到2025年底

巴比伦实验室联合创始人David Tse称

The Bitcoin BTC/USD staking industry could grow into a $10 billion market by the end of 2025, according to David Tse, co-founder of Babylon Labs.

巴比伦实验室联合创始人David Tse表示，到2025年底，比特币BTC/USD Staking行业可能会发展到100亿美元的市场。

Speaking in an interview with Benzinga on the sidelines at ETH Denver, Tse set out a bullish vision for Bitcoin staking, highlighting its trustless nature and potential for broader adoption across blockchain ecosystems.

TSE在Eth Denver的场边接受Benzinga的采访时发表讲话，提出了对比特币的看涨愿景，强调了其无信任的性质和在区块链生态系统中更广泛采用的潜力。

With $5 billion in Bitcoin already staked since Babylon's mainnet launch in August 2024, Tse saw ample scope for expansion as the cryptocurrency evolves beyond its store-of-value origins.

自2024年8月Babylon的Mainnet推出以来，Babylon的Mainnet推出以来，Bitcoin已有50亿美元，随着加密货币的发展超出其价值储存的起源，TSE的扩展空间充足。

"Right now, we have 0.3% of all Bitcoins staked, which is around 56,000 BTC, but I envision that there will still be a lot of potential to increase this amount of Bitcoin staked," Tse said.

TSE说：“目前，我们将所有比特币的0.3％放在了大约56,000 BTC的情况下，但我设想仍然有很大的潜力增加了这一数量的比特币。”

Setting a goal to surpass $10 billion by year-end 2025, Tse highlighted the appeal of staking's trustlessness, adding, "there's no third party involved. It's a direct interaction between the staker and Bitcoin chain."

TSE设定了一个目标超过100亿美元的目标，该目标强调了Staking无信任的吸引力，并补充说：“没有第三方参与。这是Staker和Bitcoin连锁店之间的直接互动。”

This characteristic, he said, aligns closely with Bitcoin holders' preference for holding over trading, naturally complementing its established role as a store of value.

他说，这一特征与比特币持有者偏爱交易的偏爱紧密相符，自然地补充了其作为价值存储的既定作用。

The growth of Bitcoin staking comes amid broader institutional adoption of cryptocurrencies, a trend Tse linked to macroeconomic shifts and the introduction of Bitcoin exchange-traded funds (ETFs) in early 2023.

比特币的生长出现在更广泛的加密货币的机构采用，与宏观经济转变有关的趋势TSE以及2023年初引入比特币交换基金（ETF）的趋势。

He suggested that staking could further amplify institutional interest by presenting yield-bearing opportunities, envisioning potential Bitcoin-staking ETFs.

他建议，堆积可以通过展示屈服机会，设想潜在的比特币生产ETF来进一步扩大机构利益。

"Right now Bitcoin doesn't earn any yield. So to make it more appealing to institutional investors, they could make an ETF that also covers the fee and then pay for the staking," Tse said.

TSE说：“目前，比特币没有任何收益率。因此，为了使其对机构投资者更具吸引力，他们可以制造一个ETF，也可以支付费用，然后支付股票费用。”

This, he explained, would differentiate them from existing non-yielding ETFs, potentially attracting greater interest towards Bitcoin ETFs.

他解释说，这将使它们与现有的非收益ETF区分开，这可能会引起对比特币ETF的更大兴趣。

Technologically, Bitcoin staking is poised to enhance security and interoperability across blockchain networks.

从技术上讲，比特币的积分有望提高区块链网络之间的安全性和互操作性。

Tse explained that Babylon has integrated with platforms like Cosmos ATOM/USD, Optimism OP/USD, and Arbitrum ARB/USD, but scaling to other blockchains requires substantial infrastructure development.

TSE解释说，巴比伦已与诸如Cosmos Atom/USD，乐观OP/USD和intimum arb/usd之类的平台集成在一起，但是扩展到其他区块链需要大量的基础架构开发。

He sees Bitcoin's stable, unchanging core as a foundation for building trustless use cases, such as collateralized lending protocols, which could reshape its role in decentralized finance (DeFi).

他认为比特币的稳定，不变的核心是建立无信任用例的基础，例如抵押贷款方案，可以重塑其在分散融资（DEFI）中的作用。

However, he acknowledged challenges, including the lack of a smart contract layer on Bitcoin, which his team addresses through cryptographic innovations like BitVM to enable cross-chain functionality.

但是，他承认挑战，包括缺乏比特币上的智能合同层，他的团队通过BITVM等加密创新来解决该挑战，以实现跨链功能。

"We are building a light-client technology that can connect to any blockchain in a trustless manner, and we are also building a modular architecture for our protocols, which allows us to rapidly deploy new use cases," Tse added.

TSE补充说：“我们正在构建一种可以以无信任的方式连接到任何区块链的轻晶型技术，并且我们还为协议构建了模块化体系结构，这使我们能够迅速部署新的用例。”

Tse also touched upon risks and regulatory factors shaping the industry.

TSE还谈到了塑造行业的风险和监管因素。

He identified slashing—penalties for validator misbehavior—as the primary risk for Bitcoin stakers, although he believes it can be mitigated with robust infrastructure and insurance solutions.

他确定了削减措施 - 验证者不当行为的penalties，是比特币Stakers的主要风险，尽管他认为可以通过强大的基础设施和保险解决方案来减轻它。

On regulation, Tse highlighted its crucial role, especially for institutional participation.

在监管方面，TSE强调了其至关重要的作用，尤其是在机构参与方面。

"Regulatory clarity, particularly on staking, is super important, I think, for the advance of the industry. I hope that with the new administration in the U.S., we can get to a stage where there are clearer rules," he said.

他说：“我认为，对于行业的发展，监管清晰度，尤其是在积分方面，这是非常重要的。我希望在美国的新政府中，我们可以进入一个更明确的规则的阶段。”

As Bitcoin's halving events raise questions about its long-term security budget, Tse argued that increased transaction activity from staking and other use cases could bolster miner fees, aided by advancements in mining technology.

随着比特币的减半事件对其长期安全预算提出了疑问，TSE认为，在矿业技术的进步帮助下，由于积分和其他用例而增加的交易活动可能会促进矿工费用。

With Babylon Labs spearheading this initiative, Tse's vision sees Bitcoin staking as a transformative force, potentially converting a $5 billion foothold into a $10 billion industry within the next ten months.

随着巴比伦实验室（Babylon Labs）率领这项倡议，TSE的愿景将比特币作为一种变革力量，可能在未来十个月内将50亿美元的立足点转变为100亿美元的行业。