比特幣（BTC）在Raoul Pal和Tom Lee分析的全球價值市場存儲中角色

宏觀策略師Raoul Pal和Fundsstrat聯合創始人Tom Lee分析了比特幣在全球商店價值市場中的BTC/USD角色，價值400至500萬億美元。

Macro strategist Raoul Pal and Fundstrat co-founder Tom Lee discussed Bitcoin's role in the global store value market, which they estimate to be around $400 to $500 trillion.

宏觀策略師Raoul Pal和Fundsstrat的聯合創始人Tom Lee討論了比特幣在全球商店價值市場中的作用，他們估計該市場約為400至500萬億美元。

Their analysis, shared in a recent interview, delves into why Bitcoin is still in its early stages of growth and has the potential to capture a considerable portion of the vast store-of-value market.

他們在最近的一次採訪中分享了他們的分析，研究了為什麼比特幣仍處於增長的早期階段，並有可能捕捉廣闊的商店市場中的相當一部分。

Lee, who previously analyzed the wireless industry boom of the 1990s before launching Fundstrat in 2014, highlighted how Bitcoin's rise aligns with the adoption curves of major technology networks.

李前在2014年推出Fundstrat之前分析了1990年代的無線行業繁榮，他強調了比特幣的崛起與主要技術網絡的採用曲線如何保持一致。

"If you just take two factors—the number of wallets and activity per wallet—you can explain over 90% of Bitcoin's growth," Lee stated, attributing the network effects and virality of social media platforms to their ability to generate massive value.

李說：“如果您只採取兩個因素（每個錢包的錢包和活動數量），您可以解釋比特幣增長的90％以上。”

Despite skepticism from institutions, Lee and Fundstrat began covering and backing Bitcoin as early as 2017, when it traded at around $1,000.

儘管機構對機構的懷疑，但李和資金的交易最早在2017年開始涵蓋和支持比特幣，當時其交易約為1,000美元。

"We got famously fired by several well-known hedge funds," Lee mentioned, adding that he believed their negative reaction to his and his team's Bitcoin calls ultimately validated the cryptocurrency's long-term potential.

李說：“我們被幾個著名的對沖基金解雇了。”他補充說，他相信他們對他和他的團隊比特幣電話的負面反應最終證實了加密貨幣的長期潛力。

Both Pal and Lee remain highly bullish on Bitcoin's long-term outlook, with Lee emphasizing key macroeconomic trends such as AI-driven productivity and favorable U.S. demographics as strong tailwinds for BTC adoption.

PAL和Lee都對比特幣的長期前景表示了高度看漲，Lee強調了關鍵的宏觀經濟趨勢，例如AI驅動的生產力和有利的美國人口統計學，作為BTC採用的強烈逆風。

They estimate that Bitcoin and digital assets could capture a significant share of the multi-trillion-dollar global value market, implying a potential 400-500x growth from today's levels.

他們估計比特幣和數字資產可以捕獲數万億美元的全球價值市場的很大份額，這意味著從當今的水平上可能增長了400-500倍。

"So, if you do the math, the global store-of-value market is about $400 to $500 trillion in equities, bonds, real estate, and hedge funds. If Bitcoin were to take a 10% share of that market, we are looking at a $40 to $50 trillion valuation for Bitcoin," Pal noted.

“因此，如果您進行數學數量，全球價值市場的股票，債券，房地產和對沖基金約為400至500萬億美元。如果比特幣要佔該市場的10％，我們將尋找比特幣的40至50萬億美元的估值。”

Their analysis underscores the massive potential that both Pal and Lee see in the cryptocurrency market, particularly for Bitcoin, as it continues to gain traction in the mainstream financial sphere.

他們的分析強調了PAL和Lee在加密貨幣市場中所看到的巨大潛力，尤其是對於比特幣而言，它繼續吸引主流金融領域的吸引力。