VanEck 预测，到 2025 年，比特币 (BTC) 将达到 18 万美元，以太坊 (ETH) 将超过 6,000 美元，Solana (SOL) 将突破 500 美元

著名资产管理公司 VanEck 预计到 2025 年，比特币 (BTC)、以太坊 (ETH) 和 Solana (SOL) 的价格将增长，并预计这三种加密资产将创下历史新高 (ATH)。

Asset management giant VanEck has shared its 2025 price projections for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), anticipating new all-time highs (ATHs) for all three crypto assets.

资产管理巨头 VanEck 分享了其对比特币 (BTC)、以太坊 (ETH) 和 Solana (SOL) 2025 年的价格预测，预计这三种加密资产将创下历史新高 (ATH)。

In its Dec. 13 report, VanEck highlighted key drivers such as U.S. adoption, blockchain innovations, and increasing institutional interest in digital assets.

VanEck 在 12 月 13 日的报告中强调了美国采用、区块链创新以及机构对数字资产日益增长的兴趣等关键驱动因素。

Bitcoin to Hit $180K With State Reserves, ETPs

国家储备、ETP 比特币将达到 18 万美元

VanEck projects Bitcoin to soar to $180,000 by the end of 2025, largely driven by growing adoption across the United States. The firm anticipates states like Texas, Florida, or Pennsylvania might allocate a portion of their reserves in Bitcoin to bolster fiscal resilience.

VanEck 预计，到 2025 年底，比特币价格将飙升至 18 万美元，这主要是由于美国各地的采用率不断提高。该公司预计德克萨斯州、佛罗里达州或宾夕法尼亚州等州可能会将部分储备分配为比特币，以增强财政弹性。

Moreover, the firm predicts the adoption of Bitcoin Exchange-Traded Products (ETPs) and higher corporate holdings will contribute to the BTC price spike.

此外，该公司预测，比特币交易所交易产品（ETP）的采用和企业持有量的增加将导致比特币价格飙升。

By 2025, over 1.1 million BTC is expected to be held by both public and private companies, surpassing the estimated holdings of Bitcoin’s pseudonymous creator, Satoshi Nakamoto.

到 2025 年，预计上市公司和私营公司将持有超过 110 万枚 BTC，超过比特币匿名创始人中本聪 (Satoshi Nakamoto) 的估计持有量。

However, VanEck notes that Bitcoin’s path to this ATH could be volatile, forecasting a 30% retracement in mid-2025 before a recovery later in the year. The firm identifies factors like high funding rates and declining Bitcoin dominance as potential indicators of short-term market corrections.

然而，VanEck 指出，比特币达到这一最高水平的路径可能会不稳定，他预测比特币将在 2025 年中期回撤 30%，然后在今年晚些时候复苏。该公司将高融资率和比特币主导地位下降等因素视为短期市场调整的潜在指标。

Ethereum Price to Surpass $6,000 With L2s, Instituions

L2、机构的以太坊价格将突破 6,000 美元

Ethereum is expected to break its previous price records and reach over $6,000 by 2025. VanEck largely attributes this to the growing significance of Ethereum’s Layer-2 solutions and innovations like blob space.

以太坊预计将打破之前的价格记录，到 2025 年将达到 6,000 美元以上。VanEck 将这主要归因于以太坊的 Layer-2 解决方案和 blob 空间等创新的日益重要。

Furthermore, VanEck predicts that институционалы will be enticed by the launch of Ethereum staking ETPs, which will drive further price increases. As Ethereum’s network matures, the firm anticipates growth in its user base and fee generation, with over $1 billion expected from blob space-related fees.

此外，VanEck 预测以太坊质押 ETP 的推出将吸引 институционалы，这将推动价格进一步上涨。随着以太坊网络的成熟，该公司预计其用户群和费用产生将会增长，预计与 Blob 空间相关的费用将超过 10 亿美元。

Solana Projcted to Top $500 on Scalability, DeFi

Solana 在可扩展性和 DeFi 方面预计将突破 500 美元

Solana is also expected to see gains, with the firm projecting that it will exceed $500 by 2025. VanEck credits Solana’s scalability advancements and rising presence in the decentralized finance (DeFi) and non-fungible token (NFT) sectors.

Solana 预计也将实现收益，该公司预计到 2025 年其收益将超过 500 美元。VanEck 赞扬了 Solana 的可扩展性进步以及在去中心化金融 (DeFi) 和不可替代代币 (NFT) 领域不断增长的影响力。

The network’s ability to offer high-speed and low-cost transactions makes it a strong contender for continued growth, further boosting its price in the coming years.

该网络提供高速和低成本交易的能力使其成为持续增长的有力竞争者，并在未来几年进一步提高其价格。

Blockchain, AI Integration to Drive Future Growth

区块链、人工智能融合推动未来增长

The report also sheds light on the increasing integration of artificial intelligence (AI) into blockchain networks. By 2025, more than one million AI agents are expected to operate on-chain, largely automating DeFi, gaming, and social media processes.

该报告还揭示了人工智能（AI）日益融入区块链网络的情况。到 2025 年，预计将有超过 100 万个人工智能代理在链上运行，很大程度上实现 DeFi、游戏和社交媒体流程的自动化。

Additionally, VanEck anticipates a rise in the use of stablecoins and tokenized securities. Stablecoins are projected to facilitate daily settlement volumes of $300 billion by 2025, with increased adoption expected from major tech companies.

此外，VanEck 预计稳定币和代币化证券的使用将会增加。预计到 2025 年，稳定币的日结算量将达到 3000 亿美元，主要科技公司的采用率预计会有所增加。

Tokenized assets, including securities, are expected to exceed $50 billion in value, largely driven by institutional interest in migrating traditional assets onto blockchain platforms.

包括证券在内的代币化资产的价值预计将超过 500 亿美元，这主要是由机构将传统资产迁移到区块链平台的兴趣推动的。