克里斯托弗伍德 (Christopher Wood) 計劃以 15 萬美元的價格出售比特幣，表示儘管當前市場狀況不佳，但他仍然相信比特幣的潛力

Jefferies 股票策略全球主管 Christopher Wood 宣布，一旦價格達到 15 萬美元，他打算出售其持有的比特幣

Christopher Wood, global head of equity strategy at Jefferies, has announced his intention to sell his Bitcoin holdings once the price reaches $150,000, a 53% increase from current levels.

傑富瑞 (Jefferies) 全球股票策略主管克里斯托弗伍德 (Christopher Wood) 宣布，一旦比特幣價格達到 15 萬美元（較當前水平上漲 53%），他打算出售其持有的比特幣。

Currently, Wood has allocated 10% of his global portfolio for a US dollar-denominated pension fund to Bitcoin.

目前，伍德已將其全球投資組合的 10% 用於以美元計價的退休基金，投資於比特幣。

As of Friday, Bitcoin (BTC) reached a high of $99,300, just shy of the anticipated $100,000 threshold following the US election.

截至週五，比特幣 (BTC) 達到 99,300 美元的高位，略低於美國大選後預期的 10 萬美元門檻。

Wood initially invested in Bitcoin in the pension fund portfolio in December 2020 when the price was $22,779.

伍德最初於 2020 年 12 月在退休基金投資組合中投資了比特幣，當時價格為 22,779 美元。

Additionally, he holds a 5% stake in a Bitcoin exchange-traded fund (ETF) in his global long-only equity portfolio.

此外，他在其全球多頭股票投資組合中持有比特幣交易所交易基金 (ETF) 5% 的股份。

Emphasizing that he does not intend to actively trade these positions, particularly in the pension fund portfolio, Wood expressed his views in his weekly note — GREED & fear.

伍德強調他不打算積極交易這些頭寸，特別是在退休基金投資組合中，他在每週報告中表達了他的觀點——貪婪與恐懼。

“For those with a more tactical focus, or owning Bitcoin on leverage, GREED & fear’s view is that $150,000 is a good price level to start taking some profits since GREED & fear’s base case is that Bitcoin will rally three times in this post-halving cycle since the trend has been for the capital gains on holding Bitcoin to more than halve following each halving cycle,” Wood wrote.

「對於那些更具戰術重點或透過槓桿持有比特幣的人來說，貪婪和恐懼的觀點是，150,000 美元是開始獲利了結的良好價格水平，因為貪婪和恐懼的基本情況是比特幣將在減半後反彈三倍伍德寫道：“趨勢是，在每個減半週期後，持有比特幣的資本收益都會減少一半以上。”

Highlighting the anticipation of a price surge to $150,000, Wood’s strong belief in the potential of Bitcoin is evident, despite current market conditions.

儘管當前的市場狀況不佳，伍德仍然對比特幣的潛力抱有堅定的信念，這凸顯了價格飆升至 15 萬美元的預期。

This optimism is based on the expectation that the new administration under President-elect Donald Trump will implement more favorable regulatory policies towards cryptocurrencies, as indicated by potential changes at the SEC.

這種樂觀情緒是基於對當選總統唐納德·川普領導下的新政府將對加密貨幣實施更有利的監管政策的預期，美國證券交易委員會的潛在變化表明了這一點。

“It is also worth noting that Howard Lutnick, the co-chair of Trump’s transition team as well as Trump’s pick to be Commerce Secretary, is also a champion of Bitcoin and crypto. It is also the case that Lutnick is chief executive officer of Wall Street firm Cantor Fitzgerald, which is one of the major custodians of the crypto world’s major stablecoin Tether in terms of where the latter deposits its dollars,” Wood wrote.

「也值得注意的是，川普過渡團隊聯合主席以及川普挑選的商務部長霍華德·盧特尼克也是比特幣和加密貨幣的擁護者。盧特尼克也是華爾街公司 Cantor Fitzgerald 的首席執行官，該公司是加密貨幣世界主要穩定幣 Tether 的主要託管人之一，後者存放美元。

Bitcoin has experienced significant growth over the past year, increasing by 164% from around $37,000 to nearly $98,300. This growth comes despite the cryptocurrency undergoing a halving in April 2024.

比特幣在過去一年經歷了顯著增長，從 37,000 美元左右上漲到近 98,300 美元，增長了 164%。儘管加密貨幣在 2024 年 4 月經歷了減半，但這種成長還是出現了。

Bitcoin's ups and downs

比特幣的漲跌

Historically, Bitcoin has seen substantial gains following previous halvings. After the first halving on 28 November 2012, Bitcoin's value soared by approximately 90 times within the following 12 months. The second halving, which took place on 9 July 2016, resulted in a 30-fold increase in value over the next 18 months.

從歷史上看，比特幣在之前的減半之後已經出現了大幅上漲。 2012 年 11 月 28 日第一次減半後，比特幣的價值在接下來的 12 個月內飆升了約 90 倍。第二次減半發生於 2016 年 7 月 9 日，導致未來 18 個月價值成長 30 倍。

Following the third halving on 11 May 2020, Bitcoin's value surged by 7.5 times within 11 months, reaching a peak in April 2021. By November 2021, Bitcoin had increased by eight times, reaching an all-time-high of $68,992. After the most recent halving on 19 April 2024, Bitcoin has continued to rise by 54%, reaching levels of $98,300.

繼2020年5月11日第三次減半後，比特幣價值在11個月內飆升7.5倍，並於2021年4月達到頂峰。美元的歷史新高。在 2024 年 4 月 19 日最近一次減半之後，比特幣繼續上漲 54%，達到 98,300 美元的水平。

Based on Coinmarketcap data, Bitcoin surged by 4% over the past 24 hours, reaching a peak of $99,314.95 during Asian trading hours. The lowest point of the day was recorded at $95,656.35. Bitcoin's total market capitalization neared the $2 trillion threshold but was limited to $1.97 trillion for the day.

根據Coinmarketcap數據，比特幣在過去24小時飆升4%，在亞洲交易時段達到99,314.95美元的高峰。當日最低點錄得 95,656.35 美元。比特幣總市值逼近2兆美元大關，但當日僅限於1.97兆美元。

Wood's Bitcoin advice

伍德的比特幣建議

Bitcoin has seen a surge in value following Donald Trump's victory in the US election, securing his position as the next President of the United States. Earlier this year, Trump expressed his support for cryptocurrency assets. His endorsement was further bolstered by the vocal backing of Elon Musk, widely regarded as a significant advocate for digital currencies on a global scale.

唐納德·川普在美國大選中獲勝後，比特幣的價值飆升，確保了他作為下一任美國總統的地位。今年早些時候，川普表達了對加密貨幣資產的支持。他的支持得到了馬斯克(Elon Musk)的大力支持，馬斯克被廣泛認為是全球數位貨幣的重要倡導者。

Even with the recent increase in price, Wood maintains that Bitcoin should not be seen as a replacement for gold. Gold has experienced significant price growth against major currencies since the beginning of 2023, including 73% against the yen, 54% against the renminbi, 50% against the euro, and 40% against the Swiss franc. Instead, Bitcoin should be considered as a digital alternative to traditional assets.

即使最近價格上漲，伍德仍然認為比特幣不應被視為黃金的替代品。自2023年初以來，黃金兌主要貨幣的價格大幅上漲，其中兌日圓上漲73%，兌人民幣上漲54%，兌歐元上漲50%，兌瑞郎上漲40%。相反，比特幣應該被視為傳統資產的數位替代品。

“It is becoming risky to ignore crypto for many institutional investors who have still not focused on it. This is because the Trump administration’s seeming championing of it means it is about

「對於許多尚未關注加密貨幣的機構投資者來說，忽視加密貨幣正變得越來越危險。這是因為川普政府表面上對此的支持意味著它是關於