各國虛擬資產產業競爭加劇，「貨幣冷戰時代」開啟

虛擬資產交易所Covit旗下Covit研究中心19日發布了一份題為《2025年虛擬資產市場展望》的報告。

As competition among nations to nurture the virtual asset industry heats up, the so-called 'Coin Cold War era' is expected to unfold.

隨著各國培育虛擬資產產業的競爭加劇，所謂的「貨幣冷戰時代」預計即將到來。

Covit, a virtual asset exchange, announced on the 19th that the Covit Research Center has published a report titled '2025 Virtual Asset Market Outlook.' This marks the third year in a row that the Covit Research Center has put out a report predicting the virtual asset market for the new year, and all four researchers from the center participated in preparing the report.

虛擬資產交易所Covit 19日宣布，Covit研究中心發布了題為《2025年虛擬資產市場展望》的報告。這是科維特研究中心連續第三年發布新年虛擬資產市場預測報告，該中心四位研究人員全部參與了該報告的準備工作。

The report analyzes that bitcoin's 'space competition' will begin as the global regulatory environment changes, much like the 'space competition' between the U.S. and the Soviet Union over space-related achievements during the Cold War. It adds that competition among nations will intensify as global conglomerates and major financial institutions that had already entered the market will focus on stablecoins and bitcoin thanks to the U.S. Bitcoin Strategic Assets Act.

報告分析，比特幣的「太空競爭」將隨著全球監管環境的變化而開始，就像冷戰時期美國和蘇聯圍繞太空相關成就的「太空競爭」一樣。報告補充稱，由於美國《比特幣戰略資產法案》的出台，已經進入市場的全球企業集團和主要金融機構將專注於穩定幣和比特幣，國家之間的競爭將加劇。

The report then predicts that changes in the U.S. regulatory environment will create a favorable climate for the virtual asset market and expand banks' participation in the virtual asset market. In the long term, bitcoin is expected to move upward thanks to the approval of spot ETFs and the central bank maintaining its stance on lowering interest rates.

報告隨後預測，美國監管環境的變化將為虛擬資產市場創造有利的氛圍，擴大銀行對虛擬資產市場的參與。長期來看，由於現貨ETF的批准以及央行維持降息立場，比特幣有望上漲。

It also predicts that institutional interest in altcoins will accelerate and various tokenization funds will grow. The center explains that asset managers are already applying for Solana, Ripple, and Crypto Index ETFs, while experiments are being conducted to tokenize various funds.

它也預測機構對山寨幣的興趣將會加速，各種代幣化基金將會成長。該中心解釋說，資產管理公司已經在申請 Solana、Ripple 和加密貨幣指數 ETF，同時正在進行各種基金代幣化的實驗。

The report adds that traditional financial institutions will continue to tokenize assets and cooperate with DeFi using public (open to all) blockchains.

報告補充說，傳統金融機構將繼續使用公共（向所有人開放）區塊鏈對資產進行代幣化並與 DeFi 合作。

Choi Yoon-young, head of the Covit Research Center, said, "In the current uptrend, it is crucial to objectively analyze the market situation and closely observe the structural changes in the market and the impact of external factors from a long-term perspective."

Covit研究中心主任Choi Yoon-young表示，「在當前的上漲趨勢中，客觀分析市場情勢，從長遠角度密切觀察市場的結構性變化和外部因素的影響至關重要」。