比特币和山寨币在2024年迅速增长，轨迹会在2025年继续吗？

加密货币在2024年迅速增长，尤其是在第四季度，但这种轨迹是否会继续

Cryptocurrency experienced swift growth in 2024, particularly in the fourth quarter. As the year began, the question on everyone's mind was whether this trajectory would continue. The first quarter of 2025 has already seen high volatility and fluctuation, with crypto prices hitting a high at the start of March only to plummet a few days later.

加密货币在2024年经历了迅速的增长，尤其是在第四季度。随着年的开始，每个人都想到的问题是这一轨迹是否会继续下去。 2025年第一季度的波动性和波动很高，加密货币价格在3月初的高度下降，直到几天后下降。

The year is still young, and crypto traders with an HODL ("Hold on for Dear Life") strategy hope to see Bitcoin rally and even double in price this year, while altcoin investors continue to anticipate a "moonshot" that will yield exponential returns.

这一年还很年轻，加密货币交易员拥有HODL（“持有亲爱的生活”）策略希望看到比特币集会，甚至今年的价格两倍，而Altcoin Investmors继续预计将产生指数级的“月经”。

It's not at all clear what 2025 will be like for the crypto market, and no outcomes are guaranteed; even past performance of major coins like Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH) don't offer the most solid grounds for prediction, because the cryptosphere remains relatively new and untested (and, for many investors, exciting). Nevertheless, if crypto token prices keep up with their anticipated growth rate, price moves that double or triple remain very possible over the next twelve months.

目前尚不清楚加密货币市场的2025年会是什么样，也不能保证结果。即使是比特币（Crypto：BTC）和Ether（Crypto：ETH）等主要硬币的表现也没有提供最坚实的预测基础，因为加密圈仍然相对较新且未经测试（对于许多投资者而言，令人兴奋的是）。然而，如果加密代币价格与预期的增长率保持同步，那么在接下来的十二个月中，两倍或三倍的价格转移仍然很可能。

Strong Tailwinds For The Crypto Market

加密市场强烈的逆风

2024 did give cryptocurrency several tailwinds that could continue driving price increases in 2025. For example, Bitcoin's halving event in April 2024 restricted the token's available supply. With less Bitcoin available, continued demand for the coin can theoretically drive the price up this year.

2024年确实给加密货币提供了几条尾风，这些方风可能会在2025年继续提高价格。由于可用的比特币，对硬币的持续需求理论上可以使今年的价格上涨。

The other watershed moment last year was the January 2024 regulatory approval for the trade of spot Bitcoin exchange traded funds (ETFs), which opened Bitcoin up to mainstream investors by providing them with a regulated means of investing in Bitcoin through their brokerage accounts. Large companies like BlackRock (NYSE:BLK) and Fidelity quickly added the crypto token to their reserves–and have continued to add more. (BlackRock, for example, just augmented its supply with another $145 million in BTC on March 21, 2025.)

去年的另一个分水岭是2024年1月对现货比特币交易所交易基金（ETF）交易的监管机构批准，该贸易通过其经纪帐户为比特币提供了监管的投资手段，从而向主流投资者开放了比特币。像BlackRock（NYSE：BLK）和Fidelity这样的大型公司很快将加密代币增加了为他们的储备，并继续增加更多。 （例如，贝莱德（Blackrock）在2025年3月21日在BTC又增加了1.45亿美元的供应。）

This has led to high trading volumes of spot Bitcoin ETFs over the past year. In fact, with many hoping that the SEC will approve ETFs for other cryptocurrencies, the volume of both Bitcoin and altcoin trading has risen quickly on Binance and other popular crypto platforms. In a recent interview with Benzinga, Richard Teng, CEO of Binance, described the growth of the Bitcoin market: "We saw Bitcoin ETFs approved in the U.S. and globally, from Brazil to Hong Kong and Australia. The net inflow into Bitcoin ETFs has already surpassed that of gold ETFs within a year, demonstrating the immense pent-up demand."

在过去的一年中，这导致了大量的比特币ETF。实际上，许多人希望SEC能够批准ETF来获得其他加密货币，因此比特币和替代币交易的数量在Binance和其他流行的加密平台上很快增加了。 Binance首席执行官Richard Teng在最近的一次采访中描述了比特币市场的增长：“我们看到比特币ETF在美国和全球范围内，从巴西到香港和澳大利亚。从巴西到香港和澳大利亚。净流入比特币ETF的净流入已经超过了一年的金ETF，这表明了一年的含量，这表明了含量的需求。”

Teng also described the increased institutional interest in the coin. "This year, we've seen a significant uptick in institutional interest, with sovereign wealth funds and pension funds beginning to allocate Bitcoin reserves. This is a major positive for the industry as we move into 2025."

滕还描述了硬币的机构利益的增加。 “今年，我们已经看到机构利益的大幅提升，主权财富基金和养老基金开始分配比特币储备。这对我们进入2025年是对行业的主要积极积极的贡献。”

By the end of 2024, investors could trade options on spot Bitcoin ETFs from BlackRock, Fidelity, and ARK Invest. In fact, the crypto trading firm Galaxy Digital shared with The Wall Street Journal in November that it could see about $100 million in bullish purchases of BlackRock ETF call options expiring in 2026 or 2027.

到2024年底，投资者可以通过BlackRock，Fidelity和ARK Invest的现货比特币ETF进行交易。实际上，这家加密货币贸易公司Galaxy Digital在11月与《华尔街日报》（Wall Street Journal）共享，它可能会在2026年或2027年将看涨约1亿美元的BlackRock ETF呼叫期权。

"The evolution of Bitcoin has consistently driven price rallies whenever new layers of Bitcoin acquisition were introduced to financial markets," suggested Markus Thielen, founder of 10x Research.

10倍研究的创始人Markus Thielen建议：“只要将新的比特币收购层引入金融市场，比特币的发展一直在推动价格集会。”

Only time will tell if Thielen's prediction proves accurate, but certainly the current high demand for Bitcoin paired with the new options for how to trade it constitute significant tailwinds that increase the potential that both Bitcoin and other decentralized digital assets will see strong price increases this year.

只有时间可以证明Thielen的预测是否证明是准确的，但是当然，对比特币的高需求以及如何交易的新选择构成了重要的尾风，从而提高了比特币和其他分散数字资产的潜力，今年的价格强劲。

Riding Out Regulatory Uncertainty

摆脱监管不确定性

Besides Bitcoin's recent halving event and the introduction of exchange-traded funds and options trading, the other tailwind is public perception that the regulatory environment may be shifting in cryptocurrency's favor.

除了比特币最近的减半活动以及引入交易所交易的资金和期权交易之外，另一个方风是公众的看法，即监管环境可能会在加密货币的利益中转移。

Beyond just bullish anticipation of more ETF approvals, crypto enthusiasts look to promises of a national cryptocurrency stockpile. Anticipation of a national reserve may have motivated the inflow of $20 billion in USDT (Tether) into major exchanges late last year, including $7.7 billion into Binance.

除了看好对更多ETF批准的期望，加密助人的爱好者都希望承诺国家加密货币库存。去年年底，国家预备队的期望可能激发了200亿美元（束缚）的200亿美元（包括77亿美元）的重大交易所。

Whether it's practical or even possible for the U.S. to build a cryptocurrency stockpile in 2025 remains to be seen. There are also attempts to create reserves at the state level, with bills proposed in 20 states–but five states have already blocked these measures, leaving the future integration of cryptocurrency into public finance uncertain.

无论是实际的，甚至有可能在2025年建立加密货币库存还是有可能的，还有待观察。还试图在州一级创建储备金，在20个州提出了法案，但五个州已经阻止了这些措施，使得加密货币将未来整合到公共财政上不确定。

From Wild West To Mainstream?

从野外西部到主流？

Despite bumps in the road to creating state reserves, there are multiple signs that Bitcoin and other cryptocurrencies may still be on the fast track to mainstreaming in 2025. Bitcoin price continues to rise and recently passed the milestone of $

尽管在创建国家储量的道路上有颠簸，但有多种迹象表明，比特币和其他加密货币可能仍在2025年的快速轨道上登上主流。比特币价格继续上涨，最近通过了$ $的里程碑。