近期表现超黄金，比特币涨破11万美元创历史新高

Core Insights - Bitcoin price has surged over 60% since the US elections, outperforming gold [2][6] - On May 22, Bitcoin reached a new all-time high, surpassing $110,000, with a total market capitalization exceeding $2.1 trillion [2][3] - The current upward trend in Bitcoin is driven by institutional investments and structural factors rather than retail speculation [3][5] Market Performance - Bitcoin's price has increased approximately 17% year-to-date, with a nearly 16% rise in May alone, outperforming US stocks and gold [6] - Since the US election on November 5, 2024, Bitcoin's price rose from around $68,000 to $110,000, a cumulative increase of 61.76%, while gold prices increased by approximately 21.59% [6] Influencing Factors - Institutional capital inflow is a significant support for Bitcoin's price, with Strategy Company holding about 576,230 Bitcoins valued at approximately $40.18 billion [5] - The development of cryptocurrency derivatives markets has enhanced confidence among traditional institutional investors, contributing to Bitcoin's price increase [5] - Recent regulatory advancements, such as the Senate's progress on a stablecoin regulation bill, have positively impacted the cryptocurrency market [4] Future Outlook - Analysts predict Bitcoin could reach a new price plateau between $150,000 and $180,000 this year, driven by multiple structural forces [3][5] - Despite macroeconomic uncertainties, Bitcoin's performance as a store of value is gaining consensus, which may act as a long-term catalyst for its price [4][6]