預期比特幣減半將釋放前所未有的供應動力，推動價格飆升

Bitwise 執行長 Hunter Horsley 表示，即將到來的 2024 年 4 月比特幣減半事件有可能導致加密貨幣歷史上的供需發生重大變化。霍斯利預測，由於減半而導致的代幣供應預期減少，加上當前機構需求的增加，可能會導致比特幣價格大幅上漲。他估計供應量減少至少是上次減半的三倍，潛在影響為每天 3,200 萬美元和每年 110 億美元。

Anticipated Bitcoin Halving May Trigger Unprecedented Supply Dynamics and Price Surge

預期的比特幣減半可能會引發前所未有的供應動態和價格飆升

Over the past week, Bitcoin (BTC) has experienced substantial gains, rising by 9.34% to reach values above $71,000, according to data provided by CoinMarketCap. The cryptocurrency market eagerly anticipates the potential price appreciation that this ongoing bull cycle may bring.

根據 CoinMarketCap 提供的數據，過去一周，比特幣 (BTC) 經歷了大幅上漲，上漲 9.34%，達到 71,000 美元以上。加密貨幣市場熱切期待當前牛市週期可能帶來的潛在價格升值。

However, Bitwise CEO Hunter Horsley has recently offered insights into the immediate future, suggesting that the upcoming halving event could profoundly alter Bitcoin's trading history due to a substantial reduction in the token's supply.

然而，Bitwise 執行長 Hunter Horsley 最近提出了對不久的將來的見解，表明即將到來的減半事件可能會因代幣供應量大幅減少而深刻改變比特幣的交易歷史。

Bitcoin Halving to Exacerbate Supply Reduction and Fuel Demand

比特幣減半加劇供應減少和刺激需求

In a March 29 X-post, Horsley emphasized that the Bitcoin halving event scheduled for April 2024 could have unprecedented effects on the asset's supply and demand dynamics. Bitcoin halving refers to a recurring event every four years where the block reward for BTC miners diminishes by half.

Horsley 在 3 月 29 日的 X-post 中強調，定於 2024 年 4 月舉行的比特幣減半事件可能會對資產的供需動態產生前所未有的影響。比特幣減半是指每四年重複發生一次的事件，比特幣礦工的區塊獎勵減少一半。

Horsley's predictions are based on the previous halving in 2020, when BTC's price was approximately $9,000. He observed a significant decline in Bitcoin's token supply following the halving, amounting to approximately $9 million per day and $3 billion annually.

Horsley 的預測是基於 2020 年減半，當時 BTC 的價格約為 9000 美元。他觀察到減半後比特幣的代幣供應量大幅下降，每天約 900 萬美元，每年約 30 億美元。

Given that Bitcoin's current price hovers around $70,000, Horsley anticipates that the upcoming supply reduction will be at least three times larger in monetary terms, estimated to reach $32 million per day and $11 billion annually.

鑑於比特幣目前的價格徘徊在 7 萬美元左右，Horsley 預計即將到來的供應量減少將至少是貨幣的三倍，預計每天將達到 3,200 萬美元，每年將達到 110 億美元。

He predicts that the massive supply reduction will coincide with a decrease in natural selling pressure from miners, driven by the higher Bitcoin price. Furthermore, Horsley notes that this trend will align with the ongoing increase in institutional demand.

他預測，在比特幣價格上漲的推動下，供應量的大幅減少將與礦商自然拋售壓力的減少同時發生。此外，霍斯利指出，這一趨勢將與機構需求的持續成長一致。

Collectively, these factors suggest that Bitcoin is likely to experience a significant price surge following the halving event. In February, Horsley forecasted that BTC could reach $250,000 sooner than anticipated due to investor demand fueled by the introduction of the Bitcoin spot ETF.

總的來說，這些因素表明比特幣在減半事件後可能會經歷大幅價格飆升。今年 2 月，霍斯利預測，由於比特幣現貨 ETF 的推出推動了投資者需求，比特幣可能會比預期更早達到 25 萬美元。

Current Bitcoin Market Overview

當前比特幣市場概況

At the time of writing, BTC is trading at $70,000, marking a 0.65% loss over the past day. Despite this slight decline, the cryptocurrency has gained 10.45% on its monthly chart following the price correction in February.

截至撰寫本文時，BTC 交易價格為 70,000 美元，較過去一天下跌 0.65%。儘管略有下跌，但在 2 月價格調整後，該加密貨幣在月度圖表上已上漲 10.45%。

Meanwhile, BTC's trading volume has decreased by 23.16%, currently valued at $24.67 billion. With a market capitalization of approximately $1.1 trillion, Bitcoin remains the world's largest cryptocurrency.

同時，BTC交易量下降了23.16%，目前價值246.7億美元。比特幣的市值約為 1.1 兆美元，仍然是世界上最大的加密貨幣。

Conclusion

結論

As the Bitcoin halving event draws near in April 2024, market analysts anticipate that it could have a profound impact on the cryptocurrency's supply and demand dynamics. The expected reduction in token supply, coupled with the current surge in institutional demand, suggests that Bitcoin may be poised for a substantial price increase in the aftermath of the halving.

隨著 2024 年 4 月比特幣減半事件的臨近，市場分析師預計這可能會對加密貨幣的供需動態產生深遠影響。代幣供應的預期減少，加上當前機構需求的激增，表明比特幣價格可能會在減半後大幅上漲。