儘管最近的價格更正，但比特幣（BTC）仍可以到2035年超過180萬美元

儘管最近的價格糾正和持續的全球貿易緊張局勢引起的投資者的興趣

Bitcoin (BTC) is still on track to reach $1.8 million by 2035 despite recent price corrections and waning investor appetite due to ongoing global trade tensions, according to Joe Burnett, director of market research at Unchained.

UnCheaded市場研究總監Joe Burnett表示，儘管最近的價格更正和投資者的胃口降低了全球貿易緊張局勢，但比特幣（BTC）仍在到2035年達到180萬美元。

Speaking during Cointelegraph’s Chainreaction live show on X, Burnett said that Bitcoin is still in a long-term bullish cycle and could potentially rival or surpass gold’s $21 trillion market capitalization within the next decade.

伯內特（Burnett）在Cointelegraph在X上的Chainreaction現場表演中發表講話時說，比特幣仍處於長期看漲週期，並有可能在未來十年內與Gold的21萬億美元市值競爭或超過Gold的21萬億美元市值。

“When I think about where Bitcoin will be in 10 years, there are two models I admire,” Burnett said. “One is the parallel model, which suggests that Bitcoin will be about $1.8 million in 2035.”

伯內特說：“當我考慮10年後比特幣的位置時，我欣賞兩種型號。” “一個是平行模型，這表明比特幣在2035年約180萬美元。”

“The other is Michael Saylor’s Bitcoin 24 model, which suggests Bitcoin will be $2.1 million by 2035. Both are good base cases, and we could see Bitcoin go higher or lower from there, depending on broader macroeconomic factors.”

“另一個是邁克爾·塞勒（Michael Saylor）的比特幣24型號，該模型表明，到2035年，比特幣將為210萬美元。兩者都是很好的基本案例，我們可能會看到比特幣從那裡出現更高或更低，具體取決於更廣泛的宏觀經濟因素。”

Both models take into account the rate at which Bitcoin’s price has increased in recent years, as well as the rate at which the global economy is expected to grow.

這兩種模型都考慮到近年來比特幣價格上漲的速度以及全球經濟增長的速度。

“The automobile industry is significantly more valuable than the horse and buggy industry, and Bitcoin’s more advanced technological properties will make it surpass the $21 trillion market capitalization of gold,” he said.

他說：“汽車行業比馬匹和越野車行業的價值要高得多，比特幣更先進的技術財產將使它超過21萬億美元的黃金市值。”

But investors are now largely limiting their risk appetite due to uncertainty over tariffs, which could affect investment returns.

但是，由於對關稅的不確定性，投資者現在在很大程度上限制了他們的風險食慾，這可能會影響投資回報。

After U.S. President Donald Trump’s Jan. 20 inauguration, global markets have been pressured by rising trade war fears.

在美國總統唐納德·特朗普（Donald Trump）1月20日就職典禮之後，全球市場受到貿易戰爭的恐懼的壓力。

After entering office, Trump threatened to introduce sweeping import tariffs in a bid to reduce the country’s trade deficit, putting pressure on risk sentiment for both equities and crypto.

進入辦公室後，特朗普威脅要引入全面的進口關稅，以減少該國的貿易赤字，從而對股票和加密貨幣的風險情緒施加壓力。

While Bitcoin’s role as a safe-haven asset may now come to the fore amid ongoing trade war concerns, physical gold and tokenized gold remain the current winners.

儘管持續的貿易戰爭關注，現在比特幣作為避風港資產的角色可能會出現，但實物黃金和代幣的黃金仍然是現任贏家。

Indeed, tariff fears saw tokenized gold trading volume surge to a two-year high this week, exceeding $1 billion for the first time since the U.S. banking crisis in 2023, as reported by Cointelegraph on April 10.

確實，關稅擔心會在本週的兩年高點上升至兩年，自2023年美國銀行業危機以來，首次超過10億美元，正如Cointelegraph報導的那樣。

The volume of tokenized gold futures traded on major crypto exchange FTX this week reached $1.04 billion, the highest since the start of 2021.

本週在Major Crypto Exchange FTX上交易的令牌黃金期貨的數量達到了10.4億美元，這是自2021年初以來最高的。

The rising volume follows a broader trend of investors seeking safe-haven assets amid ongoing macroeconomic uncertainty, sparked by the U.S. government’s efforts to reduce the trade deficit through tariffs.

不斷上升的銷量是在持續的宏觀經濟不確定性中尋求避風港資產的投資者的更廣泛趨勢，這是由於美國政府通過關稅減少貿易赤字的努力而引發的。

Bitcoin volatility falls in bear and bull

比特幣的波動率落在熊和公牛中

During bear markets, Bitcoin’s volatility is falling, signaling its growing maturity as an asset class.

在熊市中，比特幣的波動率正在下降，這表明其作為資產類別的成熟度越來越大。

Another 80% drawdown during future bear markets is still possible, but this will act as a robust acquisition period for the “strongest” holders, Burnett said.

伯內特說，在未來的熊市中，還有80％的降低是可能的，但這將成為“最強大”持有人的強勁收購時期。

“If you can hold Bitcoin through a bear market, you’ll come out stronger on the other side. We saw this during the 2018 bear market, where those who sold early regretted it later during the bull market.”

“如果您可以通過熊市持有比特幣，那麼您將在另一側變得更強壯。我們在2018年的熊市中看到了這一點，那裡的人們在牛市後來在牛市後來遺憾的是。”

However, another 80% drawdown from the 2024 bear market will see BTC fall to around $17,000, which is still a significant sum for most investors to lose.

但是，來自2024年熊市的又一80％的跌幅將使BTC下降到約17,000美元，這對於大多數投資者來說仍然是一筆巨大的損失。

Despite this, researchers at Unchained are optimistic about Bitcoin’s long-term prospects for the next decade.

儘管如此，Unchained的研究人員對比特幣在未來十年的長期前景感到樂觀。

BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes predicted that Bitcoin could rise to $250,000 by the end of 2025 if the U.S. Federal Reserve formally enters a quantitative easing cycle.

BITMEX聯合創始人和Maelstrom首席投資官亞瑟·海斯（Arthur Hayes）預測，如果美國美聯儲正式進入定量的寬鬆週期，那麼到2025年底，比特幣將在2025年底上漲至250,000美元。

Despite the optimistic predictions, investors remain cautious and are continuing to “rebalance their portfolios” but are unlikely to take on significant positions in the next 90 days before markets gain more clarity on global tariff negotiations, Enmanuel Cardozo, market analyst at real-world asset tokenization platform Brickken, told Cointelegraph.

儘管有樂觀的預測，但投資者仍然保持謹慎，並繼續“重新平衡其投資組合”，但在接下來的90天內，在市場上對全球關稅談判獲得更明確的情況，Market Market Market Market Angriang Esset Aterld Asset Asset tokentization平台Brickken Brickken，不太可能在市場上更加明確地職位。

“With money flowing out of Bitcoin ETFs, investors are looking for safer spots to hold their cash right now, including strong currencies. Gold’s a traditional vehicle in these cases and a go-to when markets are uncertain,” he added.

他補充說：“隨著比特幣ETF的資金，投資者正在尋找更安全的景點來立即持有現金，包括強貨幣。在這些情況下，黃金是傳統的車輛，並且在市場不確定時首選。”

Since the start of 2025, the price of gold has risen over 23%, outperforming Bitcoin, which has fallen by more than 10% year-to-date, TradingView data shows.

交易圖數據​​顯示，自2025年初以來，黃金的價格上漲了23％以上，表現優於比特幣，該比特幣降低了10％以上。