加密貨幣市場即將爆發：分析師預計到 2025 年估值將達到 7.5 兆美元

儘管最近比特幣減半後加密市場陷入平靜，但Bernstein 預測到2025 年將大幅增長至7.5 兆美元。日益增長的主導地位、Solana 強大的支付基礎設施、去中心化金融的彈性、代幣化趨勢、加密遊戲的復興以及監管審查對中心化交易所的影響。

Crypto Markets Poised for Explosive Growth, Analysts Anticipate Tripling to $7.5 Trillion by 2025

加密貨幣市場預計將爆發式成長，分析師預計到 2025 年將成長兩倍，達到 7.5 兆美元

A comprehensive research report has forecasted a surge in the value of cryptocurrencies, predicting a remarkable threefold increase to reach $7.5 trillion by 2025. This optimistic projection is underpinned by several key factors identified by leading analysts.

一份綜合研究報告預測加密貨幣的價值將大幅上漲，預計到 2025 年將成長三倍，達到 7.5 兆美元。

1. Bitcoin's Ascent to $150,000

1. 比特幣升至 15 萬美元

Bernstein experts predict that Bitcoin, the dominant cryptocurrency, will soar to $150,000 by 2025. This bullish outlook is fueled by the unprecedented inflows witnessed since the launch of 10 spot Bitcoin exchange-traded funds (ETFs) in January. These inflows have instilled confidence in Bernstein's analysis, despite a recent slowdown in April.

Bernstein 專家預測，到2025 年，主導的加密貨幣比特幣將飆升至15 萬美元。前景。儘管最近四月份的資金流入有所放緩，但這些資金流入為伯恩斯坦的分析注入了信心。

2. Ethereum's Potential Unleashed

2. 以太坊的潛力得到釋放

Ethereum, the second-largest cryptocurrency, has demonstrated strong growth this year, but has lagged behind Bitcoin. Bernstein attributes this disparity to the absence of a spot Ethereum ETF approved by the US Securities and Exchange Commission (SEC).

第二大加密貨幣以太幣今年表現出強勁成長，但落後於比特幣。伯恩斯坦將這種差異歸因於缺乏美國證券交易委員會（SEC）批准的現貨以太坊 ETF。

However, Bernstein anticipates that a potential rejection of the first Ethereum ETF application, which faces a deadline of May 23, could spur litigation similar to Grayscale's ongoing efforts to convert its futures Bitcoin ETF into a spot fund. This legal challenge could revitalize the narrative surrounding Ethereum.

然而，Bernstein 預計，第一個以太坊ETF 申請可能會被拒絕（該申請的截止日期為5 月23 日），這可能會引發類似於Grayscale 正在進行的將其期貨比特幣ETF 轉換為現貨基金的訴訟。這項法律挑戰可能會重振圍繞以太坊的敘事。

3. Ethereum Staking Economy

3. 以太坊質押經濟

Bernstein advises investors to monitor the burgeoning Ethereum staking economy, which will continue to drive growth in the coming year. Platforms like Lido and EigenLayer are poised to play a pivotal role in this expansion.

伯恩斯坦建議投資人專注於蓬勃發展的以太坊質押經濟，這將在來年繼續推動成長。 Lido 和 EigenLayer 等平台將在這一擴展中發揮關鍵作用。

4. Solana's Growing Dominance

4. Solana 日益增強的主導地位

Solana, currently the fifth-largest cryptocurrency, is expected to cement its status as a payment powerhouse. Its integrated single-layer design, low transaction costs, fast processing, and dominance in stablecoin volumes underscore its growing influence. Additionally, the adoption of Solana features by payment giants like Stripe is anticipated to further bolster its position.

Solana 目前是第五大加密貨幣，預計將鞏固其作為支付巨頭的地位。其整合的單層設計、低交易成本、快速處理以及在穩定幣交易量中的主導地位凸顯了其日益增長的影響力。此外，Stripe 等支付巨頭採用 Solana 功能預計將進一步鞏固其地位。

5. Decentralized Finance (DeFi)

5.去中心化金融（DeFi）

The ongoing regulatory scrutiny of centralized exchanges has created a favorable environment for DeFi. Bernstein analysts believe that this regulatory shift will accelerate the growth of decentralized finance platforms.

對中心化交易所持續的監管審查為 DeFi 創造了有利的環境。伯恩斯坦分析師認為，這種監管轉變將加速去中心化金融平台的成長。

6. Tokenization Boom

6.代幣化熱潮

Tokenization is poised to become a major trend in 2024, with industry giants like BlackRock and Franklin Templeton expanding their presence in this domain. Bernstein predicts that this push will attract new participants from both the crypto and traditional finance sectors.

代幣化有望成為 2024 年的主要趨勢，貝萊德 (BlackRock) 和富蘭克林鄧普頓 (Franklin Templeton) 等行業巨頭將擴大在這一領域的業務。伯恩斯坦預測，這項措施將吸引來自加密貨幣和傳統金融領域的新參與者。

7. Web 3 Games: A Second Coming

7. Web 3 遊戲：再來

Web 3 games have long been heralded as the future of video gaming. While the initial wave of blockchain-based games in 2021 failed to captivate mainstream gamers, venture capitalists and analysts now foresee a resurgence. Bernstein recommends investors consider investing in Ronin Blockchain, which focuses primarily on games. Despite the decline in Axie Infinity, Ronin's flagship title, the platform has attracted 11 new games and boasts approximately three million active monthly users.

Web 3 遊戲長期以來一直被譽為電玩遊戲的未來。雖然 2021 年第一波基於區塊鏈的遊戲未能吸引主流遊戲玩家，但創投家和分析師現在預計將會復甦。伯恩斯坦建議投資人考慮投資 Ronin Blockchain，該公司主要專注於遊戲。儘管 Ronin 的旗艦遊戲《Axie Infinity》銷量下滑，但該平台仍吸引了 11 款新遊戲，並擁有約 300 萬月活躍用戶。

In conclusion, the research report by Bernstein paints a vibrant and optimistic picture for the future of crypto markets. By leveraging the aforementioned factors, investors can position themselves to capture the anticipated gains as the total value of cryptocurrencies triples to $7.5 trillion by 2025.

總之，伯恩斯坦的研究報告為加密市場的未來描繪了一幅充滿活力和樂觀的圖像。透過利用上述因素，隨著到 2025 年加密貨幣的總價值增加兩倍，達到 7.5 兆美元，投資者可以抓住預期收益。