Steno Research 表示，以太坊 (ETH) 可能会在 2025 年击败比特币 (BTC)

报告称，预计以太坊价格将从 3,400 美元上涨一倍以上，达到至少 8,000 美元。

Steno Research now predicts that ether (CRYPTO: ETH), the second-largest cryptocurrency by market capitalization, will easily outperform bitcoin (CRYPTO: BTC) in 2025, in a report that also cites historical trends and Donald Trump's U.S. election victory.

Steno Research 现在预测，按市值计算的第二大加密货币以太坊 (CRYPTO: ETH) 将在 2025 年轻松超越比特币 (CRYPTO: BTC)，该报告还引用了历史趋势和唐纳德·特朗普在美国大选中的胜利。

Steno is now predicting bitcoin will hit a minimum of $150,000 next year, up from around $94,000, while ether will more than double to at least $8,000 from $3,400.

Steno 现在预测明年比特币的价格将从 94,000 美元左右上涨到最低 150,000 美元，而以太币将从 3,400 美元上涨一倍多，达到至少 8,000 美元。

Steno said it expects the ETH/BTC ratio to rise to 0.06 in the next 12 months from the current 0.0357, echoing the price action seen in previous cycles.

Steno 表示，预计 ETH/BTC 比率将在未来 12 个月内从目前的 0.0357 升至 0.06，与之前周期中的价格走势相呼应。

“This expectation is partly based on the argument that Donald Trump's U.S. presidential victory is more favorable for altcoins than for bitcoin,” analyst Mads Eberhardt wrote in the note.

分析师 Mads Eberhardt 在报告中写道：“这种预期部分是基于这样的论点，即唐纳德·特朗普的美国总统胜利对山寨币比比特币更有利。”

Bitcoin's market dominance is predicted to drop to as low as 45% from its current level of about 56.6%, the note said.

该报告称，比特币的市场主导地位预计将从目前约 56.6% 的水平降至 45%。

Total value locked (TVL) in decentralized applications is forecast to hit a new high of $300 billion next year, Steno said, and if the prediction is correct, it further supports the argument for higher altcoin prices.

Steno 表示，去中心化应用程序中锁定的总价值（TVL）预计明年将达到 3000 亿美元的新高，如果预测正确，它将进一步支持山寨币价格上涨的论点。

“2025 will witness institutional adoption of crypto on an unprecedented scale,” the report adds.

报告补充道：“2025 年，加密货币的机构采用规模将达到前所未有的规模。”