Bernstein 重申 20 萬美元的比特幣價格目標，因為 BTC 即將達到 10 萬美元

Bernstein 強調了可能推動比特幣價格明年達到 20 萬美元週期目標的關鍵催化劑。

Despite Bitcoin’s recent spectacular upsurge, one firm confidently forecasts that the price of the leading cryptocurrency could more than double the current rate of $93K in the next year or so.

儘管比特幣最近出現了驚人的上漲，但一家公司自信地預測，這種領先的加密貨幣的價格在未來一年左右可能會比目前的 9.3 萬美元翻一番以上。

Yes, you read that right. According to analysts at Bernstein, BTC’s target of $200,000 no longer looks delusional following the asset’s recent rally to nearly $100K.

是的，你沒看錯。 Bernstein 分析師表示，隨著比特幣近期漲至近 10 萬美元，其 20 萬美元的目標不再是妄想。

Bernstein Highlights Catalysts For Bitcoin’s Price Surging To $200K

Bernstein 強調比特幣價格飆升至 20 萬美元的催化劑

Bernstein has highlighted key catalysts that could drive the price of Bitcoin to its cycle target of $200,000 next year. Analysts at the brokerage firm first set this price target in June when the alpha crypto was valued at around $66,000.

Bernstein 強調了可能推動比特幣價格明年達到 20 萬美元週期目標的關鍵催化劑。該經紀公司的分析師在 6 月首次設定了這一價格目標，當時 alpha 加密貨幣的估值約為 66,000 美元。

“Bitcoin to $100K seems around the corner, and our $200K Bitcoin target [by the end of] 2025 nows looks not as delusional,” the analysts wrote in a Nov. 18 note to clients.

分析師在11 月18 日給客戶的報告中寫道：「比特幣漲至10 萬美元似乎指日可待，而我們在2025 年底之前達到20 萬美元的比特幣目標現在看起來並不那麼癡心妄想。 」

Three Big Near-Term Catalysts For Bitcoin’s Gains

比特幣上漲的三大近期催化劑

One catalyst that may propel Bitcoin price to $200,000 is significant advancement toward a national Bitcoin strategic reserve, as President-elect Donald Trump promised pre-election. Bernstein analysts believe serious political momentum toward its establishment has already started but it could require a more extensive process if it entails the acquisition of Bitcoin every year.

正如當選總統唐納德·川普在選舉前所承諾的那樣，國家比特幣戰略儲備的重大進展可能會推動比特幣價格上漲至 20 萬美元。伯恩斯坦分析師認為，其成立的嚴重政治動能已經開始，但如果每年都需要收購比特幣，可能需要更廣泛的過程。

Notably, Senator Cynthia Lummis has already presented a draft Bitcoin Act bill that would increase the United States’s holdings until they reach one million tokens, purchased over a period of five years.

值得注意的是，參議員辛西婭·盧米斯(Cynthia Lummis)已經提出了一份比特幣法案草案，該法案將增加美國的持有量，直到在五年內購買100萬枚代幣。

Bernstein analysts cited Trump’s crypto promises as another possible catalyst for Bitcoin’s parabolic growth. On the campaign trail, Trump promised to make America a BTC mining powerhouse, put an end to “Operation Choke Point 2.0”, and stop the regulation-by-enforcement approach adopted by Biden’s Securities and Exchange Commission.

伯恩斯坦分析師將川普的加密貨幣承諾視為比特幣拋物線成長的另一個可能催化劑。在競選過程中，川普承諾讓美國成為比特幣挖礦強國，結束“瓶頸行動2.0”，並停止拜登領導的證券交易委員會採取的“執法監管”方式。

According to Bernstein, fulfilling these promises could significantly boost investors’ confidence in crypto, sparking a sustained rally in the prices of BTC and altcoins such as Ether (ETH) and Solana (SOL).

Bernstein 表示，履行這些承諾可能會顯著增強投資者對加密貨幣的信心，從而引發 BTC 以及以太幣 (ETH) 和 Solana (SOL) 等山寨幣價格的持續上漲。

Spot Bitcoin exchange-traded funds and demand from MicroStrategy are also tailwinds, with total ETF assets under management now standing at a jaw-dropping $92 billion.

現貨比特幣交易所交易基金和 MicroStrategy 的需求也是推動因素，目前管理的 ETF 總資產達到令人瞠目結舌的 920 億美元。

Meanwhile, MicroStrategy’s Bitcoin buying spree and the software intelligence firm’s plans to raise approximately $42 billion for further acquisitions in the coming three years will be another source of massive demand. Moreover, miners’ continuous hoarding of BTC as the bullish cycle advances will reduce sell pressure and help drive BTC to six digits.

同時，MicroStrategy 的比特幣購買熱潮以及這家軟體情報公司計劃在未來三年內籌集約 420 億美元用於進一步收購，將成為巨大需求的另一個來源。此外，隨著牛市週期的推進，礦商持續囤積比特幣將減少拋售壓力，並有助於將比特幣推升至六位數。

Bernstein advised investors to hold their BTC as a new crypto regulatory era has yet to be priced in.

伯恩斯坦建議投資人持有比特幣，因為新的加密貨幣監管時代尚未被消化。

“With most institutional investors re-examining their anti-crypto stance, we have a long journey of fresh structural allocations to his market. If you are long, we expect you will be on the right side of Bitcoin history,” the analysts summarized.

「隨著大多數機構投資者重新審視他們的反加密立場，我們對他的市場進行新的結構性配置還有很長的路要走。如果你做多，我們預計你將站在比特幣歷史的正確一邊。

With Bitcoin currently changing hands for $93,400, the dominant crypto must jump around 110% to reach Bernstein’s $200K target.

目前比特幣的轉手價格為 93,400 美元，占主導地位的加密貨幣必須上漲 110% 左右才能達到 Bernstein 的 20 萬美元目標。