I firmly believe that a bull market will rise in 2025. The key is whether you have been washed out before then. Hot spots + narrative + cycle + patience.
1. Technological integration: The deep penetration of AI and blockchain.
1. AI agents and automated finance (DeFAI).
One of the core narratives of the 2025 cryptocurrency market is the deep integration of 'AI + DeFi', such as AI agents (like BrahmaFi's ConsoleKit) optimizing DeFi returns through automated strategy execution and risk prediction, similar to the explosive path of DeFi Summer in 2021. At the same time, AI-driven data analysis tools (like DeepSeek) become standard for investor decision-making, changing traditional market game logic.
- Technological breakthroughs: Ethereum Layer 2/L3 performance improvements (like Arbitrum, Scroll) support complex AI models on-chain, while the parallel computing capacity of the Solana ecosystem accelerates the popularization of AI agents.
2. Web3 and AI infrastructure.
The crypto AI computing network (like decentralized GPU leasing) becomes a new track, solving the traditional AI computing power monopoly problem, while the token incentive model promotes data sharing and democratization of model training.
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2. The 'two-way rush' of traditional finance and crypto assets.
1. Institutional-level RWA (real asset tokenization).
The compliance of RWA protocols (like Tradable collaborating with ZKsync to introduce $1.7 billion in credit assets) unlocks traditional financial liquidity, pushing real estate, government bonds, and other assets on-chain to expand the trillion-dollar market, becoming 'new fuel' for the bull market.
2. The boundaries between CeFi and DeFi are becoming blurred.
Coinbase launches BTC collateralized loans, Standard Chartered banks into HKD stablecoins, and traditional institutions accelerate capital inflow through compliant entry points (like Bitcoin ETFs, custodial services), while DeFi protocols (like Aave Pro) reverse infiltrate institutional users.
3. Macroeconomic policy and liquidity catalysis.
1. Global monetary policy shift.
The expectation of interest rate cuts by the Federal Reserve combined with China's fiscal stimulus (like the 12 trillion yuan debt plan, reserve requirement ratio cuts, and interest rate cuts) drives global liquidity easing, leading to an increase in risk asset valuations, with the cryptocurrency market becoming a 'flood discharge area' for funds.
2. Regulatory narrative divergence.
The United States is advancing cryptocurrency legislation (such as speculation on Bitcoin-related executive orders), while Hong Kong is accelerating the issuance of Web3 licenses. Under policy divergence, compliant tracks (stablecoins, custodial services) and privacy protocols (like Aztec) are experiencing parallel explosions.
4. Emerging tracks and the diffusion of wealth effects.
1. The 'evolutionary form' of inscriptions and memes.
The inscription track (BRC-20, Token Extensions of Solana) shifts from speculation to practicality, combining AI-generated content (like NFT + AI art) to form new cultural symbols; meme coins rely on community DAO tools and on-chain derivatives (like prediction markets) to reconstruct value logic.
2. The revival of chain games and the metaverse.
High-performance chains (like Sui, Aptos) support the landing of AAA chain games, while breakthroughs in VR hardware (like Apple's Vision Pro iteration) propel metaverse tokens (like RNDR, ICP) into mainstream narratives.
5. Risks and strategy recommendations.
- Opportunity points: Prioritize layout of AI infrastructure (computing power, data protocols), leading RWA protocols, and compliant stablecoin ecosystems.
- Risk warning: Be wary of AI project bubbles (99% of AI agents may perish) and short-term selling pressure caused by large token unlocks (like SOL, WLD).
📌 Summary: The narrative of the 2025 bull market presents characteristics of 'multi-threaded explosion', with the integration of AI and finance as the main line. The resonance of policy and technology determines the height of the market. Investors need to dynamically balance 'trend betting' and 'risk hedging', using tools like dollar-cost averaging and cross-chain arbitrage to capture structural opportunities.
