比特幣（BTC）處於大規模突破的邊緣

儘管全球經濟不確定性和一系列市場衝擊，但加密貨幣空間中的幾種領先聲音說，比特幣正處於大規模突破的邊緣

Despite global economic uncertainty and a series of market shocks, 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.

儘管全球經濟不確定性和一系列的市場衝擊，但加密貨幣空間中的幾種領先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。

Samson Mow, CEO of Jan3 and a longtime Bitcoin advocate, recently expressed astonishment that Bitcoin is still trading under $100,000. “We should have hit $200,000 already, and it shocks me every day that we’re not there yet,” Mow said in a recent interview with Milkroad. 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.

JAN3首席執行官Samson Mow，長期的比特幣擁護者，最近表示驚訝，比特幣的交易仍在100,000美元以下。 Mow在最近接受Milkroad的採訪中說：“我們應該已經達到了200,000美元，每天我們還沒有震驚我。”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 continuing to accumulate, reducing overall circulating supply and tightening what Mow calls the “spring” behind Bitcoin’s eventual surge. This view is shared by other industry figures, who note that despite recent market turbulence, there are several structural changes that point to an impending shift in Bitcoin’s price trajectory.

但是，長期持有人或“霍德爾”（Hodlers）正在繼續積累，減少了整體循環供應，並收緊了比特幣最終激增背後的“春季”所謂的“春季”。這種觀點是由其他行業人物共享的，他們指出，儘管最近市場動盪，但有幾種結構性變化表明比特幣價格軌跡即將發生變化。

This view is shared by other industry figures, who note that despite recent market turbulence, there are several structural changes that point to an impending shift in Bitcoin's price trajectory.

這種觀點是由其他行業人物共享的，他們指出，儘管最近市場動盪，但有幾種結構性變化表明比特幣價格軌跡即將發生變化。

After notching several all-time highs in recent months, Bitcoin's hash rate continues to climb—a leading indicator of network strength and miner confidence. According to data from Bitinfocharts, the seven-day average has now surpassed 460 exahash per second.

在近幾個月來達到了幾個歷史最高水平之後，比特幣的哈希速率繼續攀升，這是網絡強度和礦工信心的主要指標。根據Bitinfocharts的數據，現在為期7天的平均值已超過460張Exahash。

To put this in perspective, Bitcoin's hash rate was less than 100 exahash per second at the start of 2023, and it has nearly tripled since then.

從角度來看，比特幣的哈希速率在2023年初的每秒不到100 exahash，此後幾乎增加了兩倍。

For instance, sovereign entities may now be involved in mining activity, thus driving this surge in computational power with less concern for profitability, thanks to access to free or excess energy resources.

例如，主權實體現在可能參與採礦活動，因此，由於獲得了自由或多餘的能源資源，對盈利能力的關注較少，因此推動了計算能力的激增。

This same price-insensitive mindset appears to be affecting Bitcoin buyers as well. Corporations such as MicroStrategy are continuing to accumulate more coins despite short-term price movements, reflecting a long-term belief in Bitcoin's store-of-value potential.

這種不敏感的思維方式似乎也影響了比特幣購買者。儘管短期價格變動，諸如MicroStrategy之類的公司仍在繼續積累更多的硬幣，這反映了對比特幣價值儲存潛力的長期信念。

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

現在的最大問題是，這種趨勢是否會蔓延到其他公司以及最終的民族國家。

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

莫夫警告說：“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。