VanEck 公布 2025 年十大加密货币预测，预计比特币 (BTC) 和以太坊 (ETH) 将大幅增长

该报告由数字资产研究主管 Matthew Sigel 和高级投资分析师 Patrick Bush 领导，表明市场将在第一季度达到顶峰

Investment management giant VanEck has shared its top 10 crypto predictions for 2025, envisioning remarkable growth for Bitcoin (BTC) and Ethereum (ETH). Their projections indicate that the ongoing crypto bull market will propel BTC to $180,000 and ETH to over $6,000 by Q1 2025.

投资管理巨头 VanEck 分享了 2025 年十大加密货币预测，预计比特币 (BTC) 和以太坊 (ETH) 将会出现显着增长。他们的预测表明，持续的加密货币牛市将在 2025 年第一季度将 BTC 推至 180,000 美元，将 ETH 推至 6,000 美元以上。

VanEck’s Bullish Crypto Predictions for 2025

VanEck 对 2025 年加密货币的乐观预测

The report, spearheaded by Matthew Sigel, Head of Digital Assets Research, and Patrick Bush, Senior Investment Analyst, suggests that the market will peak in Q1, followed by a summer retracement. They anticipate Bitcoin may decline by 30%, while altcoins could experience sharper corrections of up to 60%. However, the recovery is expected to begin by Q4, with major tokens resuming their rally to set new all-time highs.

该报告由数字资产研究主管 Matthew Sigel 和高级投资分析师 Patrick Bush 牵头，表明市场将在第一季度达到顶峰，随后出现夏季回调。他们预计比特币可能会下跌 30%，而山寨币可能会经历高达 60% 的大幅调整。然而，复苏预计将在第四季度开始，主要代币将恢复涨势并创下历史新高。

To gauge market exuberance, the report will focus on key metrics such as high funding rates, excessive unrealized profits, overvalued market cap-to-realized value (MVRV) ratios, and declining BTC dominance. These indicators have historically signaled cycle tops and will inform VanEck’s market outlook.

为了衡量市场繁荣程度，该报告将重点关注高融资率、过高的未实现利润、高估的市值与已实现价值（MVRV）比率以及比特币主导地位下降等关键指标。这些指标历来预示着周期顶部，并将为 VanEck 的市场前景提供信息。

The report also predicts that the United States will adopt Bitcoin as a strategic asset under a pro-crypto administration. With Donald Trump's re-election, the appointment of crypto-friendly officials to key positions, such as Paul Atkins as SEC Chair, marks the end of restrictive policies. VanEck anticipates the establishment of Bitcoin reserves by either the federal government or individual states like Texas or Florida, utilizing the asset to hedge against economic uncertainty.

该报告还预测，美国将在亲加密政府的领导下将比特币作为战略资产。随着唐纳德·特朗普的连任，任命对加密货币友好的官员担任关键职位，例如保罗·阿特金斯担任 SEC 主席，标志着限制性政策的结束。 VanEck 预计联邦政府或德克萨斯州或佛罗里达州等个别州将建立比特币储备，利用该资产来对冲经济不确定性。

Corporate adoption of Bitcoin is expected to accelerate, with both public and private companies increasing their holdings by 43%, surpassing Satoshi Nakamoto's estimated 1.1 million BTC. Furthermore, U.S.-based Bitcoin mining is projected to capture 35% of the global hash rate by 2025, up from 28% in 2024, due to clear regulations, cheap energy, and favorable tax policies.

企业对比特币的采用预计将加速，上市公司和私营公司的比特币持有量将增加 43%，超过中本聪估计的 110 万比特币。此外，由于明确的法规、廉价的能源和有利的税收政策，预计到 2025 年，美国的比特币挖矿将占据全球算力的 35%，高于 2024 年的 28%。

Other Predictions

其他预测

VanEck’s report also highlights the broader tokenization of assets, predicting that the value of tokenized securities will exceed $50 billion. Stablecoin daily settlement volumes are expected to reach $300 billion, reflecting their increasing importance in digital finance. Meanwhile, Ethereum is anticipated to generate $1 billion in blob space fees, demonstrating its continued dominance in DeFi.

VanEck 的报告还强调了更广泛的资产代币化，预测代币化证券的价值将超过 500 亿美元。稳定币每日结算量预计将达到 3000 亿美元，反映出其在数字金融中日益重要。与此同时，以太坊预计将产生 10 亿美元的 blob 空间费用，证明其在 DeFi 领域的持续主导地位。

The NFT market, which experienced a significant downturn, is expected to recover, with trading volumes reaching $30 billion. Decentralized exchanges (DEXs) are projected to achieve $4 trillion in annual volumes, while DeFi's total value locked (TVL) could increase to $200 billion.

经历了大幅低迷的 NFT 市场预计将复苏，交易量将达到 300 亿美元。去中心化交易所 (DEX) 的年交易量预计将达到 4 万亿美元，而 DeFi 的总锁定价值 (TVL) 可能会增加到 2000 亿美元。