比特币（BTC）价格预测：2025年将是“非常好的一年”，因为现场ETF批准马刺机构采用了

加密货币市场面临着许多监管障碍，比特币经常在讨论的中心。近年来，最重要的发展之一是批准了比特币交易所交易基金（ETF）的批准。但是，批准这种金融工具的延迟导致了大量的价格停滞。

The cryptocurrency market has faced numerous regulatory hurdles, with Bitcoin often at the center of discussions. One of the most significant developments in recent years has been the approval of a spot Bitcoin Exchange-Traded Fund (ETF). However, delays in approving such a financial instrument caused substantial price stagnation, according to SkyBridge Capital founder Anthony Scaramucci. Despite this setback, experts remain optimistic that 2025 will be a transformative year for Bitcoin and the broader crypto market.

加密货币市场面临着许多监管障碍，比特币经常在讨论的中心。近年来，最重要的发展之一是批准了比特币交易所交易基金（ETF）的批准。但是，根据Skybridge Capital的创始人Anthony Scaramucci的说法，批准这种金融工具的延误导致了大量的价格停滞。尽管有这种挫折，但专家们仍然乐观地认为2025年将是比特币和更广泛的加密市场的变革一年。

Impact of the Bitcoin ETF Delay

比特币ETF延迟的影响

Scaramucci highlighted that the U.S. Securities and Exchange Commission (SEC) postponing its decision on spot Bitcoin ETFs had adverse effects on the price trajectory of Bitcoin. Investors had long anticipated the introduction of these ETFs, expecting a surge in institutional adoption and price appreciation. However, the prolonged wait caused frustration among traders and hindered the expected bullish momentum.

Scaramucci强调，美国证券交易委员会（SEC）推迟其对现货比特币ETF的决定对比特币价格轨迹产生不利影响。投资者长期以来一直期待引入这些ETF，并期望机构采用和价格赞赏激增。但是，长期等待引起了交易者的挫败感，并阻碍了预期的看涨势头。

Market participants had hoped for the approval of a spot Bitcoin ETF as early as 2022, believing it would significantly enhance liquidity and bring mainstream investors into the digital asset space. The delay resulted in prolonged price stagnation, keeping Bitcoin from reaching its full potential during that period. Many analysts argue that had the ETFs been approved earlier, Bitcoin could have achieved much higher valuations by now.

市场参与者希望早在2022年就可以批准比特币ETF的批准，并认为它将大大提高流动性并将主流投资者带入数字资产领域。延迟导致价格延长停滞，以防止比特币在此期间发挥其全部潜力。许多分析人士认为，如果ETF得到了较早批准，那么现在比特币可以获得更高的估值。

2024: A Turning Point for Bitcoin ETFs

2024：比特币ETF的转折点

In January 2024, the SEC finally approved a spot Bitcoin ETF, marking a significant milestone for the cryptocurrency industry. The approval ignited renewed institutional interest, bringing major financial players into the crypto ecosystem. Following this decision, Bitcoin experienced a sharp price increase, reflecting the optimism surrounding broader adoption.

2024年1月，SEC终于批准了比特币ETF，这标志着加密货币行业的重要里程碑。批准引发了新的机构利益，将主要的财务参与者带入了加密生态系统。在做出这一决定之后，比特币的价格急剧上涨，反映了围绕更广泛采用的乐观情绪。

At the time of writing, Bitcoin is valued at approximately $96,134, showcasing substantial growth from previous levels. This increase has reinforced positive sentiment within the market, with many believing that the worst of regulatory uncertainty is now behind us. Scaramucci remains confident that Bitcoin will continue to thrive, predicting that 2025 will be an exceptional year for the leading cryptocurrency.

在撰写本文时，比特币的价值约为96,134美元，从以前的水平展示了大幅增长。这种增长增强了市场上的积极情绪，许多人认为，最严重的监管不确定性现在已经落后了。 Scaramucci仍然有信心比特币将继续蓬勃发展，预测2025年将是领先的加密货币的非凡一年。

Expectations for 2025

对2025年的期望

Despite the earlier hurdles, analysts foresee 2025 as a game-changing year for Bitcoin and the overall crypto market. One of the key reasons behind this optimism is the increasing acceptance of cryptocurrencies among traditional financial institutions. With the successful launch of the spot Bitcoin ETF, more institutional investors are entering the space, further legitimizing Bitcoin as an asset class.

尽管遇到了较早的障碍，但分析师预见到2025年是比特币和整个加密市场的改变游戏的一年。这种乐观背后的关键原因之一是在传统金融机构中越来越接受加密货币。随着现货比特币ETF的成功推出，越来越多的机构投资者进入了该空间，将比特币作为资产类别的合法化。

Additionally, Nate Geraci, president of the ETF Store, predicts that the SEC may approve more than 50 new crypto-related ETFs under its new leadership. This could include ETFs for other prominent digital assets such as Solana (SOL) and XRP, potentially driving even more interest and capital into the cryptocurrency market. The expansion of crypto ETFs would not only boost liquidity but also provide investors with more diversified opportunities in the digital asset space.

此外，ETF商店总裁Nate Geraci预测，在其新领导下，SEC可以批准50多个与加密货币相关的新ETF。这可能包括用于其他著名数字资产（例如Solana（Sol）和XRP）的ETF，可能会使更多的兴趣和资本进入加密货币市场。加密ETF的扩展不仅会提高流动性，而且还为投资者提供了数字资产领域中更多多样化的机会。

Market Sentiment and Institutional Involvement

市场情绪和机构参与

The entry of institutional investors has long been seen as a catalyst for Bitcoin’s growth. With regulatory clarity improving and financial institutions showing increased interest, the market is set to mature further. Large asset management firms, hedge funds, and pension funds are now more willing to explore Bitcoin as part of their portfolios, driving demand and potentially pushing prices higher.

长期以来，机构投资者的进入一直是比特币增长的催化剂。随着法规清晰度的改善，金融机构表现出兴趣的增加，市场将进一步成熟。大型资产管理公司，对冲基金和养老基金现在更愿意探索比特币作为投资组合的一部分，推动需求并可能提高价格。

Furthermore, Bitcoin’s adoption as a store of value continues to gain traction. Many investors now view Bitcoin as “digital gold,” a hedge against inflation and economic uncertainty. This perception strengthens its position in the financial ecosystem and contributes to sustained long-term growth.

此外，比特币作为价值存储的采用继续吸引。现在，许多投资者将比特币视为“数字黄金”，这是对通货膨胀和经济不确定性的对冲。这种看法增强了其在金融生态系统中的地位，并有助于持续的长期增长。

Potential Challenges Ahead

未来的潜在挑战

While optimism remains high, challenges still exist. Regulatory scrutiny is expected to persist, with governments and financial regulators worldwide closely monitoring the crypto industry. New regulations could impact market dynamics, depending on how they are structured and enforced.

尽管乐观仍然很高，但仍然存在挑战。随着政府和金融监管机构在全球范围内密切监视加密货币行业，预计监管审查将继续进行。新法规可能会影响市场动态，具体取决于它们的结构和执行方式。

Moreover, macroeconomic factors such as inflation rates, interest rate policies, and geopolitical events could influence Bitcoin’s price movements. Investors should remain vigilant and consider these external factors when making investment decisions.

此外，宏观经济因素（例如通货膨胀率，利率政策和地缘政治事件）可能会影响比特币的价格变动。投资者应保持警惕，并在做出投资决策时考虑这些外部因素。

The delayed approval of the spot Bitcoin ETF undoubtedly affected Bitcoin’s price performance, causing stagnation when many expected a rally. However, with the ETF now in place and institutional interest increasing, the outlook for Bitcoin appears bright. Experts like Scaramucci believe that 2025 will be a “very good year” for Bitcoin, with potential new ETF approvals and mainstream adoption fueling further growth.

毫无疑问，比特币ETF的延迟认可无疑影响了比特币的价格绩效，在许多人期望集会时导致停滞。但是，随着ETF的到位，机构的兴趣不断提高，比特币的前景显得明亮。像Scaramucci这样的专家认为，对于比特币来说，2025年将是“非常好的一年”，并具有潜在的ETF批准和主流采用，从而推动了进一步的增长。

As Bitcoin solidifies its role in the global financial landscape, investors remain hopeful that the coming years will bring continued innovation, increased adoption, and a stronger foundation for the cryptocurrency market.

随着比特币在全球金融环境中巩固其作用，投资者仍然希望未来几年能带来持续的创新，增加的采用和更强大的加密货币市场基础。