VanEck 公佈 2025 年十大加密貨幣預測，預計比特幣 (BTC) 和以太幣 (ETH) 將大幅成長

該報告由數位資產研究主管 Matthew Sigel 和高級投資分析師 Patrick Bush 領導，顯示市場將在第一季達到頂峰

Investment management giant VanEck has shared its top 10 crypto predictions for 2025, envisioning remarkable growth for Bitcoin (BTC) and Ethereum (ETH). Their projections indicate that the ongoing crypto bull market will propel BTC to $180,000 and ETH to over $6,000 by Q1 2025.

投資管理巨頭 VanEck 分享了 2025 年十大加密貨幣預測，預計比特幣 (BTC) 和以太坊 (ETH) 將會顯著成長。他們的預測表明，持續的加密貨幣多頭市場將在 2025 年第一季將 BTC 推至 18 萬美元，將 ETH 推至 6,000 美元以上。

VanEck’s Bullish Crypto Predictions for 2025

VanEck 對 2025 年加密貨幣的樂觀預測

The report, spearheaded by Matthew Sigel, Head of Digital Assets Research, and Patrick Bush, Senior Investment Analyst, suggests that the market will peak in Q1, followed by a summer retracement. They anticipate Bitcoin may decline by 30%, while altcoins could experience sharper corrections of up to 60%. However, the recovery is expected to begin by Q4, with major tokens resuming their rally to set new all-time highs.

該報告由數位資產研究主管 Matthew Sigel 和高級投資分析師 Patrick Bush 牽頭，顯示市場將在第一季達到頂峰，隨後出現夏季回檔。他們預計比特幣可能會下跌 30%，而山寨幣可能會經歷高達 60% 的大幅調整。然而，復甦預計將在第四季開始，主要代幣將恢復漲勢並創下歷史新高。

To gauge market exuberance, the report will focus on key metrics such as high funding rates, excessive unrealized profits, overvalued market cap-to-realized value (MVRV) ratios, and declining BTC dominance. These indicators have historically signaled cycle tops and will inform VanEck’s market outlook.

為了衡量市場繁榮程度，該報告將重點關注高融資率、過高的未實現利潤、高估的市值與已實現價值（MVRV）比率以及比特幣主導地位下降等關鍵指標。這些指標歷來預示著週期頂部，並將為 VanEck 的市場前景提供資訊。

The report also predicts that the United States will adopt Bitcoin as a strategic asset under a pro-crypto administration. With Donald Trump's re-election, the appointment of crypto-friendly officials to key positions, such as Paul Atkins as SEC Chair, marks the end of restrictive policies. VanEck anticipates the establishment of Bitcoin reserves by either the federal government or individual states like Texas or Florida, utilizing the asset to hedge against economic uncertainty.

該報告還預測，美國將在親加密政府的領導下將比特幣作為戰略資產。隨著唐納德·川普的連任，任命對加密貨幣友好的官員擔任關鍵職位，例如保羅·阿特金斯擔任 SEC 主席，標誌著限制性政策的結束。 VanEck 預計聯邦政府或德州或佛羅裡達州等個別州將建立比特幣儲備，利用該資產來對沖經濟不確定性。

Corporate adoption of Bitcoin is expected to accelerate, with both public and private companies increasing their holdings by 43%, surpassing Satoshi Nakamoto's estimated 1.1 million BTC. Furthermore, U.S.-based Bitcoin mining is projected to capture 35% of the global hash rate by 2025, up from 28% in 2024, due to clear regulations, cheap energy, and favorable tax policies.

企業對比特幣的採用預計將加速，上市公司和私人公司的比特幣持有量將增加 43%，超過中本聰估計的 110 萬比特幣。此外，由於明確的法規、廉價的能源和優惠的稅收政策，預計到 2025 年，美國的比特幣挖礦將佔據全球算力的 35%，高於 2024 年的 28%。

Other Predictions

其他預測

VanEck’s report also highlights the broader tokenization of assets, predicting that the value of tokenized securities will exceed $50 billion. Stablecoin daily settlement volumes are expected to reach $300 billion, reflecting their increasing importance in digital finance. Meanwhile, Ethereum is anticipated to generate $1 billion in blob space fees, demonstrating its continued dominance in DeFi.

VanEck 的報告也強調了更廣泛的資產代幣化，預測代幣化證券的價值將超過 500 億美元。穩定幣每日結算量預計將達到 3,000 億美元，反映出其在數位金融中日益重要。同時，以太坊預計將產生 10 億美元的 blob 空間費用，證明其在 DeFi 領域的持續主導地位。

The NFT market, which experienced a significant downturn, is expected to recover, with trading volumes reaching $30 billion. Decentralized exchanges (DEXs) are projected to achieve $4 trillion in annual volumes, while DeFi's total value locked (TVL) could increase to $200 billion.

經歷了大幅低迷的 NFT 市場預計將復甦，交易量將達到 300 億美元。去中心化交易所 (DEX) 的年交易量預計將達到 4 兆美元，而 DeFi 的總鎖定價值 (TVL) 可能會增加到 2,000 億美元。