2025 年 5 個加密貨幣預測

當 2024 年大幕落下時，投資者將歌頌華爾街。人工智慧（AI）的興起和股票分割的熱潮幫助了

As the curtain closes on 2024, investors have been singing Wall Street's praises. The rise of artificial intelligence (AI) and stock-split euphoria helped lift the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to multiple record-closing highs. However, Wall Street's gains pale in comparison to the phenomenal year delivered by the cryptocurrencies.

隨著2024年的帷幕落下，投資人紛紛對華爾街讚不絕口。人工智慧 (AI) 的興起和股票分割熱潮幫助道瓊工業平均指數、標準普爾 500 指數和納斯達克綜合指數創下多個收盤新高。然而，與加密貨幣帶來的驚人的一年相比，華爾街的漲幅顯得黯然失色。

As of this writing in the late evening on Dec. 28, the aggregate value of the entire crypto market has surged from $1.71 trillion to $3.32 trillion on a year-to-date basis. This 94% gain triples the return of the growth-centric Nasdaq Composite in 2024.

截至 12 月 28 日晚間撰寫本文時，整個加密貨幣市場的總價值從年初至今已從 1.71 兆美元飆升至 3.32 兆美元。這 94% 的漲幅是以成長為中心的那斯達克指數 2024 年回報率的三倍。

Bitcoin (CRYPTO:BTC) led the charge, with the world's largest digital currency by market cap adding north of $1 trillion in value, which is good for a 125% year-to-date climb. The launch of spot Bitcoin exchange-traded funds (ETFs) played a key role in facilitating mainstream investment in the leading cryptocurrency in 2024.

比特幣 (CRYPTO:BTC) 引領潮流，全球市值最大的數位貨幣價值超過 1 兆美元，今年迄今已上漲 125%。現貨比特幣交易所交易基金（ETF）的推出在促進 2024 年主流加密貨幣投資方面發揮了關鍵作用。

Additionally, Donald Trump's November victory helped lift Bitcoin above $100,000 per token. Trump and soon-to-be Vice President J.D. Vance have a favorable view toward Bitcoin.

此外，唐納德·川普 (Donald Trump) 11 月的勝利幫助比特幣價格突破 10 萬美元/枚。川普和即將出任副總統的 JD 萬斯對比特幣持正面看法。

But the investment landscape is all about looking forward. Following another banner year, here are five cryptocurrency predictions for 2025.

但投資前景是充滿前瞻性的。繼又一個輝煌的一年之後，以下是 2025 年加密貨幣的五項預測。

1. The crypto bear market will return

1. 加密貨幣熊市將回歸

The first prediction promises to be an unpopular one: the bear market will return.

第一個預測可能不受歡迎：熊市將會回歸。

The stars aligned perfectly for Bitcoin in 2024. The debut of spot Bitcoin ETFs spurred required buying, and the halving event in April 2024 reduced the pace at which new Bitcoin are being mined. However, the biggest catalyst of all for the world's largest digital currency might just be MicroStrategy's (NASDAQ:MSTR) ascension as the world's first "Bitcoin Treasury Company."

2024 年，比特幣的命運與比特幣完美契合。然而，全球最大數位貨幣的最大催化劑可能只是 MicroStrategy（納斯達克股票代碼：MSTR）成為世界上第一家「比特幣財務公司」。

MicroStrategy CEO Michael Saylor has been a longtime supporter of the world's top digital currency and has overseen the purchase of 442,262 Bitcoin at an average cost of $62,257, as of Dec. 23. Saylor has financed MicroStrategy's big bet on Bitcoin by selling convertible debt and issuing shares of his company's stock. He's currently seeking approval to increase his company's outstanding share count by up to 10 billion to 10.33 billion shares.

MicroStrategy 執行長Michael Saylor 一直是全球頂級數位貨幣的長期支持者，截至12 月23 日，他已以平均成本62,257 美元購買了442,262 枚比特幣。 MicroStrategy 在比特幣上的大賭注提供了資金。他目前正在尋求批准將該公司的流通股數量增加最多 100 億股，達到 103.3 億股。

While this leveraged bet on Bitcoin has some investors believing in the fabled "infinite money glitch," we've witnessed leveraged investment scenarios fail time and again on Wall Street. To make matters worse, MicroStrategy potentially lacks the operating cash flow from its AI-enterprise analytics software segment to even cover the servicing costs on its debt.

雖然這種對比特幣的槓桿押注讓一些投資者相信傳說中的“無限資金故障”，但我們在華爾街目睹了槓桿投資場景一次又一次的失敗。更糟的是，MicroStrategy 可能缺乏人工智慧企業分析軟體部門的營運現金流，甚至無法支付債務服務成本。

Without sustained purchases from MicroStrategy, which seem likely to fade at some point in the new year, Bitcoin's upward momentum will taper. With key catalysts now in the rearview mirror and Bitcoin's history filled with jaw-dropping corrections, a bear market decline of 20% or greater is expected.

如果沒有 MicroStrategy 的持續購買（這種購買似乎可能會在新的一年的某個時候消退），比特幣的上漲勢頭將會減弱。由於關鍵催化劑現在已經成為過去，而且比特幣的歷史充滿了令人瞠目結舌的調整，預計熊市將下跌 20% 或更多。

2. Ethereum will handily outperform Bitcoin

2.以太坊將輕鬆超越比特幣

Secondly, don't be surprised to see the second-largest cryptocurrency by market value, Ethereum (CRYPTO:ETH), notably outperform Bitcoin in the new year. For some context, Ethereum's 48% year-to-date gain significantly lags the 125% increase registered by Bitcoin.

其次，如果看到市值第二大的加密貨幣以太坊（CRYPTO：ETH）在新的一年表現明顯優於比特幣，請不要感到驚訝。在某些情況下，以太幣今年迄今 48% 的漲幅明顯落後於比特幣 125% 的漲幅。

One of the tangible catalysts for Ethereum is the approval of more than a half-dozen spot Ethereum ETFs in May 2024 by the Securities and Exchange Commission (SEC). Creating a path for everyday investors to buy Ethereum without having to purchase it on an obscure crypto exchange can provide the same lift for crypto's No. 2 coin that we saw from Bitcoin in 2024.

以太坊的實際催化劑之一是美國證券交易委員會 (SEC) 於 2024 年 5 月批准了超過六隻現貨以太坊 ETF。為普通投資者創建一條購買以太坊的途徑，而無需在不起眼的加密貨幣交易所購買它，可以為加密貨幣第二號硬幣提供與我們在 2024 年從比特幣中看到的相同的提升。

Furthermore, history is on Ethereum's side. The last time we witnessed a gap this wide in overall cryptocurrency market cap dominance between Bitcoin and Ethereum was in early 2021. Between June 2020 and June 2021, Ethereum more than tripled the return of Bitcoin. Historically speaking, when Ethereum's dominance dips, relative to Bitcoin, investors flock to crypto's No. 2 coin.

此外，歷史站在以太坊這邊。上一次我們目睹比特幣和以太坊在加密貨幣整體市值主導地位上存在如此大的差距是在2021 年初。多。從歷史上看，當以太坊相對於比特幣的主導地位下降時，投資者就會湧向加密貨幣第二號貨幣。

3. The ultra-popular dog-themed meme coins will lose half of their value

3.超火的狗狗主題幣將貶值一半

While altcoins are expected to be a hot commodity in 2025 following the huge rally in Bitcoin, ultra-popular meme tokens Dogecoin (CRYPTO:DOGE) and Shiba Inu (CRYPTO:SHIB) are likely to lose 50% of their value.

儘管隨著比特幣的大幅上漲，山寨幣預計將在2025 年成為熱門商品，但超受歡迎的迷因代幣狗狗幣(CRYPTO:DOGE) 和柴犬(CRYPTO:SHIB) 的價值可能會損失50 %。

Dogecoin rocketed higher following Trump's November victory. This rally has to do with Trump appointing Tesla CEO Elon Musk to head the Department of Government Efficiency (DOGE) with Vivek Ramaswamy.

川普 11 月獲勝後，狗狗幣飆升。這場集會與川普任命特斯拉執行長馬斯克（Elon Musk）與維韋克·拉馬斯瓦米（Vivek Ramaswamy）共同領導政府效率部（DOGE）有關。