比特幣 (BTC) 在 7.6 萬美元之後仍然剛起步？

在川普當選總統的樂觀推動下，比特幣持續創下新高。

Bitcoin price hit a new all-time high on Friday, continuing its relentless surge in response to the US election outcome.

比特幣價格週五創下歷史新高，因美國大選結果而持續飆升。

What Happened: After surging past the $75,000 mark for the first time on Thursday, BTC scaled to a new high of $76,134.09 on Friday, data from CoinMarketCap showed.

發生了什麼：CoinMarketCap 的數據顯示，比特幣在周四首次突破 75,000 美元大關後，週五升至 76,134.09 美元的新高。

The world’s apex cryptocurrency later pared some gains and was last seen trading 0.04% lower at $74,908.6.

這種世界頂級加密貨幣隨後回吐了部分漲幅，最後下跌 0.04%，至 74,908.6 美元。

Despite the recent pullback, Bitcoin price is up a staggering 140% year-to-date from January 1 opener of $31,188.

儘管近期有所回落，但比特幣價格今年迄今仍較 1 月 1 日開盤價 31,188 美元上漲了 140%。

Despite the recent astronomical rally, CryptoQuant said Friday that BTC could still be poised for further gains.

儘管最近出現了天文數字般的上漲，CryptoQuant 週五表示，比特幣仍有望進一步上漲。

The crypto research platform cited the MVRV and the ratio of the realized price to the purchase cost of traders as suggestive of the possibility.

這個加密貨幣研究平台引用了 MVRV 以及實現價格與交易者購買成本的比率來暗示這種可能性。

Bitcoin’s new ATH doesn’t mean it’s overvalued relative to its cost basis.

比特幣的新 ATH 並不意味著它相對於其成本基礎被高估。

The MVRV ratio shows $BTC is still far from peak levels.

MVRV 比率顯示 BTC 仍遠未達到峰值。

The price is also close to the purchase cost of traders, indicating it’s not overheated.

價格也接近貿易商的採購成本，顯示價格並未過熱。

This hints at a potential for further growth. pic.twitter.com/xeeDdipN9O

這暗示著進一步增長的潛力。 pic.twitter.com/xeeDdipN9O

The MVRV is a measure of a coin’s market value to its realized value, used to gauge whether it is overvalued. Currently, at about 2.26, CryptoQuant argues that the Bitcoin market is not overheated and far from peak levels. For context, an asset is believed to be in overvalued territory if its MVRV is above 3.7.

MVRV 是衡量代幣市場價值與其實現價值的比率，用於衡量其是否被高估。目前，比特幣價格約為 2.26，CryptoQuant 認為比特幣市場並未過熱，也遠離高峰水準。就上下文而言，如果一項資產的 MVRV 高於 3.7，則該資產被視為處於高估區域。

At the same time, the platform said that Bitcoin price remained close to the purchasing cost for traders, reducing potential selling pressure.

同時，該平台表示，比特幣價格仍接近交易者的購買成本，減少了潛在的拋售壓力。

Insiders Expect Six-Figure Bitcoin Price This Year: Bitwise CIO Sets Target At $200K

業內人士預計今年比特幣價格將達到六位數：Bitwise CIO 將目標定為 20 萬美元

While market top projections vary, analysts have been clear about one thing in recent months: they expect Bitcoin’s price to hit a healthy six-figure price in this bull market driven by institutional flows, macroeconomic tailwinds, and political factors.

儘管市場最高預測各不相同，但分析師近幾個月來明確了一件事：他們預計，在機構資金流、宏觀經濟順風和政治因素的推動下，比特幣的價格將在本輪牛市中達到六位數的健康水準。

Expressing these views in a note to investors on Wednesday, Bitwise CIO Matt Hougan set a target of $200,000 per Bitcoin by 2025.

Bitwise 資訊長 Matt Hougan 在周三給投資者的報告中表達了這些觀點，設定了到 2025 年每個比特幣價值 20 萬美元的目標。

“We believe the macroeconomic backdrop will continue to support crypto markets for the next several years, driving a wave of new capital into the digital asset ecosystem.”

“我們相信宏觀經濟背景將在未來幾年繼續支持加密貨幣市場，推動一波新資本進入數位資產生態系統。”

Hougan added that Bitcoin’s price could continue to rise even after the next market top, as was the case in the 2017 bull market.

Hougan 補充說，即使在下一個市場見頂之後，比特幣的價格也可能繼續上漲，就像 2017 年牛市的情況一樣。

“After the last bull market top in December 2017, Bitcoin’s price fell by 84% over the next 15 months. But then, it began to recover in early 2019, and by April 2021, the price had risen back to its previous all-time high.”

「在 2017 年 12 月上一次牛市見頂之後，比特幣的價格在接下來的 15 個月內下跌了 84%。但隨後，它在 2019 年初開始復蘇，到 2021 年 4 月，價格又回升至之前的歷史高位。

Hougan’s projection comes as the crypto market has surged to new highs in 2024, fueled by the entry of major institutions like BlackRock (NYSE:BLK) and Goldman Sachs (NYSE:GS).

Hougan 的預測是在貝萊德 (NYSE:BLK) 和高盛 (NYSE:GS) 等主要機構進入的推動下，加密貨幣市場在 2024 年飆升至新高。