方舟投資稱，在通膨阻力下，比特幣看漲勢頭飆升

Ark Invest 的最新報告表明，儘管最近出現了通膨數據，但比特幣的價格仍處於牛市的早期階段。該報告重點介紹了 MVRV Z-Score 指標，顯示比特幣目前的被低估狀態。這種看漲前景與其他比特幣觀察家的正面情緒一致，他們預計擴容解決方案將持續成長，並且即將到來的減半事件。

Ark Invest Declares: Bitcoin's Bullish Ascent Reignites, Defying Inflationary Headwinds

Ark Invest 宣稱：比特幣的看漲勢頭重新點燃，克服了通貨膨脹的阻力

New York, NY - In a resounding affirmation of the cryptocurrency industry's resilience, Ark Invest, a prominent investment management firm, has asserted that Bitcoin's price trajectory is firmly within the nascent to intermediate stages of a prolonged bullish market cycle. This bullish outlook comes amidst a backdrop of newly released US inflation figures that had initially dampened hopes for imminent Federal Reserve interest rate cuts.

紐約 - 著名投資管理公司 Ark Invest 斷言，比特幣的價格軌跡完全處於長期看漲市場週期的初期到中期階段，這對加密貨幣行業的彈性給予了充分肯定。這種看漲前景是在新公佈的美國通膨數據的背景下出現的，這些數據最初澆熄了聯準會即將降息的希望。

The latest Bitcoin market report from Ark Invest, published on Wednesday, paints a compelling picture of the cryptocurrency's unwavering momentum. Cathie Wood's esteemed investment management firm employs the MVRV Z-score, a widely adopted metric for gauging periods of Bitcoin undervaluation or overvaluation, to support its bullish stance. Ark Invest's analysis reveals that Bitcoin's current market valuation, when juxtaposed against its historical trajectory, suggests it is in the early to mid-stages of a bull market.

Ark Invest 週三發布的最新比特幣市場報告描繪了加密貨幣堅定不移勢頭的引人注目的圖景。 Cathie Wood 受人尊敬的投資管理公司採用 MVRV Z 分數（一種廣泛採用的衡量比特幣低估或高估時期的指標）來支持其看漲立場。 Ark Invest 的分析顯示，比特幣目前的市場估值與其歷史軌跡相比，顯示它正處於牛市的早期到中期階段。

The MVRV Z-score, derived from the market value to realized value ratio, employs a standard deviation test to identify outliers in the relationship between these two metrics. The report meticulously examines three key factors: Bitcoin's current market value, its realized value, and the Z-score itself. The realized value represents the average price of each Bitcoin at the time of its most recent transfer between digital wallets, multiplied by the total number of coins in circulation.

MVRV Z 分數源自市場價值與實現價值之比，採用標準差測試來識別這兩個指標之間關係中的異常值。該報告仔細研究了三個關鍵因素：比特幣當前的市場價值、實現價值以及 Z 分數本身。實現價值代表每個比特幣最近一次在數位錢包之間轉移時的平均價格乘以流通中的硬幣總數。

Scaling Solutions Bolster Bitcoin's Bullish Thesis

擴容解決方案支持比特幣的看漲論點

Ark Invest also underscores the significance of Bitcoin scaling solutions, such as roll-ups and sidechains, in reinforcing the cryptocurrency's bullish trajectory. These solutions have gained significant traction since the second half of 2023, with over 50 independent projects actively building upon Bitcoin's base layer. Ark Invest anticipates that the convergence of Bitcoin's price appreciation and the surge in venture capital commitments will sustain these trends throughout the prevailing bullish cycle.

Ark Invest 也強調了比特幣擴容解決方案（例如匯總和側鏈）在強化加密貨幣看漲軌跡方面的重要性。自 2023 年下半年以來，這些解決方案獲得了巨大的關注，有超過 50 個獨立專案積極建構在比特幣基礎層上。 Ark Invest 預計，比特幣價格升值和創投承諾激增的結合將在整個看漲週期中維持這些趨勢。

Navigating Inflationary Pressures

應對通膨壓力

Despite concerns stemming from rising inflation, as indicated by the latest US data, Ark Invest maintains its bullish stance. While acknowledging that elevated inflation may extinguish anticipations of near-term interest rate cuts, Hans-Stefan von Hänisch, Director and Singapore Head of Sales Trading at crypto exchange OS, believes that bullish narratives within the crypto space, such as the highly anticipated halving event and the proliferation of US spot Bitcoin exchange-traded funds, could provide support for prices in the short to medium term.

儘管美國最新數據顯示通膨上升引發擔憂，但 Ark Invest 仍維持看漲立場。加密貨幣交易所 OS 董事兼新加坡銷售交易主管 Hans-Stefan von Hänisch 承認，通膨上升可能會消除近期降息的預期，但他認為，加密貨幣領域的看漲言論，例如備受期待的減半事件以及美國現貨比特幣交易所交易基金的激增，可能會在中短期內為價格提供支撐。

Furthermore, Sean Stein Smith, Associate Professor of Accounting at Lehman College in New York, opines that sustained higher interest rates could encourage investors to seek refuge in high-performing assets like Bitcoin.

此外，紐約雷曼學院會計學副教授肖恩·斯坦·史密斯認為，持續較高的利率可能會鼓勵投資者尋求比特幣等高性能資產的庇護。

Market Movements Reflect Bullish Sentiment

市場走勢反映看漲情緒

The broader cryptocurrency market mirrors the bullish sentiment surrounding Bitcoin. Over the past 24 hours, Bitcoin has experienced a 2.1% uptick, trading at approximately $70,430. Ethereum, the second-largest cryptocurrency by market capitalization, has also exhibited strength, climbing by 1.2% to reach $3,550.

更廣泛的加密貨幣市場反映了圍繞比特幣的看漲情緒。在過去 24 小時內，比特幣上漲了 2.1%，交易價格約為 70,430 美元。市值第二大加密貨幣以太幣也表現強勁，上漲 1.2%，達到 3,550 美元。

Conclusion

結論

Ark Invest's unwavering bullish outlook on Bitcoin serves as a testament to the cryptocurrency's enduring resilience. Despite inflationary headwinds, scaling solutions and a confluence of positive narratives continue to bolster Bitcoin's trajectory. As the cryptocurrency market continues to navigate the evolving economic landscape, Ark Invest's analysis provides a compelling case for Bitcoin's sustained dominance and the potential for further upside in the months and years to come.

Ark Invest 對比特幣堅定不移的看漲前景證明了這種加密貨幣的持久彈性。儘管存在通貨膨脹的阻力，但擴容解決方案和積極敘事的融合繼續支撐著比特幣的發展軌跡。隨著加密貨幣市場繼續在不斷變化的經濟格局中前行，Ark Invest 的分析為比特幣的持續主導地位以及未來幾個月和數年進一步上漲的潛力提供了令人信服的案例。