，尤其是在美国全球统治地位的时代。

"It's really a perfect storm for Bitcoin. We're also now seeing Bitcoin enter the institutional mainstream in a big way with the status of a strategic reserve asset, which is really the last figment of Bitcoin optimism that we need to see play out for the price to really, truly, massively increase."

“对于比特币来说，这确实是一场完美的风暴。我们现在也看到比特币以战略储备资产的状态以很大的方式进入机构主流，这确实是比特币乐观的最后一个小数字，我们需要看到，这是真正，真正，大量增长的价格。”

According to BitMEX co-founder Arthur Hayes, the macroeconomic trends and shifting narratives create a unique environment where Bitcoin could experience a "generational wealth transfer" over the next few years.

根据Bitmex联合创始人Arthur Hayes的说法，宏观经济趋势和叙事的变化创造了一个独特的环境，比特币在未来几年内可以体验“世代相传的财富转移”。