2025 年比特幣 (BTC) 價格預測：Lyn Alden 表達看漲前景

著名金融專家林恩·奧爾登（Lyn Alden Investment Strategy）創始人林·奧爾登（Lyn Alden）對比特幣（BTC）的前景表示了高度樂觀。她表示，多項經濟指標表明，比特幣可能成為來年最看漲的資產之一。

Prominent financial expert and founder of Lyn Alden Investment Strategy, Lyn Alden, is highly optimistic about Bitcoin’s prospects. According to her, several economic indicators suggest that Bitcoin could emerge as one of the most bullish assets in 2025.

著名金融專家、林恩奧爾登投資策略公司創辦人林奧爾登對比特幣的前景高度樂觀。她表示，多項經濟指標表明，比特幣可能成為 2025 年最看漲的資產之一。

Breaking Down the Economic Landscape

打破經濟格局

In a recent interview with David Lin, Alden discussed the key economic drivers that may influence Bitcoin’s performance in 2025. One of her primary observations is the expectation of improved global liquidity. She notes that the U.S. economy appears to be moving past a peak in credit tightening. This development is encouraging for liquidity, as it could pave the way for increased capital flow in the market.

在最近接受 David Lin 採訪時，Alden 討論了可能影響 2025 年比特幣表現的關鍵經濟驅動因素。她指出，美國經濟似乎正經歷信貸緊縮的高峰期。這項發展對流動性來說是令人鼓舞的，因為它可以為增加市場資本流動鋪平道路。

Moreover, Alden points to the potential for additional stimulus from China as another factor that may bolster liquidity. The interplay between U.S. and Chinese economic policies could create a more favorable environment for investments, including cryptocurrencies.

此外，奧爾登指出，中國可能採取額外刺激措施，這是另一個可能提振流動性的因素。美國和中國經濟政策之間的相互作用可能為包括加密貨幣在內的投資創造更有利的環境。

The U.S. Treasury General Account and Its Impact

美國財政部普通帳戶及其影響

A crucial aspect to watch, according to Alden, is the U.S. Treasury General Account (TGA). If approximately $800 billion returns to the banking system, this could significantly enhance liquidity in the market. However, this scenario is contingent on whether there are any complications regarding the debt ceiling. Should the U.S. government navigate these challenges smoothly, the inflow of cash into the economy could further support Bitcoin’s price and instill confidence in the market.

奧爾登表示，值得關注的一個重要面向是美國財政部普通帳戶（TGA）。如果大約 8000 億美元返回銀行系統，這可能會顯著增強市場的流動性。然而，這種情況取決於債務上限是否存在任何複雜性。如果美國政府順利應對這些挑戰，現金流入經濟可能會進一步支撐比特幣的價格並增強市場信心。

While Alden is cautious about predicting the exact scale of liquidity changes, she maintains a moderately optimistic outlook for the next year. Her belief in improving liquidity is directly tied to her positive view on Bitcoin.

儘管奧爾登對預測流動性變化的確切規模持謹慎態度，但她對明年的前景保持適度樂觀。她對提高流動性的信念與她對比特幣的正面看法直接相關。

Exploring the Correlation Between Liquidity and Bitcoin

探索流動性與比特幣之間的相關性

Alden highlights a strong correlation between Bitcoin’s performance and global liquidity. “I don’t have a strong opinion on the magnitude, but I have a positive view on liquidity for the next 12 months, and therefore my view on Bitcoin is also positive for the next 12 months,” she stated. This correlation suggests that as liquidity improves, so too does the potential for Bitcoin to rise in value.

奧爾登強調了比特幣的表現與全球流動性之間的密切相關性。 「我對規模沒有強烈的看法，但我對未來 12 個月的流動性持積極看法，因此我對未來 12 個月的比特幣看法也是積極的，」她說。這種相關性表明，隨著流動性的改善，比特幣升值的潛力也隨之增加。

However, Alden points out that there have been occasions when Bitcoin has diverged from this correlation, typically due to extreme valuations. In simpler terms, when Bitcoin’s price becomes excessively high compared to its underlying value, it may behave differently than expected based on liquidity trends.

然而，奧爾登指出，比特幣有時會偏離這種相關性，通常是因為估值過高。簡而言之，當比特幣的價格與其基礎價值相比過高時，其表現可能與基於流動性趨勢的預期不同。

Understanding Bitcoin Valuation Metrics

了解比特幣估值指標

To gauge Bitcoin’s value accurately, Alden utilizes two critical metrics: market capitalization and realized capitalization. During bullish market conditions, Bitcoin’s market cap can significantly exceed its realized cap, indicating potential overvaluation. Conversely, when the market cap is lower than the realized cap, it suggests that Bitcoin is less risky and may be undervalued.

為了準確衡量比特幣的價值，奧爾登使用了兩個關鍵指標：市值和已實現資本化。在看漲的市場條件下，比特幣的市值可能會大大超過其已實現的上限，這表明潛在的估值過高。相反，當市值低於已實現上限時，則表示比特幣風險較小，可能被低估。

A Bullish Outlook for Bitcoin

比特幣的看漲前景

Given her analysis, Alden is optimistic about Bitcoin’s future. She notes, “So, looking at all this, I expect liquidity to go up over the next year, and I don’t see signs of extreme Bitcoin valuation. That combination generally leads me to be pretty bullish on Bitcoin.” This positive outlook is crucial for investors considering navigating the volatile cryptocurrency market in 2025.

根據她的分析，奧爾登對比特幣的未來持樂觀態度。她指出，「因此，考慮到這一切，我預計明年流動性將會上升，而且我沒有看到比特幣估值過高的跡象。這種結合通常會讓我非常看好比特幣。這種積極的前景對於考慮在 2025 年應對波動的加密貨幣市場的投資者來說至關重要。

If Alden’s predictions hold true, Bitcoin may become one of the standout assets of 2025, attracting both institutional and retail investors.

如果奧爾登的預測成立，比特幣可能會成為 2025 年最出色的資產之一，吸引機構投資者和散戶投資者。