比特币（BTC）在Raoul Pal和Tom Lee分析的全球价值市场存储中角色

宏观策略师Raoul Pal和Fundsstrat联合创始人Tom Lee分析了比特币在全球商店价值市场中的BTC/USD角色，价值400至500万亿美元。

Macro strategist Raoul Pal and Fundstrat co-founder Tom Lee discussed Bitcoin's role in the global store value market, which they estimate to be around $400 to $500 trillion.

宏观策略师Raoul Pal和Fundsstrat的联合创始人Tom Lee讨论了比特币在全球商店价值市场中的作用，他们估计该市场约为400至500万亿美元。

Their analysis, shared in a recent interview, delves into why Bitcoin is still in its early stages of growth and has the potential to capture a considerable portion of the vast store-of-value market.

他们在最近的一次采访中分享了他们的分析，研究了为什么比特币仍处于增长的早期阶段，并有可能捕捉广阔的商店市场中的相当一部分。

Lee, who previously analyzed the wireless industry boom of the 1990s before launching Fundstrat in 2014, highlighted how Bitcoin's rise aligns with the adoption curves of major technology networks.

李前在2014年推出Fundstrat之前分析了1990年代的无线行业繁荣，他强调了比特币的崛起与主要技术网络的采用曲线如何保持一致。

"If you just take two factors—the number of wallets and activity per wallet—you can explain over 90% of Bitcoin's growth," Lee stated, attributing the network effects and virality of social media platforms to their ability to generate massive value.

李说：“如果您只采取两个因素（每个钱包的钱包和活动数量），您可以解释比特币增长的90％以上。”

Despite skepticism from institutions, Lee and Fundstrat began covering and backing Bitcoin as early as 2017, when it traded at around $1,000.

尽管机构对机构的怀疑，但李和资金的交易最早在2017年开始涵盖和支持比特币，当时其交易约为1,000美元。

"We got famously fired by several well-known hedge funds," Lee mentioned, adding that he believed their negative reaction to his and his team's Bitcoin calls ultimately validated the cryptocurrency's long-term potential.

李说：“我们被几个著名的对冲基金解雇了。”他补充说，他相信他们对他和他的团队比特币电话的负面反应最终证实了加密货币的长期潜力。

Both Pal and Lee remain highly bullish on Bitcoin's long-term outlook, with Lee emphasizing key macroeconomic trends such as AI-driven productivity and favorable U.S. demographics as strong tailwinds for BTC adoption.

PAL和Lee都对比特币的长期前景表示了高度看涨，Lee强调了关键的宏观经济趋势，例如AI驱动的生产力和有利的美国人口统计学，作为BTC采用的强烈逆风。

They estimate that Bitcoin and digital assets could capture a significant share of the multi-trillion-dollar global value market, implying a potential 400-500x growth from today's levels.

他们估计比特币和数字资产可以捕获数万亿美元的全球价值市场的很大份额，这意味着从当今的水平上可能增长了400-500倍。

"So, if you do the math, the global store-of-value market is about $400 to $500 trillion in equities, bonds, real estate, and hedge funds. If Bitcoin were to take a 10% share of that market, we are looking at a $40 to $50 trillion valuation for Bitcoin," Pal noted.

“因此，如果您进行数学数量，全球价值市场的股票，债券，房地产和对冲基金约为400至500万亿美元。如果比特币要占该市场的10％，我们将寻找比特币的40至50万亿美元的估值。”

Their analysis underscores the massive potential that both Pal and Lee see in the cryptocurrency market, particularly for Bitcoin, as it continues to gain traction in the mainstream financial sphere.

他们的分析强调了PAL和Lee在加密货币市场中所看到的巨大潜力，尤其是对于比特币而言，它继续吸引主流金融领域的吸引力。