比特幣 ETF：加密革命的引擎

2024 年，在機構熱情的推動下，美國比特幣 ETF 創下了創紀錄的成長。他們很快就管理著 1,100 億美元的資金，佔據了主導地位，吸收了比特幣新投資的 75%。這種繁榮實際上正在改變加密貨幣的模式。

American Bitcoin ETFs are continuing their spectacular rise, capturing an increasing share of the global supply and now holding 5.7% of the total BTC in circulation, or nearly $110 billion in assets.

美國比特幣 ETF 正在繼續其驚人的成長，在全球供應中所佔的份額越來越大，目前持有比特幣流通總量的 5.7%，即近 1,100 億美元的資產。

Institutions are snapping up Bitcoin (BTC) at a record pace, with American ETFs leading the way to absorb 75% of new investments in the cryptocurrency. This institutional enthusiasm is pushing Bitcoin to new heights, with some analysts predicting that the apex crypto could reach $200,000 this year.

機構正在以創紀錄的速度搶購比特幣 (BTC)，其中美國 ETF 引領潮流，吸收了 75% 的加密貨幣新投資。這種機構熱情正在將比特幣推向新的高度，一些分析師預測今年加密貨幣的最高價格可能會達到 20 萬美元。

Bitcoin ETFs: engines of a cryptographic revolution

比特幣 ETF：加密革命的引擎

2024 saw American Bitcoin ETFs clock a record growth, fueled by massive institutional fanfare. With $110 billion quickly under management, they come to dominate the scene. This institutional frenzy is hardly surprising, given that ETFs offer an easy and efficient way to gain exposure to digital assets.

2024 年，在機構的大力宣傳推動下，美國比特幣 ETF 出現了創紀錄的成長。隨著 1100 億美元的快速管理，他們開始佔據主導地位。鑑於 ETF 提供了一種簡單而有效的方式來獲得數位資產，這種機構狂熱並不令人意外。

This boom is transforming the crypto landscape, to the point where the BlackRock fund, for example, is more than just a simple ETF: it’s now the 34th largest fund in the world, putting it in competition with traditional financial products. This success is reinforcing the idea that Bitcoin ETFs are simplifying access for financial giants, ultimately driving BTC past $100,000 in 2024.

這種繁榮正在改變加密貨幣的格局，例如貝萊德基金已經不僅僅是一個簡單的 ETF：它現在是全球第 34 大基金，使其與傳統金融產品競爭。這一成功強化了這樣一種理念：比特幣 ETF 正在簡化金融巨頭的准入，最終推動 BTC 在 2024 年突破 10 萬美元。

Here are some key figures in the Bitcoin ETF market:

以下是比特幣 ETF 市場的一些關鍵人物：

American Bitcoin ETFs recorded a 10X growth in 2024, with assets rising from $11 billion to over $110 billion.

2024 年，美國比特幣 ETF 成長了 10 倍，資產從 110 億美元增加到超過 1,100 億美元。

They now hold 5.7% of the total BTC supply, or nearly a quarter of the 5.3 million coins mined to date.

他們現在持有 BTC 總供應量的 5.7%，即迄今為止開採的 530 萬枚比特幣的近四分之一。

This institutional enthusiasm is pushing Bitcoin to new all-time highs, with the coin trading above $96,000 for several weeks now.

這種機構熱情正在將比特幣推向歷史新高，該幣的交易價格已連續幾週高於 96,000 美元。

In short, Bitcoin ETFs are changing the rules of the game, to the point where nothing seems to be able to slow their progress.

簡而言之，比特幣 ETF 正在改變遊戲規則，以至於似乎沒有什麼可以減緩其進程。

Predictions: Bitcoin at $200,000, dream or reality?

預測：比特幣價格達到 20 萬美元，是夢想還是現實？

In this context of growth, analysts are sharpening their predictions. Bitget Research’s Ryan Lee envisions a BTC at $200,000 this year, supported notably by the expansion of ETFs and massive institutional adoption. But he tempers this by adding that “regulations and the overall economic dynamic will play a key role in this trajectory.”

在這種成長背景下，分析師們正在加強他們的預測。 Bitget Research 的 Ryan Lee 預計，今年 BTC 的價格將達到 20 萬美元，這主要得益於 ETF 的擴張和機構的大規模採用。但他補充道，“監管和整體經濟動態將在這一軌跡中發揮關鍵作用”，從而緩和了這一點。

Predictions are also taking off on social media, with Robert Kiyosaki, the famous author, tweeting: “My prediction for Bitcoin in 2025: between $175,000 and $350,000!”

社群媒體上的預測也在興起，著名作家羅伯特清崎在推特上寫道：“我對 2025 年比特幣的預測：在 175,000 美元到 350,000 美元之間！”

Another notable optimist, Mike Novogratz, sees BTC reaching $180,000, or even $800,000 in seven years.

另一位著名的樂觀主義者 Mike Novogratz 認為 BTC 在 7 年內將達到 18 萬美元，甚至 80 萬美元。

Despite everything, Bitcoin remains under pressure, with resistances at $97,600 and $99,000 acting as barriers to be crossed. But if BTC manages to break through these levels, over a billion dollars in short positions could be liquidated, triggering a new surge.

儘管如此，比特幣仍然面臨壓力，97,600 美元和 99,000 美元的阻力位是需要跨越的障礙。但如果 BTC 成功突破這些水平，超過 10 億美元的空頭部位可能會被清算，引發新一輪飆升。

Bitcoin ETFs are thus paving an unprecedented path towards global adoption. Franklin Templeton sees even further: in 2025, BTC could dominate global reserves, from governments to financial giants. The queen of cryptos is more than ever ready to reign.

因此，比特幣 ETF 為全球採用鋪平了前所未有的道路。富蘭克林鄧普頓的眼光甚至更遠：到 2025 年，比特幣可能會主導從政府到金融巨頭的全球儲備。加密貨幣女王比以往任何時候都更準備好統治。