Bitwise 預測隨著機構擁抱加密貨幣，將有數兆美元透過 ETF 流入比特幣

Bitwise 首席投資長 Matthew Hougan 表示，隨著機構投資者逐漸接受加密貨幣，預計他們將透過交易所交易基金 (ETF) 向比特幣 (BTC) 注入高達 1 兆美元。

Bitwise Predicts Trillion-Dollar Institutional Inflow into Bitcoin via ETFs

Bitwise 預測機構將透過 ETF 流入比特幣

In a comprehensive memo to investment professionals, Bitwise Chief Investment Officer Matthew Hougan has outlined a compelling case for the future of Bitcoin (BTC), emphasizing the pivotal role of exchange-traded funds (ETFs) in attracting institutional capital.

在給投資專業人士的綜合備忘錄中，Bitwise 首席投資長Matthew Hougan 為比特幣(BTC) 的未來概述了一個令人信服的案例，強調了交易所交易基金(ETF) 在吸引機構資本方面的關鍵作用。

ETF Revolution Unlocking Institutional Interest

ETF革命釋放機構利益

Hougan anticipates a staggering $1 trillion influx into Bitcoin through ETFs as institutional investors embrace cryptocurrencies. The recent approvals of spot Bitcoin ETFs in January have marked a watershed moment, opening up the asset class to a broader investor base.

Hougan 預計，隨著機構投資者擁抱加密貨幣，將有 1 兆美元透過 ETF 流入比特幣。最近在一月份批准的現貨比特幣 ETF 標誌著一個分水嶺，向更廣泛的投資者群體開放了該資產類別。

Long-Term Outlook Trumps Short-Term Volatility

長期前景勝過短期波動

Acknowledging the short-term price volatility that characterizes Bitcoin, Hougan urges a long-term perspective, dismissing it as a transient phenomenon. He highlights a series of upcoming events, including the Bitcoin halving and the potential approval of spot Bitcoin ETFs on major platforms like Morgan Stanley and Wells Fargo, as catalysts for sustained growth.

霍根承認比特幣的特徵是短期價格波動，因此他主張從長遠角度看待，並將其視為短暫現象。他強調了一系列即將發生的事件，包括比特幣減半以及摩根士丹利和富國銀行等主要平台可能批准現貨比特幣 ETF，作為持續成長的催化劑。

Due Diligence Delaying Institutional Commitments

盡職調查延遲了機構承諾

Hougan emphasizes that investment committees and consultants are meticulously conducting due diligence on Bitcoin, a necessary step before formal investments can be made. This process, he notes, takes time, and institutional inflows will materialize gradually.

Hougan 強調，投資委員會和顧問正在認真地對比特幣進行盡職調查，這是進行正式投資之前的必要步驟。他指出，這個過程需要時間，機構資金流入將逐漸實現。

Bull Market Raging, Supported by Strong Fundamentals

牛市洶湧，基本面支撐強勁

Despite the current price fluctuations, Hougan maintains an unwavering belief in Bitcoin's long-term bull market status. Supported by a nearly 300% surge in the past 15 months, he cites compelling reasons for this optimism to continue.

儘管當前價格波動，Hougan仍對比特幣的長期牛市地位保持堅定不移的信念。在過去 15 個月近 300% 的飆升的支撐下，他列舉了令人信服的理由來維持這種樂觀情緒。

Trillion-Dollar Inflow Potential from Wealth Managers

財富管理機構帶來數兆美元的流入潛力

Hougan believes that the $12 billion invested in Bitcoin ETFs since their inception is merely a down payment. Once global wealth managers begin allocating even 1% of their portfolios to Bitcoin, it would translate into a $1 trillion inflow into the space.

Hougan 認為，自比特幣 ETF 成立以來投資的 120 億美元只是首付。一旦全球財富管理機構開始將其投資組合的 1% 分配給比特幣，這將意味著 1 兆美元流入該領域。

Patience and Long-Term Perspective Crucial

耐心和長遠眼光至關重要

Hougan acknowledges the potential for short-term price swings as sentiment shifts. However, he counsels patience, emphasizing that Bitcoin's long-term trajectory remains bullish. He urges investors to "keep calm and take the long view," recognizing that the onboarding of professional investors is a gradual process that will take years to fully materialize.

霍根承認，隨著情緒的變化，價格可能會出現短期波動。不過，他建議保持耐心，並強調比特幣的長期軌跡仍然看漲。他敦促投資者“保持冷靜，著眼長遠”，並認識到專業投資者的加入是一個漸進的過程，需要數年時間才能完全實現。