报告：83% 的机构投资者计划增加加密货币持有量

On Apr. 13, 2025, a U.S. billionaire and founder of the biggest hedge fund, Bridgewater Associates, Ray Dalio, told NBC’s Meet the Press reporter that “right now we are at a decision-making point and very close to a recession.” Still, he is worried about “something worse than a recession.” He shared his view of a possible upcoming catastrophe and outlined what could be a remedy. Table of Contents“比经济衰退更糟糕”“关税只是一种症状。”达利欧提出了解决方案比特币能成为解决方案吗？ “比经济衰退更糟糕” The Meet the Press reporter asked Dalio to explain what he meant when he said that the tariff problem is a symptom of a greater problem. Dalio indicated several simultaneous issues at once. According to Dalio, these problems are the growing government debt that changes the American monetary order and the internal political conflict that changes the American political order.  On top of it, Dalio said that external conflicts, changing technologies, and natural disasters (like floods, pandemics, etc.) are the factors contributing to instability. He said that tariffs are carried out in a chaotic and “very disruptive” way, lacking quality negotiations, pragmatism, and stability. However, Dalio noted that the outcome would be clear in 90 days, probably due to a pause in tariffs applied by the Trump Administration. Read more:Bitcoin slips despite tariff pause, stock market crash resumes When asked about the probability of a recession, Dalio answered that the recession per se is not something terrible; it’s just two consecutive quarters of negative GDP, while the challenges that America is facing now are more profound, and they may change the domestic and monetary order in the U.S. Dalio compared the upcoming crisis with the 1930s, the Great Depression times.   According to Dalio, if the budget deficit is not regulated, the country will face a supply and demand problem for the U.S. debt. Potentially, it may break the monetary system down. If it happens combined with other challenges mentioned above, the country may slip into a more severe state than it had during the Great Depression years or the 2008 financial crisis. Dalio warned the listeners about the possible internal conflict, saying that it “is not the normal democracy as we know it.” Additionally, Dalio doesn’t exclude the possibility of America’s involvement in an international military conflict. The new crisis may disrupt the world order created in 1945. “Tariffs are only a symptom.” In the Meet The Press interview, Dalio didn’t provide any details on how he sees the future crisis. Days before this interview, Dalio shared a popular long X post titled “Don’t Make the Mistake of Thinking That What’s Now Happening is Mostly About Tariffs.” In the first lines of the post, Dalio stresses that tariffs are only a symptom of the bigger issue. The large debt is what sets a dangerous imbalance in the world’s economy.  以下是他对当前世界秩序不稳定性的看法： 旧的货币/经济秩序——像中国这样的国家以低成本制造产品，向美国人销售，并购买美国债务资产，而美国人则从像中国这样的国家借钱进行购买，最终积累巨额债务——必须改变。这种显然不可持续的局面更加难以为继，因为它们导致美国制造业衰退，不仅掏空了美国中产阶级的就业岗位，还迫使美国从这个日益被视为敌人的国家进口所需物资。 特朗普关税政策唯一可能带来的积极结果是，它将通过吸引制造商回流美国来刺激美国的技术发展。然而，由于其他因素，美国将经历几个颠覆性的过程。达利欧认为，旧体系无法生存，政府最终是选择轻松还是艰难地放弃它，取决于政府。 雷并没有错，但他只是没有自由地说出我能说的话。是的，关税只是次要问题。This isn’t about policy tweaks.It’s the controlled demolition of a dying global system built on cheap Chinese labor, Wall Street debt games, and Washington sellouts.Ray sees the Big…— blockbuster von doosh (@thedooosh) April 8, 2025 Despite the fact that Dalio is very critical of the way the tariffs were deployed, some of his commenters still found a way to see Trump’s policy as a remedy for the crisis described by Dalio. However, the billionaire offers his own vision of how to stop the crisis. 达利欧提出了解决方案 达利欧不仅预见了各种挑战，还概述了防止“比经济衰退更糟糕”的危机发生的方法。桥水基金创始人认为，国会应该做出“3%的承诺”，将预算赤字削减至3%。 尽管达利欧对当前的问题非常担忧，但他仍然相信有出路。达利欧认为，如果政府不尽快采取行动，赤字将升至7%，并引发其他负面因素，最终扰乱美国货币体系。 比特币能成为解决方案吗？ Dalio 对加密货币并不保守，他的投资组合中也持有一些。显然，他并不认为加密货币是普遍的避险资产，而是一个有趣的新资产类别，可以分散他的投资组合。Dalio 表示，他更喜欢黄金而不是加密货币。这两种资产今年都创下了历史新高。 Dalio’s reservations about Bitcoin include crypto’s transparency (the government knows what Dalio holds and can tax him) and volatility. According to Dalio, Bitcoin cannot be a reserve currency as it is rather a speculative asset.  Donald Trump and Michael Saylor explore Bitcoin’s potential to devour the U.S. national debt, which is the root of all evil, judging by what Dalio writes and says. If Trump and Saylor are right, Bitcoin may save America from a crisis that is worse than a recession. However, Larry Fink of BlackRock warns about the opposite: the U.S. debt may undermine America’s global leadership in crypto. You might also like:BlackRock CEO warns US debt could weaken dollar’s global role to Bitcoin

Avenir Group 扩大了其比特币持有量，报告称其在贝莱德 iShares 比特币信托中持有 5.99 亿美元。 Avenir 的 13F 文件披露了其风险敞口的增加，该文件详细说明了机构投资，包括资产头寸和估值。这一激增与 IBIT 的快速增长相一致，后者目前管理着 560 亿美元的资产。 贝莱德比特币 (BTC) ETF 的增长反映了机构对加密货币投资的兴趣日益浓厚。Avenir 扩大持股比例凸显了其对受监管数字资产投资产品日益增长的需求的战略押注。 该公司还披露，其持有富达 Wise Origin 比特币基金 52,544 股，价值 420 万美元。 Avenir Group 是一家机构家族理财室和投资管理公司，致力于通过金融技术创新投资新兴技术。他们在香港、美国、英国、日本和新加坡设有办事处。 该公司涉足传统金融和数字资产领域的多资产类别、多策略投资。 你可能还喜欢：威斯康星州和阿布扎比披露数亿美元比特币 ETF 效仿巴克莱 英国机构巴克莱银行也收购了 2,473,064 股 IBIT 股票，进入比特币 ETF 市场。 此次购买发生在 2024 年第四季度，即 10 月至 12 月，当时美国总统唐纳德·特朗普 (Donald Trump) 的支持比特币立场推动了大选后比特币价格飙升。

奈杰尔格林认为，唐纳德特朗普正在对美联储发动一场“安静而持续的战争”，不是通过直接对抗，而是通过重塑美国宏观经济政策的基础。 金融咨询公司 DeVere Group 的首席执行官格林在给 crypto.news 的一份声明中表示，美国总统唐纳德·特朗普的关税和贸易战占据了新闻头条，而有两种被忽视的策略却是总统经济政策的核心：稳定币和廉价石油。 格林说：“它们是特朗普宏观经济学的双重工具：数字货币主导和实体价格抑制。” 稳定币作为货币主导地位的武器 格林认为，收益型稳定币（通过代币化国库券产生利息的数字美元资产）的崛起是特朗普第二任期经济议程的基石。 这些稳定币的作用不仅仅是反映美元的价值。它们通过向各种规模的持有者（包括散户投资者、去中心化金融平台和机构）提供收益，创造了对美元的新需求。 “这是变革性的，”格林解释道。“这意味着任何人——包括散户用户、全球投资者、DeFi 平台——都可以持有以美元为基础的资产并赚取利息，而且通常是自动且无缝的。” 格林认为，该战略有三个目的： 刺激对美国国债的需求，在赤字膨胀的情况下支撑美国债务市场。 通过市场机制而非美联储政策激励收益率来抑制利率，这是特朗普的长期目标。 巩固美元作为未来数字储备货币的主导地位。 阅读更多：Ari10 首席执行官称特朗普的 1 美元策略是“美元扩张”，而不是对区块链的热爱 石油作为控制通胀的杠杆 虽然稳定币代表了一种数字战略，但石油仍然是特朗普最熟悉的经济工具。 Green argues that Trump views cheap oil not just as economic stimulus, but as a weapon for inflation control. By pushing for lower prices, through increased domestic production, diplomatic pressure, and market influence, Trump aims to keep business costs low and reduce the need for central bank intervention. “Cheap oil fuels everything,” Green says. “It’s inflation control by brute force.” 绕过美联储 通过操纵需求（数字收益）和供应（能源价格），特朗普正在创建一种替代性的宏观经济管理体系，一种避开美联储传统工具的体系。 “他不会解雇杰伊·鲍威尔，”格林总结道。“他正在建立一个平行系统。它非常连贯。” 随着 2024 年选举周期的加剧，这些策略可能预示着特朗普如何在不改变美联储领导层的情况下重塑美国货币政策。 你可能还喜欢：Trump’s Liberation Day could lift Bitcoin and altcoin prices

Crypto.com has opened an office in Washington D.C., capitalizing on a more favorable U.S. regulatory climate after the recent closure of SEC investigation without charges. As originally reported by Crypto in America, Singapore-based crypto exchange Crypto.com has doubled down on its U.S. operations by opening an office in Washington, situated near the White House. “With a maturing regulatory environment under the current Administration’s leadership, building out our presence and workforce in the nation’s capital will support our collective efforts in responsibly advancing our business and the sector.” said Matt David, President of North America and Chief Corporate Affairs Officer at Crypto.com. Prior to that, Crypto.com had already taken steps to deepen its connections in Washington. In April, the company partnered with Trump Media to launch a suite of crypto ETPs, expected to debut later this year. CEO Kris Marszalek has also forged ties with President Trump and participated in the White House Crypto Summit in March. The D.C. expansion follows Crypto.com’s recent relocation of its North American headquarters to Tyler, Texas, where it now operates from the Plaza Tower in Downtown Tyler. You might also like:Trump Media teams up with Crypto.com to launch digital asset ETFs Crypto.com’s expansion into Washington D.C. comes after the U.S. regulatory climate had recently shifted in the exchange’s favor. In late March, the U.S. Securities and Exchange Commission formally closed its investigation into Crypto.com without bringing any charges. Outside U.S., Crypto.com is currently drawing attention in Europe for the recent launch of a European ETP that provides exposure to its native Cronos (CRO) token by 21Shares. The ETP is now listed on the Euronext exchanges in Paris and Amsterdam, expanding access for institutional investors. You might also like:21Shares launches ETP giving exposure to Crypto.com’s CRO

A new report shows Crypto Valley’s five-year compound growth rate hit 18.8%, with Zug remaining the hub of Switzerland’s 1,749 blockchain firms. Crypto Valley, the blockchain hub covering Switzerland and Liechtenstein, has grown by 132% since 2020 and now includes 1,749 active companies, according to the latest CV VC Crypto Valley Company & Industry Report shared with crypto.news. The report shows that the number of blockchain firms in Zug grew 14% over the past year, bringing its share to over 40% of all web3 companies. Zürich is next with 15%, while regions like Ticino, Geneva, and Luzern are also seeing steady growth. Crypto firms in Switzerland by category | Source: CV VC You might also like:International grocery chain Spar pilots Bitcoin payments in Switzerland Mathias Ruch, chief executive of CV VC, says the latest figures “highlight how Crypto Valley maintains its leading role in the global blockchain sector,” adding that “over the past five years, Crypto Valley has weathered global challenges, evolved, and diversified while growing at a CAGR of 18.8%.” Infrastructure and financial services are the largest sectors in Crypto Valley, accounting for 20% and 18% of firms respectively, followed by consulting and advisory at 17%. Commenting on the report’s findings, Heinz Tännler, president of the Swiss Blockchain Federation, said the data “proves that the Swiss blockchain industry is not only nationally relevant but also of global strategic importance.” Legal structures are also shifting. While most firms are still corporations or LLCs, associations and foundations made up over 20% of new filings in 2024. Read more:UAE and Switzerland lead as premier locations with no crypto tax, research finds