比特幣（BTC）會從特朗普政府的關稅戰爭中反彈嗎？

最近，加密貨幣市場尚未達到特朗普政府的期望。雖然投資者希望監管改革和比特幣戰略儲備將提高價格

Recently, the crypto market has yet to live up to expectations under the Trump Administration despite investors’ hopes for regulatory reforms, the Bitcoin Strategic Reserve, and the impact of Trump’s new policies on crypto prices.

最近，儘管投資者對監管改革，比特幣戰略儲備以及特朗普的新政策對加密貨幣價格的影響，但加密貨幣市場尚未達到特朗普政府的期望。

Instead, Bitcoin’s price has fallen from over $100,000 at the start of the year to the mid-$80,000s for most of March.

取而代之的是，比特幣的價格從今年年初的100,000美元下降到3月的大部分時間中的80,000美元。

With the markets bracing up for Trump’s reciprocal tariffs, to be announced on Tuesday at 4 p.m. ET, it remains uncertain how BTC will react in the long run.

隨著市場將在周二下午4點宣布的特朗普的互惠關稅上付出代價，從長遠來看，BTC將如何做出反應，這仍然不確定。

President Trump is gearing up to drop a major announcement, dubbed “Liberation Day,” on Tuesday at 4 p.m. ET. The announcement will focus on unveiling reciprocal tariffs targeting 15 countries, including China, Canada, and Mexico, which have already imposed tariffs on the U.S.

特朗普總統正準備在周二下午4點美國東部時間（Liberation Day）宣布“解放日”。該公告將著重於針對包括中國，加拿大和墨西哥在內的15個國家的相互關稅，這些關稅已經對美國征收關稅

However, the announcement is likely to be the subject of speculation and rumors.

但是，該公告可能是猜測和謠言的主題。

As the world’s largest economy faces an onslaught of tariffs from its trading partners, President Trump is preparing to retaliate with a broad-ranging tariff program of his own.

隨著世界上最大的經濟體面臨其貿易夥伴關稅的衝擊，特朗普總統正準備通過自己的廣泛關稅計劃進行報復。

The move is set to affect 15 countries that have already placed tariffs on U.S. goods, in an effort to exert pressure on these nations to open up their markets and reduce the trade deficit with the U.S.

此舉將影響15個已經對美國商品徵收關稅的國家，以期向這些國家施加壓力，以開放其市場並減少與美國的貿易赤字

Among the countries targeted by Trump’s tariffs are Canada, Mexico, China, India, Brazil, Turkey, Spain, France, Germany, Italy, Japan, Korea, Taiwan, Thailand, and Vietnam.

特朗普關稅針對的國家包括加拿大，墨西哥，中國，印度，巴西，土耳其，西班牙，法國，德國，意大利，日本，韓國，台灣，泰國，泰國和越南。

These tariffs are expected to be imposed on a wide range of goods, including food, clothing, machinery, and electronics. The tariffs could have a significant impact on both consumers and businesses in the U.S. and abroad.

預計這些關稅將被強加於各種商品，包括食品，服裝，機械和電子產品。關稅可能會對美國和國外的消費者和企業產生重大影響。

Tariff War Shakes Up the Market

關稅戰在市場上搖擺

The ongoing tariff war is shaking up the stock market, with the S&P 500 dropping over 2% in the past five days. Bitcoin’s price often follows the market, so it could face more ups and downs. The trade war is likely to cause more short-term price swings.

持續的關稅戰爭正在震撼股票市場，在過去五天中，標準普爾500指數下降了2％以上。比特幣的價格經常遵循市場，因此它可能會面臨更多的起伏。貿易戰可能會導致更多的短期價格波動。

Crypto prices have taken a hit as they’ve become more tied to traditional assets like stocks and bonds, which are struggling due to economic uncertainty. U.S. tariffs on imports have left Wall Street worried about a global recession, making investors wary of risky assets like crypto.

加密價格已經受到打擊，因為它們與股票和債券等傳統資產更加緊密，這些資產由於經濟不確定性而苦苦掙扎。美國對進口的關稅使華爾街擔心全球經濟衰退，這使得投資者對加密貨幣等風險資產保持警惕。

Marc Ostwald, Chief Economist at ADM Investor Services International, explained that “Markets are losing their ‘risk appetite,’ which is pushing crypto further from safe-haven assets like gold, which remains the go-to choice in uncertain times.”

ADM Investor Services International的首席經濟學家Marc Ostwald解釋說：“市場正在失去其'風險胃口'，這將加密貨幣從諸如黃金之類的避行資產中進一步推動，這在不確定時期仍然是不確定的選擇。”

As the global financial and trade system grows more fragmented, investors are increasingly seeking safer alternatives to riskier assets, and also place the U.S. dollar in a less favorable position.

隨著全球金融和貿易體系的增長越來越零，投資者越來越多地尋求更安全的替代品，對風險較高的資產，也將美元置於不利的位置。

Right now, gold is the preferred choice, having already gained 18% in the year to date. But this could change, according to Omid Malekan, adjunct professor at Columbia Business School, who believes that Bitcoin might soon take over as the ‘new gold’.

目前，黃金是首選的選擇，迄今為止已經在一年中獲得了18％。但哥倫比亞商學院兼職教授Omid Malekan認為，這可能會改變，他認為比特幣可能很快將其接管為“新黃金”。

“The future is uncertain as both crypto and tariffs are new and complex. Some might say that crypto is a risky tech asset, so its price would fall due to tariffs. But Bitcoin is also seen as ‘digital gold,’ and gold prices are rising with the tariff news. I personally believe that when the economy is uncertain, investors might turn more to Bitcoin, just like they’ve turned to gold recently.”

“未來是不確定的，因為加密和關稅都是新穎而復雜的。有人可能會說加密貨幣是一種風險的技術資產，因此由於關稅而將其價格下降。但是，比特幣也被視為“數字黃金”，金價隨著關稅新聞而上漲。我個人相信，當經濟不確定時，投資者可能會變成更多的比特幣，就像他們變成了比特幣一樣。

Tariffs Could Boost Bitcoin

關稅可以提高比特幣

In another positive note, Zach Pandl, head of research at Grayscale, feels that the impact of tariffs on crypto could be “priced in” and the worst might be over already.

在另一個積極的看來，格雷斯卡爾（Grayscale）研究負責人扎克·潘德（Zach Pandl）認為關稅對加密貨幣的影響可能會“定價”，最糟糕的情況可能已經結束了。

Besides, he believes that the Liberation Day announcement could help ease the financial market struggles and if the tariffs are kept tough but phased, targeting 15 countries, the markets will likely rally.

此外，他認為，解放日的宣布可以幫助緩解金融市場的鬥爭，如果關稅保持艱難，但分階段是針對15個國家的，市場可能會集結。

Pandl added that events like Circle’s IPO wouldn’t be happening if institutions weren’t getting more comfortable with the crypto space and its regulations. He believes that the tariffs will reduce the demand for the U.S. dollar and open the door for other currencies like Bitcoin.

Pandl補充說，如果機構對加密空間及其法規越來越滿意，諸如Circle的IPO之類的事件將不會發生。他認為，關稅將減少對美元的需求，並為像比特幣這樣的其他貨幣打開大門。

Pandl still believes that Bitcoin will reach a new all-time high this year, despite the current negative sentiment around its price due to the market downturn.

Pandl仍然認為，儘管由於市場低迷，目前的負面情緒圍繞其價格，比特幣今年將達到今年的新歷史最高水平。

Bounce-back For Bitcoin?

比特幣反彈？

While crypto traders are used to rapid price swings, even the most experienced traders were surprised by Bitcoin’s recent price drop.

儘管加密貨幣交易者被用來快速價格波動，但即使是最有經驗的交易者，比特幣最近的價格下跌感到驚訝。

After reaching an all-time high of $103,000 in early January, Bitcoin has encountered significant headwinds.

在1月初達到了103,000美元的歷史最高點之後，比特幣遇到了巨大的逆風。

As the S&P 500 slides further into a bear market and the U.S. prepares for another round of tariffs, traders are bracing for more volatility in crypto markets.

隨著標準普爾500指數進一步滑入熊市，美國為另一輪關稅做準備，交易者正在為加密貨幣市場的更多波動而做好準備。

But despite the gloomy outlook and pessimistic outlooks from some analysts, traders are still hopeful that Trump’s

但是，儘管一些分析師的前景和悲觀的前景令人沮喪，但交易者仍然希望特朗普的