渣打銀行將比特幣目標價上調至 15 萬美元，理由是 ETF 資金流入強勁

渣打銀行已將 2024 年比特幣價格目標從 10 萬美元修改為 15 萬美元，理由是比特幣現貨 ETF 資金流入強勁且價格趨勢積極。基於黃金類比和外匯儲備管理者的資金流入潛力，該銀行維持 2025 年 20 萬美元的目標。

Standard Chartered Hikes Bitcoin Price Target to $150,000, Citing Strong ETF Inflows

渣打銀行將比特幣目標價上調至 15 萬美元，理由是 ETF 資金流入強勁

Standard Chartered Bank has raised its price target for Bitcoin to $150,000, a significant increase from its previous estimate of $100,000. This upward revision stems from several factors, including the sustained inflows into recently launched Bitcoin spot exchange-traded funds (ETFs) in the United States and the subsequent positive price momentum of the cryptocurrency.

渣打銀行將比特幣的目標價上調至 15 萬美元，較先前預估的 10 萬美元大幅上漲。這項向上修正源自於多個因素，包括美國最近推出的比特幣現貨交易所交易基金（ETF）的持續流入以及隨後加密貨幣的正向價格動能。

"For 2024, given the larger than expected price increases since the start of the year, we now see potential for the BTC price to reach the $150,000 level by the end of the year, up from our previous estimate of $100,000," Geoffrey Kendrick and his team of analysts wrote in a report published Monday.

「對於 2024 年，鑑於自年初以來價格漲幅超出預期，我們現在認為 BTC 價格有可能在年底前達到 15 萬美元的水平，高於我們之前估計的 10 萬美元，」Geoffrey Kendrick 和他的分析師團隊在周一發布的一份報告中寫道。

The report highlights the outperformance of Bitcoin ETF inflows compared to the growth in Bitcoin derivatives open interest. This indicates a more sustainable overall positioning, as opposed to the stretched levels seen in 2021. Analysts believe that a significant portion of these inflows are likely attributable to retirement-type accounts.

報告強調，與比特幣衍生性商品未平倉合約的成長相比，比特幣 ETF 流入的表現優於比特幣 ETF。這表明整體定位更加可持續，而不是 2021 年出現的緊張程度。分析師認為，這些資金流入的很大一部分可能來自退休型帳戶。

Currently trading around $68,000, Bitcoin reached a high of over $73,000 earlier this month.

比特幣目前的交易價格約為 68,000 美元，本月初觸及超過 73,000 美元的高點。

Bitcoin Price Target for 2025: $200,000 and Beyond

2025 年比特幣價格目標：20 萬美元以上

Standard Chartered maintains its Bitcoin price target of $200,000 for the end of 2025. This target is based on the analogy to gold, specifically the evolution of the gold price following the introduction of gold ETFs in the United States. The analysts have optimized a portfolio consisting of 80% gold and 20% Bitcoin, suggesting that Bitcoin's price would need to reach $190,000 to achieve this allocation.

渣打銀行維持 2025 年底比特幣目標價為 20 萬美元。該目標是基於與黃金的類比，特別是美國推出黃金 ETF 後金價的演變。分析師優化了由 80% 黃金和 20% 比特幣組成的投資組合，這表明比特幣的價格需要達到 19 萬美元才能實現這一配置。

However, the bank acknowledges the potential for exceeding this target if spot Bitcoin ETF inflows reach its median estimate of $75 billion or if foreign exchange reserve managers begin purchasing Bitcoin. In such a scenario, the price could potentially climb to $250,000 at some point in 2025.

然而，該銀行承認，如果現貨比特幣 ETF 流入量達到 750 億美元的中位數估計，或者如果外匯儲備管理者開始購買比特幣，則有可能超過這一目標。在這種情況下，價格可能會在 2025 年的某個時候攀升至 25 萬美元。

"Foreign reserves constitute another important (potential) liquidity pool, which could follow in the footsteps of new US pension funds," the analysts said. "If they do so, we expect the largest and most liquid assets – such as Bitcoin – to receive the most inflows. We see an increasing likelihood that large reserve managers will announce the purchase of BTC in 2024."

分析師表示：“外匯儲備構成了另一個重要的（潛在）流動性池，它可能會追隨美國新退休基金的腳步。” 「如果他們這樣做，我們預計最大、最具流動性的資產——比如比特幣——將獲得最多的資金流入。我們認為大型儲備管理者宣佈在2024 年購買BTC 的可能性越來越大。 」

Disclaimer:

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The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions.

本文提供的資訊僅供參考，不應被視為財務建議。在做出任何投資決定之前，投資者應自行進行盡職調查並諮詢合格的財務顧問。