渣打银行将比特币价格目标上调至 15 万美元，理由是 ETF 资金流入强劲

渣打银行已将 2024 年比特币价格目标从 10 万美元修改为 15 万美元，理由是比特币现货 ETF 资金流入强劲且价格趋势积极。基于黄金类比和外汇储备管理者的资金流入潜力，该银行维持 2025 年 20 万美元的目标。

Standard Chartered Hikes Bitcoin Price Target to $150,000, Citing Strong ETF Inflows

渣打银行将比特币价格目标上调至 15 万美元，理由是 ETF 资金流入强劲

Standard Chartered Bank has raised its price target for Bitcoin to $150,000, a significant increase from its previous estimate of $100,000. This upward revision stems from several factors, including the sustained inflows into recently launched Bitcoin spot exchange-traded funds (ETFs) in the United States and the subsequent positive price momentum of the cryptocurrency.

渣打银行将比特币的目标价格上调至 15 万美元，较之前预估的 10 万美元大幅上涨。这一向上修正源于多个因素，包括美国最近推出的比特币现货交易所交易基金（ETF）的持续流入以及随后加密货币的积极价格势头。

"For 2024, given the larger than expected price increases since the start of the year, we now see potential for the BTC price to reach the $150,000 level by the end of the year, up from our previous estimate of $100,000," Geoffrey Kendrick and his team of analysts wrote in a report published Monday.

“对于 2024 年，鉴于自年初以来价格涨幅超出预期，我们现在认为 BTC 价格有可能在年底前达到 15 万美元的水平，高于我们之前估计的 10 万美元，”Geoffrey Kendrick 和他的分析师团队在周一发布的一份报告中写道。

The report highlights the outperformance of Bitcoin ETF inflows compared to the growth in Bitcoin derivatives open interest. This indicates a more sustainable overall positioning, as opposed to the stretched levels seen in 2021. Analysts believe that a significant portion of these inflows are likely attributable to retirement-type accounts.

该报告强调，与比特币衍生品未平仓合约的增长相比，比特币 ETF 流入的表现优于比特币 ETF。这表明整体定位更加可持续，而不是 2021 年出现的紧张水平。分析师认为，这些资金流入的很大一部分可能来自退休型账户。

Currently trading around $68,000, Bitcoin reached a high of over $73,000 earlier this month.

比特币目前的交易价格约为 68,000 美元，本月初触及超过 73,000 美元的高位。

Bitcoin Price Target for 2025: $200,000 and Beyond

2025 年比特币价格目标：20 万美元及以上

Standard Chartered maintains its Bitcoin price target of $200,000 for the end of 2025. This target is based on the analogy to gold, specifically the evolution of the gold price following the introduction of gold ETFs in the United States. The analysts have optimized a portfolio consisting of 80% gold and 20% Bitcoin, suggesting that Bitcoin's price would need to reach $190,000 to achieve this allocation.

渣打银行维持 2025 年底比特币价格目标为 20 万美元。该目标是基于与黄金的类比，特别是美国推出黄金 ETF 后金价的演变。分析师优化了由 80% 黄金和 20% 比特币组成的投资组合，这表明比特币的价格需要达到 190,000 美元才能实现这一配置。

However, the bank acknowledges the potential for exceeding this target if spot Bitcoin ETF inflows reach its median estimate of $75 billion or if foreign exchange reserve managers begin purchasing Bitcoin. In such a scenario, the price could potentially climb to $250,000 at some point in 2025.

然而，该银行承认，如果现货比特币 ETF 流入量达到 750 亿美元的中值估计，或者如果外汇储备管理者开始购买比特币，则有可能超过这一目标。在这种情况下，价格可能会在 2025 年的某个时候攀升至 25 万美元。

"Foreign reserves constitute another important (potential) liquidity pool, which could follow in the footsteps of new US pension funds," the analysts said. "If they do so, we expect the largest and most liquid assets – such as Bitcoin – to receive the most inflows. We see an increasing likelihood that large reserve managers will announce the purchase of BTC in 2024."

分析师表示：“外汇储备构成了另一个重要的（潜在）流动性池，它可能会追随美国新养老基金的脚步。” “如果他们这样做，我们预计最大、最具流动性的资产——比如比特币——将获得最多的资金流入。我们认为大型储备管理者宣布在 2024 年购买 BTC 的可能性越来越大。”

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The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions.

本文提供的信息仅供参考，不应被视为财务建议。在做出任何投资决定之前，投资者应自行进行尽职调查并咨询合格的财务顾问。