比特幣OG出售以獲取ETF的「驚人稅收優惠」：分析師
許多長期持有比特幣的投資者正在出售他們的持倉，例如早期套利交易者Owen Gunden，他將其持有的11,000枚比特幣的最後一部分轉移到交易所。
根據雲端金融服務平台Uphold的研究主管Dr. Martin Hiesboeck的說法，長期比特幣持有者可能正在出售他們的持倉，以轉向交易所交易基金（ETFs）並多樣化他們的加密貨幣投資組合。
Hiesboeck在週日表示：「OG加密貨幣持有者出售的原因有幾個。首先是以ETF的形式重新購回，這在目前的規則下提供了驚人的稅收優惠，尤其是在美國。」
他補充道：「第二個原因是他們意識到真正的革命不是比特幣，而是區塊鏈，這在各行各業中都在被使用。因此，還有許多其他項目承諾比比特幣帶來更高的回報，而比特幣仍然缺乏廣泛的使用案例。」
早期比特幣套利交易者Owen Gunden是最近將其11,000枚比特幣的持倉轉移到交易所的最新案例，根據Lookonchain的數據，他在週日進行了最後一次轉移，共3,549枚比特幣。
今年，多位長期持有比特幣的「鯨魚」在多年沉寂後也開始出售他們的持倉，包括一位擁有80,000枚比特幣的「中本聰時代」鯨魚，該鯨魚在14年內未曾活動，直到7月才開始轉移其龐大的資產。
比特幣如今是一項更成熟的資產
Hiesboeck表示，比特幣的年複合增長率（CAGR）正在減少，這表明它正在從高增長資產轉變為用作「對抗傳統金融系統失敗和法定貨幣的對沖」的資產。
過去四年，比特幣的CAGR穩步下降，並在四月首次降至單位數。根據Bitbo的數據，截至11月10日，該數字約為13%。
Hiesboeck指出：「這種成熟是由於像現貨比特幣交易所交易基金的推出等事件加速的，這些基金吸引了大量的機構資本，通常比零售驅動的投機性資金更穩定，從而減少了極端的價格波動，並促進了更低、更穩定的增長率。」
他補充說：「成熟資產的目標是降低其波動性，一些來源表明這正在發生，以維持具有競爭力的風險調整回報。」
宏觀分析師Jordi Visser本月早些時候建議，比特幣正處於初始產品發行階段，原始持有者正在退出，而新交易者則在收購這些代幣，從而擴大了分配。
下一階段不再是比特幣與山寨幣的對抗
Hiesboeck還認為，比特幣與山寨幣之間的區別已經不再重要，因為這個領域不斷演變，放下舊有的競爭關係，專注於「能改變世界的項目，避免那些可能失敗的項目」會更好。
他表示：「我們正處於一個令人興奮的科技空間，容納許多項目，這不是一個支持哪個足球隊的問題。」
他強調：「不要因為一些OG出售部分或全部持倉而感到驚慌。他們只是在擺脫青春期的極端主義。」
這篇文章引發了對比特幣市場未來的深思。隨著越來越多的長期持有者轉向ETF，這不僅改變了市場的動態，也可能影響比特幣的價格穩定性和增長潛力。這種轉變是否意味著比特幣的「黃金時代」已經結束？或者它將進入一個更成熟的階段，成為傳統金融體系中的一個重要組成部分？這些問題值得我們深入探討。
以上文章由特價GPT API KEY所翻譯及撰寫。而圖片則由FLUX根據內容自動生成。
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