华尔街对加密货币的投入主导了2025年，但2026年的需求前景如何？

Group 1 - 2025 is expected to be a remarkable year for Bitcoin (BTC) and the broader cryptocurrency market, driven by supportive legislation and Wall Street's acceptance of cryptocurrencies as legitimate asset classes [2] - The total net inflow into spot Bitcoin ETFs reached $57 billion, with total net assets amounting to $114.8 billion [2] - The performance of the cryptocurrency market in early 2026 will depend on the sustainability of adoption by institutions, corporations, and governments [4] Group 2 - Since October, the strong inflow into spot Bitcoin ETFs has noticeably slowed, with some periods experiencing a shift to a sell-side market, leading to a 30% drop in Bitcoin prices and a 50% drop in Ethereum prices [4] - Investor sentiment towards the AI industry and the performance of tech-heavy S&P 500 index are expected to directly impact the cryptocurrency market [4] - The rapid expansion of balance sheets is identified as a key strategy providing strong momentum for tech-related stocks in 2025, with significant investments in data centers and computing capabilities [5] Group 3 - The potential passage of the CLARITY Act is a significant bullish event to watch in early 2026, as it aims to provide clearer regulations for fintech innovators and may encourage more overseas cryptocurrency firms to relocate to the U.S. [5][6] - The CLARITY Act will clarify the jurisdiction of regulatory bodies (SEC and CFTC) over various types of crypto assets and emphasize consumer protection [6] - Expectations of a shift towards a more accommodative monetary policy by the Federal Reserve, including potential rate cuts of up to 100 basis points, could be bullish for risk assets [6] Group 4 - The softening job market and rising costs of goods and services due to tariffs may lead to decreased consumer confidence among retail investors [8] - Investors face a dilemma in early 2026 regarding whether signals of the Federal Reserve's accommodative policy have been priced in or if evolving policies will extend the bullish market from 2025 into the cryptocurrency space [8] - The overall outlook for 2026 appears bullish, influenced by Trump's economic agenda, Federal Reserve policies, and crypto-friendly regulations, but uncertainties surrounding AI developments and the actual impact of rate cuts on consumers and the economy will determine market direction [8]