比特币“机构时代”来临？报告预测：到2026年机构持仓将超420万枚

Core Insights - Bitwise Asset Management and UTXO Management predict that institutions could hold over 4.2 million bitcoins by 2026 due to significant capital inflows, sovereign adoption, and yield strategies [1] - The report outlines a phased allocation transformation driven by macroeconomic conditions, legislative trends, and the performance of spot Bitcoin ETFs [1] Category: Current Key Players - Key players include the United States, El Salvador, Bhutan, Morgan Stanley, Goldman Sachs, Strategy, Metaplanet, Texas, Arizona, New Hampshire, Abu Dhabi, and Norway [1] Category: Estimated Inflows (USD) - Estimated institutional inflows are projected to reach approximately $1.2 billion by the end of 2025 and around $3 billion by 2026, totaling over 4.2 million bitcoins held by a diverse group of investors [1] - The report categorizes inflows into different tiers: Bear ($58.9 billion), Base ($117.8 billion), and Bull ($235.6 billion) [2] Category: Estimated DTC Allocation (% of Supply) - Nation-States are expected to hold 1,617,000 bitcoins (7.70% of supply), Wealth Management Platforms 1,200,000 bitcoins (5.71%), Public Companies 1,178,000 bitcoins (5.61%), U.S. States 196,000 bitcoins (0.93%), and Sovereign Wealth Funds 78,000 bitcoins (0.37%) [1] Category: Market Dynamics - The report highlights the rise of Bitcoin-native yield infrastructure, indicating a growing demand for yield strategies that allow companies to expand their Bitcoin holdings without selling assets [2] - The emergence of a new market opportunity worth $100 billion is anticipated due to the development of second-layer scaling solutions and decentralized protocols [2] Category: Price Movements - Bitcoin reached a price of $109,700, with a peak of $111,000, driven by supportive regulatory attitudes from the Trump administration and significant institutional capital inflows [3] - Concerns over increasing U.S. fiscal deficits and global bond market dynamics have contributed to Bitcoin's rise as a "new safe haven" asset [3]