貝萊德的比特幣積累策略是邁向主流加密貨幣的巨大一步

作為世界上最大的資產經理，貝萊德（Blackrock）的比特幣積累策略是邁出主流加密貨幣的巨大一步。

In the dynamic realm of cryptocurrency, the footprints of large institutions are often a beacon for broader market trends. One entity that has been closely watched for its moves in Bitcoin is BlackRock, the world’s largest asset manager.

在加密貨幣的動態領域中，大型機構的足跡通常是更廣泛的市場趨勢的燈塔。全球最大的資產經理貝萊德（BlackRock）是一個密切關注其在比特幣中的舉動的實體。

As retail adoption brought cryptocurrencies like Bitcoin to the forefront of popular finance, institutions like BlackRock are now spearheading the transition to mainstream integration.

隨著零售的採用使像比特幣這樣的加密貨幣成為流行金融的最前沿，諸如貝萊德這樣的機構現在正在將過渡到主流整合。

With each BTC purchase, the company not only influences market dynamics but also signals a vote of confidence in Bitcoin’s long-term value. Tracking their activity provides valuable information into what the big institutions are doing.

每次購買BTC，該公司不僅會影響市場動態，而且還標誌著比特幣長期價值的信心投票。跟踪他們的活動為大型機構所做的事情提供了寶貴的信息。

Recent reports indicate significant moves by BlackRock, including a $145 million purchase of BTC in March 2025. Let’s take a closer look.

最近的報告表明，貝萊德採取了重大舉動，其中包括2025年3月購買BTC的1.45億美元。讓我們仔細看看。

Key highlights:

關鍵亮點：

* Bitcoin has become a key asset for institutional investors, especially in the low-interest-rate environment of recent years.

*比特幣已成為機構投資者的關鍵資產，尤其是在近年來的低利率環境中。

* While retail investors initially drove cryptocurrency adoption, institutions like BlackRock are now accelerating this shift.

*雖然散戶投資者最初推動了加密貨幣採用，但像貝萊德這樣的機構現在正在加速這一轉變。

* This transition signals potential for Bitcoin to serve as a transformative financial asset.

*這種過渡信號是比特幣作為變革性金融資產的潛力。

* After years of speculation and anticipation, large-scale institutional investors are making a substantial presence in the cryptocurrency market.

*經過多年的猜測和預期，大規模的機構投資者在加密貨幣市場中佔有重要地位。

* Though retail investors undoubtedly played a key role in the initial stages of cryptocurrencies like Bitcoin, the entry of institutional investors marks a new chapter.

*儘管散戶投資者無疑在比特幣等加密貨幣的初始階段發揮了關鍵作用，但機構投資者的進入卻標誌著新篇章。

Why institutional investors are focusing on Bitcoin

為什麼機構投資者專注於比特幣

Bitcoin went from being a niche asset to a global focal point for institutional investors. Retail adoption certainly put the cryptocurrency on the map, but institutions like BlackRock are now leading the way. This transition from the former to the latter is what will determine Bitcoin’s ability to serve as a truly transformative financial asset.

比特幣從成為利基資產轉變為機構投資者的全球焦點。零售的採用肯定會將加密貨幣放在地圖上，但是像貝萊德這樣的機構現在正處於領先地位。從前者到後者的這種過渡將決定比特幣作為真正變革性金融資產的能力。

To understand this shift, we need to look at how retail demand set the stage for Bitcoin’s initial rise.

為了了解這一轉變，我們需要研究零售需求如何為比特幣的初始上升奠定了基礎。

Retail adoption sparked cryptocurrency's initial wave

零售收養引發了加密貨幣的初始波浪

In the early days, Bitcoin’s popularity was largely driven by retail investors—individuals who were interested in decentralized finance and its potential to disrupt traditional markets. Top crypto exchanges like Coinbase and Binance played a key role in making Bitcoin accessible to a broader audience, which facilitated early adoption.

在早期，比特幣的受歡迎程度在很大程度上是由散戶投資者驅動的，這些投資者對分散的金融感興趣及其破壞傳統市場的潛力。 Coinbase和Binance之類的頂級加密交流在使更廣泛的受眾群體可以訪問比特幣方面發揮了關鍵作用，這有助於早期採用。

However, as Bitcoin matured and its market cap expanded, institutional players began to take notice. For firms like BlackRock, the attraction lies in Bitcoin’s ability to offer opportunities that no other asset does.

但是，隨著比特幣成熟及其市值的擴大，機構參與者開始引起注意。對於貝萊德（BlackRock）等公司而言，吸引力在於比特幣提供其他資產沒有其他資產的機會的能力。

Institutions have the resources to handle Bitcoin’s volatility—even take advantage of it—and they see it as a strategic long-term hold. When Blackrock decided to join the likes of MicroStrategy as one of the top BTC holders, it signaled a shift from speculative investing toward a more structured adoption of Bitcoin as a part of diversified portfolios.

機構有資源來處理比特幣的波動性（甚至利用它），他們認為這是戰略性的長期持有。當BlackRock決定加入MicroStrategy作為BTC頂級持有人之一時，這表明從投機投資轉向更結構化的比特幣作為多元化投資組合的一部分。

This surge of institutional demand has brought substantial liquidity and legitimacy to the cryptocurrency market.

這種機構需求激增為加密貨幣市場帶來了大量的流動性和合法性。

Of course, institutional adoption is good for financial returns, but it’s also affecting how Bitcoin is perceived. Once seen as an asset class that’s highly risky, Bitcoin is now entering conversations about risk management and portfolio optimization.

當然，機構採用對財務回報有益，但它也影響了比特幣的感知方式。一旦被視為高度風險的資產類別，比特幣現在正在輸入有關風險管理和投資組合優化的對話。

This shift in narrative is crucial for mainstream investors who are used to seeing bonds, stocks, and real estate as the core components of investment funds.

敘事的這種轉變對於習慣於將債券，股票和房地產視為投資基金的核心組成部分的主流投資者至關重要。

BlackRock’s continued purchases of Bitcoin also attest to institutions’ belief in cryptocurrency’s long-term prospects. For instance, analysts have noted how corporate and institutional buyers are helping to fuel narratives such as Bitcoin’s potential to hit $150,000 and beyond.

貝萊德繼續購買比特幣也證明了機構對加密貨幣的長期前景的信念。例如，分析師指出，公司和機構購買者如何幫助諸如比特幣有可能達到150,000美元及以後的敘述。

Benefits of Bitcoin for institutional portfolios

比特幣對機構投資組合的好處

Why are big players like BlackRock betting on Bitcoin? It boils down to diversification, growth potential, and hedging against economic uncertainty.

為什麼像貝萊德（BlackRock）這樣的大球員在比特幣上投注？這歸結為多元化，增長潛力和對沖經濟不確定性。

As the world’s largest asset manager, BlackRock’s investment strategy has implications for broader market trends. Institutional investors are recognizing Bitcoin’s unique properties as an asset.

作為世界上最大的資產經理，貝萊德的投資策略對更廣泛的市場趨勢具有影響。機構投資者將比特幣的獨特財產視為資產。

While reports of BlackRock pivoting to crypto may appear recent, the firm has been gradually increasing its presence in the cryptocurrency domain over the past few years.

儘管有關加密貨幣的貝萊德（Blackrock）的報導可能最近出現，但在過去幾年中，該公司一直在逐漸增加其在加密貨幣領域的存在。

Earlier in 2023, BlackRock applied to convert its iShares Bitcoin Trust to an ETF. This move was seen as pivotal, as the SEC previously rejected a similar application from Winklevoss twins’ firm in 2016.

2023年早些時候，BlackRock申請將其ISHARES比特幣信任轉換為ETF。這一舉動被視為關鍵，因為SEC先前在2016年拒絕了Winklevoss Twins公司的類似申請。

The iShares Bitcoin Trust (IBIT) is one of the most prominent Bitcoin ETFs in recent times. In March 2025, the ETF reached a milestone with record-breaking inflows, accumulating $537.5 million in a single week.

iShares比特幣信託（IBIT）是最近最突出的比特幣ETF之一。 2025年3月，ETF達到了一個里程碑，並以創紀錄的流入，一周內積累了5.375億美元。

Analysts have noted how Bitcoin ETFs like BlackRock’s bolster the reputation of Bitcoin-based financial products. In the words of Mizuho Securities analysts, “The fact that BlackRock is now applying to launch a spot Bitcoin ETF is a game-changer.”

分析師指出，像BlackRock的比特幣ETF如何增強基於比特幣的金融產品的聲譽。用瑞am證券分析師的話說：“貝萊德現在正在申請發射現場比特幣ETF的事實是改變遊戲規則的人。”

This level of adoption is also driving competitive interest among other asset managers, creating a domino effect that accelerates institutional Bitcoin accumulation. The sustained growth in ETF investments signals a new era for Bitcoin, where traditional finance combines with cryptocurrency in a way that could significantly

這種採用水平也在其他資產經理之間引起競爭利益，從而產生了加速機構比特幣積累的多米諾骨牌效應。 ETF投資的持續增長標誌著比特幣的新時代，傳統財務與加密貨幣相結合的方式可以很大程度上顯著