ZX Squared Capital创始人说，到今年年底，比特币（BTC）可能会达到125,000美元，但其他加密货币的表现将胜过。

Crypto Hedge基金ZX Squared Capital的创始人CK Zheng表示，到今年年底，比特币最终可能达到125,000美元，但其他加密货币的表现可能会跑赢大盘。

Crypto hedge fund manager CK Zheng, founder of ZX Squared Capital, is making a bullish case for digital assets in 2024, predicting that bitcoin (BTC) could hit $125,000 by year-end.

ZX Squared Capital的创始人CK Zheng Ck Zheng在2024年为数字资产提供看涨案例，预测比特币（BTC）可能会按年底达到125,000美元。

However, Zheng told CoinDesk that he sees other cryptocurrencies outperforming the flagship token in the latter half of 2024 as the U.S. government introduces new policies that will spark a new wave of innovation in the crypto sector.

但是，郑告诉Coindesk，他认为其他加密货币在2024年下半年的旗舰标记表现优于美国政府，因为美国政府引入了新政策，这些政策将引发加密货币领域的新浪潮。

“There’s a correlation between bitcoin and altcoins, but I think bitcoin dominance is going to go down,” Zheng said.

郑说：“比特币和山寨币之间存在相关性，但我认为比特币的优势将会下降。”

“If you want a crypto ecosystem to really develop, you can’t have 60% of the market’s value stuck in bitcoin.”

“如果您想真正发展一个加密生态系统，那么您将无法将60％的市场价值在比特币中固定。”

The Trump administration has already proven much friendlier towards the crypto sector than its predecessor. Not only is the White House contemplating the possibility of creating a national crypto reserve, but the Securities and Exchange Commission (SEC) has been ditching its lawsuits against crypto companies and protocols like Kraken and Uniswap.

特朗普政府已经证明，对加密货币部门的友善比其前任更为友好。白宫不仅在考虑建立国家加密保护区的可能性，而且证券交易委员会（SEC）一直在抛弃针对加密公司的诉讼，以及像Kraken和Uniswap这样的协议。

“New policies and regulations will come out and trigger a lot of new ideas for innovation and shake up the crypto industry,” Zheng said.

郑说：“新的政策和法规将出现，并引发许多创新的新想法，并动摇加密行业。”

“Though it might take some time to play out — through 2025 and 2026.”

“虽然可能需要一些时间才能发挥作用 - 直到2025年和2026年。”

Ether (ETH) and solana (SOL) are two of the cryptocurrencies that ZX Squared sees benefitting from a potential new wave of innovation, especially if projects combining artificial intelligence (AI) and crypto take off. The key, Zheng said, is for these smart contract blockchains to keep increasing their throughput in order to remain attractive (in Solana’s case) or take back the initiative (in Ethereum’s case).

Ether（ETH）和Solana（Sol）是ZX Squared所看到的两种加密货币，从潜在的新创新浪潮中受益，尤其是如果将人工智能（AI）和加密货币脱离的项目相结合。郑说，钥匙是要使这些智能合同区块链继续增加其吞吐量，以保持吸引力（在索拉纳（Solana）的情况下）或撤回该计划（在以太坊的情况下）。

In the meantime, bitcoin is likely to keep behaving like a risk-on asset, rising and falling in tandem with other such assets as the Trump administration keeps unleashing new economic policies. Macroeconomics will remain firmly at the wheel for the top cryptocurrency, Zheng said, unless the U.S. government pulls the trigger on a potential national crypto reserve — something which could happen at the White House Crypto Summit this Friday.

同时，比特币可能会继续表现得像风险资产一样，与特朗普政府继续释放新的经济政策的其他资产相关联。郑说，除非美国政府在本周五的白宫加密赛峰会上可能发生这种情况，否则宏观经济学将保持牢固地限于最高加密货币。

"A bitcoin strategic reserve is something the President's interested in. He spoke about it all during the campaign trail, and I think you're going to see it executed on Friday. So bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently — positively, but differently," Commerce Secretary Howard Lutnick told The Pavlovic Today.

“比特币战略储备是总统感兴趣的。他在竞选活动期间谈到了这一切，我认为您将在周五处执行它。因此，比特币是一回事，然后是其他货币，另一个货币，另一个加密代币，我认为，与众不同的是，霍华德·卢特尼克（Howard Lutnick Pavlovic）会有所不同。

In any case, even with tariffs against Mexico, Canada, and China seemingly coming into effect, Zheng said he didn’t expect bitcoin to go below the $75,000 mark.

无论如何，即使对墨西哥，加拿大和中国的关税似乎已生效，郑说他没想到比特币会低于75,000美元的成绩。

“In the near term, things are quite choppy,” Zheng said. “But this is a good opportunity for long-term investors who have been waiting to allocate to bitcoin.”

郑说：“在短期内，情况非常波动。” “但对于一直等待分配给比特币的长期投资者来说，这是一个很好的机会。”