{"id":1246,"date":"2025-06-17T07:53:19","date_gmt":"2025-06-16T23:53:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=1246"},"modified":"2025-06-17T07:53:19","modified_gmt":"2025-06-16T23:53:19","slug":"%e5%be%ae%e8%bd%af%e4%b9%9f%e8%a6%81%e6%8a%95%e8%b5%84%e6%af%94%e7%89%b9%e5%b8%81%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=1246","title":{"rendered":"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f"},"content":{"rendered":"

\u4e0a\u5e02\u516c\u53f8\u5174\u8d77\u6bd4\u7279\u5e01\u70ed\u3002<\/p>\n

\u8fd1\u65e5\u7684\u6bd4\u7279\u5e01\uff0c\u65e0\u7591\u518d\u5ea6\u6210\u4e3a\u4e86\u91d1\u878d\u5e02\u573a\u7684\u5f53\u7ea2\u70b8\u5b50\u9e21\u3002\u5c31\u5728\u6628\u65e5\uff0c\u6bd4\u7279\u5e01\u4e00\u5ea6\u98d9\u5347\u81f3 73660 \u7f8e\u5143\uff0c\u8ddd\u79bb\u4eca\u5e74 3 \u6708 14 \u65e5\u521b\u4e0b\u7684 73881.3 \u7f8e\u5143\u5386\u53f2\u9ad8\u70b9\u4ec5\u5dee 0.4%\u3002\u800c\u5728\u7279\u6717\u666e\u80dc\u7387\u98d9\u5347\u7684\u80cc\u666f\u4e0b\uff0c\u5e02\u573a\u666e\u904d\u9884\u6d4b\u5e74\u5e95\u53ef\u89c1 10 \u4e07\u7f8e\u5143\u7684 BTC\u3002<\/p>\n

\u4e0a\u5e02\u516c\u53f8\u4f3c\u4e4e\u4e5f\u76ef\u4e0a\u4e86\u8fd9\u5757\u80a5\u8089\u3002\u5c31\u5728\u65e5\u524d\uff0c\u5fae\u8f6f\u5728\u4e00\u4efd\u5411\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u63d0\u4ea4\u7684\u6587\u4ef6\u4e2d\u8868\u793a\uff0c\u5c06\u4f1a\u5728 12 \u6708 10 \u65e5\u7684\u80a1\u4e1c\u5927\u4f1a\u4e0a\uff0c\u5c31\u300c\u5bf9\u6295\u8d44\u6bd4\u7279\u5e01\u7684\u8bc4\u4f30\u300d\u8bae\u9898\u8fdb\u884c\u8868\u51b3\u3002\u5c3d\u7ba1\u8463\u4e8b\u4f1a\u5df2\u7136\u63d0\u8bae\u53cd\u5bf9\u6b64\u9879\u63d0\u6848\uff0c\u4f46\u80a1\u4e1c\u4eec\uff0c\u5374\u5fc3\u601d\u5404\u5f02\u3002<\/p>\n

\u800c\u4f5c\u4e3a\u5168\u7403\u6700\u77e5\u540d\u7684\u4f01\u4e1a\u4e4b\u4e00\uff0c\u4e0d\u80fd\u5426\u8ba4\u7684\u662f\uff0c\u5fae\u8f6f\u4ec5\u4ec5\u53ea\u662f\u8003\u8651 BTC \u6295\u8d44\uff0c\u5c31\u5df2\u7136\u6709\u7740\u66f4\u4e3a\u6df1\u8fdc\u7684\u610f\u4e49\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u65e9\u5c31\u884c\u52a8\u7684 MicroStrategy\uff0c\u5728\u7ea2\u5229\u4e0b\u8d5a\u7684\u76c6\u6ee1\u94b5\u6ee1\uff0c\u4e5f\u7ed9\u4e0a\u5e02\u516c\u53f8\u4eec\u4e0a\u4e86\u91cd\u8981\u7684\u4e00\u8bfe\u3002<\/p>\n

01 \u5fae\u8f6f\u63d0\u6848\u6295\u8d44 BTC\uff1f\u8463\u4e8b\u4f1a\u53cd\u5bf9<\/strong><\/p>\n

\u53d7\u7279\u6717\u666e\u4ea4\u6613\u5f71\u54cd\uff0c\u8fd1\u6bb5\u65f6\u95f4\u7684\u6bd4\u7279\u5e01\uff0c\u518d\u5ea6\u6536\u83b7\u4e86\u5404\u79cd\u8273\u7fa1\u7684\u76ee\u5149\u3002\u5c3d\u7ba1\u5728 10 \u6708 30 \u65e5\u8ddd\u5386\u53f2\u9ad8\u70b9\u4ec5\u4e00\u6b65\u4e4b\u9065\u540e\u7565\u6709\u56de\u8dcc\uff0c\u4f46\u4ece\u8d44\u4ea7\u8868\u73b0\u6765\u770b\uff0c\u4eca\u5e74\u4ee5\u6765\uff0c\u5e74\u5185\u6da8\u5e45\u8d85\u8fc7 56% \u7684\u6bd4\u7279\u5e01\u5df2\u7136\u8dd1\u8d62\u4e86\u5305\u62ec\u5927\u76d8\u80a1\u589e\u957f\u3001\u4e2d\u5c0f\u76d8\u589e\u957f\u3001\u7f8e\u56fd\u548c\u6b27\u6d32\u80a1\u7968\u3001\u5927\u5b97\u5546\u54c1\u3001\u56fd\u503a\u3001\u9ec4\u91d1\u3001\u73b0\u91d1\u3001\u65b0\u5174\u5e02\u573a\uff0c\u4ee5\u53ca\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u57fa\u91d1\u5728\u5185\u7684\u5168\u7403\u5927\u7c7b\u8d44\u4ea7\uff0c\u5c55\u73b0\u4e86\u6781\u9ad8\u7684\u6297\u901a\u80c0\u4e0e\u6297\u5468\u671f\u7279\u6027\u3002<\/p>\n

\u300c\u6570\u5b57\u9ec4\u91d1\u300d\u5750\u5b9e\uff0c\u4e0d\u4ec5\u6563\u6237 FOMO\uff0c\u5750\u62e5\u66f4\u591a\u8d44\u672c\u7684\u4e0a\u5e02\u516c\u53f8\u81ea\u7136\u4e5f\u518d\u5ea6\u5bf9\u5176\u4ea7\u751f\u4e86\u5174\u8da3\u3002\u636e\u7f8e\u56fd\u8bc1\u76d1\u4f1a\u4e8e 10 \u6708 24 \u65e5\u63d0\u4ea4\u7684\u6587\u4ef6\u62ab\u9732\uff0c\u5fae\u8f6f\u4f3c\u4e4e\u4e5f\u6709\u7740\u5bf9\u6bd4\u7279\u5e01\u7684\u6295\u8d44\u610f\u5411\u3002\u8be5\u516c\u53f8\u5df2\u5c06\u300c\u5bf9\u6295\u8d44\u6bd4\u7279\u5e01\u7684\u8bc4\u4f30\u300d\u8bae\u9898\u7eb3\u5165\u4e86 12 \u6708 10 \u65e5\u4e3e\u884c\u7684\u4e0b\u4e00\u6b21\u80a1\u4e1c\u5927\u4f1a\u7684\u300c\u6295\u7968\u8bae\u7a0b\u300d\u4e4b\u4e2d\u3002<\/p>\n

\n
\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"<\/figure>\n<\/div>\n

\u8be5\u63d0\u6848\u7531\u5fae\u8f6f\u300c2025 \u9879\u76ee\u300d\u987e\u95ee\u59d4\u5458\u4f1a\u7684\u4fdd\u5b88\u6d3e\u667a\u5e93\u56fd\u5bb6\u516c\u5171\u653f\u7b56\u7814\u7a76\u4e2d\u5fc3\u53d1\u8d77\uff0c\u5efa\u8bae\u5fae\u8f6f\u5728\u5176\u603b\u8d44\u4ea7\u4e2d\u81f3\u5c11\u6295\u8d44 1% \u7684\u6bd4\u7279\u5e01\uff0c\u63d0\u51fa\u7684\u7406\u7531\u662f\u300c\u4f01\u4e1a\u5e94\u8003\u8651\u6bd4\u7279\u5e01\u4f5c\u4e3a\u4e00\u79cd\u5bf9\u51b2\u5de5\u5177\uff0c\u4ee5\u4fdd\u62a4\u80a1\u4e1c\u4ef7\u503c\u300d\u3002\u4ece\u4ef7\u683c\u8868\u73b0\u6765\u770b\uff0c\u6b64\u8a00\u540d\u526f\u5176\u5b9e\uff0c\u8d44\u4ea7\u914d\u7f6e\u591a\u5143\u5316\u4e5f\u65e0\u53ef\u539a\u975e\u3002\u7136\u800c\uff0c\u6b64\u63d0\u6848\u7684\u4e0b\u65b9\uff0c\u5374\u5df2\u88ab\u5fae\u8f6f\u8463\u4e8b\u4f1a\u6807\u6ce8\uff0c\u300c\u5efa\u8bae\u5bf9\u8be5\u63d0\u6848\u6295\u53cd\u5bf9\u7968\u300d\u3002<\/p>\n

\u5fae\u8f6f\u6307\u51fa\uff0c\u8463\u4e8b\u4f1a\u5bf9\u8be5\u63d0\u6848\u5448\u73b0\u51fa\u53cd\u5bf9\u6001\u5ea6\uff0c\u8ba4\u4e3a\u6295\u7968\u5e76\u65e0\u5fc5\u8981\uff0c\u5e76\u79f0\u5df2\u5bf9\u63d0\u6848\u8fdb\u884c\u8fc7\u5145\u5206\u7684\u8003\u91cf\u3002\u6587\u4ef6\u4e2d\u63cf\u8ff0\uff0c\u300c\u5fae\u8f6f\u5168\u7403\u8d22\u52a1\u4e0e\u6295\u8d44\u670d\u52a1\u56e2\u961f\u5bf9\u5404\u79cd\u53ef\u6295\u8d44\u8d44\u4ea7\u8fdb\u884c\u4e86\u5168\u9762\u8bc4\u4f30\uff0c\u65e8\u5728\u4e3a\u5fae\u8f6f\u7684\u6301\u7eed\u8fd0\u8425\u63d0\u4f9b\u8d44\u91d1\uff0c\u8fd9\u5305\u62ec\u9884\u671f\u80fd\u63d0\u4f9b\u591a\u5143\u5316\u53ca\u901a\u80c0\u4fdd\u62a4\u7684\u8d44\u4ea7\uff0c\u4ee5\u53ca\u80fd\u591f\u964d\u4f4e\u5229\u7387\u6500\u5347\u6240\u5e26\u6765\u7684\u91cd\u5927\u7ecf\u6d4e\u635f\u5931\u98ce\u9669\u7684\u8d44\u4ea7\u3002\u4ee5\u5f80\u7684\u8bc4\u4f30\u4e2d\uff0c\u6bd4\u7279\u5e01\u53ca\u5176\u4ed6\u52a0\u5bc6\u8d27\u5e01\u5747\u5728\u8003\u8651\u7684\u8303\u7574\u4e4b\u5185\uff0c\u5fae\u8f6f\u5c06\u6301\u7eed\u5173\u6ce8\u4e0e\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u7684\u8d8b\u52bf\u4e0e\u53d1\u5c55\uff0c\u4e3a\u672a\u6765\u51b3\u7b56\u63d0\u4f9b\u53c2\u8003\u3002\u300d<\/p>\n

\u81f3\u4e8e\u8003\u91cf\u7684\u4f9d\u636e\uff0c\u5fae\u8f6f\u4e5f\u8fdb\u884c\u4e86\u89e3\u91ca\uff0c\u5f3a\u8c03\u4e86\u6ce2\u52a8\u6027\u662f\u5728\u8bc4\u4f30\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u65f6\u5fc5\u987b\u7eb3\u5165\u8003\u91cf\u7684\u5173\u952e\u56e0\u7d20\u3002\u6362\u800c\u8a00\u4e4b\uff0c\u5fae\u8f6f\u8ba4\u4e3a\u5c3d\u7ba1\u52a0\u5bc6\u8d44\u4ea7\u53ef\u80fd\u662f\u4e00\u4e2a\u597d\u8d44\u4ea7\uff0c\u5fae\u8f6f\u4e5f\u5e76\u4e0d\u628a\u5b83\u5b8c\u5168\u5254\u9664\u5728\u5916\uff0c\u4f46\u6bd4\u7279\u5e01\u663e\u800c\u6613\u89c1\u7684\u5267\u70c8\u4ef7\u683c\u6ce2\u52a8\uff0c\u5bf9\u4e8e\u4e0a\u5e02\u516c\u53f8\u8d44\u4ea7\u8d1f\u503a\u8868\u4f1a\u4ea7\u751f\u5f71\u54cd\uff0c\u5e76\u975e\u662f\u7a33\u5065\u7684\u8d44\u4ea7\u9009\u62e9\u3002<\/strong><\/p>\n

\u5f53\u7136\uff0c\u5c3d\u7ba1\u8463\u4e8b\u4f1a\u8fd9\u8fb9\u628a\u6bd4\u7279\u5e01\u5224\u4e86\u6b7b\u5211\uff0c\u4f46\u63d0\u6848\u7684\u6700\u7ec8\u51b3\u5b9a\u6743\uff0c\u663e\u7136\u4e0d\u5728\u8463\u4e8b\u4f1a\uff0c\u800c\u5728\u4e8e\u591a\u6570\u80a1\u4e1c\u4eec\u7684\u6001\u5ea6\u3002\u6839\u636e\u540c\u82b1\u987a\u7684\u6570\u636e\u62ab\u9732\uff0c\u5148\u950b\u9886\u822a\u548c\u8d1d\u83b1\u5fb7\u662f\u5fae\u8f6f\u5f53\u524d\u6700\u5927\u7684\u673a\u6784\u80a1\u4e1c\uff0c\u5206\u522b\u5360\u80a1 8.95% \u548c 7.30%\u3002<\/strong><\/p>\n

\n
\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"<\/figure>\n<\/div>\n

\u5bf9\u4e8e\u8d1d\u83b1\u5fb7\uff0c\u52a0\u5bc6\u9886\u57df\u5df2\u4e0d\u518d\u964c\u751f\uff0c\u5176\u5728\u4eca\u5e74\u5206\u522b\u901a\u8fc7\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u73b0\u8d27 ETF\uff0c\u622a\u6b62\u5230 10 \u6708 30 \u65e5\uff0c\u8d1d\u83b1\u5fb7\u6bd4\u7279\u5e01\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1 IBIT \u5e02\u503c\u5df2\u7a81\u7834 300 \u4ebf\u7f8e\u5143\uff0c\u5728\u9996\u6279\u6bd4\u7279\u5e01 ETF \u4e2d\u8868\u73b0\u6700\u4f73\u3002\u800c\u5c31\u5728 10 \u6708 15 \u65e5\u7684\u91c7\u8bbf\u4e2d\uff0c\u8d1d\u83b1\u5fb7\u8463\u4e8b\u957f\u517c\u9996\u5e2d\u6267\u884c\u5b98 Larry Fink \u8fd8\u5f3a\u8c03\u300c\u6bd4\u7279\u5e01\u672c\u8eab\u5c31\u662f\u4e00\u79cd\u8d44\u4ea7\u7c7b\u522b\uff0c\u5b83\u662f\u9ec4\u91d1\u7b49\u5176\u4ed6\u5927\u5b97\u5546\u54c1\u7684\u66ff\u4ee3\u54c1\u3002\u300d<\/p>\n

\u5c3d\u7ba1\u8d1d\u83b1\u5fb7\u5bf9\u6bd4\u7279\u5e01\u8868\u793a\u652f\u6301\uff0c\u4f46\u53e6\u4e00\u80a1\u4e1c\u5148\u950b\u96c6\u56e2\u6001\u5ea6\u5c31\u4e0d\u5982\u8fd9\u822c\u53cb\u597d\u3002\u65e9\u5728\u4eca\u5e74\u5e74\u521d\uff0c\u5148\u950b\u96c6\u56e2\u5c31\u66fe\u660e\u786e\u8868\u793a\uff0c\u4e0d\u5141\u8bb8\u5176\u5ba2\u6237\u8d2d\u4e70\u63a8\u51fa\u7684 11 \u53ea\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u4e2d\u7684\u4efb\u4f55\u4e00\u53ea\uff0c\u5e76\u63d0\u5230\u4e86\u5148\u950b\u4e5f\u6ca1\u6709\u8ba1\u5212\u63d0\u4f9b\u5148\u950b\u6bd4\u7279\u5e01 ETF \u6216\u5176\u4ed6\u52a0\u5bc6\u76f8\u5173\u4ea7\u54c1\uff0c\u300c\u6211\u4eec\u7684\u89c2\u70b9\u662f\uff0c\u8fd9\u4e9b\u4ea7\u54c1\u4e0e\u6211\u4eec\u4e13\u6ce8\u4e8e\u80a1\u7968\u3001\u503a\u5238\u548c\u73b0\u91d1\u7b49\u8d44\u4ea7\u7c7b\u522b\u7684\u4ea7\u54c1\u4e0d\u4e00\u81f4\uff0c\u5148\u950b\u96c6\u56e2\u5c06\u8fd9\u4e9b\u8d44\u4ea7\u7c7b\u522b\u89c6\u4e3a\u5e73\u8861\u7684\u957f\u671f\u6295\u8d44\u7ec4\u5408\u7684\u57fa\u77f3\u3002\u300d<\/p>\n

\u4e24\u5927\u80a1\u4e1c\u5206\u5ead\u6297\u793c\uff0c\u5c0f\u80a1\u4e1c\u5fc5\u7136\u4e5f\u5404\u6709\u7b97\u76d8\uff0c\u6700\u540e\u6295\u7968\u7684\u7ed3\u679c\u96be\u4ee5\u9884\u6d4b\u3002\u4f46\u4ece\u76ee\u524d\u6765\u770b\uff0c\u5fae\u8f6f\u80a1\u4e1c\u5df2\u5f00\u59cb\u9488\u5bf9\u8fd9\u4e00\u63d0\u6848\u8fdb\u884c\u521d\u6b65\u6295\u7968\u3002\u82e5\u6295\u7968\u6210\u529f\uff0c\u5fae\u8f6f\u4f5c\u4e3a\u4e1a\u754c\u6807\u6746\u4ee3\u8868\uff0c\u5c06\u8fdb\u4e00\u6b65\u52a0\u5f3a<\/strong>\u6bd4\u7279\u5e01\u7684<\/strong>\u5e02\u573a\u516c\u5171\u8ba4\u77e5\uff0c\u5e76\u5f15\u53d1\u8fde\u9501\u53cd\u5e94\uff0c\u63a8\u52a8\u6bd4\u7279\u5e01\u7eb3\u5165\u66f4\u591a\u4e0a\u5e02\u516c\u53f8\u7684\u8d22\u52a1\u7b56\u7565\uff0c\u4ece\u800c\u5f3a\u5316\u6570\u5b57\u9ec4\u91d1\u5b9a\u4f4d\uff0c\u5927\u5e45\u5ea6\u63a8\u8fdb\u6bd4\u7279\u5e01\u4e3b\u6d41\u5316\u8fdb\u7a0b\u3002\u4f46\u53e6\u4e00\u65b9\u9762\uff0c\u5373\u4f7f\u6295\u7968\u5931\u8d25\uff0c\u5fae\u8f6f\u8fd9\u4e00\u8003\u8651\uff0c\u5bf9\u4e8e\u884c\u4e1a\u7684\u5f71\u54cd\u4e5f\u4ecd\u9887\u4e3a\u6df1\u8fdc\uff0c\u5168\u7403\u5e02\u503c\u6700\u5927\u7684\u4e0a\u5e02\u516c\u53f8\u4e4b\u4e00\u90fd\u5bf9\u6bd4\u7279\u5e01\u4ea7\u751f\u4e86\u5174\u8da3\uff0c\u6b63\u662f\u6bd4\u7279\u5e01\u8dfb\u8eab\u4e3b\u6d41\u7684\u6709\u529b\u4f8b\u8bc1\u3002<\/strong><\/p>\n

02 \u4e0a\u5e02\u516c\u53f8\u6295\u8d44\u6bd4\u7279\u5e01\uff0c\u5e76\u975e\u65b0\u9c9c\u4e8b<\/strong><\/p>\n

\u5b9e\u9645\u4e0a\uff0c\u4ec5\u4ece\u4e0a\u5e02\u516c\u53f8\u6765\u770b\uff0c\u6295\u8d44\u6bd4\u7279\u5e01\u4e5f\u4e0d\u7b97\u65b0\u9c9c\u4e8b\u3002\u6839\u636e Coingecko \u7684\u6570\u636e\uff0c\u76ee\u524d\u5df2\u6709 29 \u5bb6\u4e0a\u5e02\u516c\u53f8\u6301\u6709\u6bd4\u7279\u5e01\uff0c\u6301\u6709\u6bd4\u7279\u5e01\u603b\u91cf 36 \u4e07\u679a\uff0c\u603b\u4ef7\u503c\u8d85\u8fc7 26 \u4ebf\u7f8e\u5143\u3002\u800c\u8bba\u53ca\u5176\u4e2d\u6700\u5177\u4ee3\u8868\u6027\u7684\u4e00\u4e2a\uff0c\u5219\u975e MicroStrategy \u83ab\u5c5e\u3002<\/p>\n

\n
\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"<\/figure>\n<\/div>\n

\u65f6\u95f4\u62c9\u56de 2020 \u5e74 8 \u6708 11 \u65e5\uff0cMicroStrategy \u9996\u6b21\u8868\u793a\u5c06\u6d89\u8db3\u6bd4\u7279\u5e01\u9886\u57df\uff0c\u4ee5 2.5 \u4ebf\u7f8e\u5143\u7684\u4ef7\u683c\u8d2d\u4e70\u4e86 21454 \u679a\u6bd4\u7279\u5e01\uff0c\u6b63\u5f0f\u5c06\u6bd4\u7279\u5e01\u7eb3\u5165\u4e86\u4e0a\u5e02\u516c\u53f8\u7684\u591a\u5143\u5316\u8d44\u4ea7\u7ec4\u5408\u3002\u6b64\u4e3e\u5728\u5f53\u65f6\u5f15\u8d77\u4e86\u5e02\u573a\u7684\u8f69\u7136\u5927\u6ce2\uff0c\u4e5f\u5212\u4e0b\u4e86\u5bf9\u4e8e\u6bd4\u7279\u5e01\u800c\u8a00\u6781\u4e3a\u5173\u952e\u7684\u4e3b\u6d41\u300c1995 \u65f6\u523b\u300d\u3002<\/p>\n

\u4e4b\u540e\u7684\u6bcf\u5e74\uff0c\u65e0\u8bba\u662f\u4e0a\u5347\u6291\u6216\u662f\u4e0b\u8dcc\uff0cMicroStrategy \u90fd\u96f7\u6253\u4e0d\u52a8\u7684\u79c9\u6301\u4e00\u4e2a\u7406\u5ff5\u2014\u2014\u4e70\u5e01\u56e4\u5e01\u3002\u4ece 20 \u5e74\u5f00\u59cb\uff0cMicroStrategy \u575a\u5b9a\u6267\u884c\u8fd9\u4e00\u7b56\u7565\uff0c\u622a\u6b62\u5230 24 \u5e74\u7b2c\u4e09\u5b63\u5ea6\uff0cMicroStrategy \u4ee5\u7ea6 99 \u4ebf\u7f8e\u5143\u7684\u4ef7\u683c\u6536\u8d2d\u4e86 252220 \u679a\u6bd4\u7279\u5e01\uff0c\u6210\u4e3a\u4e86\u5168\u7403\u6301\u6709\u6bd4\u7279\u5e01\u6700\u591a\u7684\u4e0a\u5e02\u516c\u53f8\u3002<\/strong>\u5728\u65e5\u524d\u53d1\u5e03\u7684\u8d22\u62a5\u4e2d\uff0cMicroStrategy \u8868\u793a\u5c06\u7ee7\u7eed\u6267\u884c\u7b56\u7565\uff0c \u5c06\u5728\u672a\u6765 3 \u5e74\u5185\u7b79\u96c6 210 \u4ebf\u7f8e\u5143\u7684\u80a1\u6743\u5e76\u53d1\u884c 210 \u4ebf\u7f8e\u5143\u7684\u503a\u5238\uff0c\u5e76\u5229\u7528\u989d\u5916\u8d44\u672c\u8d2d\u4e70\u66f4\u591a\u6bd4\u7279\u5e01\u4f5c\u4e3a\u8d22\u52a1\u50a8\u5907\u8d44\u4ea7\uff0c\u4ee5\u5b9e\u73b0\u66f4\u9ad8\u6536\u76ca\u3002<\/p>\n

\u4e8b\u5b9e\u8bc1\u660e\uff0c\u5728\u8fd9\u7b14\u5bf9\u4e8e\u6bd4\u7279\u5e01\u7684\u8c6a\u8d4c\u4e2d\uff0cMicroStrategy \u6210\u4e3a\u4e86\u6700\u5927\u7684\u8d62\u5bb6\u3002MicroStrategy \u8d2d\u4e70\u6bcf\u679a\u6bd4\u7279\u5e01\u7684\u5747\u4ef7\u7ea6\u4e3a 39266 \u7f8e\u5143\uff0c\u800c\u76ee\u524d\u7684\u6bd4\u7279\u5e01\uff0c\u5df2\u7136\u98d9\u5347\u81f3\u4e86 7.2 \u4e07\u7f8e\u5143\u3002\u4ece\u80a1\u4ef7\u8868\u73b0\u6765\u770b\uff0cMicroStrategy \u66f4\u662f\u4e00\u8def\u72c2\u98d9\uff0c\u73b0\u5df2\u8fbe\u5230 247.31 \u7f8e\u5143\uff0c\u521b\u4e0b\u4e86 25 \u5e74\u6765\u7684\u65b0\u9ad8\uff0c\u6210\u529f\u8dfb\u8eab 500 \u4ebf\u7f8e\u5143\u5e02\u503c\u4ff1\u4e50\u90e8\u3002\u636e\u5f6d\u535a\u793e\u62a5\u9053\uff0cMicroStrategy \u8fd1\u4e24\u5e74\u7684\u80a1\u7968\u8868\u73b0\u8dd1\u8d62\u4e86\u5305\u62ec\u82f1\u4f1f\u8fbe\u7684\u51e0\u4e4e\u6240\u6709\u7f8e\u56fd\u5927\u578b\u80a1\u7968\uff0c\u62a5\u9053\u4e2d\u5f3a\u8c03\uff0c\u8be5\u4f01\u4e1a\u56db\u5e74\u524d\u8d2d\u4e70\u6bd4\u7279\u5e01\u4ee5\u62b5\u6d88\u901a\u8d27\u81a8\u80c0\u7684\u300c\u975e\u5e38\u89c4\u300d\u51b3\u5b9a\u63a8\u52a8\u4e86\u8d85\u8fc7 1700% \u7684\u6da8\u5e45\u3002<\/p>\n

\n
\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"\"\u5fae\u8f6f\u4e5f\u8981\u6295\u8d44\u6bd4\u7279\u5e01\uff1f\"<\/figure>\n<\/div>\n

MicroStrategy \u7684\u7b56\u7565\u4e5f\u56e0\u6b64\u5907\u53d7\u8ffd\u6367\u3002\u6d77\u5916 KOL Glenn Hodl \u5c31\u6307\u51fa\uff0c\u5728\u5f53\u524d\u7684\u4f30\u503c\u6a21\u578b\u4e0b\uff0cMicroStrategy \u9ad8\u5ea6\u4f9d\u8d56 BTC\uff0c\u4f7f\u5f97\u5176\u540c\u65f6\u5b58\u5728\u4e24\u79cd\u4f30\u503c\u6a21\u578b\uff0c\u4e00\u662f\u81ea\u8eab\u4e1a\u52a1\u4f53\u7cfb\u589e\u957f\u5e26\u6765\u7684\u8d34\u73b0\u4ef7\u503c\uff1b\u4e8c\u662f BTC \u5546\u54c1\u672c\u8eab\u7684\u5f53\u524d\u4ef7\u503c\u3002\u53ea\u8981\u5b58\u5728\u6bd4\u7279\u5e01\u7684\u672a\u6765\u6ea2\u4ef7\u9884\u671f\uff0cMicroStrategy \u5c31\u53ef\u4ee5\u901a\u8fc7\u8c03\u8282\u6bd4\u7279\u5e01\u6301\u4ed3\u4e0e\u80a1\u7968\u53d1\u884c\u91cf\u7684\u5360\u6bd4\uff0c\u4e0d\u65ad\u63a8\u9ad8\u5e02\u503c\u3002<\/strong>\u73e0\u7389\u5728\u524d\uff0c\u5176\u4ed6\u516c\u53f8\u4e5f\u8822\u8822\u6b32\u52a8\uff0c\u6548\u4eff\u8005\u6b64\u8d77\u5f7c\u4f0f\uff0c\u4f8b\u5982\u5362\u68ee\u5821\u6570\u5b57\u8bc1\u5238\u5e02\u573a STOKR \u5c31\u8868\u793a\u5c06\u8ddf\u968f MicroStrategy\uff0c\u672a\u6765\u51e0\u5e74\u5185\u79ef\u6781\u6269\u5c55\u6bd4\u7279\u5e01\u50a8\u5907\u5e93\u3002<\/p>\n

\u9664\u4e86 MicroStrategy \u5916\uff0c\u53e6\u4e00\u77e5\u540d\u4f01\u4e1a\u7279\u65af\u62c9\u4e5f\u6301\u6709\u4ef7\u503c\u4e0d\u83f2\u7684\u6bd4\u7279\u5e01\u3002\u7279\u65af\u62c9\u6700\u65e9\u8d2d\u4e70\u6bd4\u7279\u5e01\u662f\u5728 2021 \u5e74 2 \u6708\uff0c\u5f53\u65f6\u8d2d\u4e70\u4e86\u4ef7\u503c 15 \u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u200c\uff0c\u5728\u540c\u5e74\uff0c\u9a6c\u65af\u514b\u8fd8\u66fe\u8868\u793a\u53ef\u4ee5\u7528\u6bd4\u7279\u5e01\u8d2d\u4e70\u7279\u65af\u62c9\uff0c\u4f46\u540e\u7eed\u6216\u56e0\u4ef7\u683c\u6ce2\u52a8\u5267\u70c8\u4f5c\u7f62\u3002\u622a\u6b62\u5230 2024 \u7b2c\u4e09\u5b63\u5ea6\uff0c\u8d22\u62a5\u62ab\u9732\u7279\u65af\u62c9\u5177\u6709\u4ef7\u503c 7.63 \u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u6301\u4ed3\uff0c\u4f4d\u5217\u4e0a\u5e02\u516c\u53f8\u6301\u4ed3\u7b2c\u56db\u4f4d\uff0c\u4ec5\u6b21\u4e8e MicroStrategy\u3001Marathon \u4e0e Galaxy Digital\u3002<\/p>\n

\u503c\u5f97\u6ce8\u610f\u7684\u662f\u5c3d\u7ba1\u5728\u7b2c\u4e09\u5b63\u5ea6\u7279\u65af\u62c9\u66fe\u8fdb\u884c\u5927\u989d\u8f6c\u8d26\uff0c\u5206\u522b\u8f6c\u51fa 7518 \u4e07\u30017608 \u4e07\u548c 7716 \u4e07\u7f8e\u5143\u6bd4\u7279\u5e01\u81f3\u533f\u540d\u94b1\u5305\uff0c\u4f46\u76ee\u524d\u5e76\u672a\u51fa\u73b0\u51fa\u552e\u60c5\u51b5\u3002\u8fd9\u4e5f\u610f\u5473\u7740\u81ea 2022 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u51cf\u6301 75% \u540e\uff0c\u7279\u65af\u62c9\u8fde\u7eed 2 \u5e74\u672a\u629b\u552e\u6bd4\u7279\u5e01\uff0c\u663e\u793a\u51fa\u9a6c\u65af\u514b\u5bf9\u6bd4\u7279\u5e01\u957f\u671f\u7684\u770b\u6da8\u60c5\u7eea\u3002<\/strong>\u65e0\u72ec\u6709\u5076\uff0cSpaceX \u4e5f\u6301\u6709\u7ea6 5.6 \u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\uff0c\u4e24\u5bb6\u516c\u53f8\u73b0\u5408\u8ba1\u62e5\u6709\u7ea6 19788 \u679a\u6bd4\u7279\u5e01\uff0c\u603b\u5e02\u503c\u7ea6 13 \u4ebf\u7f8e\u5143\u3002<\/p>\n

03 \u7ed3\u8bed<\/strong><\/p>\n

\u56de\u5230\u672c\u6b21\u7684\u4e3b\u9898\u5fae\u8f6f\uff0c\u603b\u4f53\u800c\u8a00\uff0c\u9274\u4e8e\u8463\u4e8b\u4f1a\u5f53\u524d\u7684\u6001\u5ea6\uff0c\u5fae\u8f6f\u5bf9\u6bd4\u7279\u5e01\u7684\u6295\u7968\u8c61\u5f81\u610f\u4e49\u5927\u4e8e\u5b9e\u9645\u610f\u4e49\uff0c\u4f46\u4ece\u957f\u8fdc\u89d2\u5ea6\u770b\uff0c\u968f\u7740\u6bd4\u7279\u5e01\u4ef7\u503c\u589e\u957f\u4e0e\u4e3b\u6d41\u5316\u8fdb\u7a0b\u7684\u63a8\u52a8\uff0c\u4f5c\u4e3a\u8d44\u4ea7\u914d\u7f6e\u591a\u5143\u5316\u7684\u6807\u7684\u4e4b\u4e00\u7684<\/strong>\u6bd4\u7279\u5e01<\/strong>\uff0c\u88ab\u4e0a\u5e02\u516c\u53f8\u6301\u6709\u4e5f\u5c06\u8d8b\u4e8e\u5e38\u6001\u3002\u4f46\u4ece\u76ee\u524d\u6765\u770b\uff0c\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u6027\u4e0e\u5408\u89c4\u6027\u95ee\u9898\u4ecd\u7136\u662f\u6a2a\u4e98\u5728\u4e0a\u5e02\u516c\u53f8\u9762\u524d\u7684\u5927\u5c71\u3002<\/strong><\/p>\n

\u79ef\u6781\u7684\u662f\uff0c\u5728\u5408\u89c4\u65b9\u5411\uff0c\u7f8e\u56fd\u4ea6\u6709\u677e\u7ed1\uff0c\u4f1a\u8ba1\u51c6\u5219\u53d8\u66f4\u5c31\u662f\u5178\u578b\u4ee3\u8868\u3002\u53bb\u5e74\u5e74\u5e95\uff0c\u7f8e\u56fd\u8d22\u52a1\u4f1a\u8ba1\u51c6\u5219\u59d4\u5458\u4f1a\uff08FASB\uff09\u53d1\u5e03\u65b0\u89c4\uff0c\u5728 2024 \u5e74 12 \u6708 15 \u65e5\u4e4b\u540e\u5f00\u59cb\u7684\u8d22\u653f\u5e74\u5ea6\u6b63\u5f0f\u91c7\u7528\u6bd4\u7279\u5e01\u516c\u5141\u4ef7\u503c\u8bb0\u8d26\u3002\u5728\u8be5\u8bb0\u8d26\u65b9\u6cd5\u6539\u53d8\u4e4b\u524d\uff0c\u4e0a\u5e02\u516c\u53f8\u6301\u6709\u8005\u9700\u5bf9\u6bd4\u7279\u5e01\u4f5c\u51cf\u503c\u635f\u5931\uff0c\u4f46\u5bf9\u5176\u589e\u503c\u5374\u4ec5\u80fd\u4ee5\u6210\u672c\u4ef7\u683c\u8bb0\u5165\uff0c\u5bf9\u4e8e\u6025\u4e8e\u62e5\u6709\u4eae\u773c\u8d22\u62a5\u7684\u4e0a\u5e02\u516c\u53f8\uff0c\u65e0\u7591\u662f\u4e00\u5927\u963b\u788d\uff0c\u800c\u6539\u53d8\u540e\uff0c\u6bd4\u7279\u5e01\u53ef\u91c7\u7528\u5e02\u573a\u516c\u5141\u4ef7\u503c\u8bb0\u5f55\uff0c\u6b64\u95ee\u9898\u4e5f\u5c06\u8fce\u5203\u800c\u89e3\u3002<\/p>\n

\u7531\u6b64\u53ef\u89c1\uff0c\u6bd4\u7279\u5e01\u7684\u4e0a\u5e02\u516c\u53f8\u4e4b\u8239\uff0c\u6216\u8bb8\u6b63\u8981\u626c\u5e06\u8d77\u822a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4e0a\u5e02\u516c\u53f8\u5174\u8d77\u6bd4\u7279\u5e01\u70ed\u3002 \u8fd1\u65e5\u7684\u6bd4\u7279\u5e01\uff0c\u65e0\u7591\u518d\u5ea6\u6210\u4e3a\u4e86\u91d1\u878d\u5e02\u573a\u7684\u5f53\u7ea2\u70b8\u5b50\u9e21\u3002\u5c31\u5728\u6628\u65e5\uff0c\u6bd4\u7279\u5e01\u4e00\u5ea6\u98d9\u5347\u81f3 7366 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1246","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1246"}],"version-history":[{"count":1,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1246\/revisions"}],"predecessor-version":[{"id":2900,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1246\/revisions\/2900"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1246"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}