Galaxy Research 公布 2025 年加密货币预测，比特币 (BTC) 突破 15 万美元，以太坊 (ETH) 5.5 万美元，狗狗币 (DOGE) 1 美元

Galaxy Research 的分析师提出了 2025 年市场预测，其中领先的加密资产比特币、以太坊和狗狗币占据显着位置。

Leading crypto assets Bitcoin, Ethereum, and Dogecoin are seen hitting new milestones in 2025, according to analysts at Galaxy Research.

Galaxy Research 分析师表示，领先的加密资产比特币、以太坊和狗狗币预计将在 2025 年达到新的里程碑。

Bitcoin is expected to continue rallying in 2025, hitting the $150,000 price point in the first half of the year and $185,000 in Q4. Several factors are seen driving Bitcoin’s price up in 2025.

预计比特币将在 2025 年继续上涨，上半年价格将达到 15 万美元，第四季度将达到 18.5 万美元。 2025 年，有几个因素会推动比特币价格上涨。

For one, Galaxy Research believes the rapid uptake of spot Bitcoin ETFs will continue in 2025, tipping the assets under management in the investment vehicles to more than double from about $120 billion to $250 billion in 2025.

首先，Galaxy Research 认为，现货比特币 ETF 的快速增长将在 2025 年继续，这将使投资工具管理的资产在 2025 年增加一倍以上，从约 1200 亿美元增至 2500 亿美元。

At the same time, Galaxy Research expects continued adoption of the Bitcoin treasury model by more firms and countries. The firm believes at least five Nasdaq 100 companies and five countries will add the leading digital asset to their balance sheet in the new year.

与此同时，Galaxy Research 预计更多公司和国家将继续采用比特币金库模式。该公司相信，至少有五家纳斯达克 100 指数公司和五个国家将在新的一年将领先的数字资产添加到其资产负债表中。

Further, Galaxy Research anticipates a Bitcoin DeFi boom in 2025, tipping the amount of coins locked in smart contracts and staking protocols to double.

此外，Galaxy Research 预计 2025 年比特币 DeFi 将会繁荣，智能合约和质押协议中锁定的代币数量将增加一倍。

Amid all these factors, the firm asserts that Bitcoin will again be a top performer among global assets on a risk-adjusted basis in 2025.

考虑到所有这些因素，该公司断言，在风险调整后的基础上，比特币将在 2025 年再次成为全球资产中表现最好的资产。

Meanwhile, Ethereum is expected to shake off recent doldrums over the past two years and trade at new all-time highs in 2025. Specifically, Galaxy Research has tipped the asset to trade at new highs above the $5,500 price point in 2025.

与此同时，以太坊预计将摆脱过去两年的低迷，并在 2025 年创下历史新高。具体来说，Galaxy Research 预计该资产将在 2025 年创下新高，高于 5,500 美元的价格点。

For context, the asset’s all-time high price is around the $4,900 price point, and it is currently trading at around $3,350.

就背景而言，该资产的历史最高价格约为 4,900 美元，目前交易价格约为 3,350 美元。

Galaxy Research based its Ethereum prediction on expected regulatory clarity from the incoming Donald Trump administration. The firm tipped this clarity to offer tailwinds for DeFi and staking.

Galaxy Research 的以太坊预测基于即将上任的唐纳德·特朗普政府的监管清晰度。该公司提出这种明确性，为 DeFi 和 stake 提供顺风。

A relaxation of regulatory headwinds for DeFi and staking will propel Ether to new all-time highs in 2025.

对 DeFi 和 Stake 的监管阻力的放松将推动 ETH 在 2025 年创下历史新高。

New partnerships between DeFi and TradFi, perhaps conducted inside new regulatory sandbox environments, will finally allow Ether to begin outperforming Bitcoin again after a two-year malaise.

DeFi 和 TradFi 之间的新合作伙伴关系，或许是在新的监管沙箱环境中进行的，最终将使以太币在经历了两年的萎靡之后再次开始超越比特币。

Crucially, this outperformance will be realized despite a brief Ether/Bitcoin ratio dip below 0.03, followed by a late-2025 recovery above 0.06.

至关重要的是，尽管以太币/比特币比率短暂跌破 0.03，随后在 2025 年末恢复至 0.06 以上，但这种优异表现仍将实现。

Finally, Dogecoin is seen following up its over 245% gain in 2024 with a run to new highs in 2025. Specifically, Galaxy Research noted that the popular doggy-themed meme coin will clinch the long-coveted $1 price milestone and hit a $100 billion market capitalization in the new year.

最后，狗狗币预计将继 2024 年超过 245% 的涨幅后，在 2025 年创出新高。具体来说，Galaxy Research 指出，这款流行的狗狗主题 meme 代币将实现梦寐以求的 1 美元价格里程碑，并达到 1000 亿美元新一年的市值。