各国虚拟资产产业竞争加剧，“货币冷战时代”开启

虚拟资产交易所Covit旗下Covit研究中心19日发布了题为《2025年虚拟资产市场展望》的报告。

As competition among nations to nurture the virtual asset industry heats up, the so-called 'Coin Cold War era' is expected to unfold.

随着各国培育虚拟资产行业的竞争加剧，所谓的“货币冷战时代”预计即将到来。

Covit, a virtual asset exchange, announced on the 19th that the Covit Research Center has published a report titled '2025 Virtual Asset Market Outlook.' This marks the third year in a row that the Covit Research Center has put out a report predicting the virtual asset market for the new year, and all four researchers from the center participated in preparing the report.

虚拟资产交易所Covit 19日宣布，Covit研究中心发布了题为《2025年虚拟资产市场展望》的报告。这是科维特研究中心连续第三年发布新年虚拟资产市场预测报告，该中心四位研究人员全部参与了该报告的准备工作。

The report analyzes that bitcoin's 'space competition' will begin as the global regulatory environment changes, much like the 'space competition' between the U.S. and the Soviet Union over space-related achievements during the Cold War. It adds that competition among nations will intensify as global conglomerates and major financial institutions that had already entered the market will focus on stablecoins and bitcoin thanks to the U.S. Bitcoin Strategic Assets Act.

报告分析称，比特币的“太空竞争”将随着全球监管环境的变化而开始，就像冷战时期美国和苏联围绕太空相关成就展开的“太空竞争”一样。报告补充称，由于美国《比特币战略资产法案》的出台，已经进入市场的全球企业集团和主要金融机构将重点关注稳定币和比特币，国家之间的竞争将加剧。

The report then predicts that changes in the U.S. regulatory environment will create a favorable climate for the virtual asset market and expand banks' participation in the virtual asset market. In the long term, bitcoin is expected to move upward thanks to the approval of spot ETFs and the central bank maintaining its stance on lowering interest rates.

报告随后预测，美国监管环境的变化将为虚拟资产市场创造有利的氛围，扩大银行对虚拟资产市场的参与。长期来看，由于现货ETF的批准以及央行维持降息立场，比特币有望上涨。

It also predicts that institutional interest in altcoins will accelerate and various tokenization funds will grow. The center explains that asset managers are already applying for Solana, Ripple, and Crypto Index ETFs, while experiments are being conducted to tokenize various funds.

它还预测机构对山寨币的兴趣将会加速，各种代币化基金将会增长。该中心解释说，资产管理公司已经在申请 Solana、Ripple 和加密货币指数 ETF，同时正在进行各种基金代币化的实验。

The report adds that traditional financial institutions will continue to tokenize assets and cooperate with DeFi using public (open to all) blockchains.

报告补充说，传统金融机构将继续使用公共（向所有人开放）区块链对资产进行代币化并与 DeFi 合作。

Choi Yoon-young, head of the Covit Research Center, said, "In the current uptrend, it is crucial to objectively analyze the market situation and closely observe the structural changes in the market and the impact of external factors from a long-term perspective."

Covit研究中心负责人Choi Yoon-young表示，“在当前的上涨趋势中，客观分析市场形势，从长期角度密切观察市场的结构性变化和外部因素的影响至关重要”。