伯恩斯坦看好比特币未来十年，MicroStrategy持有全球供应量1.1%

据14日(当地时间)报道，伯恩斯坦在开始评估持有全球最大加密货币的上市公司MicroStrategy时，做出了关于比特币价格的惊人预测。伯恩斯坦预测，到2033年，比特币价格将达到100万美元，而到2025年，比特币将达到周期峰值20万美元。

目前，MicroStrategy持有全球比特币供应量的1.1%，相当于约145亿美元。该公司在四年内从一家小型软件公司转型为大型加密货币控股公司。伯恩斯坦在前一天(周四)发布的一份研究报告中透露了这一信息。

At present, MicroStrategy holds 1.1% of the world’s Bitcoin supply, equivalent to approximately $14.5 billion. In four years, the company was transformed from a small software company to a large crypto-currency holding company. Bernstein revealed this information in a study released the previous day (on Thursday).

伯恩斯坦将位于弗吉尼亚州泰森斯角的MicroStrategy的目标股价定为2890美元，而该公司股票前一天收盘价约为1484美元。这家在纳斯达克上市的公司目前持有214,400枚比特币，自2020年以来一直将比特币作为储备资产进行购买。

Bernstein has set the target share price of MicroStrategy in Cape Tessens, Virginia, at $2890, while the company's share took over approximately $1484 the previous day. The company listed in NASDAQ currently holds 214,400 bitcoins and has purchased bitcoins as reserve assets since 2020.

MicroStrategy的创始人兼董事长迈克尔·塞勒已经成为比特币品牌的代名词，并将MicroStrategy打造成领先的比特币公司。伯恩斯坦分析师高华在报告中写道，该公司筹集了大量资金(包括债务和股权)，并实施了积极的比特币购买策略。

Michael Seller, the founder and chairman of MicroStrategy, has become the alias of the Bitcoin brand and has created MicroStrategy as the leading Bitcoin company. In his report, Bernstein analysts Gaud wrote that the company raised a large amount of money (including debt and equity) and implemented a proactive Bitcoin purchase strategy.

报告指出，MicroStrategy采用“主动杠杆比特币策略，而不是被动现货ETF”，在过去四年中，该公司的主动策略使每股比特币持有量增加。

伯恩斯坦的比特币价格前景是由现货ETF前所未有的需求和加密货币供应有限推动的。伯恩斯坦目前预计比特币到2029年将达到50万美元，并将2025年的预测从15万美元上调至20万美元。

Bernstein’s Bitcoin price outlook is driven by the unprecedented demand for spot ETFs and the limited availability of encrypted money. Bernstein now expects Bitcoin to reach $500,000 by 2029 and to raise its forecast for 2025 from $150,000 to $200,000.

报告还补充道，MicroStrategy的长期可转换债券策略使公司有充足的时间享受比特币上涨的潜在好处，同时限制了公司资产负债表上加密货币的清算风险。前一天，MicroStrategy提议出售价值5亿美元的可转换债券，以增加比特币持有量。

The report adds that MicroStrategy’s long-term convertible bond strategy gives the company sufficient time to enjoy the potential benefits of the Bitcoin increase, while limiting the risk of clearing encrypted currencies on the company’s balance sheet. The day before, MicroStrategy proposed to sell $500 million worth of convertible bonds to increase Bitcoin holdings.