ZX Squared Capital創始人說，到今年年底，比特幣（BTC）可能會達到125,000美元，但其他加密貨幣的表現將勝過。

Crypto Hedge基金ZX Squared Capital的創始人CK Zheng表示，到今年年底，比特幣最終可能達到125,000美元，但其他加密貨幣的表現可能會跑贏大盤。

Crypto hedge fund manager CK Zheng, founder of ZX Squared Capital, is making a bullish case for digital assets in 2024, predicting that bitcoin (BTC) could hit $125,000 by year-end.

ZX Squared Capital的創始人CK Zheng Ck Zheng在2024年為數字資產提供看漲案例，預測比特幣（BTC）可能會按年底達到125,000美元。

However, Zheng told CoinDesk that he sees other cryptocurrencies outperforming the flagship token in the latter half of 2024 as the U.S. government introduces new policies that will spark a new wave of innovation in the crypto sector.

但是，鄭告訴Coindesk，他認為其他加密貨幣在2024年下半年的旗艦標記表現優於美國政府，因為美國政府引入了新政策，這些政策將引發加密貨幣領域的新浪潮。

“There’s a correlation between bitcoin and altcoins, but I think bitcoin dominance is going to go down,” Zheng said.

鄭說：“比特幣和山寨幣之間存在相關性，但我認為比特幣的優勢將會下降。”

“If you want a crypto ecosystem to really develop, you can’t have 60% of the market’s value stuck in bitcoin.”

“如果您想真正發展一個加密生態系統，那麼您將無法將60％的市場價值在比特幣中固定。”

The Trump administration has already proven much friendlier towards the crypto sector than its predecessor. Not only is the White House contemplating the possibility of creating a national crypto reserve, but the Securities and Exchange Commission (SEC) has been ditching its lawsuits against crypto companies and protocols like Kraken and Uniswap.

特朗普政府已經證明，對加密貨幣部門的友善比其前任更為友好。白宮不僅在考慮建立國家加密保護區的可能性，而且證券交易委員會（SEC）一直在拋棄針對加密公司的訴訟，以及像Kraken和Uniswap這樣的協議。

“New policies and regulations will come out and trigger a lot of new ideas for innovation and shake up the crypto industry,” Zheng said.

鄭說：“新的政策和法規將出現，並引發許多創新的新想法，並動搖加密行業。”

“Though it might take some time to play out — through 2025 and 2026.”

“雖然可能需要一些時間才能發揮作用 - 直到2025年和2026年。”

Ether (ETH) and solana (SOL) are two of the cryptocurrencies that ZX Squared sees benefitting from a potential new wave of innovation, especially if projects combining artificial intelligence (AI) and crypto take off. The key, Zheng said, is for these smart contract blockchains to keep increasing their throughput in order to remain attractive (in Solana’s case) or take back the initiative (in Ethereum’s case).

Ether（ETH）和Solana（Sol）是ZX Squared所看到的兩種加密貨幣，從潛在的新創新浪潮中受益，尤其是如果將人工智能（AI）和加密貨幣脫離的項目相結合。鄭說，鑰匙是要使這些智能合同區塊鏈繼續增加其吞吐量，以保持吸引力（在索拉納（Solana）的情況下）或撤回該計劃（在以太坊的情況下）。

In the meantime, bitcoin is likely to keep behaving like a risk-on asset, rising and falling in tandem with other such assets as the Trump administration keeps unleashing new economic policies. Macroeconomics will remain firmly at the wheel for the top cryptocurrency, Zheng said, unless the U.S. government pulls the trigger on a potential national crypto reserve — something which could happen at the White House Crypto Summit this Friday.

同時，比特幣可能會繼續表現得像風險資產一樣，與特朗普政府繼續釋放新的經濟政策的其他資產相關聯。鄭說，除非美國政府在本週五的白宮加密賽峰會上可能發生這種情況，否則宏觀經濟學將保持牢固地限於最高加密貨幣。

"A bitcoin strategic reserve is something the President's interested in. He spoke about it all during the campaign trail, and I think you're going to see it executed on Friday. So bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently — positively, but differently," Commerce Secretary Howard Lutnick told The Pavlovic Today.

“比特幣戰略儲備是總統感興趣的。他在競選活動期間談到了這一切，我認為您將在周五處執行它。因此，比特幣是一回事，然後是其他貨幣，另一個貨幣，另一個加密代幣，我認為，與眾不同的是，霍華德·盧特尼克（Howard Lutnick Pavlovic）會有所不同。

In any case, even with tariffs against Mexico, Canada, and China seemingly coming into effect, Zheng said he didn’t expect bitcoin to go below the $75,000 mark.

無論如何，即使對墨西哥，加拿大和中國的關稅似乎已生效，鄭說他沒想到比特幣會低於75,000美元的成績。

“In the near term, things are quite choppy,” Zheng said. “But this is a good opportunity for long-term investors who have been waiting to allocate to bitcoin.”

鄭說：“在短期內，情況非常波動。” “但對於一直等待分配給比特幣的長期投資者來說，這是一個很好的機會。”