比特幣（BTC）處於大規模突破的邊緣，這可能會使大多數投資者感到驚訝

行業中的許多人將比特幣的抑制價格歸因於恐懼驅動的市場情緒和暫時的流動性緊縮。

Several leading voices in the cryptocurrency space say Bitcoin is on the verge of a massive breakout—one that could take most investors by surprise, according to a recent report by Benzinga.

Benzinga最近的一份報告顯示，加密貨幣空間中的幾種主要聲音表明比特幣正處於大規模突破的邊緣，這可能會使大多數投資者感到驚訝。

This commentary follows Samson Mow, CEO of Jan3 and a longtime Bitcoin advocate, expressing astonishment that Bitcoin is still trading under $100,000.

這篇評論是在Jan3首席執行官Samson Mow和長期比特幣擁護者Samson Mow之後，對比特幣的交易仍然低於100,000美元表示驚訝。

"We should have hit $200,000 already, and it shocks me every day that we’re not there yet," Mow shared in a recent conversation with Milkroad.

Mow在最近與Milkroad的對話中分享道：“我們應該已經達到了200,000美元，每天我們還不到那兒，這讓我感到震驚。”

Many in the industry attribute Bitcoin's suppressed price action to fear-driven market sentiment and a temporary liquidity crunch. Approximately 2 million coins remain active on exchanges, contributing to short-term volatility.

行業中的許多人將比特幣的抑制價格歸因於恐懼驅動的市場情緒和暫時的流動性緊縮。大約有200萬個硬幣在交流中保持活躍，導致短期波動。

However, long-term holders—or "hodlers"—are reducing overall circulating supply, tightening what Mow calls the "spring" behind Bitcoin's eventual surge.

但是，長期持有人或“霍德爾”（Hodlers）正在減少整體循環供應，從而收緊了MOW在比特幣最終激增的“春季”所謂的“春季”。

Historical precedent supports the possibility of a sudden upward move. In 2017, Bitcoin rose nearly 17x in less than a year, during a period of relatively calm global conditions.

歷史先例支持突然向上移動的可能性。 2017年，在全球狀況相對平靜的時期，比特幣在不到一年的時間內上升了近17倍。

Now, with economic instability, rising geopolitical tensions, trade wars, and currency devaluation in play, many believe the conditions are even more favorable for another explosive rally.

現在，隨著經濟不穩定，地緣政治緊張局勢，貿易戰爭和貨幣貶值的上升，許多人認為，這些條件對另一個爆炸性的集會更有利。

Other indicators also point to an impending structural shift. Bitcoin's hash rate—considered a leading signal of network strength and miner confidence—continues to climb, reaching all-time highs.

其他指標還指出了即將發生的結構轉移。比特幣的哈希速率（考慮到網絡強度和礦工信心的主要信號）可以攀升，達到歷史最高點。

Mow suggests that sovereign entities may now be involved in mining, driving this surge in computational power with little regard for profitability, thanks to access to free or excess energy resources.

MOW建議，主權實體現在可能參與採礦，推動計算能力的激增，幾乎不考慮盈利能力，這要歸功於獲得自由或多餘的能源。

This same price-insensitive mindset appears to be influencing Bitcoin buyers as well. Corporations like MicroStrategy are accumulating Bitcoin regardless of short-term price fluctuations, reflecting a long-term belief in its store-of-value potential.

相同的不敏感思維方式似乎也影響了比特幣購買者。不論短期價格波動如何，像MicroStrategy這樣的公司正在積累比特幣，這反映了對其價值潛力的長期信念。

The big question now is whether this trend will spread to other companies—and even nation-states.

現在的最大問題是，這種趨勢是否會傳播給其他公司，甚至是民族國家。

"Once it becomes a race to print money to buy Bitcoin," Mow cautioned, "then all the gloves are off."

Mow警告說：“一旦成為一場打印資金購買比特幣的競賽，所有的手套就關閉了。”

With structural changes in mining, corporate accumulation, and growing sovereign interest, many analysts believe Bitcoin is on the edge of another major run—possibly beyond $200,000—sooner than most expect.

隨著採礦，企業積累和日益增長的主權興趣的結構變化，許多分析師認為，比特幣正處於另一項重大運行的邊緣（可能超過200,000美元），這比大多數人所期望的。