尽管最近的价格更正，但比特币（BTC）仍可以到2035年超过180万美元

尽管最近的价格纠正和持续的全球贸易紧张局势引起的投资者的兴趣

Bitcoin (BTC) is still on track to reach $1.8 million by 2035 despite recent price corrections and waning investor appetite due to ongoing global trade tensions, according to Joe Burnett, director of market research at Unchained.

UnCheaded市场研究总监Joe Burnett表示，尽管最近的价格更正和投资者的胃口降低了全球贸易紧张局势，但比特币（BTC）仍在到2035年达到180万美元。

Speaking during Cointelegraph’s Chainreaction live show on X, Burnett said that Bitcoin is still in a long-term bullish cycle and could potentially rival or surpass gold’s $21 trillion market capitalization within the next decade.

伯内特（Burnett）在Cointelegraph在X上的Chainreaction现场表演中发表讲话时说，比特币仍处于长期看涨周期，并有可能在未来十年内与Gold的21万亿美元市值竞争或超过Gold的21万亿美元市值。

“When I think about where Bitcoin will be in 10 years, there are two models I admire,” Burnett said. “One is the parallel model, which suggests that Bitcoin will be about $1.8 million in 2035.”

伯内特说：“当我考虑10年后比特币的位置时，我欣赏两种型号。” “一个是平行模型，这表明比特币在2035年约180万美元。”

“The other is Michael Saylor’s Bitcoin 24 model, which suggests Bitcoin will be $2.1 million by 2035. Both are good base cases, and we could see Bitcoin go higher or lower from there, depending on broader macroeconomic factors.”

“另一个是迈克尔·塞勒（Michael Saylor）的比特币24型号，该模型表明，到2035年，比特币将为210万美元。两者都是很好的基本案例，我们可能会看到比特币从那里出现更高或更低，具体取决于更广泛的宏观经济因素。”

Both models take into account the rate at which Bitcoin’s price has increased in recent years, as well as the rate at which the global economy is expected to grow.

这两种模型都考虑到近年来比特币价格上涨的速度以及全球经济增长的速度。

“The automobile industry is significantly more valuable than the horse and buggy industry, and Bitcoin’s more advanced technological properties will make it surpass the $21 trillion market capitalization of gold,” he said.

他说：“汽车行业比马匹和越野车行业的价值要高得多，比特币更先进的技术财产将使它超过21万亿美元的黄金市值。”

But investors are now largely limiting their risk appetite due to uncertainty over tariffs, which could affect investment returns.

但是，由于对关税的不确定性，投资者现在在很大程度上限制了他们的风险食欲，这可能会影响投资回报。

After U.S. President Donald Trump’s Jan. 20 inauguration, global markets have been pressured by rising trade war fears.

在美国总统唐纳德·特朗普（Donald Trump）1月20日就职典礼之后，全球市场受到贸易战争的恐惧的压力。

After entering office, Trump threatened to introduce sweeping import tariffs in a bid to reduce the country’s trade deficit, putting pressure on risk sentiment for both equities and crypto.

进入办公室后，特朗普威胁要引入全面的进口关税，以减少该国的贸易赤字，从而对股票和加密货币的风险情绪施加压力。

While Bitcoin’s role as a safe-haven asset may now come to the fore amid ongoing trade war concerns, physical gold and tokenized gold remain the current winners.

尽管持续的贸易战争关注，现在比特币作为避风港资产的角色可能会出现，但实物黄金和代币的黄金仍然是现任赢家。

Indeed, tariff fears saw tokenized gold trading volume surge to a two-year high this week, exceeding $1 billion for the first time since the U.S. banking crisis in 2023, as reported by Cointelegraph on April 10.

确实，关税担心会在本周的两年高点上升至两年，自2023年美国银行业危机以来，首次超过10亿美元，正如Cointelegraph报道的那样。

The volume of tokenized gold futures traded on major crypto exchange FTX this week reached $1.04 billion, the highest since the start of 2021.

本周在Major Crypto Exchange FTX上交易的令牌黄金期货的数量达到了10.4亿美元，这是自2021年初以来最高的。

The rising volume follows a broader trend of investors seeking safe-haven assets amid ongoing macroeconomic uncertainty, sparked by the U.S. government’s efforts to reduce the trade deficit through tariffs.

不断上升的销量是在持续的宏观经济不确定性中寻求避风港资产的投资者的更广泛趋势，这是由于美国政府通过关税减少贸易赤字的努力而引发的。

Bitcoin volatility falls in bear and bull

比特币的波动率落在熊和公牛中

During bear markets, Bitcoin’s volatility is falling, signaling its growing maturity as an asset class.

在熊市中，比特币的波动率正在下降，这表明其作为资产类别的成熟度越来越大。

Another 80% drawdown during future bear markets is still possible, but this will act as a robust acquisition period for the “strongest” holders, Burnett said.

伯内特说，在未来的熊市中，还有80％的降低是可能的，但这将成为“最强大”持有人的强劲收购时期。

“If you can hold Bitcoin through a bear market, you’ll come out stronger on the other side. We saw this during the 2018 bear market, where those who sold early regretted it later during the bull market.”

“如果您可以通过熊市持有比特币，那么您将在另一侧变得更强壮。我们在2018年的熊市中看到了这一点，那里的人们在牛市后来在牛市后来遗憾的是。”

However, another 80% drawdown from the 2024 bear market will see BTC fall to around $17,000, which is still a significant sum for most investors to lose.

但是，来自2024年熊市的又一80％的跌幅将使BTC下降到约17,000美元，这对于大多数投资者来说仍然是一笔巨大的损失。

Despite this, researchers at Unchained are optimistic about Bitcoin’s long-term prospects for the next decade.

尽管如此，Unchained的研究人员对比特币在未来十年的长期前景感到乐观。

BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes predicted that Bitcoin could rise to $250,000 by the end of 2025 if the U.S. Federal Reserve formally enters a quantitative easing cycle.

BITMEX联合创始人和Maelstrom首席投资官亚瑟·海斯（Arthur Hayes）预测，如果美国美联储正式进入定量的宽松周期，那么到2025年底，比特币将在2025年底上涨至250,000美元。

Despite the optimistic predictions, investors remain cautious and are continuing to “rebalance their portfolios” but are unlikely to take on significant positions in the next 90 days before markets gain more clarity on global tariff negotiations, Enmanuel Cardozo, market analyst at real-world asset tokenization platform Brickken, told Cointelegraph.

尽管有乐观的预测，但投资者仍然保持谨慎，并继续“重新平衡其投资组合”，但在接下来的90天内，在市场上对全球关税谈判获得更明确的情况，Market Market Market Market Angriang Esset Aterld Asset Asset tokentization平台Brickken Brickken，不太可能在市场上更加明确地职位。

“With money flowing out of Bitcoin ETFs, investors are looking for safer spots to hold their cash right now, including strong currencies. Gold’s a traditional vehicle in these cases and a go-to when markets are uncertain,” he added.

他补充说：“随着比特币ETF的资金，投资者正在寻找更安全的景点来立即持有现金，包括强货币。在这些情况下，黄金是传统的车辆，并且在市场不确定时首选。”

Since the start of 2025, the price of gold has risen over 23%, outperforming Bitcoin, which has fallen by more than 10% year-to-date, TradingView data shows.

交易图数据​​显示，自2025年初以来，黄金的价格上涨了23％以上，表现优于比特币，该比特币降低了10％以上。