散戶投資者出售時，機構正在累積比特幣（BTC） - 盧卡斯Outcalt

主權財富基金和其他機構在2025年4月積累了比特幣（BTC），而零售商人正在退出市場

Sovereign wealth funds and other institutions were accumulating Bitcoin (BTC) during April 2025, while retail traders were exiting the markets via exchange-traded funds (ETFs) and spot markets, according to John D’Agostino, the head of strategy at Coinbase Institutional.

Coinbase Institutional Coinbase Institational的戰略負責人John D'Agostino表示，主權財富基金和其他機構在2025年4月在2025年4月積累了比特幣（BTC），而零售商人則通過交易所交易基金（ETF）和現貨市場退出市場。

Speaking about the buying activity by institutions during an appearance on CNBC on April 24, the Coinbase executive likened Bitcoin to gold and said that many institutional buyers bought BTC as a hedge against currency inflation and macroeconomic uncertainty. The Coinbase executive said:

在談到機構在4月24日在CNBC出場期間的購買活動時，Coinbase高管將比特幣比作黃金，並說許多機構買家購買了BTC作為貨幣通貨膨脹和宏觀經濟不確定性的對沖。 Coinbase主管說：

“When you do the work, there’s a very short list of assets that mirror the characteristics of gold. Bitcoin is on that shortlist, and it’s the only one that comes to mind in the past 50 to 100 years.”

“當您完成工作時，有一大批資產清單反映了黃金的特徵。比特幣在此名單上，這是過去50至100年中唯一想到的。”

In recent months, governments and financial institutions have increasingly adopted Bitcoin to protect purchasing power and the value of their treasuries in the face of macroeconomic shocks and geopolitical tensions.

近幾個月來，面對宏觀經濟衝擊和地緣政治緊張局勢，政府和金融機構越來越多地採用比特幣來保護購買力及其國庫的價值。

Institutions adopt Bitcoin reserve strategies to combat inflation

機構採用比特幣儲備策略來打擊通貨膨脹

Sovereign countries like El Salvador and Bhutan have adopted national Bitcoin reserves and actively purchase Bitcoin for their reserves.

埃爾·薩爾瓦多（El Salvador）和不丹（Bhutan）等主權國家已經採用了國家比特幣儲備金，並積極購買比特幣的儲量。

Municipalities and state governments have also adopted pro-Bitcoin policies and proposed legislation to accumulate Bitcoin to protect the purchasing power of treasuries from depreciating fiat currencies.

市政當局和州政府還採取了親比特幣政策和擬議的立法來積累比特幣，以保護國庫的購買力免於貶值法定貨幣。

Michael Saylor and Strategy, formerly known as MicroStrategy, popularized the corporate Bitcoin treasury concept now adopted by a growing list of companies, including MARA, MetaPlanet, and Semler Scientific.

邁克爾·塞勒（Michael Saylor）和戰略（以前稱為MicroStrategy）普及了公司比特幣國庫概念，該概念現在由越來越多的公司（包括Mara，Metaplanet和Semler Scientific）採用。

The executive also transformed the business software and intelligence company into a Bitcoin holding firm, akin to a BTC hedge fund.

高管還將商業軟件和情報公司轉變為比特幣控股公司，類似於BTC對沖基金。

On April 20, Saylor announced that over 13,000 institutions have direct exposure to Strategy, while an estimated 55 million beneficiaries have indirect financial exposure to the company.

4月20日，塞勒宣布，超過13,000個機構有直接接觸戰略，而估計有5500萬受益人則間接向公司進行財務敞口。

Bitcoin recently surpassed Google in market capitalization, making Bitcoin one of the top five assets in the world, ranking above Amazon and Silver and showcasing the supply-capped digital asset’s meteoric growth since 2009.

比特幣最近超過了Google的市值，使比特幣成為世界上五大資產之一，排在亞馬遜和銀色和銀色之上，並展示了自2009年以來供應封建的數字資產的眾多增長。