2025 年 5 个加密货币预测

当 2024 年大幕落下时，投资者将歌颂华尔街。人工智能（AI）的兴起和股票分割的热潮帮助了

As the curtain closes on 2024, investors have been singing Wall Street's praises. The rise of artificial intelligence (AI) and stock-split euphoria helped lift the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to multiple record-closing highs. However, Wall Street's gains pale in comparison to the phenomenal year delivered by the cryptocurrencies.

随着2024年的帷幕落下，投资者们纷纷对华尔街赞不绝口。人工智能 (AI) 的兴起和股票分割热潮帮助道琼斯工业平均指数、标准普尔 500 指数和纳斯达克综合指数创下多个收盘新高。然而，与加密货币带来的惊人的一年相比，华尔街的涨幅显得黯然失色。

As of this writing in the late evening on Dec. 28, the aggregate value of the entire crypto market has surged from $1.71 trillion to $3.32 trillion on a year-to-date basis. This 94% gain triples the return of the growth-centric Nasdaq Composite in 2024.

截至 12 月 28 日晚间撰写本文时，整个加密货币市场的总价值从年初至今已从 1.71 万亿美元飙升至 3.32 万亿美元。这 94% 的涨幅是以增长为中心的纳斯达克综合指数 2024 年回报率的三倍。

Bitcoin (CRYPTO:BTC) led the charge, with the world's largest digital currency by market cap adding north of $1 trillion in value, which is good for a 125% year-to-date climb. The launch of spot Bitcoin exchange-traded funds (ETFs) played a key role in facilitating mainstream investment in the leading cryptocurrency in 2024.

比特币 (CRYPTO:BTC) 引领潮流，全球市值最大的数字货币价值超过 1 万亿美元，今年迄今已上涨 125%。现货比特币交易所交易基金（ETF）的推出在促进 2024 年主流加密货币投资方面发挥了关键作用。

Additionally, Donald Trump's November victory helped lift Bitcoin above $100,000 per token. Trump and soon-to-be Vice President J.D. Vance have a favorable view toward Bitcoin.

此外，唐纳德·特朗普 (Donald Trump) 11 月的胜利帮助比特币价格突破 10 万美元/枚。特朗普和即将出任副总统的 JD 万斯对比特币持积极看法。

But the investment landscape is all about looking forward. Following another banner year, here are five cryptocurrency predictions for 2025.

但投资前景是充满前瞻性的。继又一个辉煌的一年之后，以下是对 2025 年加密货币的五项预测。

1. The crypto bear market will return

1. 加密货币熊市将回归

The first prediction promises to be an unpopular one: the bear market will return.

第一个预测可能不受欢迎：熊市将会回归。

The stars aligned perfectly for Bitcoin in 2024. The debut of spot Bitcoin ETFs spurred required buying, and the halving event in April 2024 reduced the pace at which new Bitcoin are being mined. However, the biggest catalyst of all for the world's largest digital currency might just be MicroStrategy's (NASDAQ:MSTR) ascension as the world's first "Bitcoin Treasury Company."

2024 年，比特币的命运与比特币完美契合。现货比特币 ETF 的首次亮相刺激了需求购买，而 2024 年 4 月的减半事件降低了新比特币开采的速度。然而，全球最大数字货币的最大催化剂可能只是 MicroStrategy（纳斯达克股票代码：MSTR）成为世界上第一家“比特币财务公司”。

MicroStrategy CEO Michael Saylor has been a longtime supporter of the world's top digital currency and has overseen the purchase of 442,262 Bitcoin at an average cost of $62,257, as of Dec. 23. Saylor has financed MicroStrategy's big bet on Bitcoin by selling convertible debt and issuing shares of his company's stock. He's currently seeking approval to increase his company's outstanding share count by up to 10 billion to 10.33 billion shares.

MicroStrategy 首席执行官 Michael Saylor 一直是全球顶级数字货币的长期支持者，截至 12 月 23 日，他已以平均成本 62,257 美元购买了 442,262 枚比特币。Saylor 通过出售可转换债券和发行可转换债券，为 MicroStrategy 在比特币上的大赌注提供了资金。他公司的股票。他目前正在寻求批准将公司的流通股数量增加最多 100 亿股，达到 103.3 亿股。

While this leveraged bet on Bitcoin has some investors believing in the fabled "infinite money glitch," we've witnessed leveraged investment scenarios fail time and again on Wall Street. To make matters worse, MicroStrategy potentially lacks the operating cash flow from its AI-enterprise analytics software segment to even cover the servicing costs on its debt.

虽然这种对比特币的杠杆押注让一些投资者相信传说中的“无限资金故障”，但我们在华尔街目睹了杠杆投资场景一次又一次的失败。更糟糕的是，MicroStrategy 可能缺乏来自人工智能企业分析软件部门的运营现金流，甚至无法支付债务服务成本。

Without sustained purchases from MicroStrategy, which seem likely to fade at some point in the new year, Bitcoin's upward momentum will taper. With key catalysts now in the rearview mirror and Bitcoin's history filled with jaw-dropping corrections, a bear market decline of 20% or greater is expected.

如果没有 MicroStrategy 的持续购买（这种购买似乎可能会在新的一年的某个时候消退），比特币的上涨势头将会减弱。由于关键催化剂现在已经成为过去，而且比特币的历史充满了令人瞠目结舌的调整，预计熊市将下跌 20% 或更多。

2. Ethereum will handily outperform Bitcoin

2.以太坊将轻松超越比特币

Secondly, don't be surprised to see the second-largest cryptocurrency by market value, Ethereum (CRYPTO:ETH), notably outperform Bitcoin in the new year. For some context, Ethereum's 48% year-to-date gain significantly lags the 125% increase registered by Bitcoin.

其次，如果看到市值第二大的加密货币以太坊（CRYPTO：ETH）在新的一年里表现明显优于比特币，请不要感到惊讶。在某些情况下，以太坊今年迄今 48% 的涨幅明显落后于比特币 125% 的涨幅。

One of the tangible catalysts for Ethereum is the approval of more than a half-dozen spot Ethereum ETFs in May 2024 by the Securities and Exchange Commission (SEC). Creating a path for everyday investors to buy Ethereum without having to purchase it on an obscure crypto exchange can provide the same lift for crypto's No. 2 coin that we saw from Bitcoin in 2024.

以太坊的切实催化剂之一是美国证券交易委员会 (SEC) 于 2024 年 5 月批准了超过六只现货以太坊 ETF。为普通投资者创建一条购买以太坊的途径，而无需在不起眼的加密货币交易所购买它，可以为加密货币第二号硬币提供与我们在 2024 年从比特币中看到的相同的提升。

Furthermore, history is on Ethereum's side. The last time we witnessed a gap this wide in overall cryptocurrency market cap dominance between Bitcoin and Ethereum was in early 2021. Between June 2020 and June 2021, Ethereum more than tripled the return of Bitcoin. Historically speaking, when Ethereum's dominance dips, relative to Bitcoin, investors flock to crypto's No. 2 coin.

此外，历史站在以太坊一边。上一次我们目睹比特币和以太坊在加密货币整体市值主导地位上存在如此大的差距是在 2021 年初。在 2020 年 6 月至 2021 年 6 月期间，以太坊的回报率是比特币的三倍多。从历史上看，当以太坊相对于比特币的主导地位下降时，投资者就会涌向加密货币第二号货币。

3. The ultra-popular dog-themed meme coins will lose half of their value

3、超火的狗狗主题币将贬值一半

While altcoins are expected to be a hot commodity in 2025 following the huge rally in Bitcoin, ultra-popular meme tokens Dogecoin (CRYPTO:DOGE) and Shiba Inu (CRYPTO:SHIB) are likely to lose 50% of their value.

尽管随着比特币的大幅上涨，山寨币预计将在 2025 年成为热门商品，但超受欢迎的模因代币狗狗币 (CRYPTO:DOGE) 和柴犬 (CRYPTO:SHIB) 的价值可能会损失 50%。

Dogecoin rocketed higher following Trump's November victory. This rally has to do with Trump appointing Tesla CEO Elon Musk to head the Department of Government Efficiency (DOGE) with Vivek Ramaswamy.

特朗普 11 月获胜后，狗狗币飙升。这次集会与特朗普任命特斯拉首席执行官埃隆·马斯克（Elon Musk）与维韦克·拉马斯瓦米（Vivek Ramaswamy）共同领导政府效率部（DOGE）有关。