策略的创始人迈克尔·塞勒（Michael Saylor）说，不会再有比特币冬季

策略的创始人迈克尔·塞勒（Michael Saylor）表示，比特币将不再有冬天的冬季，拒绝了另一个长时间的加密经济衰退的想法。

Strategy's founder, Michael Saylor, says there won't be any more winters for Bitcoin (BTC), rejecting the idea of another prolonged crypto downturn.

策略的创始人迈克尔·塞勒（Michael Saylor）表示，比特币（BTC）将不再有任何冬季，而拒绝了另一个长时间的加密货币经济的想法。

In a Bloomberg interview, Saylor stated that Bitcoin's structural shift in supply and demand makes a return to "crypto winter" increasingly unlikely moving forward.

在彭博社的一次采访中，塞勒说，比特币在供求方面的结构性转移使得回到“加密冬季”越来越不可能前进。

His reasoning centers on supply pressure. With miners producing around 450 BTC per day, roughly US$50M (AU$76M) at current prices, Saylor believes consistent demand at that level forces the market higher. "If that $50 million is bought, then the price has got to move up," he said.

他的推理集中在供应压力上。由于矿工每天生产约450 BTC，目前价格为5000万美元（7600万美元），Saylor认为在该水平的需求持续一致会迫使市场更高。他说：“如果购买了5000万美元，那么价格就必须上涨。”

Strategy has been front-running that thesis for years. Since 2020, the firm has acquired 582,000 BTC, worth approximately US$63.85B (AU$98B) based on current data from Saylor Tracker.

多年来，策略一直是该论文的首要论文。自2020年以来，该公司已根据Saylor Tracker的当前数据收购了582,000 BTC，价值约63.85B $ 63.85B（AU $ 98B）。

The company recently doubled down on its Bitcoin purchase, acquiring over 700 BTC.

该公司最近购买了比特币的购买，收购了超过700 BTC。

Read More: These Companies Just Added Bitcoin to Their U.S. Holdings

阅读更多：这些公司只是在其美国持股中添加了比特币

Despite Volatility, Saylor Says Evidence Points in One Direction Only

塞勒说，尽管有波动性，但证据只朝着一个方向指向

Saylor did concede that volatility remains inevitable at higher levels. If Bitcoin does reach US$500K (AU$768K) or beyond, he said, drawdowns of US$200K (AU$308K) per coin would not be unrealistic. But he maintained that the long-term trend remains intact.

Saylor确实承认，波动性在较高水平上仍然不可避免。他说，如果比特币确实达到50万美元（AU $ 768K）或以上，则每枚硬币的累积量为20万美元（AU $ 308,000）不会是不现实的。但是他坚持认为，长期趋势仍然完好无损。

Saylor also pointed to political tailwinds. President Donald Trump's recent embrace of Bitcoin, coupled with calls for a more favorable regulatory stance, has added further momentum. He added that traditional banks, once largely absent from the market, are now preparing to offer BTC custody products as the regulatory tone shifts.

Saylor还指出了政治逆风。唐纳德·特朗普（Donald Trump）总统最近对比特币的拥抱，加上呼吁更有利的监管立场的呼吁，增加了势头。他补充说，传统的银行曾经在市场上主要缺席，现在正准备随着监管语调的变化提供BTC监护产品。

This is similar to ARK Invest's predictions. The firm lifted its top-end price for BT to target US$2.4M (AU$3.9M) by 2030, an increase of nearly US$1M (AU$1.56M) from its prior estimate. Likewise, the new downside and baseline scenarios were raised to US$500K and US$1.2M (AU$1.84M), respectively.

这类似于ARK Invest的预测。该公司在2030年将BT的最高价格提高了目标240万美元（AU 390万美元），从其先前的估计提高了近100万美元（AU 156万美元）。同样，新的缺点和基线方案分别提高到50亿美元和120万美元（AU 184万美元）。

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