2024年加密產業回顧

2024 年對加密產業來說是動盪的一年。比特幣現貨ETF推出，機構加速採用，帶來產業繁榮

2024 was a year of great change for the crypto industry. Many things happened in the crypto market. Changes in the industry structure and fluctuations in market sentiment are shaping the unique industry landscape of this year.

2024 年是加密產業發生巨大變化的一年。加密貨幣市場發生了很多事情。產業結構的變化和市場情緒的波動正在塑造今年獨特的產業格局。

Bitcoin performed particularly well this year, with a price increase of more than 110%, highlighting the unique charm and potential of cryptocurrency as an emerging investment field.

比特幣今年表現特別出色，價格漲幅超過110%，凸顯了加密貨幣作為新興投資領域的獨特魅力和潛力。

At the beginning of the year, the U.S. Securities and Exchange Commission (SEC) approved the listing application of the first Bitcoin spot ETF. This milestone decision marked the official entry of crypto assets into the mainstream financial market. Funds poured in like a tide, pushing the price of Bitcoin to a record high in March. The enthusiasm of institutional investors and the high recognition of the market laid a solid foundation for the prosperity of the cryptocurrency market throughout the year.

今年年初，美國證券交易委員會（SEC）批准了首支比特幣現貨ETF的上市申請。這項里程碑式的決定標誌著加密資產正式進入主流金融市場。資金如潮水般湧入，推動比特幣價格在3月創下歷史新高。機構投資者的熱情和市場的高度認可為全年加密貨幣市場的繁榮奠定了堅實的基礎。

At the end of April, Bitcoin ushered in the fourth halving event in history, which once again highlighted the unique status of Bitcoin as a scarce asset. Although the market did not continue to strengthen after the halving, but entered a correction period after May, historical data shows that the supply reduction effect brought about by the halving cannot be ignored in the long-term promotion of Bitcoin prices, and has become an important catalyst for market optimism in 2024.

4月底，比特幣迎來史上第四次減半事件，再次凸顯了比特幣作為稀缺資產的獨特地位。雖然減半後市場並未繼續走強，而是進入5月份後的回調期，但歷史數據顯示，減半帶來的供給減少效應在比特幣價格的長期推動中不可忽視，已成為比特幣價格的長期推動因素。

Around the middle of the year, the crypto market began a painful adjustment period. Affected by multiple factors such as global macroeconomic uncertainty, geopolitical conflicts and the German government's sell-off, market volatility intensified, and major market indicators fell sharply from the highs in the first half of the year. Altcoins even fell to the lows of the bear market. The industry faced a difficult period and skepticism arose.

年中前後，加密市場開始了痛苦的調整期。受全球宏觀經濟不確定性、地緣政治衝突、德國政府拋售等多重因素影響，市場波動加劇，主要市場指標較上半年高點大幅回落。山寨幣甚至跌至熊市低點。產業面臨困難時期，質疑聲不斷出現。

During this period, the listing of Ethereum spot ETF brought a glimmer of hope to the market, but failed to replicate the rise of Bitcoin ETF. Ethereum and its ecosystem, which were highly expected, led the decline. When market sentiment was low, Meme coin emerged with its unique value capture model and community consensus, becoming an emerging track with a market value of over US$100 billion, triggering in-depth discussions on its core value in the industry.

在此期間，以太坊現貨ETF的上市為市場帶來了一線希望，但未能複製比特幣ETF的崛起。被寄予厚望的以太坊及其生態系領跌。在市場情緒低迷的時候，Meme幣以其獨特的價值捕獲模式和社群共識脫穎而出，成為市值超千億美元的新興賽道，引發業界對其核心價值的深入討論。

In September, the global financial market ushered in a major turning point. The Federal Reserve cut interest rates for the first time in four years, forcing major central banks around the world to follow suit and release money, and the world entered a relatively loose monetary policy environment. The interest rate cut cycle is often closely related to the rise in risky asset prices. After a period of downturn, the confidence in the crypto market began to boost. The trading volume and the total supply of stablecoins showed signs of recovery to a certain extent, and the market funds and activity have recovered.

9月，全球金融市場迎來重大轉折。聯準會四年來首次降息，迫使全球主要央行紛紛效法釋放資金，全球進入相對寬鬆的貨幣政策環境。降息週期往往與風險資產價格上漲密切相關。經過一段時間的低迷之後，人們對加密貨幣市場的信心開始提振。穩定幣的交易量和總供應量出現一定程度的復甦跡象，市場資金和活躍度有所恢復。

The fourth quarter was a historic moment for the crypto market. During the US election, the topic of cryptocurrency took center stage on the US political stage for the first time. The Trump team’s explicit commitment to promote a more friendly regulatory framework greatly stimulated market sentiment, and the “Trump trade” continued to heat up and continued to ferment after his victory.

第四季是加密貨幣市場的歷史性時刻。美國大選期間，加密貨幣話題首次登上美國政治舞台的中心舞台。川普團隊明確承諾推動更友善的監管框架，極大刺激了市場情緒，「川普貿易」在其獲勝後持續升溫並持續發酵。

Since then, Trump has successively appointed crypto supporters as heads of various departments, such as the Secretary of the Treasury, Secretary of Commerce, Chairman of the SEC, leader of the Department of Government Efficiency, and head of cryptocurrency affairs, and promoted the Bitcoin Strategic Reserve Plan in various states, stimulating the price of Bitcoin to rise steadily and break through the $100,000 mark for the first time in history. Bitcoin and other cryptocurrencies have not only achieved a leap in value at the economic level, but have also gained unprecedented recognition and attention at the political and social levels.

此後，川普陸續任命加密貨幣支持者為財政部長、商務部長、SEC主席、政府效率部負責人、加密貨幣事務負責人等各部門負責人，並大力推動比特幣的發展。 ，刺激比特幣價格穩定上漲，史上首次突破10萬美元大關。比特幣等加密貨幣不僅在經濟層面實現了價值的飛躍，在政治和社會層面也獲得了前所未有的認可和關注。

On January 20, 2025, the United States will hold the presidential inauguration ceremony, and Trump will officially take office. Compared with the Biden administration, the new administration led by Trump is more friendly to the crypto market. The increasingly open and transparent regulatory environment will provide broad imagination space for the future of the crypto market, and the market is highly concerned and looking forward to it.

2025年1月20日，美國將舉行總統就職典禮，川普正式就職。與拜登政府相比，川普領導的新政府對加密貨幣市場更加友善。日益開放透明的監管環境將為加密市場的未來提供廣闊的想像空間，市場高度關注與期待。

1. Promotion of the Bitcoin Strategic Reserve Plan

一、比特幣戰略儲備計畫的推進

Trump's idea of "US Strategic Bitcoin Reserve" is undoubtedly one of the most noteworthy focuses in 2025. If Bitcoin obtains strategic reserve status, it will achieve a gorgeous transformation from a niche market asset to a public asset of the treasury, and its legitimacy and recognition will be greatly improved. As a strategic reserve asset, Bitcoin will fight side by side with traditional assets such as gold and foreign exchange reserves to provide protection for national economic stability and financial security.

川普提出的「美國戰略比特幣儲備」構想無疑是2025年最值得關注的焦點之一。和合法性也將得到保障。比特幣作為戰略儲備資產，將與黃金、外匯存底等傳統資產並肩作戰，為國家經濟穩定和金融安全提供保障。

Trump has repeatedly raised the idea of establishing a national Bitcoin reserve during his campaign, and recently hinted at the creation of a Bitcoin reserve in an interview at the New York Stock Exchange. Whether this ambitious proposal can be implemented in the short term remains to be seen, but it is expected to be actively promoted in 2025. Any remarks by Trump suggesting that this plan is being promoted will bring obvious upward support

川普在競選期間多次提出建立國家比特幣儲備的想法，最近在紐約證券交易所接受採訪時暗示要建立比特幣儲備。這項雄心勃勃的提議短期內能否實施還有待觀察，但預計將在2025年積極推進。