德克萨斯州战略比特币储备法案：BTC 指标描绘了 2025 年达到 190,000 美元的道路

拟议的立法旨在让国库直接投资比特币。它试图推动德克萨斯州的政府机构也开始接受加密货币，然后该州可以将其转换为增加其战略比特币储备。

A bill that would create a state-level Bitcoin (CRYPTO: BTC) reserve in Texas has been advancing through the legislative process, aiming to bolster demand for the cryptocurrency and potentially pave the way for broader acceptance. Here's how it could impact BTC and the market.

一项将在德克萨斯州创建州级比特币（加密货币：BTC）储备的法案正在通过立法程序推进，旨在提振对加密货币的需求，并可能为更广泛的接受铺平道路。以下是它对 BTC 和市场的影响。

A Strategic Bitcoin Reserve Could Put Demand on Steroids A Strategic Bitcoin Reserve could prove to be a meaningful tailwind for BTC in 2025. If the government of Texas sets up a Bitcoin reserve, it will create a significant new source of demand for the world’s largest cryptocurrency by market cap.

比特币战略储备可能会带来类固醇的需求 比特币战略储备可能会在 2025 年成为 BTC 的重要推动力。如果德克萨斯州政府建立比特币储备，将为世界上最大的加密货币创造一个重要的新需求来源按市值。

Moreover, the state's vote of confidence may add another layer of legitimacy to Bitcoin, paving the way to more widespread acceptance. In particular, it may encourage institutions to follow suit, leading to a domino effect that further enhances demand and bumps the price up. Finally, a strategic reserve, even at the state level only, could help stabilize the market since it could serve as a consistent buyer during times of volatility. This could reduce price fluctuations and create a more enticing environment for the potential investors.

此外，国家的信任投票可能会为比特币增添另一层合法性，为更广泛的接受铺平道路。特别是，它可能会鼓励机构效仿，从而产生多米诺骨牌效应，进一步增加需求并推高价格。最后，战略储备，即使只是在州一级，也可以帮助稳定市场，因为它可以在波动时期充当稳定的买家。这可以减少价格波动，并为潜在投资者创造一个更具吸引力的环境。

BTC Indicator Paints a Path to $190,000 in 2025 A Bitcoin-specific indicator dubbed the “Golden Ratio Multiplier” suggests the crypto pioneer is contending with the psychologically significant $100,000 resistance at writing. A potential breakout will clear the path for it to hit $127,000 in the near-term and $190,000 by the end of 2025. Bitcoin currently sits comfortably above its 200-day moving average and the wave oscillator indicates bullish momentum as well.

BTC 指标描绘了 2025 年达到 190,000 美元的道路 一项被称为“黄金比例乘数”的比特币特定指标表明，这位加密货币先驱正在与 100,000 美元的心理重要阻力作斗争。潜在的突破将为比特币在短期内触及 127,000 美元、到 2025 年底触及 190,000 美元扫清道路。比特币目前轻松位于 200 日移动均线上方，波浪振荡器也显示出看涨势头。

That's why Bernstein analyst Gautam Chhugani expects the price of BTC to surpass $200,000 by the end of next year. At first glance, these price targets sure look pompous. But a quick review of historical trends and how well the stage is set for Bitcoin supports such bullish outlooks.

这就是为什么 Bernstein 分析师 Gautam Chhugani 预计 BTC 的价格到明年年底将超过 20 万美元。乍一看，这些价格目标确实显得浮夸。但快速回顾一下历史趋势以及比特币的发展状况就支持了这种看涨的前景。

For example, BlackRock (NYSE:BLK) likened Bitcoin to the “Magnificent 7”, noting its risk profile is quite similar to those heavy-weight stocks. On Thursday, it even went on to “recommend” allocating 2.0% of the investable capital to BTC.

例如，贝莱德（NYSE：BLK）将比特币比作“Magnificent 7”，并指出其风险状况与那些重量级股票非常相似。周四，它甚至继续“建议”将可投资资本的 2.0％分配给 BTC。

Remember, it's one thing to take a bullish stance, but when an institution, and that too the world's largest asset manager itself “recommends” investing in Bitcoin, the world typically listens.

请记住，采取看涨立场是一回事，但当一家机构以及全球最大的资产管理公司本身“建议”投资比特币时，全世界通常都会倾听。

So, it's conceivable that this digital store of value may be set to attract a lot more of institutional demand in the coming year. More importantly, institutional outside of the US have started investing in Bitcoin as well. For example, AMP – Australia's pension fund recently parked $27 million in BTC.

因此，可以想象，这种数字价值储存手段可能会在来年吸引更多的机构需求。更重要的是，美国以外的机构也开始投资比特币。例如，澳大利亚养老基金 AMP 最近存放了 2700 万美元的 BTC。

Trump Reiterates Commitment to Embracing Bitcoin Trump's commitment to making America the global leader in cryptocurrency is increasingly turning Wall Street into a believer of Bitcoin. Much like Bernstein, Geoff Kendrick of Standard Chartered also expects the price of BTC to double to $200,000 by the end of 2025.

特朗普重申拥抱比特币的承诺 特朗普致力于让美国成为加密货币的全球领导者，这正日益让华尔街成为比特币的信徒。与 Bernstein 非常相似，渣打银行的 Geoff Kendrick 也预计 BTC 的价格到 2025 年底将翻一番，达到 20 万美元。

That's because Donald Trump reiterated the urgency of embracing blockchain and crypto technologies this week to stay ahead of political rivals like China. There have already been rumors that Beijing may consider establishing a Bitcoin reserve.

这是因为唐纳德·特朗普本周重申了采用区块链和加密技术的紧迫性，以领先于中国等政治对手。已经有传言称北京可能考虑建立比特币储备。

The best part is that Bitcoin is insulated from the political nuances. It's not like the price of BTC will benefit only if the United States establishes such a reserve. If China, or any other country for that matter, sets up a Bitcoin reserve as well – all the better.

最好的部分是比特币不受政治细微差别的影响。并不是只有美国建立这样的储备，比特币的价格才会受益。如果中国或任何其他国家也建立比特币储备——那就更好了。

Additionally, the Crypto Fear and Greed Index currently sits at 76, indicating extreme greed and heightened demand among investors. If the crypto market is attracting such demand based only on discussions of pro-crypto initiatives, imagine the surge that may unleash once these policies are enacted.

此外，加密货币恐惧和贪婪指数目前为 76，表明投资者极度贪婪和需求增加。如果加密货币市场仅仅基于对支持加密货币倡议的讨论来吸引这种需求，想象一下一旦这些政策颁布，可能会释放出激增的需求。

So, Bitcoin may be headed for significant further gains in 2025 as talks of a Bitcoin reserve and a more accommodative crypto regulatory framework under the new government makes major institutional players recognize the asset's potential as a digital store of value and a hedge against inflation. As Wall Street money continues to flow, the price of BTC will likely have nowhere to go in 2025 but up and up again.

因此，比特币可能会在 2025 年进一步大幅上涨，因为有关比特币储备和新政府下更宽松的加密货币监管框架的讨论使主要机构参与者认识到该资产作为数字价值存储和对冲通胀的潜力。随着华尔街资金继续流动，比特币的价格在 2025 年可能不会有任何发展，只会不断上涨。