比特币（BTC）处于大规模突破的边缘

尽管全球经济不确定性和一系列市场冲击，但加密货币空间中的几种领先声音说，比特币正处于大规模突破的边缘

Despite global economic uncertainty and a series of market shocks, 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.

尽管全球经济不确定性和一系列的市场冲击，但加密货币空间中的几种领先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。

Samson Mow, CEO of Jan3 and a longtime Bitcoin advocate, recently expressed astonishment that Bitcoin is still trading under $100,000. “We should have hit $200,000 already, and it shocks me every day that we’re not there yet,” Mow said in a recent interview with Milkroad. 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.

JAN3首席执行官Samson Mow，长期的比特币拥护者，最近表示惊讶，比特币的交易仍在100,000美元以下。 Mow在最近接受Milkroad的采访中说：“我们应该已经达到了200,000美元，每天我们还没有震惊我。”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 continuing to accumulate, reducing overall circulating supply and tightening what Mow calls the “spring” behind Bitcoin’s eventual surge. This view is shared by other industry figures, who note that despite recent market turbulence, there are several structural changes that point to an impending shift in Bitcoin’s price trajectory.

但是，长期持有人或“霍德尔”（Hodlers）正在继续积累，减少了整体循环供应，并收紧了比特币最终激增背后的“春季”所谓的“春季”。这种观点是由其他行业人物共享的，他们指出，尽管最近市场动荡，但有几种结构性变化表明比特币价格轨迹即将发生变化。

This view is shared by other industry figures, who note that despite recent market turbulence, there are several structural changes that point to an impending shift in Bitcoin's price trajectory.

这种观点是由其他行业人物共享的，他们指出，尽管最近市场动荡，但有几种结构性变化表明比特币价格轨迹即将发生变化。

After notching several all-time highs in recent months, Bitcoin's hash rate continues to climb—a leading indicator of network strength and miner confidence. According to data from Bitinfocharts, the seven-day average has now surpassed 460 exahash per second.

在近几个月来达到了几个历史最高水平之后，比特币的哈希速率继续攀升，这是网络强度和矿工信心的主要指标。根据Bitinfocharts的数据，现在为期7天的平均值已超过460张Exahash。

To put this in perspective, Bitcoin's hash rate was less than 100 exahash per second at the start of 2023, and it has nearly tripled since then.

从角度来看，比特币的哈希速率在2023年初的每秒不到100 exahash，此后几乎增加了两倍。

For instance, sovereign entities may now be involved in mining activity, thus driving this surge in computational power with less concern for profitability, thanks to access to free or excess energy resources.

例如，主权实体现在可能参与采矿活动，因此，由于获得了自由或多余的能源资源，对盈利能力的关注较少，因此推动了计算能力的激增。

This same price-insensitive mindset appears to be affecting Bitcoin buyers as well. Corporations such as MicroStrategy are continuing to accumulate more coins despite short-term price movements, reflecting a long-term belief in Bitcoin's store-of-value potential.

这种不敏感的思维方式似乎也影响了比特币购买者。尽管短期价格变动，诸如MicroStrategy之类的公司仍在继续积累更多的硬币，这反映了对比特币价值储存潜力的长期信念。

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

现在的最大问题是，这种趋势是否会蔓延到其他公司以及最终的民族国家。

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

莫夫警告说：“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。