比特幣 (BTC) 價格接近 10 萬美元，加密貨幣市場前景仍然看漲

專家表示，隨著加密貨幣交易者在年底稍事休息，該行業的整體前景仍然高度樂觀。

Cryptocurrency had a banner year in 2024, with the total market cap increasing by 127 per cent to reach $3.9 trillion, according to research from crypto.com.

根據 crypto.com 的研究，加密貨幣在 2024 年迎來了輝煌的一年，總市值增加了 127%，達到 3.9 兆美元。

The number of crypto owners also surged, reaching 653 million as of November 2024.

截至 2024 年 11 月，加密貨幣所有者數量也激增，達到 6.53 億。

Depending on market conditions, the number of global crypto owners is likely to reach 750-900 million in 2025, crypto.com predicts.

crypto.com 預測，根據市場情況，到 2025 年，全球加密貨幣所有者數量可能會達到 750-9 億。

“In 2025, we expect cryptocurrency to make strong inroads to becoming a mainstream asset class within the traditional finance ecosystem. This is in part due to a pivotal shift for Bitcoin in 2024, from a digital currency with a 15-year history for cryptocurrency enthusiasts to an institutional-grade asset, tradeable as a regulated financial product.

「到 2025 年，我們預計加密貨幣將強勢進軍，成為傳統金融生態系統中的主流資產類別。這在一定程度上是由於比特幣在 2024 年發生了關鍵轉變，從加密貨幣愛好者擁有 15 年歷史的數位貨幣轉變為機構級資產，可以作為受監管的金融產品進行交易。

Bitcoin reaching $100,000 in 2024 was not just an exciting moment for Bitcoin, but a milestone moment for the entire crypto industry — once again proving its resilience,” said Tarik Erk, General Manager Middle East & Africa, crypto.com.

比特幣在2024 年達到10 萬美元不僅對比特幣來說是一個激動人心的時刻，而且對整個加密行業來說也是一個里程碑時刻——再次證明了它的韌性。經理Tarik Erk 表示。

Cryptocurrencies have been boosted by the re-election of Donald Trump, with markets feeling optimistic about his support for digital assets.

唐納德·川普的連任推動了加密貨幣的上漲，市場對他對數位資產的支持感到樂觀。

Trump aims to make the US a crypto capital and wants to create a Bitcoin reserve.

川普的目標是讓美國成為加密貨幣之都，並希望建立比特幣儲備。

He also plans to ease regulations on the crypto market, which could create further growth opportunities for the asset.

他還計劃放鬆對加密貨幣市場的監管，這可能為該資產創造進一步的成長機會。

His approach, along with the Republican Party’s pro-crypto stance, signals a shift toward greater acceptance of cryptocurrencies, said Vijay Valecha, chief investment officer, Century Financial.

Century Financial 首席投資長 Vijay Valecha 表示，他的做法以及共和黨支持加密貨幣的立場，標誌著人們對加密貨幣的接受程度有所提高。

Many expect that by 2025, new laws will modernise the US financial system to better include cryptocurrencies.

許多人預計，到 2025 年，新法律將使美國金融體系現代化，以更好地納入加密貨幣。

One of these could give the Commodity Futures Trading Commission (CFTC) more power to regulate crypto, reducing the SEC’s role.

其中之一可能會賦予商品期貨交易委員會（CFTC）更多監管加密貨幣的權力，從而削弱 SEC 的角色。

“This shift could be good for the future of cryptocurrencies and for companies involved in the crypto industry. If the SEC eases its strict rules on cryptocurrencies, it could make things easier for crypto investors and businesses,” said Valecha.

「這種轉變可能有利於加密貨幣的未來以及參與加密產業的公司。如果美國證券交易委員會放鬆對加密貨幣的嚴格規定，這可能會讓加密貨幣投資者和企業的事情變得更容易。

Since Bitcoin ETFs launched in January, they’ve already seen over $500 billion in daily trading volume and $36 billion in net inflows, with BlackRock’s iShares Bitcoin Trust being a standout success.

自 1 月推出比特幣 ETF 以來，每日交易量已超過 5,000 億美元，淨流入量達 360 億美元，貝萊德的 iShares 比特幣信託基金取得了巨大成功。

“Bitcoin ETFs are expected to attract more flows in 2025 for three key reasons: the first years are typically the slowest for ETFs, large powerhouses like Morgan Stanley, Merrill Lynch, etc. are expected to come up with their own ETFs, and investors will gradually increase their allocation,” said Valecha.

「比特幣 ETF 預計將在 2025 年吸引更多資金，原因有三：第一年通常是 ETF 最慢的一年，摩根士丹利、美林等大型巨頭預計將推出自己的 ETF，投資者將逐漸增加他們的分配，」Valecha 說。

The launch of Bitcoin ETF options this year is a big step for cryptocurrencies as it may lead to reduced volatility, boosting investor confidence and creating positive price momentum.

今年比特幣 ETF 選擇權的推出對於加密貨幣來說是一大進步，因為它可能會減少波動性，提振投資者信心並創造積極的價格動力。

“As more crypto ETFs, beyond Bitcoin and Ether, are expected to launch under Trump’s administration, the category could see even larger amounts of assets under management (AUM), especially with growing investor interest, a more stable trading environment, and lower absolute values associated with ETFs,” said Valecha.

「隨著川普政府預計將推出除比特幣和以太幣之外的更多加密貨幣ETF，該類別的管理資產(AUM) 數量可能會更大，特別是在投資者興趣不斷增長、交易環境更加穩定以及在絕對價值較低的情況下與 ETF 相關，」Valecha 說。

In 2025, the industry will watch a few key areas: SAB 121, stablecoins, greater regulatory openness to digital asset innovation, and movement around a US strategic Bitcoin reserve.

2025 年，業界將關注幾個關鍵領域：SAB 121、穩定幣、對數位資產創新的更大監管開放以及圍繞美國戰略比特幣儲備的動向。

Crypto mining companies like Riot, Mara, Coinbase, and CLSK are also expected to benefit from proposed deregulations, analysts say.

分析師表示，Riot、Mara、Coinbase 和 CLSK 等加密貨幣挖礦公司也有望從擬議的放鬆管制中受益。

Increased adoption of cryptocurrencies is expected by corporations that could use this technology to innovate and establish their position in the market.

可以利用該技術進行創新並確立其市場地位的公司預計會越來越多地採用加密貨幣。

“This can be seen from MicroStrategy Inc., the largest corporate holder of Bitcoin, which has integrated crypto into its portfolio and could potentially merge the financial technology in the gaming world,” said Valecha.

Valecha 表示：“這一點可以從比特幣最大的企業持有者 MicroStrategy Inc. 身上看到，該公司已將加密貨幣整合到其投資組合中，並有可能將金融技術合併到遊戲世界中。”

Further, decentralised artificial intelligence (deAI) is set to reshape how AI operates by leveraging blockchain to distribute computation and data storage across a decentralised network.

此外，去中心化人工智慧（deAI）將利用區塊鏈在去中心化網路上分配運算和資料存儲，從而重塑人工智慧的運作方式。

The integration of deAI with blockchain is expected to unlock potential across industries like healthcare, finance and logistics.

deAI 與區塊鏈的整合預計將釋放醫療保健、金融和物流等行業的潛力。

Multiple Central Bank Digital Currency (CBDC) projects are being introduced to modernise payment systems and promote financial inclusion.

多個中央銀行數位貨幣（CBDC）項目正在被引入，以實現支付系統現代化並促進金融包容性。

This could further benefit the crypto sector and create promising growth avenues.

這可能會進一步有利於加密貨幣行業並創造有希望的成長途徑。

Industry growth and adoption will continue to be bolstered by the ever-increasing ability of crypto to be a form of payment for everyday goods and services and the increase of traditional banking systems using blockchain technology and innovations, such as stablecoins, to create greater efficiencies in areas like settlements and cross-border payments.

加密貨幣作為日常商品和服務的支付方式的能力不斷增強，以及使用區塊鏈技術和穩定幣等創新技術的傳統銀行系統的增加，將繼續推動行業的增長和採用，以提高效率。境支付等領域。

“Looking ahead, the potential approval of ETFs for other cryptocurrencies, expected pro-crypto policies under President Donald Trump’s incoming administration and discussions being had in many countries around establishing bitcoin reserves could further encourage adoption,” said Erk.

Erk 表示：「展望未來，其他加密貨幣ETF 的潛在批准、唐納德·川普總統即將上任的政府預計將出台的支持加密貨幣的政策以及許多國家圍繞建立比特幣儲備進行的討論可能會進一步鼓勵採用。

More jurisdictions globally are focussed on designing effective regulation which enhances consumer and institutional trust in the industry.

全球越來越多的司法管轄區致力於設計有效的監管，以增強消費者和機構對該行業的信任。

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