伯恩斯坦肯定了比特幣的樂觀態度，預計價值將大幅飆升

儘管近期比特幣ETF 流量下滑，但研究公司Bernstein 對該資產的未來價值仍持樂觀態度，預計到2025 年將大幅上漲至15 萬美元。並預計隨著ETF 在金融領域獲得更廣泛的接受，比特幣ETF 的價值將強勁上升。他們強調人們越來越認識到比特幣作為投資組合的組成部分，並預計以太坊在預期的監管決定之後可能會飆升。

Bernstein Maintains Optimism for Bitcoin, Predicts Significant Value Surge

伯恩斯坦對比特幣保持樂觀，預測價值大幅飆升

Despite a recent slowdown in spot Bitcoin exchange-traded fund (ETF) flows, research and brokerage firm Bernstein remains bullish on the leading cryptocurrency, anticipating a substantial increase in its value over the long term.

儘管最近現貨比特幣交易所交易基金（ETF）流量放緩，但研究和經紀公司伯恩斯坦仍然看好這種領先的加密貨幣，預計其價值將在長期內大幅上漲。

Temporary Slowdown in ETF Flows

ETF 流量暫時放緩

In a recent client note, Bernstein analysts Gautam Chhugani and Mahika Sapra acknowledged the decline in Bitcoin ETF inflows but emphasized that it should not be interpreted as a cause for concern. They characterized the current slowdown as a brief pause and expect a robust uptick in the future.

在最近的一份客戶報告中，伯恩斯坦分析師 Gautam Chhugani 和 Mahika Sapra 承認比特幣 ETF 流入量下降，但強調這不應被解釋為令人擔憂的原因。他們將當前的放緩描述為短暫的停頓，並預計未來將出現強勁增長。

The analysts pointed out that Bitcoin's year-to-date returns remain impressive, standing at approximately 46%, even after a slight dip in daily inflows since reaching a peak in March. They believe that over time, as ETFs become more integrated across various financial platforms, such as private banks and wealth advisory services, the decline in inflows will reverse.

分析師指出，儘管自 3 月達到高峰以來每日流入量略有下降，但比特幣今年迄今的回報率仍然令人印象深刻，約為 46%。他們認為，隨著時間的推移，隨著 ETF 在私人銀行和財富諮詢服務等各種金融平台上變得更加一體化，資金流入的下降趨勢將會逆轉。

Bitcoin as a Portfolio Component

比特幣作為投資組合的組成部分

Bernstein analysts underscored the growing need for Bitcoin to be recognized as an essential component of portfolio allocations. However, they acknowledged that broader adoption will require time as compliance frameworks evolve and financial platforms actively promote these ETF products.

伯恩斯坦分析師強調，越來越需要將比特幣視為投資組合配置的重要組成部分。然而，他們承認，隨著合規框架的發展和金融平台積極推廣這些 ETF 產品，更廣泛的採用需要時間。

Target Price of $150,000

目標價 15 萬美元

In a separate tweet, Adrian Zduńczyk, a chartered market technician, cited Bernstein's prediction that Bitcoin could reach a target price of $150,000 by 2025. The analysts believe that the post-halving mining cycle will remain robust, supporting the cryptocurrency's long-term growth trajectory.

在另一條推文中，特許市場技術員Adrian Zduńczyk 引用了Bernstein 的預測，即比特幣到2025 年可能會達到15 萬美元的目標價格。貨幣的長期成長軌跡。

Ethereum and Crypto Market Outlook

以太坊和加密貨幣市場展望

Bernstein analysts also provided insights into the potential impact of upcoming decisions by the U.S. Securities and Exchange Commission (SEC) regarding spot Ethereum ETFs. They speculated that a denial by the SEC could inadvertently boost Ethereum's profile, similar to the case of the Grayscale Bitcoin ETF. This could lead to renewed interest and investment in Ethereum and associated Layer 2 tokens.

Bernstein 分析師也為美國證券交易委員會 (SEC) 即將做出的以太坊 ETF 現貨的決定的潛在影響提供了見解。他們推測，美國證券交易委員會的否認可能會無意中提升以太坊的形象，類似於灰階比特幣 ETF 的情況。這可能會導致人們重新燃起對以太坊和相關第 2 層代幣的興趣和投資。

Overall, Bernstein analysts remain optimistic about the broader cryptocurrency market, predicting that the combined market capitalization could reach $7.5 trillion within the next 18 to 24 months. They attribute this growth to increased mainstream adoption, the use of cryptocurrencies in payment systems, and their incorporation into global asset markets.

總體而言，伯恩斯坦分析師對更廣泛的加密貨幣市場保持樂觀，預測未來 18 至 24 個月內總市值可能達到 7.5 兆美元。他們將這種成長歸因於主流採用率的提高、支付系統中加密貨幣的使用以及加密貨幣融入全球資產市場。

Growth Sectors in the Cryptocurrency Ecosystem

加密貨幣生態系統中的成長領域

The analysts highlighted several sectors within the cryptocurrency ecosystem that are poised for expansion. These include decentralized finance (DeFi) platforms like Uniswap, GMX, and Synthetix, as well as the Ronin blockchain, which has witnessed a surge in gaming users.

分析師強調了加密貨幣生態系統中即將擴張的幾個領域。其中包括 Uniswap、GMX 和 Synthetix 等去中心化金融 (DeFi) 平台，以及遊戲用戶激增的 Ronin 區塊鏈。

The real-world asset market, particularly tokenized government securities, has also experienced significant growth. Major financial institutions such as BlackRock and Franklin Templeton have invested heavily in tokenized money market funds, while U.S. Treasury assets on-chain have surpassed $1.3 billion.

現實世界的資產市場，特別是代幣化的政府證券，也經歷了顯著的成長。貝萊德、富蘭克林鄧普頓等主要金融機構大量投資代幣化貨幣市場基金，而美國公債鏈上資產已超過13億美元。

Conclusion

結論

Bernstein's analysis presents a compelling case for the long-term growth prospects of Bitcoin and the broader cryptocurrency market. Their insights demonstrate a deep understanding of market dynamics and the potential trends that will shape the future of the evolving cryptocurrency landscape.

伯恩斯坦的分析為比特幣和更廣泛的加密貨幣市場的長期成長前景提供了令人信服的案例。他們的見解顯示了對市場動態和潛在趨勢的深刻理解，這些趨勢將塑造不斷發展的加密貨幣格局的未來。