比特币 ETF：加密革命的引擎

2024 年，在机构热情的推动下，美国比特币 ETF 创下了创纪录的增长。他们很快就管理着 1100 亿美元的资金，占据了主导地位，吸收了比特币新投资的 75%。这种繁荣实际上正在改变加密货币的格局。

American Bitcoin ETFs are continuing their spectacular rise, capturing an increasing share of the global supply and now holding 5.7% of the total BTC in circulation, or nearly $110 billion in assets.

美国比特币 ETF 正在继续其惊人的增长，在全球供应中所占的份额越来越大，目前持有比特币流通总量的 5.7%，即近 1100 亿美元的资产。

Institutions are snapping up Bitcoin (BTC) at a record pace, with American ETFs leading the way to absorb 75% of new investments in the cryptocurrency. This institutional enthusiasm is pushing Bitcoin to new heights, with some analysts predicting that the apex crypto could reach $200,000 this year.

机构正在以创纪录的速度抢购比特币 (BTC)，其中美国 ETF 引领潮流，吸纳了 75% 的加密货币新投资。这种机构热情正在将比特币推向新的高度，一些分析师预测今年加密货币的最高价格可能会达到 20 万美元。

Bitcoin ETFs: engines of a cryptographic revolution

比特币 ETF：加密革命的引擎

2024 saw American Bitcoin ETFs clock a record growth, fueled by massive institutional fanfare. With $110 billion quickly under management, they come to dominate the scene. This institutional frenzy is hardly surprising, given that ETFs offer an easy and efficient way to gain exposure to digital assets.

2024 年，在机构的大力宣传推动下，美国比特币 ETF 出现了创纪录的增长。随着 1100 亿美元的快速管理，他们开始占据主导地位。鉴于 ETF 提供了一种简单而有效的方式来获得数字资产，这种机构狂热并不令人意外。

This boom is transforming the crypto landscape, to the point where the BlackRock fund, for example, is more than just a simple ETF: it’s now the 34th largest fund in the world, putting it in competition with traditional financial products. This success is reinforcing the idea that Bitcoin ETFs are simplifying access for financial giants, ultimately driving BTC past $100,000 in 2024.

这种繁荣正在改变加密货币的格局，例如贝莱德基金已经不仅仅是一个简单的 ETF：它现在是全球第 34 大基金，使其与传统金融产品展开竞争。这一成功强化了这样一种理念：比特币 ETF 正在简化金融巨头的准入，最终推动 BTC 在 2024 年突破 10 万美元。

Here are some key figures in the Bitcoin ETF market:

以下是比特币 ETF 市场的一些关键人物：

American Bitcoin ETFs recorded a 10X growth in 2024, with assets rising from $11 billion to over $110 billion.

2024 年，美国比特币 ETF 增长了 10 倍，资产从 110 亿美元增至超过 1100 亿美元。

They now hold 5.7% of the total BTC supply, or nearly a quarter of the 5.3 million coins mined to date.

他们现在持有 BTC 总供应量的 5.7%，即迄今为止开采的 530 万枚比特币的近四分之一。

This institutional enthusiasm is pushing Bitcoin to new all-time highs, with the coin trading above $96,000 for several weeks now.

这种机构热情正在将比特币推向历史新高，该币的交易价格已连续几周高于 96,000 美元。

In short, Bitcoin ETFs are changing the rules of the game, to the point where nothing seems to be able to slow their progress.

简而言之，比特币 ETF 正在改变游戏规则，以至于似乎没有什么能够减缓其进程。

Predictions: Bitcoin at $200,000, dream or reality?

预测：比特币价格达到 20 万美元，是梦想还是现实？

In this context of growth, analysts are sharpening their predictions. Bitget Research’s Ryan Lee envisions a BTC at $200,000 this year, supported notably by the expansion of ETFs and massive institutional adoption. But he tempers this by adding that “regulations and the overall economic dynamic will play a key role in this trajectory.”

在这种增长背景下，分析师们正在加强他们的预测。 Bitget Research 的 Ryan Lee 预计 BTC 今年的价格将达到 20 万美元，这主要得益于 ETF 的扩张和机构的大规模采用。但他补充道，“监管和整体经济动态将在这一轨迹中发挥关键作用”，从而缓和了这一点。

Predictions are also taking off on social media, with Robert Kiyosaki, the famous author, tweeting: “My prediction for Bitcoin in 2025: between $175,000 and $350,000!”

社交媒体上的预测也在兴起，著名作家罗伯特清崎在推特上写道：“我对 2025 年比特币的预测：在 175,000 美元到 350,000 美元之间！”

Another notable optimist, Mike Novogratz, sees BTC reaching $180,000, or even $800,000 in seven years.

另一位著名的乐观主义者迈克·诺沃格拉茨 (Mike Novogratz) 认为 BTC 在七年内将达到 18 万美元，甚至 80 万美元。

Despite everything, Bitcoin remains under pressure, with resistances at $97,600 and $99,000 acting as barriers to be crossed. But if BTC manages to break through these levels, over a billion dollars in short positions could be liquidated, triggering a new surge.

尽管如此，比特币仍然面临压力，97,600 美元和 99,000 美元的阻力位是需要跨越的障碍。但如果 BTC 成功突破这些水平，超过 10 亿美元的空头头寸可能会被清算，从而引发新一轮飙升。

Bitcoin ETFs are thus paving an unprecedented path towards global adoption. Franklin Templeton sees even further: in 2025, BTC could dominate global reserves, from governments to financial giants. The queen of cryptos is more than ever ready to reign.

因此，比特币 ETF 为全球采用铺平了前所未有的道路。富兰克林邓普顿的眼光甚至更远：到 2025 年，比特币可能会主导从政府到金融巨头的全球储备。加密货币女王比以往任何时候都更准备好统治。