不变的成长负责人安德鲁·卢纳迪（Andrew Lunardi

不可变的增长负责人安德鲁·卢纳迪（Andrew Lunardi）对加密货币市场表示强烈的乐观，预测2025年下半年的反弹很大。

Andrew Lunardi, Head of Growth at Immutable, harbors strong optimism for the cryptocurrency market, predicting a substantial rebound in the second half of 2025.

不可变的增长负责人安德鲁·卢纳迪（Andrew Lunardi）对加密货币市场的强烈乐观，预测2025年下半年的反弹很大。

The cryptocurrency market is currently in a slump, with Bitcoin and Ethereum trading below $82k and $2k respectively. However, Lunardi remains bullish, citing several factors that could spark a strong recovery.

加密货币市场目前处于低迷状态，比特币和以太坊的交易分别低于$ 82K和2,000美元。但是，Lunardi仍然看涨，引用了几个可能引发强烈康复的因素。

One of the major catalysts, according to Lunardi, is the anticipated regulatory clarity from the Trump Administration. On the Milk Road podcast, he said that the administration’s forthcoming policies on compliant tokens will likely unlock substantial investment, particularly from institutional investors.

根据卢纳迪（Lunardi）的说法，主要的催化剂之一是特朗普政府的监管明确性。他说，在牛奶路播客上，政府即将制定的关于兼容的代币的政策可能会释放大量投资，尤其是从机构投资者那里。

“We’re about to see clear regulatory guidelines on what it means to have a compliant token, which will reduce risks and encourage more institutional capital to flow into the market,” Lunardi said.

Lunardi说：“我们将了解拥有合规代币意味着什么的明确监管指南，这将降低风险并鼓励更多的机构资本流入市场。”

Lunardi also pointed to the fading prominence of meme coins as a bullish indicator. While many have seen the decline of meme coins as a sign of a bear market, Lunardi views it as a positive shift, suggesting that liquidity from meme coins will likely be reallocated into more established altcoins, potentially benefiting diverse crypto portfolios.

Lunardi还指出，模因硬币作为看涨指标的褪色突出。尽管许多人将模因硬币的下降视为熊市市场的标志，但卢纳迪将其视为一种积极的转变，这表明来自模因硬币的流动性很可能会重新分配到更具成熟的山寨币中，这可能会使多样化的加密投资组合受益。

“It’s interesting to see meme coins losing their steam. I think the liquidity will move into other established altcoins, benefiting those with diversified crypto portfolios,” Lunardi noted.

“很有趣的是，模因硬币失去了动力。我认为流动性将进入其他已建立的山寨币，使那些具有多元化加密投资组合的人受益。” Lunardi指出。

Lunardi further highlighted the role of institutional capital inflows and exchange-traded funds (ETFs) in supporting the market and driving broader crypto adoption.

Lunardi进一步强调了机构资本流入和交易所交易基金（ETF）在支持市场并推动更广泛的加密采用方面的作用。

“The infrastructure for institutional capital is in place, with more ETFs opening up the market to provide support and stability to the market,” Lunardi added.

Lunardi补充说：“机构资本的基础设施已经到位，更多的ETF开放了市场，以为市场提供支持和稳定。”

Lunardi’s main focus is on Bitcoin, and he remains bullish on Solana as well, despite the current popularity of meme coins.

Lunardi的主要重点是比特币，尽管Meme Coins目前的流行，他也对Solana看涨。

Lunardi also mentioned that he believes the Trump Administration will pay special attention to U.S.-based cryptocurrencies, particularly those that have utility and real-world applications.

卢纳迪还提到，他认为特朗普政府将特别注意基于美国的加密货币，尤其是那些具有实用性和现实世界应用的加密货币。

Despite his bullish outlook, Lunardi acknowledged the potential challenges posed by macroeconomic factors, such as tariffs and inflation. He warned that global economic uncertainties could still impact the crypto market in the short term, particularly if tariffs escalate and inflation remains high.

尽管卢纳迪（Lunardi）看上去看待前景，但仍承认宏观经济因素（例如关税和通货膨胀）带来的潜在挑战。他警告说，全球经济不确定性仍然可能在短期内影响加密市场，特别是如果关税升级和通货膨胀率仍然很高。