弗雷德·克鲁格（Fred Krueger：Bitcoin

尽管比特币成立以来，但一位华尔街数学家坚持认为，它的旅程只是开始。

Wall Street mathematician Fred Krueger is convinced that Bitcoin (BTC) is set for “massively high returns” over the next 20 to 30 years.

华尔街数学家弗雷德·克鲁格（Fred Krueger）坚信，比特币（BTC）将在未来20至30年内设定为“大量回报”。

In a recent appearance on the Jamie Tree podcast, Krueger pointed out that despite Bitcoin’s meteoric rise since its inception, its journey is only just beginning. His optimism stems from an analysis of the current market penetration of Bitcoin among affluent investors, which stands at a mere 1%.

克鲁格（Krueger）最近在杰米树（Jamie Tree）的播客上露面时指出，尽管比特币成立以来比特币的迅速崛起，但其旅程才刚刚开始。他的乐观源于对富裕投资者中比特币当前市场渗透的分析，富裕的投资者仅1％。

According to Krueger, the recent introduction of spot Bitcoin exchange-traded funds (ETFs) has drastically changed the landscape of Bitcoin investment. These new financial instruments, such as BlackRock’s IBIT and Fidelity’s FBTC, have eliminated the traditional barriers to entry that hindered institutional investors. Now, they can gain exposure to Bitcoin without the need to manage intricate self-custody solutions or navigate complex cryptocurrency exchanges.

根据克鲁格的说法，最近引入了现货比特币交易所交易基金（ETF），已大大改变了比特币投资的景观。这些新的金融工具，例如BlackRock的IBIT和Fidelity的FBTC，消除了阻碍机构投资者的传统进入障碍。现在，他们可以在不需要管理复杂的自我抑制解决方案或导航复杂的加密货币交换的情况下获得暴露于比特币。

Drawing comparisons to his own experience investing in tech companies, Krueger highlighted the potential for long-term growth. He recounted investing in Apple around the 2008 launch of the iPhone and anticipating a few times return on his investment. However, to his surprise, the stock went on to rise quadrupled twice and then soared 50 times higher. He sold his position, kicking himself for not maintaining a 10-year perspective.

克鲁格（Krueger）将比较与他自己在科技公司投资的经验进行了比较，强调了长期增长的潜力。他讲述了2008年推出iPhone左右对苹果的投资，并预计他的投资回报了几次。然而，令他惊讶的是，股票继续上涨两次，然后飙升了50倍。他卖掉了自己的职位，因为没有保持10年的观点而踢自己。

The wealth gap in crypto allocation also presents an interesting perspective. Millionaires and billionaires currently allocate approximately 0.01% of their portfolios to Bitcoin. If this were to increase by a mere 2%, it would trigger an influx of capital into the cryptocurrency market on a scale never seen before.

加密分配中的财富差距也提出了一个有趣的观点。百万富翁和亿万富翁目前将其投资组合的大约0.01％分配给比特币。如果仅将其增加2％，它将以前所未有的规模触发资本涌入加密货币市场。

Considering the vast sums of wealth that are present in conventional assets like bonds, real estate, and what Krueger terms “overpriced stocks,” this shift could have a substantial impact.

考虑到债券，房地产等传统资产中存在的巨额财富以及克鲁格（Krueger）术语“价格过高”，这一转变可能会产生重大影响。

The introduction of spot Bitcoin ETFs marks a critical juncture in the history of cryptocurrency investment. These financial products have democratized the process of investing in Bitcoin, rendering it as straightforward as purchasing conventional equities. These ETFs allow institutional investors who have been observing Bitcoin from the sidelines to obtain exposure in a manner that is both regulated and familiar.

斑点比特币ETF的引入标志着加密货币投资史上的关键关键。这些金融产品使投资比特币的过程民主化，使其与购买常规股票一样简单。这些ETF允许从场边观察比特币的机构投资者以既受监管又熟悉的方式获得暴露。