<p>在最近与 CNBC 的播客采访中，<strong>以太坊</strong> 和 <strong>卡尔达诺</strong> 的联合创始人查尔斯·霍斯金森（Charles Hoskinson）表示，<strong>比特币</strong>（BTC -0.52%）今年可能会达到 250,000 美元的价格。这比目前的 85,000 美元价格惊人地上涨了 194%。</p>
<p>那么，是什么让霍斯金森如此有信心认为比特币将在 2025 年下半年迎来重大反弹呢？</p>
<h2>比特币的采用</h2>
<p>霍斯金森表示，乐观的主要原因是比特币采用率的不断增长。他指出，目前全球有 6.59 亿加密货币用户。这比去年增长了 13%。加密货币是真正的全球现象，因此即使美国的比特币采用因经济增长放缓而停滞，全球仍然对其有需求。</p>
<p>个人投资者和企业都在接受比特币。曾名为 MicroStrategy 的 <strong>Strategy</strong>（NASDAQ: MSTR）公司正处于领先地位。截至 3 月 31 日，该公司持有 528,185 个比特币，按今天的价格计算，价值近 450 亿美元，使其成为全球最大的比特币企业持有者。越来越多的公司开始效仿，目标是通过将比特币纳入资产负债表来提升其股市估值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTQ5NDAvZ29sZC1jb2luLXdpdGgtYml0Y29pbi1zeW1ib2wtb24taXQtY3J5cHRvY3VycmVuY3ktYnRjLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTQ5NDAvZ29sZC1jb2luLXdpdGgtYml0Y29pbi1zeW1ib2wtb24taXQtY3J5cHRvY3VycmVuY3ktYnRjLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>而且，主权政府也不甘落后。唐纳德·特朗普总统在 2024 年选举期间将比特币纳入其竞选纲领，正在寻找联邦政府将加密货币整合到金融系统中的新方法。最引人注目的举措当然是在 3 月建立战略比特币储备。</p>
<h2>新的加密立法</h2>
<p>霍斯金森表示，另一个关键催化剂是 2025 年新的加密立法，这将最终为加密行业制定规则。第一部重要的立法将与稳定币有关，稳定币已经发展成为一个 2000 亿美元的行业。第二部重要的立法是数字资产市场结构和投资者保护法案。</p>
<p>这两部新立法非常重要，因为美国目前没有任何全面的加密框架，被迫依赖证券交易委员会的 “执法监管” 政策。这与世界其他地方形成鲜明对比。例如，欧盟最近在 2024 年底实施了一项名为 MiCA 的全面加密框架。</p>
<h2>“七大巨头” 会采用比特币吗？</h2>
<p>这项新立法还有一个重要原因：理论上，它将使加密货币对美国最大的公司足够安全。事实上，霍斯金森认为，“七大巨头” 中的几家科技公司可能会在新立法生效后立即开始参与加密货币。</p>
<p>在霍斯金森看来，“七大巨头” 的最大机会可能在于与美元 1 比 1 挂钩的稳定币。这些 “数字美元” 可能是支付不同国家工人的关键，同时实现更快、更高效的跨境交易。</p>
<p>对于任何新接触加密货币的人来说，这可能听起来不切实际。然而，只要比特币的价格上涨，主要科技公司就会有动力接受加密货币。</p>
<p>例如，在 12 月，<strong>微软</strong>（NASDAQ: MSFT）的股东投票表决一项提案，要求公司将比特币纳入其资产负债表。尽管微软最终对该提案投了 “否”，但现在看起来其他科技公司也可能会面临类似的股东提案。</p>
<h2>关税对比特币的影响</h2>
<p>霍斯金森对当前的关税不确定性和即将到来的贸易战威胁也有一些有趣的看法。他并没有像许多分析师那样悲观，甚至表示 “关税问题将是个失败”。在他看来，许多对全面贸易战的最坏担忧都是过度的。</p>
<p>根据他对当前经济形势的看法，加密市场将在接下来的几个月内停滞，等待美联储的行动和关税的更多明确性。一旦美联储降低利率，可能会导致 “廉价、快速的资金” 涌入加密市场，从而推高比特币的价格。他完全预期到到九月份会出现投机性的加密反弹，这可能会导致比特币在 2025 年底达到 250,000 美元的目标。</p>
<h2>比特币真的能达到 250,000 美元吗？</h2>
<p>这里显然有很多内容需要解读。在 2025 年 1 月之前，围绕特朗普白宫的亲加密乐观情绪是一个流行的故事线。还有一个始终受到加密爱好者欢迎的故事线，基于一个每个人都拥有加密货币、所有事务都在区块链上运行的世界的愿景。此外，还有关税的不确定性和全球贸易战的潜在威胁。</p>
<p>你需要决定这些关键故事线对 2025 年比特币价格的影响有多大。从当前价格 85,000 美元到 250,000 美元——在不到八个月内上涨 194% 的史诗级增长——是一个很大的要求。但如果世界上有任何数字资产能够做到这一点，那就是比特币。</p>

MSTR

<p>在最近的一期 CNBC 播客中，以太坊和卡尔达诺的联合创始人查尔斯·霍斯金森预测，比特币到 2025 年底可能会达到 250,000 美元，比当前价格上涨 194%。他将这种乐观情绪归因于全球比特币采用率的上升，目前有 6.59 亿用户，以及显著的企业投资，特别是 MicroStrategy 的投资。预计 2025 年即将出台的加密货币立法将提供更清晰的监管框架，可能会鼓励大型科技公司采用比特币。霍斯金森预期，如果美联储降低利率，加密货币价格将出现投机性反弹</p>

<p>In a recent podcast interview with CNBC, Charles Hoskinson, the co-founder of both <strong>Ethereum</strong> and <strong>Cardano</strong>, suggested that <strong>Bitcoin</strong>(BTC -0.52%) could hit a price of $250,000 this year. That's an astounding 194% increase from its current price of $85,000.</p>
<div class="lb-trans"><p>在最近与 CNBC 的播客采访中，<strong>以太坊</strong> 和 <strong>卡尔达诺</strong> 的联合创始人查尔斯·霍斯金森（Charles Hoskinson）表示，<strong>比特币</strong>（BTC -0.52%）今年可能会达到 250,000 美元的价格。这比目前的 85,000 美元价格惊人地上涨了 194%。</p>
</div><p>So what makes Hoskinson so confident that Bitcoin is poised for a major rally in the second half of 2025?</p>
<div class="lb-trans"><p>那么，是什么让霍斯金森如此有信心认为比特币将在 2025 年下半年迎来重大反弹呢？</p>
</div><h2>Bitcoin adoption</h2>
<div class="lb-trans"><h2>比特币的采用</h2>
</div><p>The primary reason for optimism, says Hoskinson, is the growing rate of Bitcoin adoption. As he points out, there are now 659 million crypto users worldwide. That's up 13% on a year-over-year basis. Crypto is a truly global phenomenon, so even if Bitcoin adoption in the United States stalls out due to the slowing of economic growth, there is still demand for it worldwide.</p>
<div class="lb-trans"><p>霍斯金森表示，乐观的主要原因是比特币采用率的不断增长。他指出，目前全球有 6.59 亿加密货币用户。这比去年增长了 13%。加密货币是真正的全球现象，因此即使美国的比特币采用因经济增长放缓而停滞，全球仍然对其有需求。</p>
</div><p>Individual investors are embracing Bitcoin, and so are corporations. <strong>Strategy</strong>(NASDAQ: MSTR), the company formerly known as MicroStrategy, is leading the way. As of March 31, it held 528,185 Bitcoins worth nearly $45 billion at today's prices, making it the largest corporate holder of Bitcoin in the world. A growing number of companies are starting to follow in its footsteps, with the goal of boosting their stock market valuations by adding Bitcoin to the balance sheet.</p>
<div class="lb-trans"><p>个人投资者和企业都在接受比特币。曾名为 MicroStrategy 的 <strong>Strategy</strong>（NASDAQ: MSTR）公司正处于领先地位。截至 3 月 31 日，该公司持有 528,185 个比特币，按今天的价格计算，价值近 450 亿美元，使其成为全球最大的比特币企业持有者。越来越多的公司开始效仿，目标是通过将比特币纳入资产负债表来提升其股市估值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTQ5NDAvZ29sZC1jb2luLXdpdGgtYml0Y29pbi1zeW1ib2wtb24taXQtY3J5cHRvY3VycmVuY3ktYnRjLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F814940%2Fgold-coin-with-bitcoin-symbol-on-it-cryptocurrency-btc.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>And not to be outdone, sovereign governments are also getting into the mix. President Donald Trump, who made Bitcoin part of his platform during the 2024 election, has been looking for new ways that the federal government can integrate crypto into the financial system. The highest-profile move, of course, was the establishment of a Strategic Bitcoin Reserve in March.</p>
<div class="lb-trans"><p>而且，主权政府也不甘落后。唐纳德·特朗普总统在 2024 年选举期间将比特币纳入其竞选纲领，正在寻找联邦政府将加密货币整合到金融系统中的新方法。最引人注目的举措当然是在 3 月建立战略比特币储备。</p>
</div><h2>New crypto legislation</h2>
<div class="lb-trans"><h2>新的加密立法</h2>
</div><p>Another key catalyst, says Hoskinson, is new crypto legislation in 2025 that will finally lay out the rules of the road for the crypto industry. The first major piece of legislation will be one related to stablecoins, which have grown into a $200 billion industry. The second major piece of legislation is the Digital Asset Market Structure and Investor Protection Act.</p>
<div class="lb-trans"><p>霍斯金森表示，另一个关键催化剂是 2025 年新的加密立法，这将最终为加密行业制定规则。第一部重要的立法将与稳定币有关，稳定币已经发展成为一个 2000 亿美元的行业。第二部重要的立法是数字资产市场结构和投资者保护法案。</p>
</div><p>These two new pieces of legislation are important because the U.S. currently does not have any comprehensive framework for crypto, and has been forced to rely on a policy of &#34;regulation by enforcement&#34; by the Securities and Exchange Commission. That's in sharp contrast to the rest of the world. The European Union, for example, recently put into place a comprehensive crypto framework called MiCA at the end of 2024.</p>
<div class="lb-trans"><p>这两部新立法非常重要，因为美国目前没有任何全面的加密框架，被迫依赖证券交易委员会的 “执法监管” 政策。这与世界其他地方形成鲜明对比。例如，欧盟最近在 2024 年底实施了一项名为 MiCA 的全面加密框架。</p>
</div><h2>Will the &#34;Magnificent Seven&#34; adopt Bitcoin?</h2>
<div class="lb-trans"><h2>“七大巨头” 会采用比特币吗？</h2>
</div><p>This new legislation is vital for another important reason: It will theoretically make crypto safe enough for America's biggest corporations. In fact, Hoskinson thinks several of the &#34;Magnificent Seven&#34; tech companies could start to get involved with crypto as soon as the new legislation goes into effect.</p>
<div class="lb-trans"><p>这项新立法还有一个重要原因：理论上，它将使加密货币对美国最大的公司足够安全。事实上，霍斯金森认为，“七大巨头” 中的几家科技公司可能会在新立法生效后立即开始参与加密货币。</p>
</div><p>As Hoskinson sees it, the biggest opportunities for the Magnificent Seven could be in stablecoins, which are pegged 1-to-1 to the U.S. dollar. These &#34;digital dollars&#34; could be the key to paying workers in different countries, while enabling faster and more efficient cross-border transactions.</p>
<div class="lb-trans"><p>在霍斯金森看来，“七大巨头” 的最大机会可能在于与美元 1 比 1 挂钩的稳定币。这些 “数字美元” 可能是支付不同国家工人的关键，同时实现更快、更高效的跨境交易。</p>
</div><p>That might sound far-fetched for anyone new to crypto. However, as long as the price of Bitcoin goes up, momentum will build for major tech companies to embrace crypto.</p>
<div class="lb-trans"><p>对于任何新接触加密货币的人来说，这可能听起来不切实际。然而，只要比特币的价格上涨，主要科技公司就会有动力接受加密货币。</p>
</div><p>For example, in December, <strong>Microsoft</strong>(NASDAQ: MSFT) shareholders voted on a shareholder proposal calling on the company to add Bitcoin to its balance sheet. While Microsoft ultimately voted &#34;no&#34; on the proposal, it now looks like similar shareholder proposals could be on the way for other tech companies.</p>
<div class="lb-trans"><p>例如，在 12 月，<strong>微软</strong>（NASDAQ: MSFT）的股东投票表决一项提案，要求公司将比特币纳入其资产负债表。尽管微软最终对该提案投了 “否”，但现在看起来其他科技公司也可能会面临类似的股东提案。</p>
</div><h2>Impact of tariffs on Bitcoin</h2>
<div class="lb-trans"><h2>关税对比特币的影响</h2>
</div><p>Hoskinson also has some interesting thoughts on the current tariff uncertainty, and the threat of a looming trade war. He's not nearly as bearish as many analysts are, even going so far as to say that &#34;the tariff stuff will be a dud.&#34; As he sees it, many of the worst fears of a full-blown trade war are overdone.</p>
<div class="lb-trans"><p>霍斯金森对当前的关税不确定性和即将到来的贸易战威胁也有一些有趣的看法。他并没有像许多分析师那样悲观，甚至表示 “关税问题将是个失败”。在他看来，许多对全面贸易战的最坏担忧都是过度的。</p>
</div><p>Based on his view of the current economic situation, the crypto market will stall out over the next few months, as it awaits action from the Fed and more clarity around tariffs. As soon as the Fed lowers interest rates, it could lead to &#34;cheap, fast money&#34; pouring into crypto, thereby pushing up the price of Bitcoin. He's fully expecting a speculative crypto rally by September, which could lead to Bitcoin hitting that $250,000 price target by the end of 2025.</p>
<div class="lb-trans"><p>根据他对当前经济形势的看法，加密市场将在接下来的几个月内停滞，等待美联储的行动和关税的更多明确性。一旦美联储降低利率，可能会导致 “廉价、快速的资金” 涌入加密市场，从而推高比特币的价格。他完全预期到到九月份会出现投机性的加密反弹，这可能会导致比特币在 2025 年底达到 250,000 美元的目标。</p>
</div><h2>Can Bitcoin really hit $250,000?</h2>
<div class="lb-trans"><h2>比特币真的能达到 250,000 美元吗？</h2>
</div><p>There's obviously a lot to unpack here. There is the storyline that was popular before January 2025, based on the pro-crypto optimism surrounding the Trump White House. There is also the storyline that's always been popular with crypto enthusiasts, based on a vision of the world where everyone owns crypto, and everything runs on blockchain rails. And, layered in on top of that, you have tariff uncertainty and the potential for a global trade war.</p>
<div class="lb-trans"><p>这里显然有很多内容需要解读。在 2025 年 1 月之前，围绕特朗普白宫的亲加密乐观情绪是一个流行的故事线。还有一个始终受到加密爱好者欢迎的故事线，基于一个每个人都拥有加密货币、所有事务都在区块链上运行的世界的愿景。此外，还有关税的不确定性和全球贸易战的潜在威胁。</p>
</div><p>It's up to you to decide just how much of an impact each of these key storylines will have on the price of Bitcoin in 2025. Getting from a current price of $85,000 to $250,000 -- an epic 194% increase in price in less than eight months -- is a big ask. But if there's any digital asset in the world that's capable of it, it's Bitcoin.</p>
<div class="lb-trans"><p>你需要决定这些关键故事线对 2025 年比特币价格的影响有多大。从当前价格 85,000 美元到 250,000 美元——在不到八个月内上涨 194% 的史诗级增长——是一个很大的要求。但如果世界上有任何数字资产能够做到这一点，那就是比特币。</p>
</div>

1 Top Cryptocurrency to Buy Before It Soars 194%, According to the Co-Founder of Ethereum and Cardano

- 查尔斯·霍斯金森预测比特币将在 2025 年达到 250,000 美元，增幅 194%。  
- 主要原因是比特币用户增长至 6.59 亿，企业和政府也在增加投资。  
- 新的加密法规将为市场提供清晰框架，可能推动比特币价格上涨。  

根据以太坊和卡尔达诺的联合创始人，有一个顶级加密货币值得在其上涨 194% 之前购买