比特币（BTC）处于大规模突破的边缘，这可能会使大多数投资者感到惊讶

行业中的许多人将比特币的抑制价格归因于恐惧驱动的市场情绪和暂时的流动性紧缩。

Several leading voices in the cryptocurrency space say Bitcoin is on the verge of a massive breakout—one that could take most investors by surprise, according to a recent report by Benzinga.

Benzinga最近的一份报告显示，加密货币空间中的几种主要声音表明比特币正处于大规模突破的边缘，这可能会使大多数投资者感到惊讶。

This commentary follows Samson Mow, CEO of Jan3 and a longtime Bitcoin advocate, expressing astonishment that Bitcoin is still trading under $100,000.

这篇评论是在Jan3首席执行官Samson Mow和长期比特币拥护者Samson Mow之后，对比特币的交易仍然低于100,000美元表示惊讶。

"We should have hit $200,000 already, and it shocks me every day that we’re not there yet," Mow shared in a recent conversation with Milkroad.

Mow在最近与Milkroad的对话中分享道：“我们应该已经达到了200,000美元，每天我们还不到那儿，这让我感到震惊。”

Many in the industry attribute Bitcoin's suppressed price action to fear-driven market sentiment and a temporary liquidity crunch. Approximately 2 million coins remain active on exchanges, contributing to short-term volatility.

行业中的许多人将比特币的抑制价格归因于恐惧驱动的市场情绪和暂时的流动性紧缩。大约有200万个硬币在交流中保持活跃，导致短期波动。

However, long-term holders—or "hodlers"—are reducing overall circulating supply, tightening what Mow calls the "spring" behind Bitcoin's eventual surge.

但是，长期持有人或“霍德尔”（Hodlers）正在减少整体循环供应，从而收紧了MOW在比特币最终激增的“春季”所谓的“春季”。

Historical precedent supports the possibility of a sudden upward move. In 2017, Bitcoin rose nearly 17x in less than a year, during a period of relatively calm global conditions.

历史先例支持突然向上移动的可能性。 2017年，在全球状况相对平静的时期，比特币在不到一年的时间内上升了近17倍。

Now, with economic instability, rising geopolitical tensions, trade wars, and currency devaluation in play, many believe the conditions are even more favorable for another explosive rally.

现在，随着经济不稳定，地缘政治紧张局势，贸易战争和货币贬值的上升，许多人认为，这些条件对另一个爆炸性的集会更有利。

Other indicators also point to an impending structural shift. Bitcoin's hash rate—considered a leading signal of network strength and miner confidence—continues to climb, reaching all-time highs.

其他指标还指出了即将发生的结构转变。比特币的哈希速率（考虑到网络强度和矿工信心的主要信号）可以攀升，达到历史最高点。

Mow suggests that sovereign entities may now be involved in mining, driving this surge in computational power with little regard for profitability, thanks to access to free or excess energy resources.

MOW建议，主权实体现在可能参与采矿，推动计算能力的激增，几乎不考虑盈利能力，这要归功于获得自由或多余的能源。

This same price-insensitive mindset appears to be influencing Bitcoin buyers as well. Corporations like MicroStrategy are accumulating Bitcoin regardless of short-term price fluctuations, reflecting a long-term belief in its store-of-value potential.

相同的不敏感思维方式似乎也影响了比特币购买者。不论短期价格波动如何，像MicroStrategy这样的公司正在积累比特币，这反映了对其价值潜力的长期信念。

The big question now is whether this trend will spread to other companies—and even nation-states.

现在的最大问题是，这种趋势是否会传播给其他公司，甚至是民族国家。

"Once it becomes a race to print money to buy Bitcoin," Mow cautioned, "then all the gloves are off."

Mow警告说：“一旦成为一场打印资金购买比特币的竞赛，所有的手套就关闭了。”

With structural changes in mining, corporate accumulation, and growing sovereign interest, many analysts believe Bitcoin is on the edge of another major run—possibly beyond $200,000—sooner than most expect.

随着采矿，企业积累和日益增长的主权兴趣的结构变化，许多分析师认为，比特币正处于另一项重大运行的边缘（可能超过200,000美元），这比大多数人所期望的。