比特幣（BTC）可以從人民幣的弱點中受益，因為中國資本尋求分散資產的庇護

自2007年以來，中國人民幣（CNY）一直跌至其最低水平，成為美國和中國之間不斷升級的貿易戰的中心閃點。

The Chinese renminbi (CNY) has weakened to its lowest point since 2007, becoming a central flashpoint in the escalating trade war between the United States and China.

自2007年以來，中國人民幣（CNY）削弱了其最低點，成為美國與中國之間不斷升級的貿易戰的中心閃點。

The move has also reignited speculation that yuan weakness could once again serve as a bullish catalyst for Bitcoin (BTC), as investors brace for tighter capital controls and seek alternative stores of value.

此舉還重新激發了人們的猜測，即Yuan的弱點可以再次成為比特幣（BTC）的看漲催化劑，作為投資者的資本控制，並尋求替代價值的替代商店。

Yuan Hits Rmb7.351 — PBoC Signals Controlled Depreciation

元命中率7.351元 - PBOC信號控制折舊

The onshore yuan touched Rmb7.351 per USD before recovering slightly, according to TradingView data. The People’s Bank of China (PBoC) has allowed a weaker “fixing” rate for six consecutive sessions, signaling an official shift toward currency depreciation.

根據TradingView數據，陸上人民幣在稍微恢復之前觸及了每美元的7.351 rmb7.351。中國人民銀行（PBOC）連續六屆會議的“確定”率較弱，這表明正式轉向貨幣貶值。

The last time the yuan saw such pressure was during the global financial crisis.

人民幣上一次看到這種壓力是在全球金融危機期間。

“The PBoC appears to be allowing a modest decline to cushion exporters from the impact of U.S. tariffs,” analysts noted, pointing to last week’s sweeping tariffs announced by President Donald Trump.

分析師指出：“ PBOC似乎使墊子出口商降低了墊子的出口商。”

While U.S. Treasury Secretary Scott Bessent warned against further CNY devaluation—calling it “a tax on the rest of the world”—China has thus far avoided any shock moves, aiming instead for a “controlled pace of depreciation,” according to a Chinese state bank trader.

儘管中國國家銀行貿易商稱，雖然美國財政部長斯科特·貝斯特（Scott Bessent）警告不要進一步貶值，但要宣布“對世界其他地方的稅”，但迄今為止，中國避免了任何震驚的舉動，而是旨在“折舊的速度”。

US-China Trade War Escalates

美國 - 中國貿易戰升級

Tensions rose sharply after Trump unveiled a 125% tariff on Chinese imports while temporarily pausing tariffs for other nations at 10%. In response, China slapped an 84% tariff on American goods.

在特朗普公佈了中國進口稅率125％的同時，暫時暫停了其他國家的關稅，緊張局勢急劇下降。作為回應，中國對美國商品收取了84％的關稅。

The offshore yuan (CNH), which trades more freely, hit a record low of Rmb7.42 this week.

更自由地進行交易的海上人民幣（CNH）本周達到了創紀錄的7元。

Meanwhile, capital outflows appear to be accelerating, with the Hong Kong dollar hitting its strongest level against the USD since 2021.

同時，資本流出似乎正在加速，香港美元以來，香港以自2021年以來的價格達到了最強的水平。

Historical Trends Suggest Bitcoin Could Benefit

歷史趨勢表明比特幣可以受益

Periods of CNY weakness have coincided with surging Bitcoin interest among Chinese investors.

CNY弱點的時期與中國投資者之間的比特幣興趣激增。

Arthur Hayes, co-founder of BitMEX, pointed out that during similar macro conditions in 2013 and 2015, Bitcoin experienced explosive growth as a hedge against yuan depreciation.

BITMEX聯合創始人Arthur Hayes指出，在2013年和2015年的類似宏觀條件下，比特幣經歷了爆炸性增長，作為對元貶值的對沖。

“CNY deval = narrative that Chinese capital flight will flow into $BTC,” Hayes said on X.

海斯在X上說：“ CNY DEVAL =中國資本飛行將流向$ BTC的敘述。”

In 2017, when China imposed tighter capital controls and banned local crypto exchanges, Bitcoin demand surged domestically. Chinese exchanges like Huobi and OKX once accounted for over 90% of global BTC trading volumes.

2017年，當中國實施更嚴格的資本控制並禁止當地加密交易所，比特幣需求在國內飆升。像Huobi和OKX這樣的中國交流曾經佔全球BTC交易量的90％以上。

“The Chinese really look to Bitcoin as an excellent digital store of value — a new electronic version of gold,” said Bobby Lee, founder of BTC China.

BTC China的創始人Bobby Lee說：“中國人確實將比特幣視為一種出色的價值數字商店，這是黃金的新電子版。”

With China still enforcing strict capital controls, limiting overseas fund transfers to $50,000 annually, Bitcoin continues to present itself as a decentralized alternative to preserve wealth.

隨著中國仍在執行嚴格的資本管制，每年將海外基金轉移限制為50,000美元，比特幣繼續將自己作為保存財富的分散替代方案。

Analysts Eye Capital Flight and Bitcoin Momentum

分析師醒目的飛行和比特幣動量

As Beijing’s monetary policy shifts to buffer against tariffs, analysts are watching for spillover effects into crypto markets. A rising BTC/CNY narrative could re-emerge if Chinese investors seek refuge from inflation and policy uncertainty.

隨著北京的貨幣政策轉移到針對關稅的緩衝區，分析師正在關注加密市場的溢出效應。如果中國的投資者尋求避難和政策不確定性，BTC/CNY敘述的上升可能會重新出現。

Chris Burniske, a prominent crypto investor, previously predicted that yuan weakness would drive BTC higher—a pattern that played out during past trade shocks.

著名的加密投資者克里斯·伯尼斯克（Chris Burniske）此前曾預測，元的弱點將使BTC更高，這種模式在過去的貿易衝擊過程中發揮了作用。

With BTC trading above $82,000 and up nearly 9% in 24 hours following Trump’s temporary tariff pause, analysts warn that another yuan-led Bitcoin rally could be forming.

在特朗普臨時關稅暫停之後24小時內，BTC的交易超過82,000美元，並上漲了近9％，分析師警告說，另一個由人民幣領導的比特幣集會可能會形成。

Key Takeaways:

關鍵要點：

The yuan hit Rmb7.351, its lowest level since 2007.

人民幣擊中了自2007年以來的最低水平。

Trade war escalates, with the U.S. imposing 125% tariffs on China and Beijing retaliating.

貿易戰升級，美國對中國和北京報復徵收125％的關稅。

Past yuan devaluations have triggered Bitcoin surges as Chinese investors seek financial hedges.

過去的投資者尋求金融對沖，過去的元貶值引發了比特幣的潮流。

Capital flight and strict controls could reinforce Bitcoin’s role as a decentralized store of value.

資本飛行和嚴格的控制可以增強比特幣作為分散的價值存儲的作用。