標題：世界上最大的資產經理斷言，沒有足夠的比特幣（BTC）來滿足美國百萬富翁的需求。

在最近的一份名為“為什麼要比特幣？貝萊德分析師邁克爾·蓋茨（Michael Gates）和布雷特·瓦格（Brett Wager）強調，比特幣的需求是無彈性的

According to the world’s largest asset manager, there isn't enough Bitcoin (BTC) to meet demand from American millionaires alone.

根據世界上最大的資產經理的說法，僅比特幣（BTC）僅滿足美國百萬富翁的需求。

In a recent report titled “Why Bitcoin? A Perspective from Model Portfolio Builders,” BlackRock (BLK) analysts Michael Gates and Brett Wager note that Bitcoin’s demand is inelastic, contrasting sharply with gold.

在最近的一份名為“為什麼要比特幣？ BlackRock（BLK）分析師Michael Gates和Brett Wager指出，比特幣的需求是無彈性的，與黃金形成鮮明對比。

The analysts add that, unlike the yellow metal, BTC cannot handle excess demand with increased supply due to its hard-capped supply and predetermined inflation schedule.

分析師補充說，與黃金不同，BTC由於其硬封面的供應和預定的通貨膨脹時間表而無法處理過量需求，因此供應增加。

“It is widely known that there is a predictable issuance schedule for new bitcoin until 2140, capped at a maximum supply of 21 million tokens. Less recognized is that the actual available float may be significantly smaller, with a conservative estimate suggesting that 3 to 4 million bitcoins are considered permanently inaccessible (and thus out of circulation) because they are lost, forgotten, or otherwise destroyed keys.”

“眾所周知，直到2140年，新比特幣的發行時間表可預測，最高供應2100萬個令牌。較少認可的是，實際可用的浮點可能要小得多，保守的估計表明，3至400萬比特幣被認為是永久無法訪問（因此退出），因為它們被丟失，遺忘或以其他方式銷毀的鑰匙。”

“To put the scarcity of available bitcoins in perspective, if every millionaire in the U.S. requested their financial advisor to buy one bitcoin, there wouldn’t be enough to satisfy that demand.”

“將可用比特幣的稀缺性視為視角，如果美國的每一百萬富翁都要求他們的財務顧問購買一個比特幣，那麼就不足以滿足這一需求。”

BlackRock’s Model Portfolio Solutions team sees several “substantial arguments that underpin Bitcoin’s long-term investment case.”

BlackRock的Model Portfolio Solutions團隊看到了幾個“基礎比特幣長期投資案例的實質性論點”。

“Specifically, it may serve as a new store of value and global monetary asset, a hedge against U.S. dollar hegemony and political instability, and a proxy for the broader shift from ‘offline’ to ‘online’ goods and services—furthermore amplified by the demographic shift from boomers to millennials. Together, these characteristics might provide unique and additional sources of risk premiums and diversification for traditional multi-asset portfolios.”

“具體來說，它可以作為價值和全球貨幣資產的新存儲，對美元霸權和政治動蕩的對沖，以及從“離線”到“在線”商品和服務的更廣泛轉變的代理，這是由於人群從Boomers向千禧一代轉移而放大的。這些特徵共同為傳統的多資產組合提供了獨特的風險溢價和多元化來源。”

At press time, Bitcoin is trading at $85,381.

發稿時，比特幣的交易價格為85,381美元。

Don't Miss a Beat Subscribe for email alerts Check Price Action Follow us on X, Facebook, and Telegram Surf The Daily Hodl Mix

不要錯過Beat訂閱電子郵件警報檢查價格動作在X，Facebook和Telegram上關注我們每日HODL混音