Bernstein 重申 20 万美元的比特币价格目标，因为 BTC 即将达到 10 万美元

Bernstein 强调了可能推动比特币价格明年达到 20 万美元周期目标的关键催化剂。

Despite Bitcoin’s recent spectacular upsurge, one firm confidently forecasts that the price of the leading cryptocurrency could more than double the current rate of $93K in the next year or so.

尽管比特币最近出现了惊人的上涨，但一家公司自信地预测，这种领先的加密货币的价格在未来一年左右可能会比目前的 9.3 万美元翻一番以上。

Yes, you read that right. According to analysts at Bernstein, BTC’s target of $200,000 no longer looks delusional following the asset’s recent rally to nearly $100K.

是的，你没看错。 Bernstein 分析师表示，随着比特币近期涨至近 10 万美元，其 20 万美元的目标不再是妄想。

Bernstein Highlights Catalysts For Bitcoin’s Price Surging To $200K

Bernstein 强调比特币价格飙升至 20 万美元的催化剂

Bernstein has highlighted key catalysts that could drive the price of Bitcoin to its cycle target of $200,000 next year. Analysts at the brokerage firm first set this price target in June when the alpha crypto was valued at around $66,000.

Bernstein 强调了可能推动比特币价格明年达到 20 万美元周期目标的关键催化剂。该经纪公司的分析师在 6 月份首次设定了这一价格目标，当时 alpha 加密货币的估值约为 66,000 美元。

“Bitcoin to $100K seems around the corner, and our $200K Bitcoin target [by the end of] 2025 nows looks not as delusional,” the analysts wrote in a Nov. 18 note to clients.

分析师在 11 月 18 日给客户的一份报告中写道：“比特币涨至 10 万美元似乎指日可待，而我们在 2025 年底之前达到 20 万美元的比特币目标现在看起来并不那么痴心妄想。”

Three Big Near-Term Catalysts For Bitcoin’s Gains

比特币上涨的三大近期催化剂

One catalyst that may propel Bitcoin price to $200,000 is significant advancement toward a national Bitcoin strategic reserve, as President-elect Donald Trump promised pre-election. Bernstein analysts believe serious political momentum toward its establishment has already started but it could require a more extensive process if it entails the acquisition of Bitcoin every year.

正如当选总统唐纳德·特朗普在选举前所承诺的那样，国家比特币战略储备的重大进展可能会推动比特币价格上涨至 20 万美元。伯恩斯坦分析师认为，其成立的严重政治势头已经开始，但如果每年都需要收购比特币，则可能需要更广泛的过程。

Notably, Senator Cynthia Lummis has already presented a draft Bitcoin Act bill that would increase the United States’s holdings until they reach one million tokens, purchased over a period of five years.

值得注意的是，参议员辛西娅·卢米斯(Cynthia Lummis)已经提出了一份比特币法案草案，该法案将增加美国的持有量，直到在五年内购买100万枚代币。

Bernstein analysts cited Trump’s crypto promises as another possible catalyst for Bitcoin’s parabolic growth. On the campaign trail, Trump promised to make America a BTC mining powerhouse, put an end to “Operation Choke Point 2.0”, and stop the regulation-by-enforcement approach adopted by Biden’s Securities and Exchange Commission.

伯恩斯坦分析师将特朗普的加密货币承诺视为比特币抛物线增长的另一个可能催化剂。在竞选过程中，特朗普承诺让美国成为比特币挖矿强国，结束“瓶颈行动2.0”，并停止拜登领导的证券交易委员会采取的“执法监管”方式。

According to Bernstein, fulfilling these promises could significantly boost investors’ confidence in crypto, sparking a sustained rally in the prices of BTC and altcoins such as Ether (ETH) and Solana (SOL).

Bernstein 表示，履行这些承诺可能会显着增强投资者对加密货币的信心，从而引发 BTC 以及以太坊 (ETH) 和 Solana (SOL) 等山寨币价格的持续上涨。

Spot Bitcoin exchange-traded funds and demand from MicroStrategy are also tailwinds, with total ETF assets under management now standing at a jaw-dropping $92 billion.

现货比特币交易所交易基金和 MicroStrategy 的需求也是推动因素，目前管理的 ETF 总资产达到令人瞠目结舌的 920 亿美元。

Meanwhile, MicroStrategy’s Bitcoin buying spree and the software intelligence firm’s plans to raise approximately $42 billion for further acquisitions in the coming three years will be another source of massive demand. Moreover, miners’ continuous hoarding of BTC as the bullish cycle advances will reduce sell pressure and help drive BTC to six digits.

与此同时，MicroStrategy 的比特币购买热潮以及这家软件情报公司计划在未来三年内筹集约 420 亿美元用于进一步收购，将成为巨大需求的另一个来源。此外，随着牛市周期的推进，矿商持续囤积比特币将减少抛售压力，并有助于将比特币推升至六位数。

Bernstein advised investors to hold their BTC as a new crypto regulatory era has yet to be priced in.

伯恩斯坦建议投资者持有比特币，因为新的加密货币监管时代尚未被消化。

“With most institutional investors re-examining their anti-crypto stance, we have a long journey of fresh structural allocations to his market. If you are long, we expect you will be on the right side of Bitcoin history,” the analysts summarized.

“随着大多数机构投资者重新审视他们的反加密立场，我们对他的市场进行新的结构性配置还有很长的路要走。如果你做多，我们预计你将站在比特币历史的正确一边。”分析师总结道。

With Bitcoin currently changing hands for $93,400, the dominant crypto must jump around 110% to reach Bernstein’s $200K target.

目前比特币的转手价格为 93,400 美元，占主导地位的加密货币必须上涨 110% 左右才能达到 Bernstein 的 20 万美元目标。