#Strategy增持比特币 【Analysis of the Logic Behind Strategic Capital Increasing Bitcoin Holdings】Institutional investors continue to increase their Bitcoin holdings, with the core logic being its scarcity attribute that counteracts the inflation caused by the excessive issuance of fiat currency, as well as its allocation value due to low correlation with traditional assets. The entry of institutions like MicroStrategy and BlackRock reflects the mainstream capital's recognition of the compliance process for crypto assets. Currently, the approval of Bitcoin spot ETFs in the United States and the implementation of the European MiCA legislation have cleared obstacles for institutional allocation. However, one must be wary of short-term high volatility risks, as a shift in Federal Reserve policy could trigger liquidity shocks. Investors are advised to allocate 5%-10% of their positions for long-term investment, seizing the opportunity of the paradigm shift in digital gold.