Compass Point Research 分析师表示，以太坊 (ETH) 有望在 2025 年超过比特币 (BTC)

在他们最新的区块链和加密货币时事通讯中，他们强调了可能推动以太坊来年增长的关键因素。

Analysts at Compass Point Research believe that Ethereum (CRYPTO: ETH) will have a strong performance in 2025, outpacing Bitcoin (CRYPTO: BTC).

Compass Point Research 的分析师认为，以太坊（CRYPTO：ETH）将在 2025 年表现强劲，超过比特币（CRYPTO：BTC）。

In their latest Blockchain & Cryptocurrency newsletter, they highlighted key factors that could drive Ethereum's growth in the coming year.

在他们最新的区块链和加密货币时事通讯中，他们强调了可能推动以太坊来年增长的关键因素。

Here's a summary of their insights:

以下是他们的见解摘要：

Bitcoin, Ethereum Performance Post-Trump Election: Since the recent Trump/Republican election, both Bitcoin and Ethereum have seen substantial gains. BTC is up around 44% to $100,000, while ETH has gained 38% to $3,600.

特朗普选举后的比特币、以太坊表现：自最近的特朗普/共和党选举以来，比特币和以太坊都出现了大幅上涨。 BTC 上涨约 44% 至 100,000 美元，而 ETH 上涨 38% 至 3,600 美元。

Recent 13% Year-End Drawdown In BTC: Despite these gains, Compass Point notes the recent 13% year-end drawdown in BTC, leading to a temporary dip in miner stocks.

BTC 近期年底下跌 13%：尽管取得了这些收益，Compass Point 指出，BTC 近期年底下跌 13%，导致矿业股暂时下跌。

However, they expect a "strong upward recovery of hash prices over the next six months" as Bitcoin prices outpace network hashrate growth.

然而，他们预计，随着比特币价格超过网络算力增长，“未来六个月哈希价格将强劲回升”。

Ethereum Poised For A Bounce-Back Year: The report also emphasizes Ethereum's potential to bounce back in 2025.

以太坊有望迎来反弹之年：该报告还强调了以太坊在 2025 年反弹的潜力。

“We continue to believe Ethereum (ETH) is set to have a bounce-back year in 2025, with opportunities to go long ETH/BTC ratio that currently trades at $0.037 and is down nearly 70% to BTC since the merge to PoS in Sept 2022,” said the firm.

“我们仍然相信以太坊 (ETH) 将在 2025 年迎来反弹，并有机会做多 ETH/BTC 比率，目前交易价格为 0.037 美元，自 9 月份与 PoS 合并以来，相对于 BTC 已下跌近 70% 2022年，”该公司表示。

Compass Point analysts believe that the bounce-back year will be driven by eased regulations and increased clarity around smart contracts and decentralized computing platforms.

Compass Point 分析师认为，监管的放松以及智能合约和去中心化计算平台的清晰度的提高将推动今年的反弹。

They foresee significant growth in Ethereum’s ecosystem, including decentralized finance (DeFi), Layer-2 networks, stablecoins, and staking.

他们预计以太坊生态系统将出现显着增长，包括去中心化金融 (DeFi)、Layer-2 网络、稳定币和质押。

Companies like Coinbase (NASDAQ:COIN) and Galaxy Digital (TSX:GLXY) are expected to benefit from the monetization of Ethereum's growth.

Coinbase（纳斯达克股票代码：COIN）和 Galaxy Digital（多伦多证券交易所股票代码：GLXY）等公司预计将从以太坊增长的货币化中受益。

“We think ETH will be one of the top beneficiaries of eased regulations and clarity that will lead to integration of smart-contract decentralized compute platform and ecosystem such as DeFi, Layer-2 networks, Stablecoin, Staking, etc, which we view COIN (Buy, $295 PT) and GLXY (Buy, C$33) as beneficiaries in monetizing growth of Ethereum would make it more valuable and the dominance of BTC would go down,” concluded Compass Point.

“我们认为 ETH 将成为监管放松和透明度的最大受益者之一，这将导致智能合约去中心化计算平台和生态系统的整合，例如 DeFi、Layer-2 网络、稳定币、Stake 等，我们将其视为 COIN（买入，295 美元（PT）和 GLXY（买入，33 加元）作为以太坊货币化增长的受益者将使其更有价值，而 BTC 的主导地位将会下降。”罗盘点。