{"id":843,"date":"2026-02-09T10:21:17","date_gmt":"2026-02-09T02:21:17","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=843"},"modified":"2026-02-09T10:21:17","modified_gmt":"2026-02-09T02:21:17","slug":"2025%e5%b9%b4%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e7%9b%b8%e5%85%b3%e8%82%a1%e7%a5%a8%e5%b8%82%e5%9c%ba%ef%bc%9a%e7%9f%bf%e4%b8%9a%e7%ae%97%e5%8a%9b%e8%82%a1%e9%a3%99%e5%8d%87%ef%bc%8c%e4%bb%a3","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=843","title":{"rendered":"2025\u5e74\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u80a1\u7968\u5e02\u573a\uff1a\u77ff\u4e1a\u7b97\u529b\u80a1\u98d9\u5347\uff0c\u4ee3\u5e01\u6982\u5ff5\u80a1\u66b4\u8dcc"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u6bd4\u7279\u5e01\u300c\u53cd\u5f39\u884c\u60c5\u300d\u53ef\u671b\u5ef6\u7eed\uff1f\u5206\u6790\uff1a\u5173\u952e\u5728\u4e8e\u300c\u80fd\u5426\u7ad9\u7a33 64,500 \u7f8e\u5143\u300d\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2024\/10\/Bitcoin-up-or-down-by-jantsarik-via-Shutterstock-750x375.jpg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2024\/10\/Bitcoin-up-or-down-by-jantsarik-via-Shutterstock-750x375.jpg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2024\/10\/Bitcoin-up-or-down-by-jantsarik-via-Shutterstock-360x180.jpg 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2024\/10\/Bitcoin-up-or-down-by-jantsarik-via-Shutterstock-1140x570.jpg 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"2025\u5e74\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u80a1\u7968\u5e02\u573a\uff1a\u77ff\u4e1a\u7b97\u529b\u80a1\u98d9\u5347\uff0c\u4ee3\u5e01\u6982\u5ff5\u80a1\u66b4\u8dcc\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p>2025 \u5e74\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u80a1\u7968\u5e02\u573a\u7ecf\u5386\u4e86\u5267\u70c8\u6d17\u724c\uff1a\u5c11\u6570\u77ff\u4e1a\u548c\u52a0\u5bc6\u670d\u52a1\u80a1\u7968\u5b9e\u73b0\u4e86\u4e09\u4f4d\u6570\u7684\u6da8\u5e45\uff0c\u800c\u4e00\u4e9b\u4ee5\u4ee3\u5e01\u4e3a\u4e2d\u5fc3\u548c\u53d9\u4e8b\u9a71\u52a8\u7684\u80a1\u7968\u5219\u5927\u5e45\u4e0b\u8dcc\u3002 BitMine \u3001 IREN \u548c Cipher Mining \u662f\u77ff\u4e1a\u4e0e\u7b97\u529b\u80a1\u8868\u73b0\u6700\u597d\u7684\u516c\u53f8\uff0c2025 \u5e74\u7684\u5927\u9ed1\u9a6c BitMine (BMNR) \u4e0a\u6da8 345%\uff0cIris Energy (IREN) \u548c Cipher Mining (CIFR) \u540c\u6837\u5f55\u5f97 200%-300% \u7684\u6da8\u5e45\u3002\u8fd9\u4e9b\u6da8\u52bf\u662f\u7531\u5076\u53d1\u6027\u53d9\u4e8b\u4e8b\u4ef6\u3001\u6218\u7565\u8d44\u4ea7\u516c\u544a\u4ee5\u53ca\u6295\u8d44\u8005\u5bf9\u8ba1\u7b97\u548c\u6316\u77ff\u80fd\u529b\u9700\u6c42\u53d7\u76ca\u516c\u53f8\u7684\u5f3a\u52b2\u8d44\u91d1\u6d41\u5165\u6240\u63a8\u52a8\u3002<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u4e00\u4e9b\u4e0e\u7279\u5b9a\u4ee3\u5e01\u53d9\u4e8b\u76f8\u5173\u6216\u5df2\u8ba1\u5165\u4e50\u89c2\u589e\u957f\u9884\u671f\u7684\u516c\u53f8\u906d\u53d7\u4e86\u4e25\u91cd\u9006\u8f6c\uff1aSol Strategies (-88%), Fold (-75%), Strategy\uff08\u524d\u8eab\u4e3a MicroStrategy, -44%) \u7ecf\u5386\u5927\u5e45\u4e0b\u8dcc\uff0c\u5206\u6790\u5e08\u548c\u5e02\u573a\u8bc4\u8bba\u5c06\u4ee3\u5e01\u4e0e\u53d9\u4e8b\u9a71\u52a8\u80a1\u7684\u8fd9\u4e9b\u4e0b\u8dcc\u5f52\u56e0\u4e8e\u53d9\u4e8b\u53bb\u98ce\u9669\u3001\u65e9\u671f\u5927\u5e45\u4e0a\u6da8\u540e\u7684\u83b7\u5229\u4e86\u7ed3\uff0c\u4ee5\u53ca\u91cd\u65b0\u5173\u6ce8\u57fa\u672c\u9762\uff0c\u4f8b\u5982\u8d44\u4ea7\u8d1f\u503a\u8868\u7a00\u91ca\u3001\u6536\u5165\u8d28\u91cf\u548c\u5bf9\u6ce2\u52a8\u6027\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u7684\u655e\u53e3\u3002<\/p>\n<figure id=\"attachment_133519\" aria-describedby=\"caption-attachment-133519\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-133519 size-large\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/12\/Strategy-Inc-MSTR-1024x531.png\"  width=\"1024\" height=\"531\" title=\"2025\u5e74\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u80a1\u7968\u5e02\u573a\uff1a\u77ff\u4e1a\u7b97\u529b\u80a1\u98d9\u5347\uff0c\u4ee3\u5e01\u6982\u5ff5\u80a1\u66b4\u8dcc\u63d2\u56fe1\" alt=\"2025\u5e74\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u80a1\u7968\u5e02\u573a\uff1a\u77ff\u4e1a\u7b97\u529b\u80a1\u98d9\u5347\uff0c\u4ee3\u5e01\u6982\u5ff5\u80a1\u66b4\u8dcc\u63d2\u56fe1\" \/><figcaption id=\"caption-attachment-133519\" class=\"wp-caption-text\">Strategy \u80a1\u4ef7\u5728 2025 \u5e74\u7684\u8868\u73b0<\/figcaption><\/figure>\n<p>\u80a1\u7968\u8868\u73b0\u4e0e\u66f4\u5e7f\u6cdb\u7684\u5e02\u573a\u548c\u52a0\u5bc6\u8d27\u5e01\u672c\u8eab\u5f62\u6210\u5bf9\u6bd4\uff1a\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u5728 2025 \u5e74\u5f3a\u52b2\u4e0a\u6da8\uff08\u77ed\u671f\u6570\u636e\u663e\u793a\u4e0a\u6da8\u7ea6 17-20%\uff09\uff0c\u800c\u6bd4\u7279\u5e01\u5e74\u5e95\u5219\u5c0f\u5e45\u4e0b\u8dcc\uff0c\u4ece\u5e74\u521d\u81f3\u4eca\u7684\u4e00\u4e9b\u8861\u91cf\u6807\u51c6\u6765\u770b\uff0c\u8dcc\u5e45\u7ea6\u4e3a\u4e2a\u4f4d\u6570\uff1b\u591a\u4e2a\u6458\u8981\u6307\u51fa\u4ece 10 \u6708\u5cf0\u503c\u4e0b\u8dcc\u7ea6 4% \u6216\u7565\u5927\u3002\u8fd9\u79cd\u5206\u6b67\u53cd\u6620\u4e86\u8d44\u91d1\u6d41\u5411\u88ab\u8ba4\u4e3a\u4e0e\u957f\u671f\u7ed3\u6784\u6027\u4e3b\u9898\uff08AI \u3001\u8ba1\u7b97\u3001\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\uff09\u76f8\u5173\u7684\u80a1\u7968\uff0c\u5373\u4f7f\u7eaf\u7cb9\u7684\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u52a8\u80fd\u51cf\u5f31\uff0c\u6295\u8d44\u8005\u4e5f\u91cd\u65b0\u5ba1\u89c6\u4e86\u5e95\u5c42\u516c\u53f8\u7684\u57fa\u672c\u9762\u3002<\/p>\n<p>\u603b\u4f53\u800c\u8a00\uff0c2025 \u5e74\u7684\u6a21\u5f0f\u4e3a\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u6295\u8d44\u8005\u5f3a\u8c03\u4e86\u4e24\u4e2a\u5173\u952e\u70b9\uff1a\u9ad8\u53d9\u4e8b\u548c\u4e8b\u4ef6\u98ce\u9669\u53ef\u4ee5\u5728\u540c\u4e00\u884c\u4e1a\u5185\u4ea7\u751f\u5de8\u5927\u7684\u8d62\u5bb6\u548c\u8f93\u5bb6\uff0c\u5e76\u4e14\u968f\u8457\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u516c\u53f8\u7279\u5b9a\u7684\u57fa\u672c\u9762\uff08\u8d44\u4ea7\u8d28\u91cf\u3001\u7a00\u91ca\u98ce\u9669\u3001\u6536\u5165\u7a33\u5b9a\u6027\uff09\u53d8\u5f97\u8d8a\u6765\u8d8a\u5177\u6709\u51b3\u5b9a\u6027\u3002<\/p>\n<blockquote>\n<p><strong>2025 \u5e74\u7684\u5e02\u573a\u8d70\u52bf\u4e3a\u6295\u8d44\u8005\u4e0a\u4e86\u5b9d\u8d35\u7684\u4e00\u8bfe\uff1a\u300c\u53d9\u4e8b\u300d\u53ef\u4ee5\u5e26\u6765\u77ed\u671f\u7684\u7206\u53d1\uff0c\u4f46\u300c\u57fa\u672c\u9762\u300d\u51b3\u5b9a\u4e86\u6700\u7ec8\u7684\u8d62\u5bb6\u3002<\/strong><\/p>\n<\/blockquote>\n<h3><strong>\u6838\u5fc3\u5206\u6790\uff1a\u4e3a\u4f55\u51fa\u73b0\u8fd9\u79cd\u5206\u5316\uff1f<\/strong><\/h3>\n<ul>\n<li>AI \u7684\u5438\u8840\u6548\u5e94\uff1a \u8d44\u91d1\u4ece\u7eaf\u52a0\u5bc6\u8d27\u5e01\uff08\u5982\u5355\u7eaf\u6301\u6709 BTC \u7684\u516c\u53f8\uff09\u6d41\u5411\u4e86\u80fd\u4ea7\u751f\u5b9e\u9645\u751f\u4ea7\u529b\u7684\u7b97\u529b\u57fa\u7840\u8bbe\u65bd\u3002\u77ff\u5de5\u53d8\u8eab\u4e3a\u300c\u80fd\u6e90\u4e0e\u7b97\u529b\u63d0\u4f9b\u5546\u300d\uff0c\u88ab\u89c6\u4e3a AI \u65f6\u4ee3\u7684\u94f2\u5b50\u80a1\uff0c\u4f30\u503c\u903b\u8f91\u4ece\u300c\u5e01\u4ef7\u500d\u6570\u300d\u53d8\u6210\u4e86\u300c\u6570\u636e\u4e2d\u5fc3 EBITDA \u500d\u6570\u300d\u3002<\/li>\n<li>\u6ea2\u4ef7\u6ce1\u6cab\u7834\u88c2\uff1a \u50cf Strategy \u8fd9\u6837\u7684\u516c\u53f8\uff0c\u8fc7\u53bb\u4eab\u53d7\u8457\u6781\u9ad8\u7684\u6ea2\u4ef7\uff08\u6295\u8d44\u8005\u613f\u610f\u82b1 2 \u5757\u94b1\u4e70\u5b83\u6301\u6709\u7684 1 \u5757\u94b1\u6bd4\u7279\u5e01\uff09\u3002\u5230\u4e86 2025 \u5e74\uff0c\u968f\u8457\u6bd4\u7279\u5e01 ETF \u7684\u666e\u53ca\uff0c\u6295\u8d44\u8005\u4e0d\u518d\u9700\u8981\u901a\u8fc7\u4e70\u80a1\u7968\u6765\u95f4\u63a5\u6301\u6709\u6bd4\u7279\u5e01\uff0c\u5bfc\u81f4\u8fd9\u79cd\u6ea2\u4ef7\u8fc5\u901f\u6d88\u5931\uff08\u53bb\u6760\u6746\u5316\uff09\u3002<\/li>\n<li>\u57fa\u672c\u9762\u56de\u5f52\uff1a\u00a0\u5728\u6d41\u52a8\u6027\u6536\u7d27\u6216\u5e02\u573a\u9707\u8361\u671f\uff0c\u6295\u8d44\u8005\u5f00\u59cb\u6311\u5254\u8d44\u4ea7\u8d1f\u503a\u8868\u3002 Fold \u548c Sol Strategies \u7684\u5927\u8dcc\u53cd\u6620\u4e86\u5e02\u573a\u4e0d\u518d\u5bb9\u5fcd\u4e8f\u635f\u6362\u589e\u957f\u7684\u6545\u4e8b\uff0c\u8f6c\u800c\u8981\u6c42\u53ef\u6301\u7eed\u7684\u6536\u5165\u6a21\u578b\u3002<\/li>\n<\/ul>\n<p>2025 \u5e74\u52a0\u5bc6\u8d27\u5e01\u80a1\u7968\u7684\u6d17\u724c\u53cd\u6620\u4e86\u884c\u4e1a\u7684\u6210\u719f\u3002\u7eaf\u7cb9\u7684\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\uff08\u4f8b\u5982\uff0c\u4ee3\u5e01\u6302\u94a9\u6216\u6bd4\u7279\u5e01\u56fd\u5e93\u7b56\u7565\uff0c\u5982 Strategy\/MSTR\uff09\u5728\u6bd4\u7279\u5e01\u4ef7\u683c\u6301\u5e73\u751a\u81f3\u4e0b\u8dcc\u7684\u4e00\u5e74\u4e2d\u8868\u73b0\u4e0d\u4f73\uff0c\u8fd9\u4e3b\u8981\u662f\u7531\u4e8e\u76d1\u7ba1\u65b9\u9762\u7684\u5229\u597d\u672a\u80fd\u5b8c\u5168\u8f6c\u5316\u4e3a\u4ef7\u683c\u4e0a\u6da8\uff0c\u4ee5\u53ca 2024 \u5e74\u4e4b\u540e\u7684\u4e0a\u6da8\u884c\u60c5\u75b2\u8f6f\u6240\u81f4\u3002<\/p>\n<p>\u800c\u50cf\u77ff\u4e1a\u80a1\u8fd9\u6837\u7684\u8d62\u5bb6\u5219\u53d7\u76ca\u4e8e\u5411\u4eba\u5de5\u667a\u6167\/\u8d44\u6599\u4e2d\u5fc3\u9886\u57df\u7684\u591a\u5143\u5316\u6295\u8d44\uff0c\u8fd9\u4e9b\u6295\u8d44\u4e0e\u66f4\u5e7f\u6cdb\u7684\u5e02\u573a\u4e3b\u9898\uff08\u4f8b\u5982\uff0c\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\u3001\u8ba1\u7b97\u9700\u6c42\uff09\u76f8\u5951\u5408\uff0c\u5e76\u4e0e\u52a0\u5bc6\u8d27\u5e01\u7684\u6ce2\u52a8\u6027\u8131\u94a9\u2014\u2014CoinShares \u6bd4\u7279\u5e01\u6316\u77ff ETF \u7684\u6da8\u5e45\u7ea6\u4e3a 90%\uff0c\u5373\u4f7f\u6bd4\u7279\u5e01\u4ef7\u683c\u4e0b\u8dcc\uff0c\u4e5f\u5370\u8bc1\u4e86\u8fd9\u4e00\u70b9\u3002<\/p>\n<p>\u8fd9\u79cd\u4e0e\u6807\u666e 500 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