比特币（BTC）价格预测：BTC售价为5万美元，因为市场预计将推出多资产加密ETFS

比特币（BTC）的价格正接近50,000美元的成绩，因为市场热切地等待着多资产加密ETF的推出。

Bitcoin’s available supply is dwindling as investors have withdrawn a staggering $504.4 billion worth of the cryptocurrency from exchanges over the past five years.

由于投资者在过去五年中从交易所撤回了价值504亿美元的加密货币，因此比特币的可用供应正在减少。

Now, the crypto’s exchange supply has hit a seven-year low, according to data from CryptoQuant.

根据加密货币的数据，现在，加密货币的交换供应已经达到了七年的低点。

At the same time, institutional interest from Wall Street and beyond has seen demand for the asset skyrocket.

同时，华尔街及以后的机构兴趣已经看到了对资产飞涨的需求。

As a result, market analysts are predicting that the situation could trigger a supply shock which may catapult Bitcoin’s price to a new all-time high.

结果，市场分析师预测，这种情况可能会触发供应冲击，这可能会使比特币的价格提高到新的历史最高水平。

“We can see this squeeze higher and there is an incentive to keep prices high,” Markus Thielen, co-founder of crypto market research platform 10x Research, said on investor Scott Melker’s podcast this week.

Crypto Market Research Platform 10X Research的联合创始人Markus Thielen在本周有关投资者Scott Melker的播客时说：“我们可以看到这种压缩更高，并有一种保持价格高昂的动机。”

The analysis comes as Wall Street’s demand for the top crypto has been on the rise.

分析是因为华尔街对顶级加密货币的需求一直在上升。

And with President Donald Trump’s pro-crypto policies, market watchers are expecting that demand to continue, potentially pushing the price of Bitcoin to $200,000 or even higher.

随着唐纳德·特朗普（Donald Trump）总统的亲克赖特托（Crypto）政策，市场观察家期望这一需求会继续下去，可能会将比特币的价格提高到200,000美元甚至更高。

“National priority”

“国家优先”

Last week, Trump issued an executive order which highlighted the growth of the US crypto ecosystem as a “national priority.”

上周，特朗普发布了一项行政命令，该命令强调了美国加密生态系统的增长作为“国家优先事项”。

Bitwise chief investment officer Matt Hougan said the news was “bullish to the extreme” for crypto and that it will channel trillions of dollars in investor funds into the market.

Bitwise首席投资官Matt Hougan表示，加密货币的消息“对极端看涨”，它将将数万亿美元的投资者资金转移到市场上。

In December, Hougan predicted that Bitcoin’s price could reach $200,000 by 2025, echoing the sentiment of Standard Chartered and Bernstein.

霍根（Hougan）在去年12月预测，到2025年，比特币的价格可能会达到200,000美元，这与标准特许和伯恩斯坦的情感相呼应。

This week, he said the prediction “may turn out to be conservative.”

他本周说，预测“可能是保守的。”

ETF enthusiasm

ETF热情

2024 saw Wall Street heavyweights enter the crypto market en masse, particularly with the launch of US spot Bitcoin exchange-traded funds from firms like BlackRock.

2024年，华尔街的重量级人物进入了加密货币市场，尤其是随着美国现货比特币交易所交易的资金，来自贝莱德（Blackrock）等公司。

These funds raked in $107 billion in assets under management during their first year, which is a record for any ETF launch.

这些资金在第一年的管理资产中获得了1000亿美元的资产，这是任何ETF发布的记录。

The investment vehicle acted as a black hole for Bitcoin’s supply, sucking up more than 5% of the asset’s total supply and showing no signs of slowing down its buying pressure.

投资工具充当了比特币供应的黑洞，吸收了资产总供应量的5％以上，没有显示出减缓其购买压力的迹象。

While single-asset ETFs made their mark last year, analysts are expecting the market to expand to include multi-asset crypto ETFs in 2025.

虽然单一资产ETF去年取得了成功，但分析师预计市场将扩大到包括2025年的多资产加密ETF。

A new report from Coalition Greenwich, S&P Global’s financial analytics arm, said that asset managers have shown interest in multi-asset crypto ETFs which would offer exposure to a basket of cryptocurrencies, including Bitcoin.

S＆P Global的财务分析部门Greenwich的一份新报告说，资产管理人员对多资产的加密ETF表示兴趣，这些ETF将提供一篮子加密货币，包括比特币。

Company stockpiles

公司库存

Bitcoin’s supply has also been locked up by companies who are holding it in their treasuries.

比特币的供应也被持有国库的公司锁定了。

“We are definitely going to see more institutional adoption adding to the balance sheet,” Melker said on his podcast.

梅尔克在播客中说：“我们肯定会看到更多的机构采用增加资产负债表。”

Last year, software company MicroStrategy continued to add to its Bitcoin treasure trove, bringing its stockpile to over 470,000 of the cryptocurrency.

去年，软件公司MicroStrategy继续增加其比特币宝藏，使其库存达到了470,000多个加密货币。

Other firms, like Boyaa Interactive and Genius Group, have amassed similar stockpiles, albeit to a smaller scale.

其他公司，例如Boyaa Interactive and Genius Group，也积累了类似的库存，尽管规模较小。

But more could be on the way.

但是更多的可能会在路上。

For example, the Free Enterprise Project, a Washington-based advocacy group, has launched a campaign to convince Big Tech firms, such as Amazon and Meta, to follow in MicroStrategy’s footsteps and add Bitcoin to their holdings.

例如，总部位于华盛顿的倡导组织Free Enterprise Project发起了一项运动，以说服大型科技公司（例如Amazon和Meta）遵循MicroStrategy的脚步，并在其持股中增加比特币。

Crypto market movers

加密货币市场

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