德州戰略比特幣儲備法案：BTC 指標描繪了 2025 年達到 19 萬美元的道路

擬議的立法旨在讓國庫直接投資比特幣。它試圖推動德克薩斯州的政府機構也開始接受加密貨幣，然後該州可以將其轉換為增加其戰略比特幣儲備。

A bill that would create a state-level Bitcoin (CRYPTO: BTC) reserve in Texas has been advancing through the legislative process, aiming to bolster demand for the cryptocurrency and potentially pave the way for broader acceptance. Here's how it could impact BTC and the market.

一項將在德克薩斯州創建州級比特幣（加密貨幣：BTC）儲備的法案正在通過立法程序推進，旨在提振對加密貨幣的需求，並可能為更廣泛的接受鋪平道路。以下是它對 BTC 和市場的影響。

A Strategic Bitcoin Reserve Could Put Demand on Steroids A Strategic Bitcoin Reserve could prove to be a meaningful tailwind for BTC in 2025. If the government of Texas sets up a Bitcoin reserve, it will create a significant new source of demand for the world’s largest cryptocurrency by market cap.

比特幣戰略儲備可能會帶來類固醇的需求比特幣戰略儲備可能會在2025 年成為BTC 的重要推動力。的新需求來源依市值。

Moreover, the state's vote of confidence may add another layer of legitimacy to Bitcoin, paving the way to more widespread acceptance. In particular, it may encourage institutions to follow suit, leading to a domino effect that further enhances demand and bumps the price up. Finally, a strategic reserve, even at the state level only, could help stabilize the market since it could serve as a consistent buyer during times of volatility. This could reduce price fluctuations and create a more enticing environment for the potential investors.

此外，國家的信任投票可能會為比特幣增添另一層合法性，為更廣泛的接受鋪平道路。特別是，它可能會鼓勵機構效仿，從而產生骨牌效應，進一步增加需求並推高價格。最後，戰略儲備，即使只是在國家層面，也可以幫助穩定市場，因為它可以在波動時期充當穩定的買家。這可以減少價格波動，並為潛在投資者創造一個更具吸引力的環境。

BTC Indicator Paints a Path to $190,000 in 2025 A Bitcoin-specific indicator dubbed the “Golden Ratio Multiplier” suggests the crypto pioneer is contending with the psychologically significant $100,000 resistance at writing. A potential breakout will clear the path for it to hit $127,000 in the near-term and $190,000 by the end of 2025. Bitcoin currently sits comfortably above its 200-day moving average and the wave oscillator indicates bullish momentum as well.

BTC 指標描繪了 2025 年達到 190,000 美元的道路 一項被稱為“黃金比例乘數”的比特幣特定指標表明，這位加密貨幣先驅正在與 100,000 美元的心理重要阻力作鬥爭。潛在的突破將為比特幣在短期內觸及 127,000 美元、到 2025 年底觸及 190,000 美元掃清道路。

That's why Bernstein analyst Gautam Chhugani expects the price of BTC to surpass $200,000 by the end of next year. At first glance, these price targets sure look pompous. But a quick review of historical trends and how well the stage is set for Bitcoin supports such bullish outlooks.

這就是為什麼 Bernstein 分析師 Gautam Chhugani 預計 BTC 的價格到明年年底將超過 20 萬美元。乍一看，這些價格目標確實顯得浮誇。但快速回顧歷史趨勢以及比特幣的發展狀況就支持了這種看漲的前景。

For example, BlackRock (NYSE:BLK) likened Bitcoin to the “Magnificent 7”, noting its risk profile is quite similar to those heavy-weight stocks. On Thursday, it even went on to “recommend” allocating 2.0% of the investable capital to BTC.

例如，貝萊德（NYSE：BLK）將比特幣比作“Magnificent 7”，並指出其風險狀況與那些重量級股票非常相似。週四，它甚至繼續「建議」將可投資資本的 2.0％分配給 BTC。

Remember, it's one thing to take a bullish stance, but when an institution, and that too the world's largest asset manager itself “recommends” investing in Bitcoin, the world typically listens.

請記住，採取看漲立場是一回事，但當一家機構以及全球最大的資產管理公司本身「建議」投資比特幣時，全世界通常都會傾聽。

So, it's conceivable that this digital store of value may be set to attract a lot more of institutional demand in the coming year. More importantly, institutional outside of the US have started investing in Bitcoin as well. For example, AMP – Australia's pension fund recently parked $27 million in BTC.

因此，可以想像，這種數位價值儲存手段可能會在來年吸引更多的機構需求。更重要的是，美國以外的機構也開始投資比特幣。例如，澳洲退休基金 AMP 最近存放了 2,700 萬美元的 BTC。

Trump Reiterates Commitment to Embracing Bitcoin Trump's commitment to making America the global leader in cryptocurrency is increasingly turning Wall Street into a believer of Bitcoin. Much like Bernstein, Geoff Kendrick of Standard Chartered also expects the price of BTC to double to $200,000 by the end of 2025.

川普重申擁抱比特幣的承諾 川普致力於讓美國成為加密貨幣的全球領導者，這讓華爾街越來越成為比特幣的信徒。與 Bernstein 非常相似，渣打銀行的 Geoff Kendrick 也預計 BTC 的價格到 2025 年底將翻一番，達到 20 萬美元。

That's because Donald Trump reiterated the urgency of embracing blockchain and crypto technologies this week to stay ahead of political rivals like China. There have already been rumors that Beijing may consider establishing a Bitcoin reserve.

這是因為唐納德·川普本週重申了採用區塊鏈和加密技術的緊迫性，以保持領先於中國等政治對手的優勢。已經有傳言稱北京可能考慮建立比特幣儲備。

The best part is that Bitcoin is insulated from the political nuances. It's not like the price of BTC will benefit only if the United States establishes such a reserve. If China, or any other country for that matter, sets up a Bitcoin reserve as well – all the better.

最好的部分是比特幣不受政治細微差別的影響。並不是只有美國建立這樣的儲備，比特幣的價格才會受益。如果中國或任何其他國家也建立比特幣儲備——那就更好了。

Additionally, the Crypto Fear and Greed Index currently sits at 76, indicating extreme greed and heightened demand among investors. If the crypto market is attracting such demand based only on discussions of pro-crypto initiatives, imagine the surge that may unleash once these policies are enacted.

此外，加密貨幣恐懼和貪婪指數目前為 76，顯示投資者極度貪婪和需求增加。如果加密市場只是基於支持加密倡議的討論來吸引這種需求，想像一旦這些政策頒布，可能會釋放出激增的需求。

So, Bitcoin may be headed for significant further gains in 2025 as talks of a Bitcoin reserve and a more accommodative crypto regulatory framework under the new government makes major institutional players recognize the asset's potential as a digital store of value and a hedge against inflation. As Wall Street money continues to flow, the price of BTC will likely have nowhere to go in 2025 but up and up again.

因此，比特幣可能會在 2025 年進一步大幅上漲，因為有關比特幣儲備和新政府下更寬鬆的加密貨幣監管框架的討論使主要機構參與者認識到該資產作為數位價值存儲和對沖通膨的潛力。隨著華爾街資金繼續流動，比特幣的價格在 2025 年可能不會有任何發展，只會不斷上漲。