随着监管和政治背景的改善，比特币（BTC）价格前景保持乐观：德意志银行

报告称，美国更有利的监管和政治背景、越来越多的机构采用以及美联储更宽松的货币政策，预计都将支撑加密货币的价格。

German lender Deutsche Bank is bullish on bitcoin (BTC), predicting that the world's largest cryptocurrency will continue to trade at an elevated price in 2025, thanks to a favorable regulatory landscape in the U.S., growing institutional adoption, and looser Federal Reserve monetary policy.

德国银行德意志银行看好比特币（BTC），预测由于美国有利的监管环境、不断增加的机构采用以及美联储宽松的货币政策，全球最大的加密货币将在 2025 年继续以较高的价格交易。

A report by the bank on Wednesday said that the Trump administration's support for cryptocurrencies suggests the market's current bull run should continue, with ongoing presidential backing being key for the "continuation of crypto's golden era," analyst Marion Laboure wrote.

该银行周三的一份报告称，特朗普政府对加密货币的支持表明市场当前的牛市应该会继续，而总统的持续支持是“加密货币黄金时代延续”的关键，分析师马里昂·拉布尔(Marion Laboure)写道。

While President Trump didn't sign any crypto-related executive orders on his first day in office, the announcement that the Securities and Exchange Commission (SEC) will develop a regulatory framework for digital assets is a first step towards an overhaul of the industry, the report said.

尽管特朗普总统在上任第一天没有签署任何与加密货币相关的行政命令，但宣布美国证券交易委员会（SEC）将为数字资产制定监管框架是对该行业进行彻底改革的第一步，报告称。

The appointment of Paul Atkins as SEC chair is also indicative of a "shift towards an innovation-friendly approach," Deutsche Bank noted.

德意志银行指出，任命保罗·阿特金斯为 SEC 主席也表明“转向有利于创新的方式”。

With the Markets in Crypto-Assets (MiCA) regulation coming into force in the EU in December, the European crypto market now enjoys increased legitimacy and security, the report added.

报告补充说，随着加密资产市场（MiCA）法规于 12 月在欧盟生效，欧洲加密市场现在享有更高的合法性和安全性。

More clarity about the potential establishment of a U.S. bitcoin reserve could be forthcoming in the first quarter, the bank said.

该银行表示，美国比特币储备的潜在建立可能会在第一季度变得更加明确。