{"id":201744,"date":"2025-08-01T04:47:56","date_gmt":"2025-08-01T04:47:56","guid":{"rendered":"https:\/\/cryptonews.com\/cn\/?p=201744"},"modified":"2025-08-01T04:47:56","modified_gmt":"2025-08-01T04:47:56","slug":"traditional-finance-underestimates-crypto-bitcoin-structural-demand","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/cn\/news\/traditional-finance-underestimates-crypto-bitcoin-structural-demand\/","title":{"rendered":"\u4f20\u7edf\u91d1\u878d\u4e1a\u4f4e\u4f30\u52a0\u5bc6\u8d44\u4ea7\u6f5c\u529b \u5c24\u5176\u5ffd\u89c6\u6bd4\u7279\u5e01\u7ed3\u6784\u6027\u9700\u6c42"},"content":{"rendered":"<p>\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8 Bitwise \u7684\u9996\u5e2d\u6295\u8d44\u5b98 Matt Hougan \u4e8e 7 \u6708 30 \u65e5\u6307\u51fa\uff0c\u4f20\u7edf\u91d1\u878d\u673a\u6784\u666e\u904d\u8bef\u89e3\u4e86\u52a0\u5bc6\u8d44\u4ea7\u7684\u521b\u65b0\u6f5c\u529b\u3002<\/p><p>Hougan \u8ba4\u4e3a\uff0c\u4f20\u7edf\u91d1\u878d\u4e1a\u4f4e\u4f30\u4e86 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\u867d\u5b58\u5728\u8bf8\u591a\u6311\u6218\uff0c\u4f46\u5982\u4eca\u5df2\u6b65\u5165 \u201cDeFi 2.0\u201d \u9636\u6bb5\uff0c\u5f00\u59cb\u4e0e\u4f20\u7edf\u91d1\u878d\u4ea7\u751f\u534f\u540c\u6548\u5e94\u3002<\/p><p>\u5927\u578b\u91d1\u878d\u673a\u6784\u5df2\u7740\u624b\u5e03\u5c40\u533a\u5757\u94fe\u6280\u672f\uff0c\u4f8b\u5982\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09 \u548c \u5bcc\u5170\u514b\u6797\u00b7\u9093\u666e\u987f\uff08Franklin Templeton\uff09 \u5df2\u63a8\u51fa\u57fa\u4e8e\u4ee5\u592a\u574a\u7684\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff0c\u663e\u793a\u4f20\u7edf\u91d1\u878d\u5f00\u59cb\u8ba4\u53ef\u52a0\u5bc6\u6280\u672f\u7684\u5b9e\u9645\u5e94\u7528\u4ef7\u503c\u3002<\/p><p>\u6b64\u5916\uff0c\u7a33\u5b9a\u5e01\u6b63\u6210\u4e3a\u8fde\u63a5\u4f20\u7edf\u91d1\u878d\u4e0e\u52a0\u5bc6\u4e16\u754c\u7684\u91cd\u8981\u6865\u6881\u3002<\/p><p>Hougan 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\u4e07\u679a\u3002\u8fd9\u79cd\u4f9b\u9700\u6839\u672c\u6027\u5931\u8861\uff0c\u9020\u5c31\u4e86\u5386\u53f2\u4e0a\u6781\u5177\u5438\u5f15\u529b\u7684\u98ce\u9669\u56de\u62a5\u7279\u5f81\u3002\u57fa\u4e8e\u4f9b\u5e94\u9650\u5236\u4e0e\u673a\u6784\u6295\u8d44\u8005\u91c7\u7528\u7387\u63d0\u5347\uff0cHougan \u7ef4\u6301\u5176\u9884\u6d4b\u2014\u2014\u6bd4\u7279\u5e01\u4ef7\u683c\u6709\u671b\u5728 2025 \u5e74\u5347\u81f3 20 \u4e07\u7f8e\u5143\u3002\u4e0e\u4f20\u7edf\u91d1\u878d\u673a\u6784\u5468\u671f\u6027\u5173\u6ce8\u4e0d\u540c\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u6b63\u6301\u7eed\u642d\u5efa\u957f\u671f\u57fa\u7840\u8bbe\u65bd\uff0c\u4e3a\u5e02\u573a\u6210\u719f\u5960\u5b9a\u6839\u57fa\u3002DeFi \u4e0e\u4f20\u7edf\u91d1\u878d\u7684\u878d\u5408Hougan \u8fd8\u8c08\u53ca DeFi\uff08\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff09 \u7684\u53d1\u5c55\u3002\u4ed6\u6307\u51fa\uff0c\u65e9\u671f DeFi \u867d\u5b58\u5728\u8bf8\u591a\u6311\u6218\uff0c\u4f46\u5982\u4eca\u5df2\u6b65\u5165 \u201cDeFi 2.0\u201d \u9636\u6bb5\uff0c\u5f00\u59cb\u4e0e\u4f20\u7edf\u91d1\u878d\u4ea7\u751f\u534f\u540c\u6548\u5e94\u3002\u5927\u578b\u91d1\u878d\u673a\u6784\u5df2\u7740\u624b\u5e03\u5c40\u533a\u5757\u94fe\u6280\u672f\uff0c\u4f8b\u5982\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09 \u548c \u5bcc\u5170\u514b\u6797\u00b7\u9093\u666e\u987f\uff08Franklin Templeton\uff09 \u5df2\u63a8\u51fa\u57fa\u4e8e\u4ee5\u592a\u574a\u7684\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff0c\u663e\u793a\u4f20\u7edf\u91d1\u878d\u5f00\u59cb\u8ba4\u53ef\u52a0\u5bc6\u6280\u672f\u7684\u5b9e\u9645\u5e94\u7528\u4ef7\u503c\u3002\u6b64\u5916\uff0c\u7a33\u5b9a\u5e01\u6b63\u6210\u4e3a\u8fde\u63a5\u4f20\u7edf\u91d1\u878d\u4e0e\u52a0\u5bc6\u4e16\u754c\u7684\u91cd\u8981\u6865\u6881\u3002Hougan 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