比特幣 (BTC) 市場主導地位預計將在 2025 年保持強勁

根據摩根大通最近的一項分析，比特幣 (BTC) 的市場主導地位預計將在 2025 年保持強勁。

Bitcoin’s [BTC] market dominance is poised to remain strong in 2025, driven by several key factors, according to a recent analysis by JPMorgan. Currently, BTC holds around 55% of the total cryptocurrency market capitalization, outpacing Ethereum and other altcoins.

根據摩根大通最近的一項分析，在幾個關鍵因素的推動下，比特幣 [BTC] 的市場主導地位預計將在 2025 年保持強勁。目前，BTC 約佔加密貨幣總市值的 55%，超過了以太幣和其他山寨幣。

A team of analysts led by Nikolaos Panigirtzoglou highlighted several aspects that contribute to Bitcoin’s enduring influence in an increasingly competitive landscape.

Nikolaos Panigirtzoglou 領導的分析師團隊強調了比特幣在競爭日益激烈的環境中保持持久影響力的幾個方面。

Bitcoin’s market dominance

比特幣的市場主導地位

BTC’s dominance has been fluctuating lately, evident in the range of 57%-58%, showcasing enduring strength even amidst volatile market conditions. This stability can be attributed to Bitcoin’s role as the preferred store of value during periods of uncertainty and the regulatory challenges faced by altcoins.

BTC 的主導地位最近一直在波動，明顯在 57%-58% 的範圍內，即使在波動的市場條件下也顯示出持久的強勢。這種穩定性可歸因於比特幣在不確定時期和山寨幣面臨的監管挑戰期間作為首選價值儲存手段的作用。

With Ethereum’s dominance stalling and other altcoins failing to gain significant ground, Bitcoin continues to benefit from institutional interest and its established reputation in the market. As observed in the chart, there are also periodic corrections, which are to be expected as part of natural market cycles.

隨著以太坊的主導地位陷入停滯，而其他山寨幣未能取得重大進展，比特幣繼續受益於機構利益及其在市場上的既定聲譽。如圖表中所觀察到的，也會出現定期修正，這是自然市場週期的一部分。

Overall, the trajectory of Bitcoin’s dominance reveals its enduring appeal and highlights its pivotal role in shaping the market landscape in 2025.

總體而言，比特幣的主導地位軌跡揭示了其持久的吸引力，並凸顯了其在塑造 2025 年市場格局中的關鍵作用。

What’s driving it?

是什麼在驅動它？

The JPMorgan analysts have outlined eight key drivers that could sustain Bitcoin’s market dominance into 2025. At the forefront is Bitcoin’s positioning as the digital counterpart to gold, which has attracted large inflows into Spot Bitcoin ETFs, while altcoin ETFs, like Ether’s, have seen lower demand with only $2.4 billion in inflows so far this year.

摩根大通分析師概述了可以將比特幣的市場主導地位維持到2025 年的八個關鍵驅動因素。 ，而像以太幣這樣的山寨幣ETF 的價格則較低。

Adding to this is MicroStrategy’s ongoing $42 billion Bitcoin purchasing strategy, which is only halfway complete and is set to add further momentum to the market.

除此之外，MicroStrategy 正在進行的 420 億美元比特幣購買策略僅完成了一半，將為市場增添進一步動力。

Another factor that could play a role is the future accumulation of crypto reserves by U.S. states or central banks, which is likely to favor Bitcoin exclusively, cementing its role as a reserve asset.

另一個可能發揮作用的因素是美國各州或央行未來累積的加密貨幣儲備，這可能會專門青睞比特幣，從而鞏固其作為儲備資產的作用。

Furthermore, the advancements in Bitcoin’s Layer 2 networks have introduced smart contract capabilities, challenging Ethereum’s dominance in decentralized applications.

此外，比特幣第二層網路的進步引入了智慧合約功能，挑戰了以太坊在去中心化應用程式中的主導地位。

Institutional blockchain applications are shifting toward private networks, reducing the reliance on public blockchains like Ethereum. At the same time, new projects, like Base, are emerging with a focus on infrastructure over token issuance, redirecting value away from altcoins.

機構區塊鏈應用正​​在轉向私人網絡，減少對以太坊等公共區塊鏈的依賴。與此同時，像 Base 這樣的新項目正在興起，其重點是基礎設施而不是代幣發行，將價值從山寨幣上轉移開。

Finally, the lack of clear regulatory direction in the U.S. adds to Bitcoin’s appeal as the market consolidates.

最後，隨著市場整合，美國缺乏明確的監管方向增加了比特幣的吸引力。

Read Bitcoin’s [BTC] Price Prediction 2025-26

閱讀比特幣 [BTC] 2025-26 價格預測

Shifting market dynamics

不斷變化的市場動態

The market is evolving as Bitcoin challenges Ethereum’s dominance in utility. Layer 2 advancements, like smart contract capabilities, are expanding Bitcoin’s role beyond being a store of value, which is bolstering its market

隨著比特幣挑戰以太坊在實用性方面的主導地位，市場正在不斷發展。第 2 層的進步，例如智慧合約功能，正在擴大比特幣的作用，使其超越價值儲存手段，從而支撐其市場