分析师表示，随着财政政策推动需求，比特币 (BTC) 价格可能达到 100 万美元

马勒斯认为，比特币的稀缺性和全球需求使其成为抵御经济不稳定的终极对冲工具。

Analyst Robert Mallers is bullish on Bitcoin, viewing it as the ultimate hedge against economic instability due to its scarcity and global demand. He anticipates that seven-figure prices for BTC are possible, driven by substantial fiscal moves or large-scale purchases, such as America acquiring 4 million BTC.

分析师罗伯特·马勒斯（Robert Mallers）看好比特币，认为由于比特币的稀缺性和全球需求，比特币是抵御经济不稳定的终极对冲工具。他预计，在重大财政举措或大规模购买（例如美国购买 400 万个比特币）的推动下，比特币价格可能会达到七位数。

Alternatively, Mallers considers $250,000 to be a reasonable mid-term target for Bitcoin under favorable conditions.

另外，Mallers 认为在有利的条件下 25 万美元是比特币合理的中期目标。

Rising debt levels and limited fiscal options are fueling Mallers' optimism for Bitcoin. He highlights the U.S. debt-to-GPD ratio, which is approaching 130%, and global debt, which exceeds 300% of GPD. Mallers asserts that the mounting debt will inevitably lead to losses, likely manifesting through currency debasement or asset inflation.

不断上升的债务水平和有限的财政选择加剧了马勒斯对比特币的乐观情绪。他强调美国债务与GDP之比接近130%，全球债务超过GDP的300%。马勒斯断言，不断增加的债务将不可避免地导致损失，可能通过货币贬值或资产通胀来体现。

“If bondholders aren't rendered poor, we'll see additional currency debasement,” Mallers explains. In this scenario, Bitcoin, with its fixed supply of 21 million coins, emerges as the “hardest asset” to produce and inflate.

“如果债券持有人没有陷入贫困，我们将看到货币进一步贬值，”马勒斯解释道。在这种情况下，固定供应量为 2100 万枚的比特币成为“最难生产和膨胀的资产”。

According to Mallers, these conditions are setting the stage for one of the largest asset bubbles in history, with Bitcoin poised to be the top performer due to its scarcity and decentralized nature.

马勒斯表示，这些条件正在为历史上最大的资产泡沫之一奠定基础，而比特币由于其稀缺性和去中心化性质，有望成为表现最好的泡沫。

In terms of technical analysis, Bitcoin is currently trading at $105,000, down 1.6% over the past 24 hours, with a trading volume of $77.5 billion. On the monthly chart, BTC is maintaining its upward trajectory within a rising channel after breaking above the double-top pattern near $75,000.

技术分析方面，比特币目前交易价格为10.5万美元，过去24小时下跌1.6%，交易量为775亿美元。在月度图表上，BTC 在突破 75,000 美元附近的双顶形态后，维持在上升通道内的上涨轨迹。