儘管比特幣BTC/USD的交易接近其歷史最高價格，但Zigchain的聯合創始人Abdul Rafay Gadit認為，更廣泛的加密貨幣市場已準備好進行轉變。

發生的事情是：在接受Benzinga的採訪中，Gadit認為，隨著宏觀經濟壓力的輕鬆和利率開始下降，投資者應為向山寨幣進行強烈旋轉做準備。

As Bitcoin BTC/USD hovers near its all-time high price, Abdul Rafay Gadit, co-founder of ZigChain, sees a shift in the broader crypto market.

隨著比特幣BTC/USD徘徊在其有史以來高價的近距離，Zigchain的聯合創始人Abdul Rafay Gadit看到了更廣泛的加密貨幣市場的轉變。

In an interview with Benzinga, Gadit anticipates a strong rotation into altcoins as macroeconomic pressures ease and interest rates begin to fall. He also named decentralized finance and tokenization as the most undervalued sectors in crypto, highlighting their real-world utility and long-term growth potential.

在接受Benzinga的採訪中，Gadit預計隨著宏觀經濟壓力的輕鬆和利率開始下降，向Altcoins進行了強烈的旋轉。他還將權力下放的財務和令牌化命名為加密貨幣中最被低估的部門，強調了他們的現實世界實用程序和長期增長潛力。

“Eighty to ninety percent of tokens are down, but Bitcoin has skewed the entire market perception. Once rate cuts begin and inflation stabilizes, money will flow to other assets as well.”

“百分之八十至90％的代幣均下降，但比特幣偏向整個市場的看法。一旦降低速度開始並穩定通貨膨脹，錢也將流向其他資產。”

While acknowledging the strong institutional capital flowing into Bitcoin, Gadit expects to see altcoins tied to productive use cases gain traction next.

加迪特（Gadit）承認強大的機構資本流向比特幣，但接下來會看到與生產用例相關的山寨幣。

“We're already seeing it. Family offices and institutions are becoming more open to exploring altcoins, especially those with clear utility and a narrative.”

“我們已經看到了它。家庭辦事處和機構越來越開放探索山寨幣，尤其是那些具有清晰效用和敘述的山寨幣。”

Bullish On Tokenization And DeFi

看好令牌化和defi

Gadit is particularly optimistic about the future of tokenized real-world assets (RWAs). He believes that bringing traditionally illiquid assets such as real estate, private credit, and equities onto blockchain rails will drive the next wave of crypto adoption.

Gadit對代幣化現實世界資產（RWA）的未來特別樂觀。他認為，將傳統流動性的資產（例如房地產，私人信貸和股票）帶到區塊鏈導軌上將推動下一波加密貨幣採用。

“The DeFi sector overall, especially tokenization, is pretty much undervalued right now. If a real use case of AI or tokenization can lower the operational costs of blockchain, it could be massively disruptive.”

“總體上，尤其是代幣化的挑戰部門現在幾乎被低估了。如果AI或令牌化的真正用例可以降低區塊鏈的運營成本，則可能會大大破壞。”

ZigChain is currently working with Zamanat, a Sharia-compliant RWA tokenization platform, to tokenize $2.5 billion worth of real estate in Dubai over the next three years.

Zigchain目前正在與符合伊斯蘭教義的RWA令牌平台Zamanat合作，在未來三年內，在迪拜將價值25億美元的房地產代幣合作。

“Think of a $15 million family office that usually can’t access private credit deals with high entry minimums. Through tokenization, even those chunks can be broken down into $1,000 units and accessed globally.”

“想想一個耗資1500萬美元的家庭辦公室，通常無法獲得最低入場費的私人信貸交易。通過令牌化，即使這些塊也可以分為1,000美元，並在全球範圍內訪問。”

Retail Inclusion And Infrastructure Investment

零售包含和基礎設施投資

While other platforms like Ondo Finance ONDO/USD focus on institutions, ZigChain is betting on retail adoption.

雖然其他平台（例如Ondo Finance Ondo/USD）專注於機構，但Zigchain押注了零售的採用。

Gadit emphasized that ZigChain is building an all-in-one infrastructure layer that enables tokenized assets, stablecoins, and DeFi products to co-exist seamlessly.

加迪特強調，Zigchain正在建立一個多合一的基礎設施層，該層可以使標記資產，穩定產品和Defi產品無縫共存。

“The end user should not even feel that they are working on a blockchain.”

“最終用戶甚至不應該感到自己正在使用區塊鏈。”

Gadit also disclosed that ZigChain is investing in acquiring a fund tokenization license from the Dubai International Financial Centre (DIFC), viewing this as a key milestone in legitimizing tokenized asset offerings.

加迪特（Gadit）還透露，Zigchain正在投資從迪拜國際金融中心（DIFC）獲得基金令牌許可證，將其視為合法化令牌化資產產品的關鍵里程碑。

“That license alone shows how serious we are. Most serious tokenization players won't even launch their own token for the next five years—they're focused on infrastructure.”

“僅憑該許可證就表明了我們的認真程度。最認真的令牌化參與者甚至不會在未來五年內推出自己的令牌 - 他們專注於基礎設施。”

From Bitcoin To Altcoins: Institutional Appetite Matures

從比特幣到Altcoins：機構食慾成熟

Despite ongoing regulatory shifts and geopolitical uncertainty, Gadit is confident that institutional interest in crypto is accelerating.

儘管持續的監管轉變和地緣政治不確定性，但加迪特對加密貨幣的機構興趣正在加速。

“Every day in Dubai, I meet someone from a large family office or desk who's looking to enter crypto. It always starts with Bitcoin, but eventually they begin to explore other tokens and asset classes.”

“每天在迪拜，我都會遇到一個想進入加密貨幣的大型家庭辦公室或桌子上的人。它總是從比特幣開始，但最終他們開始探索其他令牌和資產課程。”

He added that this institutional behavior, especially after spot Bitcoin ETF approvals, has helped Bitcoin maintain its strength above $100,000. However, Gadit expects a shift.

他補充說，這種機構行為，尤其是在現場比特幣ETF批准之後，幫助比特幣保持了超過100,000美元的實力。但是，加迪特預計會發生變化。

“Barring any black swan events, I think my thesis for the next 12 to 24 months is that the market will do well, and altcoins will catch up.”

“除非所有黑天鵝事件，否則我認為我在接下來的12到24個月中的論文是市場將做得很好，而Altcoins將會趕上。”

In terms of specific sectors, Gadit sees long-term potential in Layer-1 blockchains with real use cases, exchange tokens, and tokenized assets.

就特定部門而言，Gadit認為具有實際用例，交換令牌和令牌化資產的1層區塊鏈的長期潛力。

“DEX tokens like Uniswap and Radium will benefit as volumes shift to decentralized trading venues. Exchanges, whether Bitget or Binance, are just buy-and-hold bets for me.”

“諸如UNISWAP和鐳之類的DEX令牌將隨著量轉移到分散的交易場所而受益。交易所，無論是Bitget還是Binance，對我來說只是購買和持有的賭注。”

Crypto Investing Is Maturing

加密投資正在成熟

Gadit believes the market is becoming more disciplined in how it judges crypto projects.

加迪特（Gadit）認為，市場對加密貨幣項目的評估方式變得越來越紀律。

“Gone are the days when you could raise money on promises alone. Now, revenue and user adoption are the key metrics. Token price is no longer enough.”

“您可以僅憑承諾就可以籌集資金的日子已經一去不復返了。現在，收入和用戶採用是關鍵指標。代幣價格已不夠。”

He noted that many high-profile protocols have struggled due to inflated valuations and poor tokenomics.

他指出，由於估值膨脹和差的令牌學，許多備受矚目的方案都在掙扎。

“It's the fault of the cap table. When investors are already 10x up at launch, you're racing to the bottom.”

“這是帽台的錯。當投資者在發佈時已經上升10倍時，您就會陷入底部。”

Even with hype cycles around AI or other narratives, Gadit believes real utility will win out.

即使圍繞AI或其他敘述進行了炒作週期，Gadit也認為真正的效用將勝出。

“We use AI internally to reduce costs and increase margin, but we don't shout about it. The projects that quietly solve real problems will be the ones that last.”See More: Top 400 Coins

“我們在內部使用AI來降低成本和增加利潤，但我們不對此大喊大叫。悄悄解決真正問題的項目將是持續的問題。”