比特币正在进入机构统治的新时代，到2026年结束时，资本流入预计将超过4000亿美元

位资产管理和UTXO管理的新分析表明，比特币正在进入机构优势的新时代

A fresh analysis by Bitwise Asset Management and UTXO Management predicts that Bitcoin is set to enter a new era of institutional dominance, with capital inflows exceeding $400 billion by the end of 2026.

Bitwise Asset Management和UTXO管理的全新分析预测，比特币将进入机构优势的新时代，到2026年底，资本流入超过4000亿美元。

As reported by Blockworks, the report, titled "Institutions Are Coming For Bitcoin," anticipates that institutional investors—ranging from sovereign entities to publicly traded firms—will collectively hold over 4.2 million BTC within the next two years.

正如Blockworks报道的那样，该报告的标题为“机构正在为比特币出现”，预计从主权实体到公开交易的公司的机构投资者将在未来两年内共同持有超过420万BTC。

This momentum is expected to accelerate sharply, with $120 billion in capital inflows projected for 2025 and another $300 billion for 2026 alone.

预计这一势头将急剧加速，预计2025年的资本流入为1200亿美元，仅2026年就有3000亿美元。

A substantial portion of this growth is being driven by government-backed strategies. Following U.S. President Donald Trump’s announcement of plans for a national Bitcoin reserve, more than 20 states are considering legislation to convert seized digital assets into official holdings.

这种增长的很大一部分是由政府支持的战略驱动的。在美国总统唐纳德·特朗普（Donald Trump）宣布针对国家比特币储备计划的计划之后，有20多个州正在考虑立法将被清除的数字资产转换为官方持股。

Early movers like Arizona and New Hampshire could unlock an additional $19 billion in capital if such bills pass.

如果此类账单通过，例如亚利桑那州和新罕布什尔州等早期搬家工具可以释放190亿美元的资本。

This analysis builds upon Bitwise’s prior predictions of $100 billion in institutional money flowing into cryptocurrencies by 2024. However, the new report suggests that this milestone could be reached even sooner than anticipated.

这项分析基于Bitwise先前对到2024年流向加密货币的1000亿美元的机构资金的预测。但是，新报告表明，这一里程碑甚至可以比预期的要早得多。

The report also highlights the increasing participation of U.S. states and countries like Bhutan, which is expected to launch its own sovereign Bitcoin reserve by 2026.

该报告还强调了美国州和不丹等国家的参与，预计到2026年将推出自己的主权比特币储备。

Moreover, companies such as MicroStrategy are projected to collectively amass more than 1 million BTC, with a greater focus on yield-generating strategies like lending and staking.

此外，诸如MicroStrategy之类的公司预计将集体积累超过100万BTC，更加专注于产生产生的策略，例如贷款和积累。

“This isn’t just another crypto cycle—it’s structural adoption,” said Guillaume Girard of UTXO Management.

UTXO Management的Guillaume Girard说：“这不仅是另一个加密周期，而且是结构性采用。”

Bitwise strategist Juan Leon further noted that Bitcoin is rapidly becoming a fundamental building block for long-term value preservation across both public and private balance sheets.

比特战略家胡安·莱昂（Juan Leon）进一步指出，比特币正迅速成为公共和私人资产负债表长期保存的基本基础。