比特幣在市場潰敗中表現出令人驚訝的表現

持續的市場潰敗，以應對美國關稅問題，貿易戰升級和地緣政治緊張局勢為投資者帶來挑戰

The ongoing market rout in response to U.S. tariff concerns, escalating trade wars, and geopolitical tensions creates challenges for investors seeking havens and opportunity. Bitcoin (BTC) emerged in the last week as a surprising performer, volatile and yet ultimately resilient during equity and bond drawdowns.

持續的市場破壞應對美國關稅問題，貿易戰升級和地緣政治緊張局勢為尋求避風港和機會的投資者帶來挑戰。比特幣（BTC）在上週出現，是一個令人驚訝的表演者，易變的，但最終在股票和債券降低期間有彈性。

Those investors leery of direct investing into bitcoin but seeking exposure should consider the CoinShares Valkyrie Bitcoin Miners ETF (NYSE:WGMI). The actively managed fund provides pure-play exposure to bitcoin miners in North America.

那些直接投資對比特幣的投資者持有貸款，但尋求曝光應考慮Coinshares Valkyrie Bitcoin Miners ETF（NYSE：WGMI）。積極管理的基金可為北美的比特幣礦工提供純粹的遊戲風險。

The Devaluation of the Dollar and U.S. Tariffs

美元和美國關稅的貶值

The U.S. dollar has been rapidly depreciating in recent months, hitting 20-month lows against a basket of currencies. This devaluation is partly due to the massive stimulus spending during the COVID-19 pandemic, which has led to a sharp rise in the U.S. national debt.

近幾個月來，美元一直在迅速折舊，擊中了20個月的低點。這種貶值的部分原因是在19日大流行期間的巨大刺激支出，這導緻美國國家債務的急劇上升。

As the dollar depreciates, other currencies, such as the euro and the yen, tend to appreciate in value. This can create problems for U.S. exporters, who will find their goods becoming more expensive relative to foreign competitors.

由於美元貶值，其他貨幣（例如歐元和日元）傾向於欣賞價值。這可能會給美國出口商帶來問題，他們發現相對於外國競爭對手而言，他們的商品變得越來越昂貴。

In response to these concerns, U.S. President Donald Trump has threatened to impose tariffs on a vast range of goods imported from China and other countries. These tariffs are designed to raise the prices of U.S. consumers and businesses, which could lead to a decrease in demand for foreign goods.

為了應對這些問題，美國總統唐納德·特朗普（Donald Trump）威脅要對從中國和其他國家進口的各種商品徵收關稅。這些關稅旨在提高美國消費者和企業的價格，這可能導致對外國商品的需求減少。

Trump's administration has already imposed tariffs on $250 billion worth of Chinese goods, and is threatening to impose tariffs on an additional $1 trillion in goods if China does not agree to a trade deal. These tariffs are set to take effect on Sunday, April 14.

特朗普的政府已經對價值2500億美元的中國商品徵收關稅，並威脅要對中國不同意貿易協議，徵收另外1萬億美元的商品關稅。這些關稅定於4月14日星期日生效。

The administration is also planning to impose tariffs of 10% on all goods from Canada, Mexico, and the European Union, beginning on Monday, April 15. These tariffs would be in response to what the administration deems unfair trade practices by these countries.

政府還計劃從4月15日星期一開始對加拿大，墨西哥和歐盟的所有商品徵收10％的關稅。這些關稅將對政府認為這些國家的不公平貿易做法的回應。

The Trump administration has stated that the tariffs are necessary to protect U.S. jobs and to reduce the trade deficit. However, critics argue that the tariffs will ultimately harm the U.S. economy by raising prices for consumers and businesses, and leading to job losses.

特朗普政府表示，關稅是保護美國就業機會和減少貿易赤字的必要條件。但是，批評家認為，關稅最終將通過提高消費者和企業的價格並導致失業來損害美國經濟。

The administration is also planning to impose tariffs of 10% on all goods from Canada, Mexico, and the European Union, beginning on Monday, April 15. These tariffs would be in response to what the administration deems unfair trade practices by these countries.

政府還計劃從4月15日星期一開始對加拿大，墨西哥和歐盟的所有商品徵收10％的關稅。這些關稅將對政府認為這些國家的不公平貿易做法的回應。

The Trump administration has stated that the tariffs are necessary to protect U.S. jobs and to reduce the trade deficit. However, critics argue that the tariffs will ultimately harm the U.S. economy by raising prices for consumers and businesses, and leading to job losses.

特朗普政府表示，關稅是保護美國就業機會和減少貿易赤字的必要條件。但是，批評家認為，關稅最終將通過提高消費者和企業的價格並導致失業來損害美國經濟。

Bitcoin Price Today

今天的比特幣價格

The world's largest cryptocurrency is currently trading at $84,959 as of midday trading on Thursday, April 17. BTC dropped to lows near $75,000 on April 9.

截至4月17日（星期四）中午交易，全球最大的加密貨幣目前的交易價格為84,959美元。 BTC在4月9日下降到低點接近75,000美元。

Between April 1 and April 17, bitcoin's price has risen by nearly 2%.

在4月1日至4月17日之間，比特幣的價格上漲了近2％。

The cryptocurrency has been known for its volatility, which could prove an attractive alternative for some investors as U.S. economic outlooks crumble. In an environment where the dollar is challenged, U.S. debt climbs, and global trade scrambles to establish a new regime, an investment case for bitcoin's decentralized approach to finance could hold appeal. On a more fundamental level, bitcoin could provide diversification should prices continue to diverge from equity performance.

加密貨幣以其波動性而聞名，這對於某些投資者而言，隨著美國經濟前景崩潰，這可能是一種有吸引力的替代品。在挑戰美元挑戰的環境中，美國債務攀升和全球貿易爭奪建立新政權，比特幣分散式資金的投資案例可以提起上訴。從更基本的角度來看，如果價格繼續與股票績效差異，比特幣可以提供多元化。

"Bitcoin is consolidating at higher levels (and above where it was trading before Trump’s election win in November last year), and the structural groundwork—ranging from institutional infrastructure to sovereign-level interest—is being quietly laid," Bitfinex bitcoin and crypto exchange analysts explained in a note to Forbes.

“比特幣在較高的水平上（在特朗普去年11月的特朗普選舉贏得勝利之前進行交易的位置），而結構性的基礎工作（從機構基礎設施到主權級別的利益）是悄悄地置於的，” Bitfinex Bitcoin和Crypto Explactant在註明Forbes的註釋中說明了。

CoinShares Valkyrie Bitcoin Miners ETF

Coinshares Valkyrie比特幣礦工ETF

For those investors seeking opportunity in bitcoin but leery of direct exposure, the CoinShares Valkyrie Bitcoin Miners ETF (NYSE:WGMI) could provide opportunity. The actively managed fund provides pure-play exposure to bitcoin miners in North America.

對於那些在比特幣中尋求機會但直接曝光的投資者來說，Coinshares Valkyrie Bitcoin Miners ETF（NYSE：WGMI）可以提供機會。積極管理的基金可為北美的比特幣礦工提供純粹的遊戲風險。

The fund doesn't invest directly in bitcoin. Rather, WGMI invests in companies who earn at least half their profits or revenue from bitcoin mining. It also invests in those companies providing hardware, software or services to bitcoin mining companies. Additionally, the strategy seeks companies that manufacture specialized chips used in bitcoin mining.

該基金不會直接投資比特幣。相反，WGMI投資於從比特幣採礦中獲得至少一半利潤或收入的公司。它還投資於為比特幣採礦公司提供硬件，軟件或服務的公司。此外，該戰略還尋求製造用於比特幣採礦的專業芯片的公司。

Bitcoin mining entails running mining computer rigs with specialized programs. These rigs use intense computations to validate transactions on the Bitcoin Network, a decentralized blockchain ledger. As miners validate transactions and solve computations, they create new blocks for the blockchain and are rewarded with newly minted bitcoin cryptocurrency as well as transaction fees.

比特幣採礦需要使用專業程序運行採礦計算機鑽機。這些鑽機使用強烈的計算來驗證比特幣網絡上的交易，這是一個分散的區塊鏈分類帳。當礦工驗證交易並解決計算時，他們為區塊鏈創建了新的區塊，並獲得了新近鑄造的比特幣加密貨幣以及交易費用的獎勵。

Bitcoin has a finite amount of supply (21 million), with halving events approximately every four years. Each halving reduces the amount of bitcoin paid for creation of new blocks, cutting supply in half. This means that over time, bitcoin miners will earn less for mining

比特幣的供應量有限（2100萬），大約每四年減半。每個減半都會減少用於創建新塊的比特幣的數量，從而將供應量減少了一半。這意味著，隨著時間的流逝，比特幣礦工的採礦收入會減少