Bitwise和UTXO管理已预测，比特币（BTC）供应总额的20％

Bitwise和UTXO管理层预测，比特币（BTC）供应的20％将在公司组织的资产负债表上

A new report by Bitwise and UTXO Management predicts that 20% of the total Bitcoin (BTC) supply could be on the balance sheets of corporate organizations by the end of next year.

Bitwise和UTXO管理层的一份新报告预测，在明年年底之前，比特币（BTC）供应的20％可能是在公司组织的资产负债表上。

The study, titled “Bitwise & UTXO Management: IncInstitutions and U.S. States to Integrate Bitcoin,” highlights a significant shift in how institutional investors like wealth managers, sovereign wealth funds, and corporations are approaching Bitcoin accumulation.

该研究的标题为“ Bitwise＆Utxo管理：Incinstistions and US州以整合比特币”，重点介绍了诸如财富管理人员，主权财富基金和公司等机构投资者如何接近比特币积累的方式发生了重大转变。

Institutions to Acquire 4.2M BTC as Nations and U.S. States Expand Crypto Reserves

随着国家和美国国家扩大加密储备金，收购4200万BTC的机构

The report predicts that institutions will acquire over 4.2 million BTC by the end of next year. It predicts that public companies will own more than 1 million BTC, which would be a double of their current holdings.

该报告预测，到明年年底，机构将收购超过420万BTC。它预测上市公司将拥有超过100万BTC，这将是他们目前持有的两倍。

With sovereign nations and the United States increasingly considering this cryptocurrency as a reserve asset, at least five more states and four more nations will likely add BTC to their official reserves.

随着主权国家和美国越来越多地将这种加密货币视为储备资产，至少五个州和四个国家可能会增加BTC的官方储备。

The report also mentions a few pending legislative actions, like the proposed Bitcoin act, could accelerate this trend. If passed, the act allows the U.S. Government to purchase one million BTC, which would be a precedent case worldwide and reduces market volatility.

该报告还提到，如拟议的比特币法案，如有一些未决的立法行动，可以加速这一趋势。如果通过，该法案允许美国政府购买一百万BTC，这将是全球范围的先例案例，并降低了市场波动。

“The leading cryptocurrency has become a part of most institutions’ portfolios as they’ve recognized it as a hedge against currency devaluation and economic instability,” said Juan Leon, a top-level executive at Bitwise.

Bitwise的顶级高管胡安·莱昂（Juan Leon）说：“主要的加密货币已成为大多数机构投资组合的一部分，因为他们已经将其视为货币贬值和经济不稳定的对冲。”

In addition, several wealth management companies like Charles Schwab, Vanguard, and BlackRock are also expanding access to Bitcoin through ETFs. Institutions seeking greater returns are exploring new BTC-native financial products such as BTCH, a yield-generating strategy being developed by Bitwise.

此外，查尔斯·施瓦布（Charles Schwab），先锋和贝莱德（Blackrock）等几家财富管理公司也通过ETF扩大了对比特币的访问。寻求更多回报的机构正在探索新的BTC新金融产品，例如BTCH，BTCH是一种由BTWISE制定的产生产生的策略。

How Accumulation Fuels Bitcoin’s Rise as a Primary Store of Value

积累如何为比特币的上升作为价值的主要存储

Corporations like Metaplanet and Strategy (founded by Michael Saylor) are using similar yield methods to boost their reserves without issuing any equity.

Metaplanet和战略（由Michael Saylor创立）等公司正在使用类似的产量方法来提高其储备，而无需发行任何权益。

The report also predicts that with rising demand, the coin’s scarcity which is limited to 21 million coins could reshape global finance.

该报告还预测，随着需求的增加，硬币的稀缺性限制为2100万枚硬币可以重塑全球财务。

“As institutions are increasingly integrating BTC into their investment strategies, we're likely to see even more units of the cryptocurrency being locked away in the coming year,” the authors stated.

作者说：“随着机构越来越多地将BTC整合到他们的投资策略中，我们很可能会看到更多的加密货币单位在来年被锁定。”

The authors called this a game-theory loop, where each accumulation reduces the coin’s circulating supply. They pressure others to act, even though the huge accumulations will keep causing a rise in the cryptocurrency’s price.

作者称这为游戏理论循环，每个累积都会减少硬币的循环供应。他们向其他人施加压力，即使巨大的积累将不断提高加密货币的价格。

Bitwise and UTXO believe that the BTC accumulation trend among institutions, companies, and nations would further push the cryptocurrency’s adoption beyond speculative trading into investment strategies.

Bitwise和UTXO认为，机构，公司和国家之间的BTC积累趋势将进一步将加密货币的采用超出投机性交易，将其推向投资策略。