比特幣（BTC）價格預測：2025年將是“非常好的一年”，因為現場ETF批准馬刺機構採用了

加密貨幣市場面臨著許多監管障礙，比特幣經常在討論的中心。近年來，最重要的發展之一是批准了比特幣交易所交易基金（ETF）的批准。但是，批准這種金融工具的延遲導致了大量的價格停滯。

The cryptocurrency market has faced numerous regulatory hurdles, with Bitcoin often at the center of discussions. One of the most significant developments in recent years has been the approval of a spot Bitcoin Exchange-Traded Fund (ETF). However, delays in approving such a financial instrument caused substantial price stagnation, according to SkyBridge Capital founder Anthony Scaramucci. Despite this setback, experts remain optimistic that 2025 will be a transformative year for Bitcoin and the broader crypto market.

加密貨幣市場面臨著許多監管障礙，比特幣經常在討論的中心。近年來，最重要的發展之一是批准了比特幣交易所交易基金（ETF）的批准。但是，根據Skybridge Capital的創始人Anthony Scaramucci的說法，批准這種金融工具的延誤導致了大量的價格停滯。儘管有這種挫折，但專家們仍然樂觀地認為2025年將是比特幣和更廣泛的加密市場的變革一年。

Impact of the Bitcoin ETF Delay

比特幣ETF延遲的影響

Scaramucci highlighted that the U.S. Securities and Exchange Commission (SEC) postponing its decision on spot Bitcoin ETFs had adverse effects on the price trajectory of Bitcoin. Investors had long anticipated the introduction of these ETFs, expecting a surge in institutional adoption and price appreciation. However, the prolonged wait caused frustration among traders and hindered the expected bullish momentum.

Scaramucci強調，美國證券交易委員會（SEC）推遲其對現貨比特幣ETF的決定對比特幣價格軌跡產生不利影響。投資者長期以來一直期待引入這些ETF，並期望機構採用和價格讚賞激增。但是，長期等待引起了交易者的挫敗感，並阻礙了預期的看漲勢頭。

Market participants had hoped for the approval of a spot Bitcoin ETF as early as 2022, believing it would significantly enhance liquidity and bring mainstream investors into the digital asset space. The delay resulted in prolonged price stagnation, keeping Bitcoin from reaching its full potential during that period. Many analysts argue that had the ETFs been approved earlier, Bitcoin could have achieved much higher valuations by now.

市場參與者希望早在2022年就可以批准比特幣ETF的批准，並認為它將大大提高流動性並將主流投資者帶入數字資產領域。延遲導致價格延長停滯，以防止比特幣在此期間發揮其全部潛力。許多分析人士認為，如果ETF得到了較早批准，那麼現在比特幣可以獲得更高的估值。

2024: A Turning Point for Bitcoin ETFs

2024：比特幣ETF的轉折點

In January 2024, the SEC finally approved a spot Bitcoin ETF, marking a significant milestone for the cryptocurrency industry. The approval ignited renewed institutional interest, bringing major financial players into the crypto ecosystem. Following this decision, Bitcoin experienced a sharp price increase, reflecting the optimism surrounding broader adoption.

2024年1月，SEC終於批准了比特幣ETF，這標誌著加密貨幣行業的重要里程碑。批准引發了新的機構利益，將主要的財務參與者帶入了加密生態系統。在做出這一決定之後，比特幣的價格急劇上漲，反映了圍繞更廣泛採用的樂觀情緒。

At the time of writing, Bitcoin is valued at approximately $96,134, showcasing substantial growth from previous levels. This increase has reinforced positive sentiment within the market, with many believing that the worst of regulatory uncertainty is now behind us. Scaramucci remains confident that Bitcoin will continue to thrive, predicting that 2025 will be an exceptional year for the leading cryptocurrency.

在撰寫本文時，比特幣的價值約為96,134美元，從以前的水平展示了大幅增長。這種增長增強了市場上的積極情緒，許多人認為，最嚴重的監管不確定性現在已經落後了。 Scaramucci仍然有信心比特幣將繼續蓬勃發展，預測2025年將是領先的加密貨幣的非凡一年。

Expectations for 2025

對2025年的期望

Despite the earlier hurdles, analysts foresee 2025 as a game-changing year for Bitcoin and the overall crypto market. One of the key reasons behind this optimism is the increasing acceptance of cryptocurrencies among traditional financial institutions. With the successful launch of the spot Bitcoin ETF, more institutional investors are entering the space, further legitimizing Bitcoin as an asset class.

儘管遇到了較早的障礙，但分析師預見到2025年是比特幣和整個加密市場的改變遊戲的一年。這種樂觀背後的關鍵原因之一是在傳統金融機構中越來越接受加密貨幣。隨著現貨比特幣ETF的成功推出，越來越多的機構投資者進入了該空間，將比特幣作為資產類別的合法化。

Additionally, Nate Geraci, president of the ETF Store, predicts that the SEC may approve more than 50 new crypto-related ETFs under its new leadership. This could include ETFs for other prominent digital assets such as Solana (SOL) and XRP, potentially driving even more interest and capital into the cryptocurrency market. The expansion of crypto ETFs would not only boost liquidity but also provide investors with more diversified opportunities in the digital asset space.

此外，ETF商店總裁Nate Geraci預測，在其新領導下，SEC可以批准50多個與加密貨幣相關的新ETF。這可能包括用於其他著名數字資產（例如Solana（Sol）和XRP）的ETF，可能會使更多的興趣和資本進入加密貨幣市場。加密ETF的擴展不僅會提高流動性，而且還為投資者提供了數字資產領域中更多多樣化的機會。

Market Sentiment and Institutional Involvement

市場情緒和機構參與

The entry of institutional investors has long been seen as a catalyst for Bitcoin’s growth. With regulatory clarity improving and financial institutions showing increased interest, the market is set to mature further. Large asset management firms, hedge funds, and pension funds are now more willing to explore Bitcoin as part of their portfolios, driving demand and potentially pushing prices higher.

長期以來，機構投資者的進入一直是比特幣增長的催化劑。隨著法規清晰度的改善，金融機構表現出興趣的增加，市場將進一步成熟。大型資產管理公司，對沖基金和養老基金現在更願意探索比特幣作為投資組合的一部分，推動需求並可能提高價格。

Furthermore, Bitcoin’s adoption as a store of value continues to gain traction. Many investors now view Bitcoin as “digital gold,” a hedge against inflation and economic uncertainty. This perception strengthens its position in the financial ecosystem and contributes to sustained long-term growth.

此外，比特幣作為價值存儲的採用繼續吸引。現在，許多投資者將比特幣視為“數字黃金”，這是對通貨膨脹和經濟不確定性的對沖。這種看法增強了其在金融生態系統中的地位，並有助於持續的長期增長。

Potential Challenges Ahead

未來的潛在挑戰

While optimism remains high, challenges still exist. Regulatory scrutiny is expected to persist, with governments and financial regulators worldwide closely monitoring the crypto industry. New regulations could impact market dynamics, depending on how they are structured and enforced.

儘管樂觀仍然很高，但仍然存在挑戰。隨著政府和金融監管機構在全球範圍內密切監視加密貨幣行業，預計監管審查將繼續進行。新法規可能會影響市場動態，具體取決於它們的結構和執行方式。

Moreover, macroeconomic factors such as inflation rates, interest rate policies, and geopolitical events could influence Bitcoin’s price movements. Investors should remain vigilant and consider these external factors when making investment decisions.

此外，宏觀經濟因素（例如通貨膨脹率，利率政策和地緣政治事件）可能會影響比特幣的價格變動。投資者應保持警惕，並在做出投資決策時考慮這些外部因素。

The delayed approval of the spot Bitcoin ETF undoubtedly affected Bitcoin’s price performance, causing stagnation when many expected a rally. However, with the ETF now in place and institutional interest increasing, the outlook for Bitcoin appears bright. Experts like Scaramucci believe that 2025 will be a “very good year” for Bitcoin, with potential new ETF approvals and mainstream adoption fueling further growth.

毫無疑問，比特幣ETF的延遲認可無疑影響了比特幣的價格績效，在許多人期望集會時導致停滯。但是，隨著ETF的到位，機構的興趣不斷提高，比特幣的前景顯得明亮。像Scaramucci這樣的專家認為，對於比特幣來說，2025年將是“非常好的一年”，並具有潛在的ETF批准和主流採用，從而推動了進一步的增長。

As Bitcoin solidifies its role in the global financial landscape, investors remain hopeful that the coming years will bring continued innovation, increased adoption, and a stronger foundation for the cryptocurrency market.

隨著比特幣在全球金融環境中鞏固其作用，投資者仍然希望未來幾年能帶來持續的創新，增加的採用和更強大的加密貨幣市場基礎。