到2025年底

巴比倫實驗室聯合創始人David Tse稱

The Bitcoin BTC/USD staking industry could grow into a $10 billion market by the end of 2025, according to David Tse, co-founder of Babylon Labs.

巴比倫實驗室聯合創始人David Tse表示，到2025年底，比特幣BTC/USD Staking行業可能會發展到100億美元的市場。

Speaking in an interview with Benzinga on the sidelines at ETH Denver, Tse set out a bullish vision for Bitcoin staking, highlighting its trustless nature and potential for broader adoption across blockchain ecosystems.

TSE在Eth Denver的場邊接受Benzinga的採訪時發表講話，提出了對比特幣的看漲願景，強調了其無信任的性質和在區塊鏈生態系統中更廣泛採用的潛力。

With $5 billion in Bitcoin already staked since Babylon's mainnet launch in August 2024, Tse saw ample scope for expansion as the cryptocurrency evolves beyond its store-of-value origins.

自2024年8月Babylon的Mainnet推出以來，Babylon的Mainnet推出以來，Bitcoin已有50億美元，隨著加密貨幣的發展超出其價值儲存的起源，TSE的擴展空間充足。

"Right now, we have 0.3% of all Bitcoins staked, which is around 56,000 BTC, but I envision that there will still be a lot of potential to increase this amount of Bitcoin staked," Tse said.

TSE說：“目前，我們將所有比特幣的0.3％放在了大約56,000 BTC的情況下，但我設想仍然有很大的潛力增加了這一數量的比特幣。”

Setting a goal to surpass $10 billion by year-end 2025, Tse highlighted the appeal of staking's trustlessness, adding, "there's no third party involved. It's a direct interaction between the staker and Bitcoin chain."

TSE設定了一個目標超過100億美元的目標，該目標強調了Staking無信任的吸引力，並補充說：“沒有第三方參與。這是Staker和Bitcoin連鎖店之間的直接互動。”

This characteristic, he said, aligns closely with Bitcoin holders' preference for holding over trading, naturally complementing its established role as a store of value.

他說，這一特徵與比特幣持有者偏愛交易的偏愛緊密相符，自然地補充了其作為價值存儲的既定作用。

The growth of Bitcoin staking comes amid broader institutional adoption of cryptocurrencies, a trend Tse linked to macroeconomic shifts and the introduction of Bitcoin exchange-traded funds (ETFs) in early 2023.

比特幣的生長出現在更廣泛的加密貨幣的機構採用，與宏觀經濟轉變有關的趨勢TSE以及2023年初引入比特幣交換基金（ETF）的趨勢。

He suggested that staking could further amplify institutional interest by presenting yield-bearing opportunities, envisioning potential Bitcoin-staking ETFs.

他建議，堆積可以通過展示屈服機會，設想潛在的比特幣生產ETF來進一步擴大機構利益。

"Right now Bitcoin doesn't earn any yield. So to make it more appealing to institutional investors, they could make an ETF that also covers the fee and then pay for the staking," Tse said.

TSE說：“目前，比特幣沒有任何收益率。因此，為了使其對機構投資者更具吸引力，他們可以製造一個ETF，也可以支付費用，然後支付股票費用。”

This, he explained, would differentiate them from existing non-yielding ETFs, potentially attracting greater interest towards Bitcoin ETFs.

他解釋說，這將使它們與現有的非收益ETF區分開，這可能會引起對比特幣ETF的更大興趣。

Technologically, Bitcoin staking is poised to enhance security and interoperability across blockchain networks.

從技術上講，比特幣的積分有望提高區塊鍊網絡之間的安全性和互操作性。

Tse explained that Babylon has integrated with platforms like Cosmos ATOM/USD, Optimism OP/USD, and Arbitrum ARB/USD, but scaling to other blockchains requires substantial infrastructure development.

TSE解釋說，巴比倫已與諸如Cosmos Atom/USD，樂觀OP/USD和intimum arb/usd之類的平台集成在一起，但是擴展到其他區塊鏈需要大量的基礎架構開發。

He sees Bitcoin's stable, unchanging core as a foundation for building trustless use cases, such as collateralized lending protocols, which could reshape its role in decentralized finance (DeFi).

他認為比特幣的穩定，不變的核心是建立無信任用例的基礎，例如抵押貸款方案，可以重塑其在分散融資（DEFI）中的作用。

However, he acknowledged challenges, including the lack of a smart contract layer on Bitcoin, which his team addresses through cryptographic innovations like BitVM to enable cross-chain functionality.

但是，他承認挑戰，包括缺乏比特幣上的智能合同層，他的團隊通過BITVM等加密創新來解決該挑戰，以實現跨鏈功能。

"We are building a light-client technology that can connect to any blockchain in a trustless manner, and we are also building a modular architecture for our protocols, which allows us to rapidly deploy new use cases," Tse added.

TSE補充說：“我們正在構建一種可以以無信任的方式連接到任何區塊鏈的輕晶型技術，並且我們還為協議構建了模塊化體系結構，這使我們能夠迅速部署新的用例。”

Tse also touched upon risks and regulatory factors shaping the industry.

TSE還談到了塑造行業的風險和監管因素。

He identified slashing—penalties for validator misbehavior—as the primary risk for Bitcoin stakers, although he believes it can be mitigated with robust infrastructure and insurance solutions.

他確定了削減措施 - 驗證者不當行為的penalties，是比特幣Stakers的主要風險，儘管他認為可以通過強大的基礎設施和保險解決方案來減輕它。

On regulation, Tse highlighted its crucial role, especially for institutional participation.

在監管方面，TSE強調了其至關重要的作用，尤其是在機構參與方面。

"Regulatory clarity, particularly on staking, is super important, I think, for the advance of the industry. I hope that with the new administration in the U.S., we can get to a stage where there are clearer rules," he said.

他說：“我認為，對於行業的發展，監管清晰度，尤其是在積分方面，這是非常重要的。我希望在美國的新政府中，我們可以進入一個更明確的規則的階段。”

As Bitcoin's halving events raise questions about its long-term security budget, Tse argued that increased transaction activity from staking and other use cases could bolster miner fees, aided by advancements in mining technology.

隨著比特幣的減半事件對其長期安全預算提出了疑問，TSE認為，在礦業技術的進步幫助下，由於積分和其他用例而增加的交易活動可能會促進礦工費用。

With Babylon Labs spearheading this initiative, Tse's vision sees Bitcoin staking as a transformative force, potentially converting a $5 billion foothold into a $10 billion industry within the next ten months.

隨著巴比倫實驗室（Babylon Labs）率領這項倡議，TSE的願景將比特幣作為一種變革力量，可能在未來十個月內將50億美元的立足點轉變為100億美元的行業。