比特幣（BTC）價格預測：BTC售價為5萬美元，因為市場預計將推出多資產加密ETFS

比特幣（BTC）的價格正接近50,000美元的成績，因為市場熱切地等待著多資產加密ETF的推出。

Bitcoin’s available supply is dwindling as investors have withdrawn a staggering $504.4 billion worth of the cryptocurrency from exchanges over the past five years.

由於投資者在過去五年中從交易所撤回了價值504億美元的加密貨幣，因此比特幣的可用供應正在減少。

Now, the crypto’s exchange supply has hit a seven-year low, according to data from CryptoQuant.

根據加密貨幣的數據，現在，加密貨幣的交換供應已經達到了七年的低點。

At the same time, institutional interest from Wall Street and beyond has seen demand for the asset skyrocket.

同時，華爾街及以後的機構興趣已經看到了對資產飛漲的需求。

As a result, market analysts are predicting that the situation could trigger a supply shock which may catapult Bitcoin’s price to a new all-time high.

結果，市場分析師預測，這種情況可能會觸發供應衝擊，這可能會使比特幣的價格提高到新的歷史最高水平。

“We can see this squeeze higher and there is an incentive to keep prices high,” Markus Thielen, co-founder of crypto market research platform 10x Research, said on investor Scott Melker’s podcast this week.

Crypto Market Research Platform 10X Research的聯合創始人Markus Thielen在本周有關投資者Scott Melker的播客時說：“我們可以看到這種壓縮更高，並有一種保持價格高昂的動機。”

The analysis comes as Wall Street’s demand for the top crypto has been on the rise.

分析是因為華爾街對頂級加密貨幣的需求一直在上升。

And with President Donald Trump’s pro-crypto policies, market watchers are expecting that demand to continue, potentially pushing the price of Bitcoin to $200,000 or even higher.

隨著唐納德·特朗普（Donald Trump）總統的親克賴特托（Crypto）政策，市場觀察家期望這一需求會繼續下去，可能會將比特幣的價格提高到200,000美元甚至更高。

“National priority”

“國家優先”

Last week, Trump issued an executive order which highlighted the growth of the US crypto ecosystem as a “national priority.”

上週，特朗普發布了一項行政命令，該命令強調了美國加密生態系統的增長作為“國家優先事項”。

Bitwise chief investment officer Matt Hougan said the news was “bullish to the extreme” for crypto and that it will channel trillions of dollars in investor funds into the market.

Bitwise首席投資官Matt Hougan表示，加密貨幣的消息“對極端看漲”，它將將數万億美元的投資者資金轉移到市場上。

In December, Hougan predicted that Bitcoin’s price could reach $200,000 by 2025, echoing the sentiment of Standard Chartered and Bernstein.

霍根（Hougan）在去年12月預測，到2025年，比特幣的價格可能會達到200,000美元，這與標準特許和伯恩斯坦的情感相呼應。

This week, he said the prediction “may turn out to be conservative.”

他本周說，預測“可能是保守的。”

ETF enthusiasm

ETF熱情

2024 saw Wall Street heavyweights enter the crypto market en masse, particularly with the launch of US spot Bitcoin exchange-traded funds from firms like BlackRock.

2024年，華爾街的重量級人物進入了加密貨幣市場，尤其是隨著美國現貨比特幣交易所交易的資金，來自貝萊德（Blackrock）等公司。

These funds raked in $107 billion in assets under management during their first year, which is a record for any ETF launch.

這些資金在第一年的管理資產中獲得了1000億美元的資產，這是任何ETF發布的記錄。

The investment vehicle acted as a black hole for Bitcoin’s supply, sucking up more than 5% of the asset’s total supply and showing no signs of slowing down its buying pressure.

投資工具充當了比特幣供應的黑洞，吸收了資產總供應量的5％以上，沒有顯示出減緩其購買壓力的跡象。

While single-asset ETFs made their mark last year, analysts are expecting the market to expand to include multi-asset crypto ETFs in 2025.

雖然單一資產ETF去年取得了成功，但分析師預計市場將擴大到包括2025年的多資產加密ETF。

A new report from Coalition Greenwich, S&P Global’s financial analytics arm, said that asset managers have shown interest in multi-asset crypto ETFs which would offer exposure to a basket of cryptocurrencies, including Bitcoin.

S＆P Global的財務分析部門Greenwich的一份新報告說，資產管理人員對多資產的加密ETF表示興趣，這些ETF將提供一籃子加密貨幣，包括比特幣。

Company stockpiles

公司庫存

Bitcoin’s supply has also been locked up by companies who are holding it in their treasuries.

比特幣的供應也被持有國庫的公司鎖定了。

“We are definitely going to see more institutional adoption adding to the balance sheet,” Melker said on his podcast.

梅爾克在播客中說：“我們肯定會看到更多的機構採用增加資產負債表。”

Last year, software company MicroStrategy continued to add to its Bitcoin treasure trove, bringing its stockpile to over 470,000 of the cryptocurrency.

去年，軟件公司MicroStrategy繼續增加其比特幣寶藏，使其庫存達到了470,000多個加密貨幣。

Other firms, like Boyaa Interactive and Genius Group, have amassed similar stockpiles, albeit to a smaller scale.

其他公司，例如Boyaa Interactive and Genius Group，也積累了類似的庫存，儘管規模較小。

But more could be on the way.

但是更多的可能會在路上。

For example, the Free Enterprise Project, a Washington-based advocacy group, has launched a campaign to convince Big Tech firms, such as Amazon and Meta, to follow in MicroStrategy’s footsteps and add Bitcoin to their holdings.

例如，總部位於華盛頓的倡導組織Free Enterprise Project發起了一項運動，以說服大型科技公司（例如Amazon和Meta）遵循MicroStrategy的腳步，並在其持股中增加比特幣。

Crypto market movers

加密貨幣市場

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