Odaily星球日报讯 比特币价格周三升至 94,000 美元以上，一些分析师认为这表明投资者对该资产的估值发生了转变。经纪公司伯恩斯坦（Bernstein）的分析师 Gautam Chhugani 在一份报告中表示，在其研究加密货币的所有时间里，这是见过的比特币价格表现最好的一次，在这种时候，很难不投资加密货币。分析师认为，投资者现在可能更多地将比特币视为一种非主权价值存储手段，以及某种形式的对冲地缘政治不确定性、政策错误和货币贬值的工具。（DL News）

Odaily星球日报讯 比特币价格周三升至 94,000 美元以上，一些分析师认为这表明投资者对该资产的估值发生了转变。经纪公司伯恩斯坦（Bernstein）的分析师 Gautam Chhugani 在一份报告中表示，在其研究加密货币的所有时间里，这是见过的比特币价格表现最好的一次，在这种时候，很难不投资加密货币。分析师认为，投资者现在可能更多地将比特币视为一种非主权价值存储手段，以及某种形式的对冲地缘政治不确定性、政策错误和货币贬值的工具。（DL News）

伯恩斯坦：BTC价格走势表现优异，投资者对其估值已发生转变

<Odaily> Planet Daily News: Bitcoin's price rose above $94,000 on Wednesday, with some analysts believing this indicates a shift in investors' valuation of the asset. Gautam Chhugani, an analyst at brokerage firm Bernstein, stated in a report that this is the best Bitcoin price performance he has seen throughout his research on cryptocurrencies, making it difficult not to invest in crypto at this moment. Analysts suggest that investors may now view Bitcoin more as a non-sovereign value storage mechanism and a tool to hedge against geopolitical uncertainties, policy mistakes, and currency devaluation. (DL News)

Bernstein: BTC price performance is excellent, and investors' valuation has changed

<Odaily> reported that U.S.-listed Bitcoin ETFs attracted $381 million in inflows on Monday, marking the largest single-day inflow since January 30. Delta Exchange research analyst Riya Sehgal noted that if Bitcoin price remains stable above $88,800, it could potentially drive further increases to the $92,000-$94,000 range. However, this rally may soon face correction. Stefan von Haenisch, Head of OTC Trading for Bitgo in Asia, warned: "The market's rally in the past few days has been too aggressive, and now feels somewhat overbought." He stated that a Bitcoin pullback to at least $88,000 "would not be surprising". (Bloomberg)

Analyst: The market has risen too sharply recently, and it would not be surprising if it falls back to $88,000

<Odaily> Planet News: Bitcoin broke through the $90,000 mark for the first time since early March, sparking market optimism that it may finally break free from its long-term correlation with US tech stocks. On Tuesday, Bitcoin rose 6.77%, and on Wednesday morning in Asian trading, it reached $93,883, while the US dollar index slightly rebounded after falling to a three-year low on Monday. Although the Nasdaq 100 index rebounded significantly after a sharp drop on Monday, it remains far below its highs from late February to early March.

Notably, this Bitcoin rally coincides with gold's movement. Gold prices briefly touched $3,500 per ounce on Tuesday before retreating. Richard Galvin, co-founder of Sydney crypto hedge fund DACM, stated that if Bitcoin continues to trade like gold rather than tech stocks, the 'decoupling' logic would be more convincing. (Bloomberg)

Viewpoint: Bitcoin's recent rise is in sync with gold, but market caution remains

<Odaily> Planet Daily News: Bitcoin rose 12% this week, with a surge in related exchange-traded funds (ETF) inflows. Analysts believe Bitcoin may soon reach $100,000. However, Markus Thielen, research director at 10x Research, stated in a market report: "Given that stablecoin minting indicators have not yet returned to an active level, we remain cautious about the sustainability of the current Bitcoin rally." (Cointelegraph)