比特幣，defi和tradfi：在2025年彌合差距

探索如何針對傳統金融（TradFI）基準測量比特幣和DEFI，從而揭示了融合和剩餘的差異。

Bitcoin, DeFi, and TradFi are increasingly intertwined. Let's dive into how these sectors compare and what it means for the future of finance.

比特幣，Defi和Tradfi越來越相互交織。讓我們深入了解這些部門的比較以及它對財務的未來意味著什麼。

Bitcoin's Evolution: From Niche to Mainstream

比特幣的演變：從利基到主流

Bitcoin has transformed from an internet experiment into a recognized financial instrument. The launch of spot Bitcoin ETFs in the U.S. accelerated this, providing regulated access and signaling strong demand. Now, it's essential to understand Bitcoin in relation to traditional systems.

比特幣已從互聯網實驗轉變為公認的金融工具。美國在美國的斑點比特幣ETF的推出加速了這一點，提供了受監管的訪問和信號強勁的需求。現在，了解與傳統系統有關的比特幣至關重要。

Measuring Crypto's Scale Against TradFi

衡量加密對Tradfi的規模

Comparing crypto metrics to TradFi provides context. Consider the number of crypto users versus bank card holders, Bitcoin ETF AUM against equity and gold funds, and Bitcoin futures notional size versus S&P contracts. Even on-chain payments can be weighed against Visa and Mastercard. Similarly, DeFi's total value locked and stablecoin float can be viewed alongside hedge fund AUM.

將加密指標與tradfi進行比較提供了上下文。考慮加密用戶與銀行卡持有人的數量，比特幣ETF AUM相對於股權和黃金基金的數量，以及比特幣期貨的名義規模與標準普爾合同。即使是鏈上的付款也可以與Visa和MasterCard相比。同樣，可以與對沖基金AUM一起查看Defi的總價值鎖定和Stablecoin Float。

Gold vs. Bitcoin: The Safe Haven Debate

黃金與比特幣：避風港辯論

Interestingly, precious metals like gold, silver, and platinum have outperformed Bitcoin this year. Gold has surged by 44%, while Bitcoin has risen just over 20%. Central banks' diversification into gold supports this trend, as they cumulatively hold around 36,000 metric tons. Bitcoin's role as a reserve asset is limited, as it hasn't yet found its way onto central bank balance sheets.

有趣的是，今年黃金，銀和白金等貴金屬表現優於比特幣。黃金飆升了44％，而比特幣的增長剛剛上升了20％。中央銀行對黃金的多元化支持了這一趨勢，因為它們累計擁有約36,000公噸。比特幣作為儲備資產的作用有限，因為它尚未找到中央銀行資產負債表。

DeFi's Integration with Real-World Assets

Defi與現實世界資產的集成

Lendr.fi's $RWAL token launch on September 23, 2025, highlights DeFi's move towards real-world asset (RWA) tokenization. This platform offers liquid-staked RWA tokens, allowing users to participate in the multi-trillion dollar RWA market. Token holders can vote on protocol upgrades and earn a share of RWA performance fees. This move integrates traditional Web2 assets like ETFs and real estate into the DeFi space.

Lendr.Fi於2025年9月23日發布的$ RWAL代幣啟動，突出了Defi朝著現實世界中的資產（RWA）代幣化的發展。該平台提供了液體固定的RWA代幣，使用戶可以參與數万億美元的RWA市場。令牌持有人可以對協議升級進行投票並賺取RWA性能費用。此舉將傳統的Web2資產（例如ETF和房地產）集成到Defi空間中。

TradFi's Influence on Bitcoin Volatility

Tradfi對比特幣波動的影響

Wall Street's influence might be taming Bitcoin's volatility. As noted on September 21, 2025, Bitcoin held near $115,700, sparking debate on whether TradFi is steadying Bitcoin's swings. Michael Saylor believes calmer price action is beneficial, attracting mega institutions. CME Group's crypto options notional open interest hit a record $7.1 billion on September 9, indicating expanding hedging tools.

華爾街的影響力可能是馴服比特幣的波動性。正如2025年9月21日所述，比特幣舉行的$ 115,700，引發了關於Tradfi是否正在穩定比特幣的波動的辯論。邁克爾·塞勒（Michael Saylor）認為，平靜的價格行動是有益的，吸引了大型機構。 CME集團的加密貨幣選項名義上的開放興趣在9月9日達到了創紀錄的71億美元，表明擴大了對沖工具。

Bitcoin Cycle Analysis and Future Outlook

比特幣週期分析和未來前景

Historical patterns suggest Bitcoin might be on the verge of another explosive rally. According to trader Merlijn, Bitcoin's long-term chart echoes its historical cycle patterns, with a mid-cycle “trap” shaking out weaker hands before resuming its rise. Similarly, Ash Crypto pointed out a hidden bullish divergence on Bitcoin’s weekly chart, suggesting a potential Q4 rally. Buyers holding the $114,000-$115,000 range support this constructive outlook.

歷史模式表明，比特幣可能處於另一個爆炸性的集會的邊緣。根據Trader Merlijn的說法，比特幣的長期圖表呼應其歷史週期模式，中期的“陷阱”在恢復其上升之前搖晃著弱的手。同樣，Ash Crypto指出了比特幣每週圖表上隱藏的看漲差異，這表明潛在的Q4集會。持有$ 114,000- $ 115,000範圍的買家支持這種建設性的前景。

Final Thoughts

最後的想法

The convergence of Bitcoin, DeFi, and TradFi is reshaping the financial landscape. While challenges remain, the progress is undeniable. It's like watching your favorite indie band finally get a record deal – things are about to get interesting!

比特幣，Defi和Tradfi的融合正在重塑金融領域。儘管仍然存在挑戰，但進展是不可否認的。就像看著您最喜歡的獨立樂隊終於獲得了唱片交易一樣 - 事情將變得有趣！