伯恩斯坦肯定了比特币的乐观态度，预计价值将大幅飙升

尽管近期比特币 ETF 流量出现下滑，但研究公司 Bernstein 对该资产的未来价值仍持乐观态度，预计到 2025 年将大幅上涨至 15 万美元。分析师将比特币 ETF 放缓归因于短期因素，并预计随着 ETF 在金融领域获得更广泛的接受，比特币 ETF 的价值将强劲上升。平台。他们强调人们越来越认识到比特币作为投资组合的组成部分，并预计以太坊在预期的监管决定之后可能会飙升。

Bernstein Maintains Optimism for Bitcoin, Predicts Significant Value Surge

伯恩斯坦对比特币保持乐观，预测价值大幅飙升

Despite a recent slowdown in spot Bitcoin exchange-traded fund (ETF) flows, research and brokerage firm Bernstein remains bullish on the leading cryptocurrency, anticipating a substantial increase in its value over the long term.

尽管最近现货比特币交易所交易基金（ETF）流量放缓，但研究和经纪公司伯恩斯坦仍然看好这种领先的加密货币，预计其价值从长远来看将大幅上涨。

Temporary Slowdown in ETF Flows

ETF 流量暂时放缓

In a recent client note, Bernstein analysts Gautam Chhugani and Mahika Sapra acknowledged the decline in Bitcoin ETF inflows but emphasized that it should not be interpreted as a cause for concern. They characterized the current slowdown as a brief pause and expect a robust uptick in the future.

在最近的一份客户报告中，伯恩斯坦分析师 Gautam Chhugani 和 Mahika Sapra 承认比特币 ETF 流入量下降，但强调这不应被解释为令人担忧的原因。他们将当前的放缓描述为短暂的停顿，并预计未来将出现强劲增长。

The analysts pointed out that Bitcoin's year-to-date returns remain impressive, standing at approximately 46%, even after a slight dip in daily inflows since reaching a peak in March. They believe that over time, as ETFs become more integrated across various financial platforms, such as private banks and wealth advisory services, the decline in inflows will reverse.

分析师指出，尽管自 3 月份达到峰值以来每日流入量略有下降，但比特币今年迄今的回报率仍然令人印象深刻，约为 46%。他们认为，随着时间的推移，随着 ETF 在私人银行和财富咨询服务等各种金融平台上变得更加一体化，资金流入的下降趋势将会逆转。

Bitcoin as a Portfolio Component

比特币作为投资组合的组成部分

Bernstein analysts underscored the growing need for Bitcoin to be recognized as an essential component of portfolio allocations. However, they acknowledged that broader adoption will require time as compliance frameworks evolve and financial platforms actively promote these ETF products.

伯恩斯坦分析师强调，越来越需要将比特币视为投资组合配置的重要组成部分。然而，他们承认，随着合规框架的发展和金融平台积极推广这些 ETF 产品，更广泛的采用需要时间。

Target Price of $150,000

目标价 150,000 美元

In a separate tweet, Adrian Zduńczyk, a chartered market technician, cited Bernstein's prediction that Bitcoin could reach a target price of $150,000 by 2025. The analysts believe that the post-halving mining cycle will remain robust, supporting the cryptocurrency's long-term growth trajectory.

在另一条推文中，特许市场技术员 Adrian Zduńczyk 引用了 Bernstein 的预测，即比特币到 2025 年可能会达到 15 万美元的目标价格。分析师认为，减半后的挖矿周期将保持强劲，支持加密货币的长期增长轨迹。

Ethereum and Crypto Market Outlook

以太坊和加密货币市场展望

Bernstein analysts also provided insights into the potential impact of upcoming decisions by the U.S. Securities and Exchange Commission (SEC) regarding spot Ethereum ETFs. They speculated that a denial by the SEC could inadvertently boost Ethereum's profile, similar to the case of the Grayscale Bitcoin ETF. This could lead to renewed interest and investment in Ethereum and associated Layer 2 tokens.

Bernstein 分析师还就美国证券交易委员会 (SEC) 即将做出的有关以太坊 ETF 现货的决定的潜在影响提供了见解。他们推测，美国证券交易委员会的否认可能会无意中提升以太坊的形象，类似于灰度比特币 ETF 的情况。这可能会导致人们重新燃起对以太坊和相关第 2 层代币的兴趣和投资。

Overall, Bernstein analysts remain optimistic about the broader cryptocurrency market, predicting that the combined market capitalization could reach $7.5 trillion within the next 18 to 24 months. They attribute this growth to increased mainstream adoption, the use of cryptocurrencies in payment systems, and their incorporation into global asset markets.

总体而言，伯恩斯坦分析师对更广泛的加密货币市场保持乐观，预测未来 18 至 24 个月内总市值可能达到 7.5 万亿美元。他们将这种增长归因于主流采用率的提高、支付系统中加密货币的使用以及加密货币融入全球资产市场。

Growth Sectors in the Cryptocurrency Ecosystem

加密货币生态系统中的增长领域

The analysts highlighted several sectors within the cryptocurrency ecosystem that are poised for expansion. These include decentralized finance (DeFi) platforms like Uniswap, GMX, and Synthetix, as well as the Ronin blockchain, which has witnessed a surge in gaming users.

分析师强调了加密货币生态系统中即将扩张的几个领域。其中包括 Uniswap、GMX 和 Synthetix 等去中心化金融 (DeFi) 平台，以及游戏用户激增的 Ronin 区块链。

The real-world asset market, particularly tokenized government securities, has also experienced significant growth. Major financial institutions such as BlackRock and Franklin Templeton have invested heavily in tokenized money market funds, while U.S. Treasury assets on-chain have surpassed $1.3 billion.

现实世界的资产市场，特别是代币化的政府证券，也经历了显着的增长。贝莱德、富兰克林邓普顿等主要金融机构大量投资代币化货币市场基金，而美国国债链上资产已超过13亿美元。

Conclusion

结论

Bernstein's analysis presents a compelling case for the long-term growth prospects of Bitcoin and the broader cryptocurrency market. Their insights demonstrate a deep understanding of market dynamics and the potential trends that will shape the future of the evolving cryptocurrency landscape.

伯恩斯坦的分析为比特币和更广泛的加密货币市场的长期增长前景提供了令人信服的案例。他们的见解表明了对市场动态和潜在趋势的深刻理解，这些趋势将塑造不断发展的加密货币格局的未来。