加密货币市场即将爆发：分析师预计到 2025 年估值将达到 7.5 万亿美元

尽管最近比特币减半后加密市场陷入平静，但 Bernstein 预测到 2025 年将大幅增长至 7.5 万亿美元。推动这一看涨前景的七个关键因素，包括比特币可能升至 15 万美元、以太坊日益增长的主导地位、Solana 强大的支付基础设施、去中心化金融的弹性、代币化趋势、加密游戏的复兴以及监管审查对中心化交易所的影响。

Crypto Markets Poised for Explosive Growth, Analysts Anticipate Tripling to $7.5 Trillion by 2025

加密货币市场有望爆发式增长，分析师预计到 2025 年将增长两倍，达到 7.5 万亿美元

A comprehensive research report has forecasted a surge in the value of cryptocurrencies, predicting a remarkable threefold increase to reach $7.5 trillion by 2025. This optimistic projection is underpinned by several key factors identified by leading analysts.

一份综合研究报告预测加密货币的价值将大幅上涨，预计到 2025 年将增长三倍，达到 7.5 万亿美元。这一乐观预测得到了领先分析师确定的几个关键因素的支持。

1. Bitcoin's Ascent to $150,000

1. 比特币升至 15 万美元

Bernstein experts predict that Bitcoin, the dominant cryptocurrency, will soar to $150,000 by 2025. This bullish outlook is fueled by the unprecedented inflows witnessed since the launch of 10 spot Bitcoin exchange-traded funds (ETFs) in January. These inflows have instilled confidence in Bernstein's analysis, despite a recent slowdown in April.

Bernstein 专家预测，到 2025 年，占主导地位的加密货币比特币将飙升至 15 万美元。自 1 月份推出 10 个现货比特币交易所交易基金 (ETF) 以来，前所未有的资金流入推动了这一看涨前景。尽管最近四月份的资金流入有所放缓，但这些资金流入给伯恩斯坦的分析注入了信心。

2. Ethereum's Potential Unleashed

2. 以太坊的潜力得到释放

Ethereum, the second-largest cryptocurrency, has demonstrated strong growth this year, but has lagged behind Bitcoin. Bernstein attributes this disparity to the absence of a spot Ethereum ETF approved by the US Securities and Exchange Commission (SEC).

第二大加密货币以太坊今年表现出强劲增长，但落后于比特币。伯恩斯坦将这种差异归因于缺乏美国证券交易委员会（SEC）批准的现货以太坊 ETF。

However, Bernstein anticipates that a potential rejection of the first Ethereum ETF application, which faces a deadline of May 23, could spur litigation similar to Grayscale's ongoing efforts to convert its futures Bitcoin ETF into a spot fund. This legal challenge could revitalize the narrative surrounding Ethereum.

然而，Bernstein 预计，第一个以太坊 ETF 申请可能会被拒绝（该申请的截止日期为 5 月 23 日），这可能会引发类似于 Grayscale 正在进行的将其期货比特币 ETF 转换为现货基金的诉讼。这一法律挑战可能会重振围绕以太坊的叙述。

3. Ethereum Staking Economy

3. 以太坊质押经济

Bernstein advises investors to monitor the burgeoning Ethereum staking economy, which will continue to drive growth in the coming year. Platforms like Lido and EigenLayer are poised to play a pivotal role in this expansion.

伯恩斯坦建议投资者关注蓬勃发展的以太坊质押经济，这将在来年继续推动增长。 Lido 和 EigenLayer 等平台将在这一扩展中发挥关键作用。

4. Solana's Growing Dominance

4. Solana 日益增强的主导地位

Solana, currently the fifth-largest cryptocurrency, is expected to cement its status as a payment powerhouse. Its integrated single-layer design, low transaction costs, fast processing, and dominance in stablecoin volumes underscore its growing influence. Additionally, the adoption of Solana features by payment giants like Stripe is anticipated to further bolster its position.

Solana 目前是第五大加密货币，预计将巩固其作为支付巨头的地位。其集成的单层设计、低交易成本、快速处理以及在稳定币交易量中的主导地位凸显了其日益增长的影响力。此外，Stripe 等支付巨头采用 Solana 功能预计将进一步巩固其地位。

5. Decentralized Finance (DeFi)

5.去中心化金融（DeFi）

The ongoing regulatory scrutiny of centralized exchanges has created a favorable environment for DeFi. Bernstein analysts believe that this regulatory shift will accelerate the growth of decentralized finance platforms.

对中心化交易所持续的监管审查为 DeFi 创造了有利的环境。伯恩斯坦分析师认为，这种监管转变将加速去中心化金融平台的增长。

6. Tokenization Boom

6.代币化热潮

Tokenization is poised to become a major trend in 2024, with industry giants like BlackRock and Franklin Templeton expanding their presence in this domain. Bernstein predicts that this push will attract new participants from both the crypto and traditional finance sectors.

代币化有望成为 2024 年的主要趋势，贝莱德 (BlackRock) 和富兰克林邓普顿 (Franklin Templeton) 等行业巨头将扩大在这一领域的业务。伯恩斯坦预测，这一举措将吸引来自加密货币和传统金融领域的新参与者。

7. Web 3 Games: A Second Coming

7. Web 3 游戏：再来

Web 3 games have long been heralded as the future of video gaming. While the initial wave of blockchain-based games in 2021 failed to captivate mainstream gamers, venture capitalists and analysts now foresee a resurgence. Bernstein recommends investors consider investing in Ronin Blockchain, which focuses primarily on games. Despite the decline in Axie Infinity, Ronin's flagship title, the platform has attracted 11 new games and boasts approximately three million active monthly users.

Web 3 游戏长期以来一直被誉为视频游戏的未来。虽然 2021 年第一波基于区块链的游戏未能吸引主流游戏玩家，但风险投资家和分析师现在预计将会复苏。伯恩斯坦建议投资者考虑投资 Ronin Blockchain，该公司主要专注于游戏。尽管 Ronin 的旗舰游戏《Axie Infinity》销量下滑，但该平台仍吸引了 11 款新游戏，并拥有约 300 万月活跃用户。

In conclusion, the research report by Bernstein paints a vibrant and optimistic picture for the future of crypto markets. By leveraging the aforementioned factors, investors can position themselves to capture the anticipated gains as the total value of cryptocurrencies triples to $7.5 trillion by 2025.

总之，伯恩斯坦的研究报告为加密市场的未来描绘了一幅充满活力和乐观的图景。通过利用上述因素，随着到 2025 年加密货币的总价值增加两倍，达到 7.5 万亿美元，投资者可以抓住预期收益。