梅薩里說

隨著前總統唐納德·特朗普（Donald Trump）的加快要求提高關稅的要求，加密研究公司彌賽亞（Messari）提出了貿易緊張局勢

In a surprising twist to the crypto narrative, former President Donald Trump's persistent calls for increased tariffs could ultimately pave the way for Bitcoin's emergence as an inflation hedge, according to a new analysis by crypto research firm Messari.

根據加密研究公司Messari的一項新分析，前總統唐納德·特朗普（Donald Trump）的持續呼籲最終可能為比特幣作為通貨膨脹對沖的出現鋪平道路，這是對加密貨幣敘事的令人驚訝的轉折。

As Trump continues to flounder in his attempts to get the administration to ramp up tariffs once again, the resulting trade tensions might fundamentally shift Bitcoin's role in the global financial system, Messari's Enterprise Research Analyst Dylan Bane suggests in a recent analysis.

隨著特朗普在試圖使政府再次提高關稅的嘗試中繼續掙扎，由此產生的貿易緊張局勢可能從根本上改變了比特幣在全球金融體系中的作用，彌賽亞的企業研究分析師迪倫·貝恩（Dylan Bane）在最近的分析中建議。

If tariffs ultimately weaken the U.S. dollar's dominance, then Bitcoin (BTC) could be recognized as a credible inflation hedge and a long-term store of value—much like gold, which has traditionally served as an inflation hedge.

如果關稅最終削弱了美元的統治地位，那麼比特幣（BTC）可以被認為是可靠的通貨膨脹對沖和長期價值的可靠儲存，就像黃金一樣，它傳統上是通貨膨脹對沖的。

Currently, Bitcoin remains highly correlated with U.S. equity markets, specifically the S&P 500. At times, this correlation has exceeded 70%, which aligns with the view of Bitcoin as a risk-on asset that's closely tied to the tech sector's performance.

目前，比特幣仍與美國股票市場（特別是標準普爾500指數）保持高度相關。有時，這種相關性超過70％，這與比特幣視為與技術部門績效緊密相關的風險資產的看法一致。

However, Bane believes this correlation could change over time as Trump's tariff agenda unfolds.

但是，貝恩認為，隨著特朗普的關稅議程的展開，這種相關性可能會隨著時間而改變。

"Over time, we believe [tariffs] could lead to Bitcoin decoupling from U.S. equities," Bane said. "It may increasingly be viewed not as a tech stock proxy or risk-on trade, but as a credible inflation hedge and long-term store of value."

貝恩說：“隨著時間的流逝，我們認為[關稅]可能導致比特幣與美國股票的脫鉤。” “越來越多地將其視為技術股票代理或風險貿易，而是可靠的通貨膨脹對沖和長期價值存儲。”

The analysis highlights that sustained tariff policies could undermine the U.S. dollar's status as the world's reserve currency, a shift that would have dramatic implications for global finance.

分析強調，持續的關稅政策可能會破壞美元作為全球儲備貨幣的地位，這一轉變對全球金融產生了巨大影響。

"Continued tariffs could catalyze structural economic change," Bane explained, adding that this change may lead to "a decoupling of Bitcoin from traditional assets as it gains recognition as an independent store of value."

貝恩解釋說：“持續關稅可能會催化結構性的經濟變化。”他補充說，這種變化可能會導致“比特幣與傳統資產的脫鉤，因為它獲得了作為獨立價值的獨立存儲。”

If the U.S. dollar's global supremacy comes into question, then Bitcoin could stand to benefit, especially among investors seeking a hedge against fiat currency devaluation and rising inflation.

如果美元的全球至高無上受到質疑，那麼比特幣可能會受益，尤其是在尋求對沖菲亞特貨幣貶值和通貨膨脹率上升的投資者中。