比特币价格预测：Bernstein 分析师概述了到 2025 年推动 BTC 达到 20 万美元目标的关键催化剂

研究和经纪公司 Bernstein 的分析师概述了即将到来的关键催化剂，这些催化剂可能推动比特币价格在 2025 年达到 200,000 美元的周期目标。

Bitcoin price is now less than $20,000 away from reaching analysts at research and brokerage firm Bernstein’s cycle target of $200,000, set to be hit by 2025.

目前，比特币价格距离达到研究和经纪公司 Bernstein 分析师设定的 200,000 美元周期目标（预计到 2025 年达到）还不到 20,000 美元。

“We are entering a stage, where we expect intrigue will turn to pain for the bitcoin bears,” analysts led by Gautam Chhugani said in a Monday note to clients.

以高塔姆·楚加尼 (Gautam Chhugani) 为首的分析师在周一给客户的报告中表示：“我们正在进入一个阶段，预计比特币空头的阴谋将变成痛苦。”

Bernstein set their latest bitcoin target in June when its price was around $66,000. At the time, bitcoin’s price was up over 300% for the year and had just hit a new all-time high. However, bitcoin’s price dropped sharply in the following months, hitting a low of around $43,000 in July.

Bernstein 在 6 月份设定了最新的比特币目标，当时比特币的价格约为 66,000 美元。当时，比特币的价格年内上涨超过 300%，刚刚创下历史新高。然而，比特币的价格在接下来的几个月里大幅下跌，在 7 月份触及 43,000 美元左右的低点。

Since then, bitcoin’s price has recovered and is now up over 200% for the year. The cryptocurrency hit a fresh all-time high of over $93,000 on Friday and is now less than $20,000 away from reaching Bernstein’s cycle target.

此后，比特币的价格有所回升，目前全年涨幅超过 200%。该加密货币周五创下了超过 93,000 美元的历史新高，目前距离达到 Bernstein 的周期目标还不到 20,000 美元。

The analysts noted that bitcoin’s price has already enjoyed support from several institutional investment announcements, including insurance giant MassMutual’s $100 million bitcoin purchase and MicroStrategy’s ongoing bitcoin buying spree.

分析师指出，比特币的价格已经得到了多家机构投资公告的支持，包括保险巨头 MassMutual 斥资 1 亿美元购买比特币，以及 MicroStrategy 正在进行的比特币购买热潮。

However, they added that bitcoin’s price is still far from factoring in Trump’s broader crypto promises, such as support to establish the U.S. as a bitcoin mining “powerhouse” and a pledge to shut down “Operation Choke Point 2.0.”

然而，他们补充说，比特币的价格仍然远没有考虑到特朗普更广泛的加密货币承诺，例如支持将美国建立为比特币挖矿“强国”以及承诺关闭“Operation Choke Point 2.0”。

“We believe investors should continue holding bitcoin equity proxies for longer horizons ~12-18 months at least,” the analysts said. “With most institutional investors re-examining their anti-crypto stance, we have a long journey of fresh structural allocations to this market. If you are long, we expect you will be on the right side of bitcoin history.”

分析师表示：“我们认为投资者应该继续持有比特币股票代理，期限较长，至少 12-18 个月。” “随着大多数机构投资者重新审视他们的反加密货币立场，我们对这个市场进行新的结构性配置还有很长的路要走。如果你做多，我们预计你将站在比特币历史的正确一边。”

Bitcoin is currently trading for $91,959, according to The Block’s Bitcoin Price Page. The foremost cryptocurrency is just 1.5% away from making a fresh all-time high above $93,300, having gained around 1% in the last 24 hours and 12% during the past week.

根据 The Block 的比特币价格页面显示，比特币目前的交易价格为 91,959 美元。最重要的加密货币距离创下 93,300 美元以上的历史新高仅 1.5%，在过去 24 小时内上涨了约 1%，在过去一周内上涨了 12%。