{"id":722,"date":"2025-10-17T05:56:27","date_gmt":"2025-10-16T20:56:27","guid":{"rendered":"https:\/\/www.kabutec.jp\/blog\/?p=722"},"modified":"2025-10-17T05:56:27","modified_gmt":"2025-10-16T20:56:27","slug":"%e4%bb%ae%e6%83%b3%e9%80%9a%e8%b2%a8%e5%b8%82%e5%a0%b4%e3%81%ae%e4%b8%8b%e8%90%bd%e8%a6%81%e5%9b%a0%ef%bc%9a2025%e5%b9%b410%e6%9c%88%e3%81%ae%e8%a9%b3%e7%b4%b0%e5%88%86%e6%9e%90","status":"publish","type":"post","link":"https:\/\/www.kabutec.jp\/blog\/?p=722","title":{"rendered":"\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u306e\u4e0b\u843d\u8981\u56e0\uff1a2025\u5e7410\u6708\u306e\u8a73\u7d30\u5206\u6790"},"content":{"rendered":"\n<p>2025\u5e7410\u6708\u306e\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u306f\u3001\u53f2\u4e0a\u6700\u9ad8\u5024\u3092\u8a18\u9332\u3057\u305f\u76f4\u5f8c\u306b<strong>\u53f2\u4e0a\u6700\u5927\u306e\u6e05\u7b97\u30a4\u30d9\u30f3\u30c8<\/strong>\u3092\u7d4c\u9a13\u3057\u3001\u73fe\u5728\u306f\u56de\u5fa9\u57fa\u8abf\u306b\u3042\u308b\u3002\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f10\u67086-7\u65e5\u306b126,000\u30c9\u30eb\u8d85\u306e\u53f2\u4e0a\u6700\u9ad8\u5024\u3092\u8a18\u9332\u3057\u305f\u304c\u300110\u670810-11\u65e5\u306b102,000\u30c9\u30eb\u307e\u3067\u6025\u843d\u3002<strong>191\u5104\u30c9\u30eb\uff08\u7d042.8\u5146\u5186\uff09\u306e\u5f37\u5236\u6e05\u7b97<\/strong>\u304c\u767a\u751f\u3057\u3001160\u4e07\u4eba\u306e\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u5f71\u97ff\u3092\u53d7\u3051\u305f\u3002\u73fe\u5728\u306f114,000\u30c9\u30eb\u524d\u5f8c\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6700\u8fd1\u306e\u4fa1\u683c\u52d5\u5411\u3068\u5e02\u5834\u30c8\u30ec\u30f3\u30c9<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2025\u5e7410\u6708\u306e\u5287\u7684\u306a\u5909\u52d5<\/h3>\n\n\n\n<p>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f10\u6708\u4e0a\u65ec\u306b<strong>\u53f2\u4e0a\u6700\u9ad8\u5024126,200\u30c9\u30eb<\/strong>\u3092\u8a18\u9332\u3057\u3001\u5e02\u5834\u5168\u4f53\u306e\u6642\u4fa1\u7dcf\u984d\u306f4.3\u5146\u30c9\u30eb\u3092\u8d85\u3048\u305f\u3002\u3057\u304b\u305710\u670810\u65e5\u3001\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u4e2d\u56fd\u88fd\u54c1\u306b\u5bfe\u3059\u308b<strong>100%\u306e\u8ffd\u52a0\u95a2\u7a0e<\/strong>\u3092\u767a\u8868\u3057\u305f\u3053\u3068\u3092\u304d\u3063\u304b\u3051\u306b\u3001\u5e02\u5834\u306f\u6025\u843d\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong>\u4e3b\u8981\u901a\u8ca8\u306e\u4fa1\u683c\u5909\u52d5\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3<\/strong>: 122,500\u30c9\u30eb \u2192 102,000\u30c9\u30eb\uff0815-19%\u4e0b\u843d\uff09\u2192 \u73fe\u5728114,000\u30c9\u30eb<\/li>\n\n\n\n<li><strong>\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0<\/strong>: 4,600\u30c9\u30eb \u2192 3,500\u30c9\u30eb\uff0821-24%\u4e0b\u843d\uff09\u2192 \u73fe\u57284,100-4,400\u30c9\u30eb<\/li>\n\n\n\n<li><strong>XRP<\/strong>: 19%\u4e0b\u843d\u3001<strong>Solana<\/strong>: 30%\u4e0b\u843d\u3001<strong>Cardano<\/strong>: 25%\u4e0b\u843d<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2024\u5e74\u5f8c\u534a\u304b\u30892025\u5e74\u307e\u3067\u306e\u5e02\u5834\u63a8\u79fb<\/h3>\n\n\n\n<p><strong>2024\u5e74\u7b2c4\u56db\u534a\u671f\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>11\u6708\u306e\u7c73\u5927\u7d71\u9818\u9078\u6319\u5f8c\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f89,000\u30c9\u30eb\u306b\u5230\u9054<\/li>\n\n\n\n<li>ETF\u627f\u8a8d\u306b\u3088\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53c2\u5165\u304c\u52a0\u901f<\/li>\n\n\n\n<li>\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306f3,000\u30c9\u30eb\u3092\u7a81\u7834<\/li>\n<\/ul>\n\n\n\n<p><strong>2025\u5e74\u306e\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>1\u6708\u304b\u30899\u6708\u307e\u3067\u5805\u8abf\u306a\u4e0a\u6607\u3092\u7d99\u7d9a<\/li>\n\n\n\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3ETF\u3078\u306e\u7d14\u6d41\u5165\u984d\u306f<strong>576\u5104\u30c9\u30eb<\/strong>\uff089\u6708\u672b\u6642\u70b9\uff09<\/li>\n\n\n\n<li>8\u670824\u65e5\u306b\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u304c4,946\u30c9\u30eb\u306eATH\u3092\u8a18\u9332<\/li>\n\n\n\n<li>\u5e02\u5834\u5168\u4f53\u306e\u6642\u4fa1\u7dcf\u984d\u304c2021\u5e74\u306e\u9ad8\u5024\u3092\u7a81\u7834<\/li>\n<\/ul>\n\n\n\n<p><strong>\u73fe\u5728\u306e\u5e02\u5834\u72b6\u6cc1\uff0810\u670816\u65e5\uff09\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>\u7dcf\u6642\u4fa1\u7dcf\u984d: 3.76-3.98\u5146\u30c9\u30eb\uff08\u30d4\u30fc\u30af\u304b\u3089\u7d045,600\u5104\u30c9\u30eb\u6e1b\u5c11\uff09<\/li>\n\n\n\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u652f\u914d\u7387: 57.3%\uff082021\u5e74\u4ee5\u964d\u6700\u9ad8\u6c34\u6e96\uff09<\/li>\n\n\n\n<li>\u6050\u6016\u30fb\u5f37\u6b32\u6307\u6570: 28\uff08\u6050\u6016\u30be\u30fc\u30f3\uff09\u300110\u6708\u521d\u65ec\u306e\u300c\u6975\u5ea6\u306e\u5f37\u6b32\u300d\u304b\u3089\u6025\u5909<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e0b\u843d\u306e\u4e3b\u306a\u8981\u56e0\uff1a\u5305\u62ec\u7684\u5206\u6790<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0<\/h3>\n\n\n\n<p><strong>\u7c73\u30c9\u30eb\u9ad8\u3068\u91d1\u5229\u653f\u7b56\u306e\u5f71\u97ff<\/strong><\/p>\n\n\n\n<p>\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u306f9\u670817\u65e5\u306b\u653f\u7b56\u91d1\u5229\u309225\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u5f15\u304d\u4e0b\u3052\u3001**4.00-4.25%**\u3068\u3057\u305f\u3002\u3053\u308c\u306f2025\u5e74\u521d\u306e\u5229\u4e0b\u3052\u3067\u3042\u308a\u3001\u901a\u5e38\u306f\u30ea\u30b9\u30af\u8cc7\u7523\u306b\u3068\u3063\u3066\u30d7\u30e9\u30b9\u8981\u56e0\u3068\u306a\u308b\u3002\u3057\u304b\u3057\u3001FRB\u306f\u4eca\u5f8c\u306e\u5229\u4e0b\u3052\u30da\u30fc\u30b9\u3092\u5f53\u521d\u306e\u4e88\u60f3\u3088\u308a\u7de9\u3084\u304b\u306b\u3059\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3001\u5e02\u5834\u306b\u300c\u30bf\u30ab\u6d3e\u7684\u306a\u5229\u4e0b\u3052\u300d\u3068\u3057\u3066\u53d7\u3051\u6b62\u3081\u3089\u308c\u305f\u3002<\/p>\n\n\n\n<ul>\n<li><strong>10\u5e74\u56fd\u50b5\u5229\u56de\u308a<\/strong>: 4.05%\u3067\u63a8\u79fb\uff0810\u670816\u65e5\u6642\u70b9\uff09<\/li>\n\n\n\n<li><strong>\u7c73\u30c9\u30eb\u6307\u6570\uff08DXY\uff09<\/strong>: 98.3-98.6\u3001\u5e74\u521d\u6765\u3067\u7d0410%\u4e0b\u843d\u3057\u305f\u3082\u306e\u306e\u6700\u8fd1\u306f\u5b89\u5b9a\u5316<\/li>\n\n\n\n<li><strong>\u30a4\u30f3\u30d5\u30ec\u7387<\/strong>: 8\u6708\u6642\u70b9\u30672.9%\uff08FRB\u306e\u76ee\u6a19\u3067\u3042\u308b2%\u3092\u4e0a\u56de\u308b\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>\u666f\u6c17\u5f8c\u9000\u61f8\u5ff5\u306e\u9ad8\u307e\u308a<\/strong><\/p>\n\n\n\n<p>\u8907\u6570\u306e\u91d1\u878d\u6a5f\u95a2\u304c\u7c73\u56fd\u306e\u666f\u6c17\u5f8c\u9000\u78ba\u7387\u3092\u5927\u5e45\u306b\u5f15\u304d\u4e0a\u3052\u3066\u3044\u308b\uff1a<\/p>\n\n\n\n<ul>\n<li><strong>IMF<\/strong>: 40%\uff08\u5f93\u6765\u306e25%\u304b\u3089\u4e0a\u6607\uff09<\/li>\n\n\n\n<li><strong>JP\u30e2\u30eb\u30ac\u30f3<\/strong>: 40%<\/li>\n\n\n\n<li><strong>\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9<\/strong>: 45%<\/li>\n<\/ul>\n\n\n\n<p>\u56fd\u969b\u901a\u8ca8\u57fa\u91d1\uff08IMF\uff09\u306f2025\u5e74\u306e\u4e16\u754c\u7d4c\u6e08\u6210\u9577\u7387\u3092<strong>3.2%\u306b\u4e0b\u65b9\u4fee\u6b63\u3002\u56fd\u9023\u8cbf\u6613\u958b\u767a\u4f1a\u8b70\uff08UNCTAD\uff09\u306f2.3%\u3068\u4e88\u6e2c\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u4e16\u754c\u7684\u306a\u666f\u6c17\u5f8c\u9000\u3092\u793a\u5506\u3059\u308b2.5%\u3092\u4e0b\u56de\u308b<\/strong>\u6c34\u6e96\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7c73\u4e2d\u8cbf\u6613\u6226\u4e89\u306e\u6fc0\u5316<\/strong><\/p>\n\n\n\n<p>10\u670810\u65e5\u306e\u6025\u843d\u306e\u76f4\u63a5\u7684\u306a\u5f15\u304d\u91d1\u3068\u306a\u3063\u305f\u306e\u306f\u3001\u5730\u653f\u5b66\u7684\u7dca\u5f35\u306e\u9ad8\u307e\u308a\u3067\u3042\u308b\uff1a<\/p>\n\n\n\n<ul>\n<li><strong>10\u67089\u65e5<\/strong>: \u4e2d\u56fd\u304c12\u7a2e\u985e\u306e\u30ec\u30a2\u30a2\u30fc\u30b9\u91d1\u5c5e\u306e\u8f38\u51fa\u898f\u5236\u3092\u767a\u8868\uff0812\u67081\u65e5\u767a\u52b9\uff09<\/li>\n\n\n\n<li><strong>10\u670810\u65e5<\/strong>: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u5831\u5fa9\u63aa\u7f6e\u3068\u3057\u3066\u4e2d\u56fd\u88fd\u54c1\u306b\u5bfe\u3059\u308b<strong>100%\u306e\u8ffd\u52a0\u95a2\u7a0e<\/strong>\u3092\u767a\u8868\uff0811\u67081\u65e5\u767a\u52b9\uff09<\/li>\n\n\n\n<li><strong>10\u670814\u65e5<\/strong>: \u65b0\u305f\u306a\u6e2f\u6e7e\u4f7f\u7528\u6599\u304c\u767a\u52b9\uff08\u4e2d\u56fd\u6240\u6709\u8239\u8236\u306b1\u30c8\u30f3\u5f53\u305f\u308a50\u30c9\u30eb\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u767a\u8868\u306b\u3088\u308a\u3001S&amp;P500\u6307\u6570\u30821.59%\u4e0b\u843d\u3057\u3001\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u3068\u306e\u9ad8\u3044\u76f8\u95a2\u95a2\u4fc2\u304c\u9855\u8457\u306b\u73fe\u308c\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u898f\u5236\u95a2\u9023\u306e\u30cb\u30e5\u30fc\u30b9<\/h3>\n\n\n\n<p><strong>\u7c73\u56fd\uff1a\u898f\u5236\u74b0\u5883\u306e\u5287\u7684\u306a\u6539\u5584<\/strong><\/p>\n\n\n\n<p>2024\u5e74\u5f8c\u534a\u304b\u30892025\u5e74\u306b\u304b\u3051\u3066\u3001\u7c73\u56fd\u306e\u898f\u5236\u74b0\u5883\u306f<strong>\u53d6\u7de0\u308a\u91cd\u8996\u304b\u3089\u660e\u78ba\u306a\u30eb\u30fc\u30eb\u4f5c\u308a<\/strong>\u3078\u3068\u5927\u304d\u304f\u8ee2\u63db\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong>\u4e3b\u8981\u306a\u898f\u5236\u9032\u5c55\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>GENIUS\u6cd5<\/strong>: \u6210\u7acb\u3002\u30c7\u30b8\u30bf\u30eb\u5546\u54c1\u306e\u6cd5\u7684\u5b9a\u7fa9\u3092\u78ba\u7acb\u3057\u3001\u5546\u54c1\u5148\u7269\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08CFTC\uff09\u306b\u898f\u5236\u6a29\u9650\u3092\u4ed8\u4e0e<\/li>\n\n\n\n<li><strong>CLARITY\u6cd5<\/strong>: \u4e0b\u9662\u3092\u901a\u904e\u3001\u4e0a\u9662\u3067\u5be9\u8b70\u4e2d<\/li>\n\n\n\n<li><strong>\u9280\u884c\u898f\u5236\u306e\u7de9\u548c<\/strong>: SAB 121\u306e\u64a4\u56de\u306b\u3088\u308a\u3001\u9280\u884c\u304c\u4eee\u60f3\u901a\u8ca8\u30ab\u30b9\u30c8\u30c7\u30a3\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u53ef\u80fd\u306b<\/li>\n\n\n\n<li><strong>ETF\u627f\u8a8d\u306e\u52a0\u901f<\/strong>: 9\u67087\u65e5\u306b\u4e00\u822c\u7684\u306a\u4e0a\u5834\u57fa\u6e96\u304c\u627f\u8a8d\u3055\u308c\u3001\u627f\u8a8d\u671f\u9593\u304c240\u65e5\u304b\u308975\u65e5\u306b\u77ed\u7e2e<\/li>\n<\/ul>\n\n\n\n<p><strong>ETF\u95a2\u9023\u306e\u91cd\u8981\u306a\u52d5\u304d\uff1a<\/strong><\/p>\n\n\n\n<p>10\u6708\u306f\u300cETF October\u300d\u3068\u547c\u3070\u308c\u3001<strong>16\u4ef6\u306e\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3ETF\u7533\u8acb<\/strong>\u304cSEC\u306e\u5be9\u67fb\u5f85\u3061\u3068\u306a\u3063\u3066\u3044\u308b\uff1a<\/p>\n\n\n\n<ul>\n<li>\u30bd\u30e9\u30ca\uff08SOL\uff09\u3001XRP\u3001\u30e9\u30a4\u30c8\u30b3\u30a4\u30f3\uff08LTC\uff09\u3001\u30c9\u30fc\u30b8\u30b3\u30a4\u30f3\uff08DOGE\uff09\u3001\u30ab\u30eb\u30c0\u30ce\uff08ADA\uff09\u306a\u3069<\/li>\n\n\n\n<li><strong>10\u670823\u65e5<\/strong>: \u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0ETF\u306e\u6c7a\u5b9a\u671f\u9650<\/li>\n\n\n\n<li>\u30a2\u30ca\u30ea\u30b9\u30c8\u306f\u3001SOL ETF\u306e\u627f\u8a8d\u78ba\u7387\u3092100%\u3001XRP ETF\u309295%\u3068\u4e88\u6e2c<\/li>\n<\/ul>\n\n\n\n<p><strong>\u6b27\u5dde\u9023\u5408\uff1aMiCA\u898f\u5236\u306e\u5b9f\u65bd<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>2024\u5e7412\u670830\u65e5<\/strong>: EU\u516827\u52a0\u76df\u56fd\u3067\u5168\u9762\u9069\u7528\u958b\u59cb<\/li>\n\n\n\n<li>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u306f<strong>1:1\u306e\u5b8c\u5168\u6e96\u5099\u91d1\u4fdd\u6709<\/strong>\u304c\u7fa9\u52d9\u4ed8\u3051<\/li>\n\n\n\n<li>\u4eee\u60f3\u8cc7\u7523\u30b5\u30fc\u30d3\u30b9\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\uff08CASP\uff09\u306b\u306f\u30e9\u30a4\u30bb\u30f3\u30b9\u53d6\u5f97\u304c\u5fc5\u9808<\/li>\n\n\n\n<li>\u30c6\u30b6\u30fc\uff08USDT\uff09\u306a\u3069\u306e\u975e\u6e96\u62e0\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001EU\u9867\u5ba2\u5411\u3051\u306b\u4e00\u90e8\u53d6\u5f15\u6240\u304b\u3089\u4e0a\u5834\u5ec3\u6b62\u306e\u53ef\u80fd\u6027<\/li>\n<\/ul>\n\n\n\n<p><strong>\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u306e\u898f\u5236\u5f37\u5316<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>\u9999\u6e2f<\/strong>: 8\u67081\u65e5\u306b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u898f\u5236\u3092\u65bd\u884c\u3001\u5e74\u672b\u307e\u3067\u306b\u30e9\u30a4\u30bb\u30f3\u30b9\u5236\u5ea6\u3092\u6574\u5099\u4e88\u5b9a<\/li>\n\n\n\n<li><strong>\u97d3\u56fd<\/strong>: 6\u6708\u306b\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u57fa\u672c\u6cd5\u6848\u3092\u63d0\u51fa\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b5\u5104\u30a6\u30a9\u30f3\uff08\u7d0436\u4e07\u30c9\u30eb\uff09\u306e\u8cc7\u672c\u8981\u4ef6<\/li>\n\n\n\n<li><strong>\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb<\/strong>: 2024\u5e74\u306b13\u306e\u65b0\u898f\u30e9\u30a4\u30bb\u30f3\u30b9\u3092\u767a\u884c\uff08\u7d2f\u8a0829\u30e9\u30a4\u30bb\u30f3\u30b9\uff09<\/li>\n\n\n\n<li><strong>\u65e5\u672c<\/strong>: \u65e2\u5b58\u306e\u53b3\u683c\u306a\u898f\u5236\u67a0\u7d44\u307f\u3092\u7dad\u6301<\/li>\n<\/ul>\n\n\n\n<p>\u898f\u5236\u306e\u660e\u78ba\u5316\u81ea\u4f53\u306f\u9577\u671f\u7684\u306b\u306f\u30dd\u30b8\u30c6\u30a3\u30d6\u8981\u56e0\u3060\u304c\u3001\u77ed\u671f\u7684\u306b\u306f<strong>\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30b3\u30b9\u30c8\u306e\u5897\u52a0<\/strong>\u3084\u4e00\u90e8\u30b5\u30fc\u30d3\u30b9\u306e\u5229\u7528\u5236\u9650\u306b\u3088\u308a\u3001\u5e02\u5834\u53c2\u52a0\u8005\u306b\u8abf\u6574\u5727\u529b\u3092\u3082\u305f\u3089\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6280\u8853\u7684\u8981\u56e0\u3068\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30a4\u30f3\u30b7\u30c7\u30f3\u30c8<\/h3>\n\n\n\n<p><strong>2025\u5e74\u4e0a\u534a\u671f\u306e\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u72b6\u6cc1<\/strong><\/p>\n\n\n\n<p>2025\u5e741\u6708\u304b\u30896\u6708\u306b\u304b\u3051\u3066\u3001\u4eee\u60f3\u901a\u8ca8\u696d\u754c\u306f<strong>24.7\u5104\u30c9\u30eb\uff08\u7d043,600\u5104\u5186\uff09\u306e\u640d\u5931\u3092\u8a18\u9332\u3057\u305f\u3002\u3053\u308c\u306f2024\u5e74\u901a\u5e74\u306e\u640d\u5931\u984d\uff0824.2\u5104\u30c9\u30eb\uff09\u3092\u3059\u3067\u306b\u4e0a\u56de\u308b<\/strong>\u6df1\u523b\u306a\u72b6\u6cc1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4e3b\u8981\u306a\u30cf\u30c3\u30ad\u30f3\u30b0\u4e8b\u4ef6\uff1a<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>Bybit\u53d6\u5f15\u6240\u30cf\u30c3\u30ad\u30f3\u30b0\uff082\u670821\u65e5\uff09<\/strong>:\n<ul>\n<li>\u640d\u5931\u984d: <strong>15\u5104\u30c9\u30eb<\/strong>\uff08401,000 ETH\uff09<\/li>\n\n\n\n<li>\u53f2\u4e0a\u6700\u5927\u306e\u4eee\u60f3\u901a\u8ca8\u76d7\u96e3\u4e8b\u4ef6<\/li>\n\n\n\n<li>\u5317\u671d\u9bae\u306e\u30e9\u30b6\u30eb\u30b9\u30b0\u30eb\u30fc\u30d7\u306b\u3088\u308b\u72af\u884c\uff08FBI\u78ba\u8a8d\uff09<\/li>\n\n\n\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f20%\u4e0b\u843d\u3057\u300180,000\u30c9\u30eb\u3092\u5272\u308a\u8fbc\u3093\u3060<\/li>\n\n\n\n<li>55\u5104\u30c9\u30eb\u306e\u5f15\u304d\u51fa\u3057\u304c\u767a\u751f\u3057\u3001\u300c\u9280\u884c\u53d6\u308a\u4ed8\u3051\u300d\u72b6\u614b\u306b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Nobitex\uff08\u30a4\u30e9\u30f3\uff09\u30cf\u30c3\u30ad\u30f3\u30b0\uff086\u670818\u65e5\uff09<\/strong>:\n<ul>\n<li>\u640d\u5931\u984d: <strong>9,000\u4e07\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>\u30a4\u30b9\u30e9\u30a8\u30eb\u95a2\u9023\u306e\u30cf\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u30b0\u30eb\u30fc\u30d7\u306b\u3088\u308b\u653f\u6cbb\u7684\u52d5\u6a5f\u306e\u653b\u6483<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u305d\u306e\u4ed6\u306e\u4e3b\u8981\u30a4\u30f3\u30b7\u30c7\u30f3\u30c8<\/strong>:\n<ul>\n<li>Phemex: 8,500\u4e07\u30c9\u30eb\uff081\u6708\uff09<\/li>\n\n\n\n<li>CoinDCX\uff08\u30a4\u30f3\u30c9\uff09: 4,420\u4e07\u30c9\u30eb\uff087\u6708\uff09<\/li>\n\n\n\n<li>BigOne: 2,700\u4e07\u30c9\u30eb\uff087\u6708\uff09<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p><strong>DeFi\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u8106\u5f31\u6027<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>GMX<\/strong>: 4,200\u4e07\u30c9\u30eb\u306e\u518d\u5165\u653b\u6483\uff087\u6708\uff09\u3001\u305d\u306e\u5f8c\u307b\u307c\u5168\u984d\u56de\u53ce<\/li>\n\n\n\n<li><strong>ALEX Protocol<\/strong>: 1,610\u4e07\u30c9\u30eb\uff086\u6708\u3001Bitcoin Layer 2\uff09<\/li>\n\n\n\n<li><strong>Cork Protocol<\/strong>: 1,200\u4e07\u30c9\u30eb\uff08a16z\u51fa\u8cc7\u30015\u6708\uff09<\/li>\n\n\n\n<li><strong>ZkLend<\/strong>: 950\u4e07\u30c9\u30eb\uff082\u6708\u3001\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u4e38\u3081\u8aa4\u5dee\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>\u653b\u6483\u306e\u50be\u5411:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>\u30a2\u30af\u30bb\u30b9\u5236\u5fa1\u306e\u6b20\u9665<\/strong>: \u640d\u5931\u306e\u7d0460%\u3092\u5360\u3081\u308b<\/li>\n\n\n\n<li><strong>\u30bd\u30fc\u30b7\u30e3\u30eb\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0<\/strong>: \u30d5\u30a3\u30c3\u30b7\u30f3\u30b0\u653b\u6483\u30676\u5104\u30c9\u30eb<\/li>\n\n\n\n<li><strong>\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u653b\u6483<\/strong>: CI\/CD\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u4fb5\u5bb3<\/li>\n\n\n\n<li><strong>\u518d\u5165\u653b\u6483<\/strong>: DeFi\u4fb5\u5bb3\u306e17%<\/li>\n<\/ul>\n\n\n\n<p><strong>\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u969c\u5bb3<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Solana<\/strong>: 2\u67086\u65e5\u306b\u7d045\u6642\u9593\u306e\u30c0\u30a6\u30f3\u30bf\u30a4\u30e0\uff082021\u5e74\u4ee5\u964d11\u56de\u76ee\u306e\u6027\u80fd\u4f4e\u4e0b\uff09<\/li>\n\n\n\n<li><strong>TON\uff08The Open Network\uff09<\/strong>: 6\u6708\u30688\u6708\u306b\u8907\u6570\u56de\u306e\u77ed\u6642\u9593\u505c\u6b62<\/li>\n\n\n\n<li><strong>Ethereum Pectra \u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9<\/strong>: 3\u6708\u306e\u30c6\u30b9\u30c8\u30cd\u30c3\u30c8\u30672\u56de\u306e\u4e0d\u5177\u5408\u30015\u67087\u65e5\u306b\u6210\u529f\u88cf\u306b\u5b9f\u88c5<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u554f\u984c\u3068\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u969c\u5bb3\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u4fe1\u983c\u3092\u63fa\u308b\u304c\u3057\u3001<strong>\u53d6\u5f15\u6240\u304b\u3089\u306e\u5f15\u304d\u51fa\u3057\u5897\u52a0<\/strong>\u3084<strong>\u30bb\u30eb\u30d5\u30ab\u30b9\u30c8\u30c7\u30a3\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u79fb\u884c<\/strong>\u3092\u4fc3\u9032\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5e02\u5834\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u3068\u6295\u8cc7\u5bb6\u5fc3\u7406<\/h3>\n\n\n\n<p><strong>\u6050\u6016\u30fb\u5f37\u6b32\u6307\u6570\u306e\u6025\u6fc0\u306a\u5909\u5316<\/strong><\/p>\n\n\n\n<p>\u5e02\u5834\u5fc3\u7406\u306f10\u6708\u306b\u5287\u7684\u306b\u5909\u5316\u3057\u305f\uff1a<\/p>\n\n\n\n<ul>\n<li><strong>10\u6708\u521d\u65ec<\/strong>: \u300c\u6975\u5ea6\u306e\u5f37\u6b32\u300d\u30be\u30fc\u30f3\uff08\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u304c126,000\u30c9\u30eb\u306b\u5230\u9054\uff09<\/li>\n\n\n\n<li><strong>10\u670810-11\u65e5\u306e\u6025\u843d\u5f8c<\/strong>: 35\u306b\u6025\u843d\uff08\u6050\u6016\u30be\u30fc\u30f3\uff09<\/li>\n\n\n\n<li><strong>\u73fe\u5728\uff0810\u670816\u65e5\uff09<\/strong>: 28\uff08\u6050\u6016\u7d99\u7d9a\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u6025\u6fc0\u306a\u5909\u5316\u306f\u3001\u5e02\u5834\u53c2\u52a0\u8005\u306e\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u3068\u5fc3\u7406\u7684\u8106\u5f31\u6027\u3092\u9732\u5448\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong>\u53f2\u4e0a\u6700\u5927\u306e\u6e05\u7b97\u30a4\u30d9\u30f3\u30c8\uff0810\u670810-11\u65e5\uff09<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>\u7dcf\u6e05\u7b97\u984d<\/strong>: 191.3\u5104\u30c9\u30eb\uff0824\u6642\u9593\uff09<\/li>\n\n\n\n<li><strong>\u30ed\u30f3\u30b0\u30dd\u30b8\u30b7\u30e7\u30f3<\/strong>: 167\u5104\u30c9\u30eb\uff08\u5168\u4f53\u306e87%\uff09<\/li>\n\n\n\n<li><strong>\u5f71\u97ff\u3092\u53d7\u3051\u305f\u30a2\u30ab\u30a6\u30f3\u30c8<\/strong>: \u7d04160\u4e07<\/li>\n\n\n\n<li><strong>\u6700\u5927\u5358\u4e00\u6e05\u7b97<\/strong>: 8,753\u4e07\u30c9\u30eb\uff08HTX\u53d6\u5f15\u6240\u306eBTC\/USDT\u30dd\u30b8\u30b7\u30e7\u30f3\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>\u6e05\u7b97\u306e\u6bd4\u8f03\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>COVID-19\u30af\u30e9\u30c3\u30b7\u30e5\uff082020\u5e743\u6708\uff09: 12\u5104\u30c9\u30eb<\/li>\n\n\n\n<li>FTX\u5d29\u58ca\uff082022\u5e7411\u6708\uff09: 16\u5104\u30c9\u30eb<\/li>\n\n\n\n<li>\u4eca\u56de\uff082025\u5e7410\u6708\uff09: <strong>15-20\u500d\u5927\u304d\u3044<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Hyperliquid\u53d6\u5f15\u6240\u3067\u306e\u58ca\u6ec5\u7684\u88ab\u5bb3\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>1,000\u4ee5\u4e0a\u306e\u30a6\u30a9\u30ec\u30c3\u30c8\u304c\u5b8c\u5168\u6e05\u7b97<\/li>\n\n\n\n<li>6,300\u306e\u30a6\u30a9\u30ec\u30c3\u30c8\u304c\u640d\u5931<\/li>\n\n\n\n<li>100\u4e07\u30c9\u30eb\u4ee5\u4e0a\u306e\u640d\u5931\u3092\u51fa\u3057\u305f\u30a6\u30a9\u30ec\u30c3\u30c8: 205<\/li>\n\n\n\n<li>\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u5168\u4f53\u306712.3\u5104\u30c9\u30eb\u306e\u8cc7\u672c\u304c\u6d88\u5931<\/li>\n<\/ul>\n\n\n\n<p><strong>\u30af\u30b8\u30e9\uff08\u5927\u53e3\u4fdd\u6709\u8005\uff09\u306e\u52d5\u5411<\/strong><\/p>\n\n\n\n<p>10\u6708\u306b\u306f\u91cd\u8981\u306a\u30af\u30b8\u30e9\u306e\u52d5\u304d\u304c\u89b3\u5bdf\u3055\u308c\u305f\uff1a<\/p>\n\n\n\n<ul>\n<li><strong>32,322 BTC<\/strong>\uff0839.3\u5104\u30c9\u30eb\uff09\u304c3-5\u5e74\u9593\u4f11\u7720\u3057\u3066\u3044\u305f\u30a6\u30a9\u30ec\u30c3\u30c8\u304b\u3089\u79fb\u52d5\uff082025\u5e74\u6700\u5927\u306e\u79fb\u52d5\uff09<\/li>\n\n\n\n<li>13\u5e74\u9593\u4f11\u7720\u3057\u3066\u3044\u305f\u30a6\u30a9\u30ec\u30c3\u30c8\u304b\u3089300 BTC\uff083,300\u4e07\u30c9\u30eb\uff09\u304cBinance\u306b\u79fb\u52d5<\/li>\n\n\n\n<li>\u4e3b\u8981\u306a\u30af\u30b8\u30e9\u304c3,000 BTC\uff083.639\u5104\u30c9\u30eb\uff09\u3092Hyperliquid\u306b\u5165\u91d1\u3057\u3001\u305d\u306e\u3046\u3061960.57 BTC\u30921.16\u5104\u30c9\u30eb\u306eUSDC\u306b\u5909\u63db<\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u6307\u6458\uff1a\u300c\u524d\u56de\u3053\u306e\u30af\u30b8\u30e9\u304c\u58f2\u5374\u3092\u59cb\u3081\u305f\u6642\u3001BTC\u306f9,000\u30c9\u30eb\u8fd1\u304f\u4e0b\u843d\u3057\u305f\u300d<\/p>\n\n\n\n<p><strong>\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u30c7\u30fc\u30bf\u306e\u8b66\u544a\u4fe1\u53f7\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u30ec\u30fc\u30c8\uff08\u8cc7\u91d1\u8abf\u9054\u7387\uff09\u304c\u5e74\u73878%\u3092\u8d85\u3048\u3001\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u793a\u5506<\/li>\n\n\n\n<li>\u5148\u7269\u5efa\u7389\u304c\u8a18\u9332\u7684\u306a\u6c34\u6e96\u306b\u9054\u3057\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30d5\u30e9\u30c3\u30b7\u30e5\u306e\u53ef\u80fd\u6027\u3092\u793a\u5506<\/li>\n\n\n\n<li>\u77ed\u671f\u4fdd\u6709\u8005\u306e\u30b3\u30b9\u30c8\u30d9\u30fc\u30b9\u306f111,600\u30c9\u30eb\u4ed8\u8fd1\u3067\u3001\u91cd\u8981\u306a\u30b5\u30dd\u30fc\u30c8\u30ec\u30d9\u30eb\u3092\u5f62\u6210<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u52d5\u5411<\/h3>\n\n\n\n<p><strong>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3ETF\u306e\u30d5\u30ed\u30fc\u30d1\u30bf\u30fc\u30f3<\/strong><\/p>\n\n\n\n<p>2025\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u6700\u521d\u306e4\u53d6\u5f15\u65e5\u3060\u3051\u3067\u3001<strong>35\u5104\u30c9\u30eb\u306e\u7d14\u6d41\u5165<\/strong>\u3092\u8a18\u9332\u3057\u305f\u3002\u3057\u304b\u3057\u300110\u670810-11\u65e5\u306e\u6025\u843d\u5f8c\u3001\u4e00\u6642\u7684\u306b\u9006\u6d41\u304c\u767a\u751f\uff1a<\/p>\n\n\n\n<ul>\n<li><strong>10\u670813\u65e5<\/strong>: \u30d3\u30c3\u30c8\u30b3\u30a4\u30f3ETF\u304b\u30893.265\u5104\u30c9\u30eb\u306e\u6d41\u51fa\u3001\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0ETF\u304b\u30894.285\u5104\u30c9\u30eb\u306e\u6d41\u51fa<\/li>\n<\/ul>\n\n\n\n<p><strong>\u5e74\u521d\u6765\u306e\u7dcf\u6d41\u5165\uff089\u6708\u672b\u6642\u70b9\uff09:<\/strong><\/p>\n\n\n\n<ul>\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3ETF: <strong>259\u5104\u30c9\u30eb<\/strong>\uff082024\u5e74\u306e360\u5104\u30c9\u30eb\u3092\u4e0a\u56de\u308b\u30da\u30fc\u30b9\uff09<\/li>\n\n\n\n<li>\u904b\u7528\u8cc7\u7523\u7dcf\u984d: \u7d041,695\u5104\u30c9\u30eb\uff08BTC\u306e\u6642\u4fa1\u7dcf\u984d\u306e6.79%\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>\u4e3b\u8981\u306a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u52d5\u304d\uff1a<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>\u30de\u30a4\u30af\u30ed\u30b9\u30c8\u30e9\u30c6\u30b8\u30fc\uff08Strategy\uff09<\/strong>:\n<ul>\n<li>\u4fdd\u6709\u91cf: 640,031 BTC\uff089\u670828\u65e5\u6642\u70b9\uff09<\/li>\n\n\n\n<li>\u7dcf\u6295\u8cc7\u984d: 473.5\u5104\u30c9\u30eb<\/li>\n\n\n\n<li>\u5e73\u5747\u53d6\u5f97\u4fa1\u683c: 73,983\u30c9\u30eb\/BTC<\/li>\n\n\n\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u7dcf\u4f9b\u7d66\u91cf\u306e\u7d04**3%**\u3092\u4fdd\u6709<\/li>\n\n\n\n<li>2025-2027\u5e74\u306b<strong>420\u5104\u30c9\u30eb\u8abf\u9054\u8a08\u753b<\/strong>\uff08\u300c21\/21\u30d7\u30e9\u30f3\u300d\uff09<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9<\/strong>:\n<ul>\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3ETF\u4fdd\u6709: 98.4\u4e07\u30c9\u30eb<\/li>\n\n\n\n<li>\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0ETF\u4fdd\u6709: 3.23\u4e07\u30c9\u30eb\uff082024\u5e745\u6708\u304b\u308930%\u5897\uff09<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9<\/strong>:\n<ul>\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3ETF\u4fdd\u6709: <strong>15\u5104\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>BlackRock\u306eiShares Bitcoin Trust: 12.7\u5104\u30c9\u30eb\uff08\u524d\u56db\u534a\u671f\u6bd488%\u5897\uff09<\/li>\n\n\n\n<li>Fidelity\u306e\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3ETF: 2.88\u5104\u30c9\u30eb\uff08105%\u5897\uff09<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p><strong>\u4f01\u696d\u306b\u3088\u308b\u4eee\u60f3\u901a\u8ca8\u4fdd\u6709\u306e\u62e1\u5927\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>2025\u5e749\u6708\u6642\u70b9\u3067<strong>90\u793e\u4ee5\u4e0a<\/strong>\u306e\u516c\u958b\u4f01\u696d\u304c\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3092\u4fdd\u6709<\/li>\n\n\n\n<li>\u4f01\u696d\u306e\u8ca1\u52d9\u7701\u4fdd\u6709\u306e\u7dcf\u4fa1\u5024: <strong>1,130\u5104\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u7dcf\u4f9b\u7d66\u91cf\u306e<strong>4%<\/strong>\u3001\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u7dcf\u4f9b\u7d66\u91cf\u306e**2%**\u304c\u516c\u958b\u4f01\u696d\u306b\u3088\u308a\u4fdd\u6709<\/li>\n<\/ul>\n\n\n\n<p><strong>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8abf\u67fb\u7d50\u679c\uff08Coinbase\/EY-Parthenon\u30012025\u5e741\u6708\uff09:<\/strong><\/p>\n\n\n\n<ul>\n<li>86%\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u3078\u306e\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3092\u6301\u3064\u304b\u30012025\u5e74\u306b\u914d\u5206\u3092\u8a08\u753b<\/li>\n\n\n\n<li>83%\u304c2025\u5e74\u306b\u4eee\u60f3\u901a\u8ca8\u3078\u306e\u914d\u5206\u3092\u5897\u3084\u3059\u4e88\u5b9a<\/li>\n\n\n\n<li>59%\u304c\u904b\u7528\u8cc7\u7523\u306e5%\u4ee5\u4e0a\u3092\u4eee\u60f3\u901a\u8ca8\u306b\u914d\u5206\u3059\u308b\u8a08\u753b<\/li>\n\n\n\n<li>79%\u304c\u4eca\u5f8c12\u30f6\u6708\u3067\u4eee\u60f3\u901a\u8ca8\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3068\u4e88\u60f3<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u77ed\u671f\u7684\u8981\u56e0\u3068\u4e2d\u9577\u671f\u7684\u8981\u56e0\u306e\u5206\u6790<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u77ed\u671f\u7684\u8981\u56e0\uff08\u904e\u53bb\u6570\u9031\u9593\uff09<\/h3>\n\n\n\n<p><strong>1. \u5730\u653f\u5b66\u7684\u30b7\u30e7\u30c3\u30af\uff0810\u670810\u65e5\uff09<\/strong><\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306b\u3088\u308b100%\u8ffd\u52a0\u95a2\u7a0e\u306e\u767a\u8868\u306f\u3001\u5e02\u5834\u306b\u3068\u3063\u3066\u5b8c\u5168\u306a<strong>\u30b5\u30d7\u30e9\u30a4\u30ba<\/strong>\u3067\u3042\u308a\u3001\u901a\u5e38\u306e\u53d6\u5f15\u6642\u9593\u7d42\u4e86\u5f8c\u306b\u767a\u8868\u3055\u308c\u305f\u3002\u3053\u308c\u306b\u3088\u308a\uff1a<\/p>\n\n\n\n<ul>\n<li>\u5e02\u5834\u53c2\u52a0\u8005\u304c\u9069\u5207\u306b\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u8abf\u6574\u3059\u308b\u6642\u9593\u304c\u306a\u304b\u3063\u305f<\/li>\n\n\n\n<li>\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u62b1\u3048\u305f\u6295\u8cc7\u5bb6\u304c\u4e00\u6589\u306b\u6e05\u7b97\u3055\u308c\u305f<\/li>\n\n\n\n<li>\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u53d6\u5f15\u304c\u9023\u9396\u7684\u306a\u58f2\u308a\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f<\/li>\n\n\n\n<li>\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u6307\u6570\uff08VIX\uff09\u304c2025\u5e74\u30673\u756a\u76ee\u306b\u9ad8\u3044\u6c34\u6e96\u306b\u5230\u9054<\/li>\n<\/ul>\n\n\n\n<p><strong>2. \u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u84c4\u7a4d<\/strong><\/p>\n\n\n\n<p>10\u6708\u521d\u65ec\u306e\u5e02\u5834\u306f<strong>\u6975\u5ea6\u306b\u52a0\u71b1<\/strong>\u3057\u3066\u3044\u305f\uff1a<\/p>\n\n\n\n<ul>\n<li>\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u30ec\u30fc\u30c8\u304c\u5e74\u73878%\u3092\u8d85\u3048\u308b\uff08\u6295\u6a5f\u7684\u6d3b\u52d5\u306e\u9ad8\u307e\u308a\u3092\u793a\u3059\uff09<\/li>\n\n\n\n<li>\u5148\u7269\u5efa\u7389\u304c\u8a18\u9332\u7684\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u305f<\/li>\n\n\n\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u4f9b\u7d66\u91cf\u306e97%\u304c\u5229\u76ca\u72b6\u614b\u306b\u3042\u308a\u3001\u5229\u76ca\u78ba\u5b9a\u5727\u529b\u304c\u9ad8\u307e\u3063\u3066\u3044\u305f<\/li>\n\n\n\n<li>\u53d6\u5f15\u91cf\u304c\u6e1b\u5c11\u3057\u3066\u3044\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u4fa1\u683c\u306f\u53f2\u4e0a\u6700\u9ad8\u5024\u3092\u66f4\u65b0\uff08\u8b66\u544a\u30b5\u30a4\u30f3\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>3. \u5b63\u7bc0\u7684\u671f\u5f85\u306e\u88cf\u5207\u308a<\/strong><\/p>\n\n\n\n<p>10\u6708\u306f\u6b74\u53f2\u7684\u306b\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306b\u3068\u3063\u3066<strong>\u6700\u3082\u597d\u8abf\u306a\u6708<\/strong>\uff08\u5e73\u5747\u30ea\u30bf\u30fc\u30f322.5%\u3001\u904e\u53bb6\u5e74\u9023\u7d9a\u3067\u30d7\u30e9\u30b9\uff09\u3067\u3042\u308a\u3001\u300cUptober\u300d\u3068\u3044\u3046\u9020\u8a9e\u3067\u77e5\u3089\u308c\u3066\u3044\u308b\u3002\u3053\u306e\u671f\u5f85\u306b\u3088\u308a\uff1a<\/p>\n\n\n\n<ul>\n<li>\u6295\u8cc7\u5bb6\u304cFOMO\uff08\u898b\u9003\u3059\u3053\u3068\u3078\u306e\u6050\u6016\uff09\u306b\u99c6\u3089\u308c\u3066\u53c2\u5165<\/li>\n\n\n\n<li>\u30ea\u30b9\u30af\u7ba1\u7406\u304c\u758e\u304b\u306b\u306a\u3063\u305f<\/li>\n\n\n\n<li>\u3057\u304b\u3057\u3001\u6b74\u53f2\u7684\u30d1\u30bf\u30fc\u30f3\u304c\u5fc5\u305a\u3057\u3082\u7e70\u308a\u8fd4\u3055\u308c\u306a\u3044\u3053\u3068\u304c\u793a\u3055\u308c\u305f<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e2d\u9577\u671f\u7684\u8981\u56e0<\/h3>\n\n\n\n<p><strong>1. \u30de\u30af\u30ed\u7d4c\u6e08\u74b0\u5883\u306e\u4e0d\u78ba\u5b9f\u6027<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>\u666f\u6c17\u5f8c\u9000\u30ea\u30b9\u30af<\/strong>: 40-60%\u306e\u78ba\u7387\uff08\u4e3b\u8981\u91d1\u878d\u6a5f\u95a2\uff09<\/li>\n\n\n\n<li><strong>\u8cbf\u6613\u6226\u4e89<\/strong>: \u7c73\u4e2d\u9593\u306e\u7dca\u5f35\u304c\u9577\u671f\u5316\u3059\u308b\u53ef\u80fd\u6027<\/li>\n\n\n\n<li><strong>\u91d1\u5229\u653f\u7b56<\/strong>: FRB\u306e\u5229\u4e0b\u3052\u30da\u30fc\u30b9\u304c\u4e88\u60f3\u3088\u308a\u9045\u3044<\/li>\n\n\n\n<li><strong>\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5<\/strong>: 2.9%\u3067\u63a8\u79fb\u3057\u3001FRB\u306e2%\u76ee\u6a19\u3092\u4e0a\u56de\u308b<\/li>\n<\/ul>\n\n\n\n<p><strong>2. \u898f\u5236\u74b0\u5883\u306e\u4e8c\u9762\u6027<\/strong><\/p>\n\n\n\n<p><strong>\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u5074\u9762\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>\u7c73\u56fd\u3067\u306e\u898f\u5236\u660e\u78ba\u5316\u304c\u9032\u5c55<\/li>\n\n\n\n<li>ETF\u627f\u8a8d\u30d7\u30ed\u30bb\u30b9\u306e\u5408\u7406\u5316<\/li>\n\n\n\n<li>\u9280\u884c\u30bb\u30af\u30bf\u30fc\u306e\u53c2\u5165\u969c\u58c1\u306e\u4f4e\u4e0b<\/li>\n\n\n\n<li>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u898f\u5236\u306e\u67a0\u7d44\u307f\u6574\u5099<\/li>\n<\/ul>\n\n\n\n<p><strong>\u30cd\u30ac\u30c6\u30a3\u30d6\u306a\u5074\u9762\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>\u56fd\u969b\u7684\u306a\u898f\u5236\u306e\u65ad\u7247\u5316\uff08\u5404\u56fd\u3067\u7570\u306a\u308b\u898f\u5236\uff09<\/li>\n\n\n\n<li>\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30b3\u30b9\u30c8\u306e\u5897\u52a0\uff08\u7279\u306b\u5c0f\u898f\u6a21\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\uff09<\/li>\n\n\n\n<li>MiCA\u306b\u3088\u308bEU\u3067\u306e\u4e00\u90e8\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e0a\u5834\u5ec3\u6b62\u30ea\u30b9\u30af<\/li>\n\n\n\n<li>\u653f\u6cbb\u7684\u4e0d\u78ba\u5b9f\u6027\uff08\u653f\u6a29\u4ea4\u4ee3\u306b\u3088\u308b\u653f\u7b56\u5909\u66f4\u306e\u53ef\u80fd\u6027\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>3. \u5e02\u5834\u69cb\u9020\u306e\u6210\u719f\u5316<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u652f\u914d<\/strong>: \u5e02\u5834\u6d3b\u52d5\u306e60%\u4ee5\u4e0a\u3092\u5360\u3081\u308b<\/li>\n\n\n\n<li><strong>\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u5909\u5316<\/strong>: 30\u65e5\u9593\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c3.06%\u3068\u6b74\u53f2\u7684\u4f4e\u6c34\u6e96<\/li>\n\n\n\n<li><strong>\u76f8\u95a2\u95a2\u4fc2<\/strong>: S&amp;P500\u3068\u306e\u76f8\u95a2\u304c\u9ad8\u307e\u308a\u3001\u30ea\u30b9\u30af\u8cc7\u7523\u3068\u3057\u3066\u306e\u6027\u683c\u304c\u5f37\u5316<\/li>\n\n\n\n<li><strong>\u53d6\u5f15\u30a4\u30f3\u30d5\u30e9<\/strong>: \u30aa\u30d5\u30c1\u30a7\u30fc\u30f3\u53d6\u5f15\uff08ETF\u3001\u4e2d\u592e\u96c6\u6a29\u578b\u53d6\u5f15\u6240\uff09\u304c75%\u4ee5\u4e0a<\/li>\n<\/ul>\n\n\n\n<p><strong>4. \u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30ea\u30b9\u30af\u306e\u6301\u7d9a<\/strong><\/p>\n\n\n\n<ul>\n<li>2025\u5e74\u4e0a\u534a\u671f\u3060\u3051\u306724.7\u5104\u30c9\u30eb\u306e\u640d\u5931<\/li>\n\n\n\n<li>\u56fd\u5bb6\u652f\u63f4\u578b\u306e\u653b\u6483\uff08\u5317\u671d\u9bae\u306e\u30e9\u30b6\u30eb\u30b9\u30b0\u30eb\u30fc\u30d7\u306a\u3069\uff09\u306e\u9ad8\u5ea6\u5316<\/li>\n\n\n\n<li>DeFi\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u8106\u5f31\u6027\uff08\u521d\u5e74\u5ea6\u306b52%\u304c\u4fb5\u5bb3\u3092\u53d7\u3051\u308b\uff09<\/li>\n\n\n\n<li>\u5185\u90e8\u8105\u5a01\u3068\u30bd\u30fc\u30b7\u30e3\u30eb\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u653b\u6483\u306e\u5897\u52a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u5c02\u9580\u5bb6\u3068\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u898b\u89e3<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e3b\u8981\u306a\u4fa1\u683c\u4e88\u6e2c\uff082025\u5e74\u672b\uff09<\/h3>\n\n\n\n<p><strong>\u5f37\u6c17\u6d3e\uff1a<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>VanEck\uff08Matthew Sigel\uff09<\/strong>:\n<ul>\n<li>2025\u5e74\u7b2c4\u56db\u534a\u671f: <strong>180,000\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>2028\u5e74: 644,000\u30c9\u30eb<\/li>\n\n\n\n<li>\u6839\u62e0: \u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u304c\u91d1\u306e\u4fa1\u5024\u4fdd\u5b58\u5e02\u5834\u306e50%\u3092\u7372\u5f97<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u30fb\u30c1\u30e3\u30fc\u30bf\u30fc\u30c9<\/strong>:\n<ul>\n<li>2025\u5e74\u5f8c\u534a: <strong>200,000\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>\u6839\u62e0: \u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53c2\u5165\u3068\u30d5\u30a3\u30a2\u30c3\u30c8\u901a\u8ca8\u3078\u306e\u4fe1\u983c\u4f4e\u4e0b<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3<\/strong>:\n<ul>\n<li>2026\u5e74\u521d\u982d: <strong>200,000\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>\u7279\u5fb4: \u300c\u9577\u304f\u75b2\u308c\u308b\u5f37\u6c17\u76f8\u5834\u300d\u304c2026\u5e74\u307e\u3067\u7d9a\u304f<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>H.C. Wainwright<\/strong>:\n<ul>\n<li>2025\u5e74\u672b: <strong>225,000\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>\u5e02\u5834\u6642\u4fa1\u7dcf\u984d: 4.5\u5146\u30c9\u30eb<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Tim Draper<\/strong>:\n<ul>\n<li>2025\u5e74\u672b: <strong>250,000\u30c9\u30eb<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p><strong>\u614e\u91cd\u6d3e\uff1a<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>10x Research<\/strong>:\n<ul>\n<li>\u3088\u308a\u4fdd\u5b88\u7684\u306a<strong>122,000\u30c9\u30eb<\/strong><\/li>\n\n\n\n<li>\u30c6\u30af\u30cb\u30ab\u30eb\u3068\u30e2\u30e1\u30f3\u30bf\u30e0\u6307\u6a19\u306b\u57fa\u3065\u304f<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u4e00\u90e8\u306e\u30a2\u30ca\u30ea\u30b9\u30c8<\/strong>:\n<ul>\n<li>\u73fe\u5728\u306e\u30b5\u30a4\u30af\u30eb\u306f\u300c\u6210\u9577\u4f59\u5730\u304c60\u65e5\u3057\u304b\u306a\u3044\u300d\u53ef\u80fd\u6027\u3092\u8b66\u544a<\/li>\n\n\n\n<li>\u5229\u76ca\u78ba\u5b9a\u3068\u8abf\u6574\u306e\u6642\u671f\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e3b\u8981\u91d1\u878d\u6a5f\u95a2\u306e\u898b\u89e3<\/h3>\n\n\n\n<p><strong>JP\u30e2\u30eb\u30ac\u30f3\uff08Nikolaos Panigirtzoglou\uff09:<\/strong><\/p>\n\n\n\n<p>\u300c2025\u5e74\u4e0b\u534a\u671f\u306b\u304a\u3044\u3066\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f\u91d1\u3092\u30a2\u30a6\u30c8\u30d1\u30d5\u30a9\u30fc\u30e0\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002\u6697\u53f7\u8cc7\u7523\u7279\u6709\u306e\u89e6\u5a92\u304c\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306b\u91d1\u3092\u4e0a\u56de\u308b\u4e0a\u6607\u4f59\u5730\u3092\u63d0\u4f9b\u3059\u308b\u3068\u898b\u3066\u3044\u308b\u300d<\/p>\n\n\n\n<p><strong>\u30d5\u30a3\u30c7\u30ea\u30c6\u30a3\u30fb\u30c7\u30b8\u30bf\u30eb\u30fb\u30a2\u30bb\u30c3\u30c8\uff08Chris Kuiper\uff09:<\/strong><\/p>\n\n\n\n<p>\u300c\u6211\u3005\u306f\u5c11\u306a\u304f\u3068\u3082\u5b8c\u5168\u306a\u5f37\u6c17\u76f8\u5834\u306e<strong>\u4e2d\u9593\u5730\u70b9<\/strong>\u306b\u3044\u308b\u3002\u5f8c\u534a\u306f\u901a\u5e38\u3001\u3088\u308a\u9ad8\u3044\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3068\u4fa1\u683c\u4e0a\u6607\u3092\u7279\u5fb4\u3068\u3059\u308b\u300d<\/p>\n\n\n\n<p><strong>Messari\uff082025\u5e74\u306e\u4eee\u60f3\u901a\u8ca8\u30c6\u30fc\u30bc\uff09:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>\u7b2c1\u56db\u534a\u671f<\/strong>: \u5f37\u6c17\u76f8\u5834\u304c\u6700\u521d\u306e\u30d4\u30fc\u30af\uff08\u7d04180,000\u30c9\u30eb\u306eBTC\uff09\u306b\u5230\u9054<\/li>\n\n\n\n<li><strong>\u7b2c2\u56db\u534a\u671f<\/strong>: BTC\u304c30%\u306e\u8abf\u6574\u3001\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u306f60%\u306e\u4e0b\u843d<\/li>\n\n\n\n<li><strong>\u7b2c3-4\u56db\u534a\u671f<\/strong>: \u56de\u5fa9\u3057\u3001\u4e3b\u8981\u30c8\u30fc\u30af\u30f3\u304c\u4ee5\u524d\u306e\u6700\u9ad8\u5024\u3092\u56de\u5fa9<\/li>\n\n\n\n<li>\u30d1\u30bf\u30fc\u30f3: \u300cBanana ForScale\u300d\uff08Q1\/H1\u306b\u65b0\u9ad8\u5024\u3001Q2\u306b\u5927\u5e45\u8abf\u6574\u3001Q3-Q4\u306b\u56de\u5fa9\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>\u30b3\u30a4\u30f3\u30d9\u30fc\u30b9\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u30ea\u30b5\u30fc\u30c1\uff082025\u5e74\u306e5\u5927\u30c6\u30fc\u30de\uff09:<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u62e1\u5927<\/strong>: \u65e5\u6b21\u9001\u91d1\u984d\u304c3,000\u5104\u30c9\u30eb\u306b\u5230\u9054\uff082025\u5e74\u672b\u4e88\u6e2c\uff09<\/li>\n\n\n\n<li><strong>\u30c8\u30fc\u30af\u30f3\u5316\u306e\u57fa\u790e<\/strong>: RWA\u5e02\u5834\u304c2024\u5e74\u306b60%\u6210\u9577\u3057135\u5104\u30c9\u30eb\u306b<\/li>\n\n\n\n<li><strong>\u4eee\u60f3\u901a\u8ca8ETF\u306e\u9032\u5316<\/strong>: \u73fe\u7269\u3067\u306e\u4f5c\u6210\u30fb\u511f\u9084\u3068\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u3078\u306e\u9053\u7b4b<\/li>\n\n\n\n<li><strong>DeFi\u306e\u30eb\u30cd\u30b5\u30f3\u30b9<\/strong>: \u8cb8\u51fa\u30d7\u30ed\u30c8\u30b3\u30eb\u304cTVL\u3067\u53f2\u4e0a\u6700\u9ad8\u5024<\/li>\n\n\n\n<li><strong>\u898f\u5236\u306e\u8ee2\u63db<\/strong>: 2025\u5e74\u306f\u9006\u98a8\u304b\u3089\u8ffd\u3044\u98a8\u3078<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u30d3\u30e5\u30fc<\/h3>\n\n\n\n<p><strong>\u77ed\u671f\uff082025\u5e74\u7b2c4\u56db\u534a\u671f\uff09:<\/strong><\/p>\n\n\n\n<ul>\n<li>\u5927\u534a\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u306f130,000-180,000\u30c9\u30eb\u306e\u30ec\u30f3\u30b8\u3092\u4e88\u60f3<\/li>\n\n\n\n<li>10\u6708\u306eETF\u627f\u8a8d\u304c\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30e9\u30ea\u30fc\u306e\u5f15\u304d\u91d1\u3068\u306a\u308b\u53ef\u80fd\u6027<\/li>\n\n\n\n<li>\u30ec\u30d0\u30ec\u30c3\u30b8\u8abf\u6574\u3068\u5229\u76ca\u78ba\u5b9a\u306b\u3088\u308a10-20%\u306e\u8abf\u6574\u304c\u4e88\u60f3\u3055\u308c\u308b<\/li>\n\n\n\n<li>\u5b63\u7bc0\u7684\u30d1\u30bf\u30fc\u30f3\uff08Uptober\u3001\u7b2c4\u56db\u534a\u671f\u306e\u5f37\u3055\uff09\u304c\u8ffd\u3044\u98a8<\/li>\n<\/ul>\n\n\n\n<p><strong>\u4e2d\u671f\uff082026\u5e74\uff09:<\/strong><\/p>\n\n\n\n<ul>\n<li>\u5f37\u6c17\u76f8\u5834\u304c2026\u5e74\u307e\u3067\u5ef6\u9577\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044<\/li>\n\n\n\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f2026\u5e74\u521d\u982d\u306b200,000\u30c9\u30eb\u306b\u5230\u9054\u3059\u308b\u53ef\u80fd\u6027<\/li>\n\n\n\n<li>\u898f\u5236\u306e\u660e\u78ba\u5316\u304c\u6301\u7d9a\u7684\u306a\u57fa\u76e4\u3092\u63d0\u4f9b<\/li>\n\n\n\n<li>2026\u5e74\u4e0a\u534a\u671f\u306b\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u306e\u30ad\u30e3\u30c3\u30c1\u30a2\u30c3\u30d7\u306e\u53ef\u80fd\u6027<\/li>\n<\/ul>\n\n\n\n<p><strong>\u9577\u671f\uff082027-2030\u5e74\uff09:<\/strong><\/p>\n\n\n\n<ul>\n<li>\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3: 2030\u5e74\u307e\u3067\u306b500,000-1,000,000\u30c9\u30eb\u306e\u30ec\u30f3\u30b8\u304c\u53ef\u80fd<\/li>\n\n\n\n<li>\u4e16\u4ee3\u9593\u306e\u5bcc\u306e\u79fb\u8ee2\u304c\u91d1\u3088\u308a\u3082\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3092\u597d\u3080<\/li>\n\n\n\n<li>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u304c\u30b0\u30ed\u30fc\u30d0\u30eb\u6c7a\u6e08\u306e\u57fa\u76e4\u306b<\/li>\n\n\n\n<li>RWA\u30c8\u30fc\u30af\u30f3\u5316\u304c5\u5146\u30c9\u30eb\u4ee5\u4e0a\u306b\u5230\u9054<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u4eca\u5f8c\u306e\u898b\u901a\u3057<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u77ed\u671f\u7684\u306a\u56de\u5fa9\u306e\u5146\u5019<\/h3>\n\n\n\n<p><strong>\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u8981\u56e0\uff1a<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>\u8fc5\u901f\u306a\u4fa1\u683c\u56de\u5fa9<\/strong>: 102,000\u30c9\u30eb\u306e\u5b89\u5024\u304b\u308948\u6642\u9593\u4ee5\u5185\u306b114,000-115,000\u30c9\u30eb\u307e\u306713%\u56de\u5fa9<\/li>\n\n\n\n<li><strong>\u7d99\u7d9a\u7684\u306a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u84c4\u7a4d<\/strong>: 10\u67087\u65e5\u306b\u5358\u65e5\u306712.1\u5104\u30c9\u30eb\u306eETF\u6d41\u5165\uff082025\u5e74\u6700\u5927\uff09<\/li>\n\n\n\n<li><strong>\u5f37\u56fa\u306a\u30b5\u30dd\u30fc\u30c8\u30ec\u30d9\u30eb<\/strong>: 117,000-120,000\u30c9\u30eb\u30be\u30fc\u30f3\u306b190,000 BTC\u304c\u96c6\u4e2d<\/li>\n\n\n\n<li><strong>\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u6307\u6a19<\/strong>: \u4e2d\u898f\u6a21\u4fdd\u6709\u8005\uff0810-1,000 BTC\uff09\u304c\u7a4d\u6975\u7684\u306b\u8cfc\u5165\u7d99\u7d9a<\/li>\n\n\n\n<li><strong>\u53d6\u5f15\u6240\u6b8b\u9ad8\u306e\u6e1b\u5c11<\/strong>: 285\u4e07BTC\u4ee5\u4e0b\uff082021\u5e741\u6708\u4ee5\u6765\u306e\u6700\u4f4e\u6c34\u6e96\uff09<\/li>\n<\/ol>\n\n\n\n<p><strong>\u91cd\u8981\u306a\u89e6\u5a92:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>10\u670823\u65e5<\/strong>: \u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0ETF\u306eSEC\u6c7a\u5b9a\u671f\u9650<\/li>\n\n\n\n<li><strong>10\u670828-29\u65e5<\/strong>: FOMC\u4f1a\u8b70\u300125bp\u306e\u8ffd\u52a0\u5229\u4e0b\u3052\u304c100%\u306e\u78ba\u7387\u3067\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b<\/li>\n\n\n\n<li><strong>11\u67081\u65e5<\/strong>: \u4e2d\u56fd\u3078\u306e100%\u95a2\u7a0e\u767a\u52b9\u4e88\u5b9a\u65e5\uff08\u5b9f\u65bd\u3055\u308c\u308c\u3070\u4e0b\u843d\u30ea\u30b9\u30af\u3001\u4ea4\u6e09\u3067\u56de\u907f\u3055\u308c\u308c\u3070\u4e0a\u6607\uff09<\/li>\n\n\n\n<li><strong>12\u670810\u65e5<\/strong>: \u6b21\u56deFOMC\u3001\u8ffd\u52a0\u5229\u4e0b\u3052\u306e\u53ef\u80fd\u6027<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e2d\u9577\u671f\u7684\u306a\u898b\u901a\u3057<\/h3>\n\n\n\n<p><strong>\u69cb\u9020\u7684\u306a\u5f37\u6c17\u8981\u56e0:<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>\u300c\u4eca\u56de\u306f\u672c\u7269\u300d<\/strong>: \u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53c2\u5165\u306f\u69cb\u9020\u7684\u3067\u6295\u6a5f\u7684\u3067\u306f\u306a\u3044<\/li>\n\n\n\n<li><strong>\u898f\u5236\u306e\u660e\u78ba\u5316<\/strong>: 2025\u5e74\u6700\u5927\u306e\u30dd\u30b8\u30c6\u30a3\u30d6\u89e6\u5a92<\/li>\n\n\n\n<li><strong>ETF\u306e\u30b2\u30fc\u30e0\u30c1\u30a7\u30f3\u30b8\u30e3\u30fc\u52b9\u679c<\/strong>: \u4f1d\u7d71\u7684\u91d1\u878d\u3068DeFi\u3092\u6052\u4e45\u7684\u306b\u6a4b\u6e21\u3057<\/li>\n\n\n\n<li><strong>\u30de\u30af\u30ed\u304c\u6700\u91cd\u8981<\/strong>: \u6d41\u52d5\u6027\u3001\u91d1\u5229\u3001\u8ca1\u653f\u653f\u7b56\u304c\u4e3b\u8981\u30c9\u30e9\u30a4\u30d0\u30fc<\/li>\n\n\n\n<li><strong>\u30c7\u30b8\u30bf\u30eb\u30b4\u30fc\u30eb\u30c9\u3068\u3057\u3066\u306e\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3<\/strong>: \u4fa1\u5024\u4fdd\u5b58\u306e\u7269\u8a9e\u304c\u56fa\u307e\u308b<\/li>\n\n\n\n<li><strong>\u3088\u308a\u9577\u3044\u30b5\u30a4\u30af\u30eb<\/strong>: 2025\u5e74\u306e\u6025\u6fc0\u306a\u30d4\u30fc\u30af\u3088\u308a\u30822026\u5e74\u307e\u3067\u5ef6\u9577\u3055\u308c\u308b\u5f37\u6c17\u76f8\u5834\u306e\u53ef\u80fd\u6027\u304c\u9ad8\u3044<\/li>\n<\/ol>\n\n\n\n<p><strong>\u30ea\u30b9\u30af\u8981\u56e0:<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u8106\u5f31\u6027<\/strong>: 10\u6708\u306e\u6e05\u7b97\u306f\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u8106\u5f31\u6027\u3092\u9732\u5448<\/li>\n\n\n\n<li><strong>\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u611f\u5fdc\u6027<\/strong>: \u8cbf\u6613\u6226\u4e89\u3001FRB\u653f\u7b56\u304c\u77ed\u671f\u7684\u306a\u52d5\u304d\u3092\u5f15\u304d\u7d9a\u304d\u4e3b\u5c0e<\/li>\n\n\n\n<li><strong>\u5e02\u5834\u64cd\u4f5c<\/strong>: \u30af\u30b8\u30e9\u306e\u6d3b\u52d5\u304c\u30ec\u30d0\u30ec\u30c3\u30b8\u74b0\u5883\u3067\u9023\u9396\u53cd\u5fdc\u3092\u5f15\u304d\u8d77\u3053\u3059\u53ef\u80fd\u6027<\/li>\n\n\n\n<li><strong>\u898f\u5236\u306e\u4e0d\u78ba\u5b9f\u6027<\/strong>: \u9032\u5c55\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u56fd\u969b\u7684\u306a\u8abf\u6574\u304c\u4e0d\u8db3<\/li>\n\n\n\n<li><strong>\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30ea\u30b9\u30af<\/strong>: 2025\u5e74\u4e0a\u534a\u671f\u3060\u3051\u306724.7\u5104\u30c9\u30eb\u306e\u640d\u5931\u304c\u7d99\u7d9a<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">\u6295\u8cc7\u5bb6\u3078\u306e\u793a\u5506<\/h3>\n\n\n\n<p><strong>\u6a5f\u95a2\u6295\u8cc7\u5bb6:<\/strong><\/p>\n\n\n\n<ul>\n<li>\u9577\u671f\u7684\u306a\u78ba\u4fe1\u3092\u7dad\u6301\u3057\u3001\u4e0b\u843d\u3092\u84c4\u7a4d\u306e\u6a5f\u4f1a\u3068\u898b\u306a\u3059<\/li>\n\n\n\n<li>\u30ab\u30b9\u30c8\u30c7\u30a3\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u3092\u512a\u5148<\/li>\n\n\n\n<li>\u30c9\u30eb\u30b3\u30b9\u30c8\u5e73\u5747\u6cd5\u306b\u3088\u308b\u4f53\u7cfb\u7684\u306a\u84c4\u7a4d<\/li>\n\n\n\n<li>\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\uff08\u5148\u7269\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\uff09\u3092\u7528\u3044\u305f\u30d8\u30c3\u30b8<\/li>\n<\/ul>\n\n\n\n<p><strong>\u500b\u4eba\u6295\u8cc7\u5bb6:<\/strong><\/p>\n\n\n\n<ul>\n<li>\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u30ea\u30b9\u30af\u3092\u8a8d\u8b58\u3057\u3001\u30dd\u30b8\u30b7\u30e7\u30f3\u30b5\u30a4\u30ba\u3092\u9069\u5207\u306b\u7ba1\u7406<\/li>\n\n\n\n<li>\u77ed\u671f\u7684\u306a\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306b\u8010\u3048\u3089\u308c\u308b\u9577\u671f\u4fdd\u6709\u306e\u59ff\u52e2\u3092\u80b2\u6210<\/li>\n\n\n\n<li>\u6050\u6016\u3068\u5f37\u6b32\u306e\u30b5\u30a4\u30af\u30eb\u306b\u632f\u308a\u56de\u3055\u308c\u306a\u3044\u6210\u719f\u5ea6\u306e\u5411\u4e0a<\/li>\n\n\n\n<li>\u30bb\u30eb\u30d5\u30ab\u30b9\u30c8\u30c7\u30a3\u3068\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u5bfe\u7b56\u306e\u5f37\u5316<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u7d50\u8ad6<\/h2>\n\n\n\n<p>2025\u5e7410\u6708\u306e\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u306e\u300c\u4e0b\u843d\u300d\u306f\u3001\u5b9f\u969b\u306b\u306f<strong>\u6025\u6fc0\u306a\u4e0a\u6607\u306e\u5f8c\u306e\u5065\u5168\u306a\u8abf\u6574<\/strong>\u3068\u3057\u3066\u7406\u89e3\u3059\u3079\u304d\u3067\u3042\u308b\u3002\u53f2\u4e0a\u6700\u9ad8\u5024\uff08126,000\u30c9\u30eb\uff09\u5230\u9054\u76f4\u5f8c\u306b\u767a\u751f\u3057\u305f\u53f2\u4e0a\u6700\u5927\u898f\u6a21\u306e\u6e05\u7b97\u30a4\u30d9\u30f3\u30c8\uff08191\u5104\u30c9\u30eb\uff09\u306f\u3001\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u3068\u5730\u653f\u5b66\u7684\u30b7\u30e7\u30c3\u30af\u304c\u7d44\u307f\u5408\u308f\u3055\u3063\u305f\u7d50\u679c\u3067\u3042\u308a\u3001\u5e02\u5834\u306e\u672c\u8cea\u7684\u306a\u5f31\u3055\u3092\u793a\u3059\u3082\u306e\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u4e3b\u306a\u4e0b\u843d\u8981\u56e0\u306e\u307e\u3068\u3081\uff1a<\/strong><\/p>\n\n\n\n<ol>\n<li><strong>\u76f4\u63a5\u7684\u30c8\u30ea\u30ac\u30fc<\/strong>: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306b\u3088\u308b100%\u5bfe\u4e2d\u8ffd\u52a0\u95a2\u7a0e\u306e\u767a\u8868\uff0810\u670810\u65e5\uff09<\/li>\n\n\n\n<li><strong>\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8<\/strong>: \u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u30ec\u30fc\u30c88%\u8d85\u3001\u8a18\u9332\u7684\u306a\u5148\u7269\u5efa\u7389<\/li>\n\n\n\n<li><strong>\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u4e0d\u78ba\u5b9f\u6027<\/strong>: \u666f\u6c17\u5f8c\u9000\u61f8\u5ff5\uff0840-60%\u306e\u78ba\u7387\uff09\u3001\u8cbf\u6613\u6226\u4e89\u306e\u6fc0\u5316<\/li>\n\n\n\n<li><strong>\u5229\u76ca\u78ba\u5b9a\u5727\u529b<\/strong>: \u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u4f9b\u7d66\u91cf\u306e97%\u304c\u5229\u76ca\u72b6\u614b<\/li>\n\n\n\n<li><strong>\u9023\u9396\u7684\u6e05\u7b97<\/strong>: 160\u4e07\u30a2\u30ab\u30a6\u30f3\u30c8\u304c\u5f71\u97ff\u3092\u53d7\u3051\u308b\u53f2\u4e0a\u6700\u5927\u306e\u6e05\u7b97\u30a4\u30d9\u30f3\u30c8<\/li>\n<\/ol>\n\n\n\n<p><strong>\u3057\u304b\u3057\u3001\u69cb\u9020\u7684\u306a\u57fa\u76e4\u306f\u5805\u56fa\uff1a<\/strong><\/p>\n\n\n\n<ul>\n<li>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u3088\u308b259\u5104\u30c9\u30eb\u306eETF\u7d14\u6d41\u5165\uff08\u5e74\u521d\u6765\uff09<\/li>\n\n\n\n<li>\u898f\u5236\u74b0\u5883\u306e\u5287\u7684\u306a\u6539\u5584\uff08\u7c73\u56fd\u3001EU\u3001\u30a2\u30b8\u30a2\uff09<\/li>\n\n\n\n<li>90\u793e\u4ee5\u4e0a\u306e\u4f01\u696d\u306b\u3088\u308b1,130\u5104\u30c9\u30eb\u306e\u8ca1\u52d9\u7701\u4fdd\u6709<\/li>\n\n\n\n<li>\u53d6\u5f15\u6240\u6b8b\u9ad8\u306e\u6e1b\u5c11\uff08\u4f9b\u7d66\u30b7\u30e7\u30c3\u30af\u306e\u5146\u5019\uff09<\/li>\n\n\n\n<li>\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30a4\u30f3\u30b7\u30c7\u30f3\u30c8\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u30ea\u30b9\u30af\u306f\u9650\u5b9a\u7684\uff08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u5b89\u5b9a\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u73fe\u5728\u306e\u5e02\u5834\u306f<strong>\u6050\u6016\u3068\u6a5f\u4f1a\u304c\u5171\u5b58\u3059\u308b\u74b0\u5883<\/strong>\u306b\u3042\u308b\u3002\u77ed\u671f\u7684\u306b\u306f10-20%\u306e\u5909\u52d5\u304c\u4e88\u60f3\u3055\u308c\u308b\u304c\u3001\u4e2d\u9577\u671f\u7684\u306a\u898b\u901a\u3057\u306f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3001\u898f\u5236\u5f53\u5c40\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u9593\u3067<strong>\u6c7a\u5b9a\u7684\u306b\u5f37\u6c17<\/strong>\u3067\u3042\u308b\u30022025\u5e74\u672b\u307e\u3067\u306b130,000-200,000\u30c9\u30eb\u30012026\u5e74\u521d\u982d\u307e\u3067\u306b200,000\u30c9\u30eb\u4ee5\u4e0a\u3068\u3044\u3046\u4e88\u6e2c\u304c\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>10\u6708\u306e\u6025\u843d\u306f\u3001\u5e02\u5834\u53c2\u52a0\u8005\u306b\u3068\u3063\u3066<strong>\u30ea\u30b9\u30af\u7ba1\u7406\u306e\u91cd\u8981\u6027\u3092\u518d\u8a8d\u8b58\u3055\u305b\u308b\u8cb4\u91cd\u306a\u6559\u8a13<\/strong>\u3068\u306a\u3063\u305f\u3002\u4eca\u5f8c\u306f\u3001\u3088\u308a\u6210\u719f\u3057\u305f\u5e02\u5834\u884c\u52d5\u3001\u9069\u5207\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u7ba1\u7406\u3001\u305d\u3057\u3066\u9577\u671f\u7684\u8996\u70b9\u304c\u6c42\u3081\u3089\u308c\u308b\u3002\u898f\u5236\u306e\u660e\u78ba\u5316\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u7d99\u7d9a\u7684\u53c2\u5165\u3001\u6280\u8853\u9769\u65b0\u306e\u9032\u5c55\u306b\u3088\u308a\u3001\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u306f<strong>\u6295\u6a5f\u7684\u8fba\u5883\u304b\u3089\u898f\u5236\u3055\u308c\u305f\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u306e\u4e00\u90e8\u3078\u3068\u79fb\u884c<\/strong>\u3057\u3066\u3044\u308b\u904e\u6e21\u671f\u306b\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u8ee2\u63db\u671f\u306b\u304a\u3051\u308b\u4e00\u6642\u7684\u306a\u8abf\u6574\u3092\u3001<strong>\u6b21\u306e\u6210\u9577\u6bb5\u968e\u3078\u306e\u5f37\u56fa\u306a\u57fa\u76e4\u3092\u7bc9\u304f\u904e\u7a0b<\/strong>\u3068\u3057\u3066\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2025\u5e7410\u6708\u306e\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u306f\u3001\u53f2\u4e0a\u6700\u9ad8\u5024\u3092\u8a18\u9332\u3057\u305f\u76f4\u5f8c\u306b\u53f2\u4e0a\u6700\u5927\u306e\u6e05\u7b97\u30a4\u30d9\u30f3\u30c8\u3092\u7d4c\u9a13\u3057\u3001\u73fe\u5728\u306f\u56de\u5fa9\u57fa\u8abf\u306b\u3042\u308b\u3002\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f10\u67086-7\u65e5\u306b126,000\u30c9\u30eb\u8d85\u306e\u53f2\u4e0a\u6700\u9ad8\u5024\u3092\u8a18\u9332\u3057\u305f\u304c\u300110\u670810-11\u65e5\u306b102,0 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/722"}],"collection":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=722"}],"version-history":[{"count":1,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/722\/revisions"}],"predecessor-version":[{"id":723,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/722\/revisions\/723"}],"wp:attachment":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}