受美國友好監管預期提振，比特幣逼近 10 萬美元水平

截至週五上午 7:03，最大的數位資產在新加坡的交易價格為 98,550 美元，週四在美國短暫觸及創紀錄的 99,000 美元。

Bitcoin approached the key level of US$100,000 on Friday, buoyed by expectations of friendly US regulations and expanding investor interest, largely driven by President-elect Donald Trump’s support for crypto.

週五，比特幣逼近10 萬美元的關鍵水平，受到美國友好監管的預期和不斷擴大的投資者興趣的提振，這在很大程度上是由當選總統唐納德·川普對加密貨幣的支持推動的。

The largest digital asset traded at $98,550 as of 7:03 a.m. Friday in Singapore after briefly scaling a record $99,000 on Thursday in the US.

截至週五上午 7:03，這一最大的數位資產在新加坡的交易價格為 98,550 美元，週四在美國短暫觸及創紀錄的 99,000 美元。

The crypto market as a whole has gained about $1 trillion since Trump’s November 5 election win.

自川普 11 月 5 日贏得大選以來，整個加密貨幣市場已上漲約 1 兆美元。

Among the latest in a recent tide of US developments, Securities and Exchange Commission Chair Gary Gensler plans to step down on January 20, when Trump is due to be inaugurated. Gensler’s tenure was marked by a flurry of SEC crypto enforcement actions, which the industry expects will peter out under Trump.

美國證券交易委員會主席加里詹斯勒 (Gary Gensler) 計劃於 1 月 20 日川普就職典禮當天辭職，這是美國近期的最新動態之一。 Gensler 的任期以 SEC 的一系列加密執法行動為標誌，業界預計這些行動將在川普的領導下逐漸消失。

Trump’s transition team has begun to hold discussions over whether to create a new White House post dedicated to digital-asset policy. Crypto is seeking a direct line to the president-elect, who is now an industry cheerleader.

川普的過渡團隊已開始討論是否在白宮設立一個專門負責數位資產政策的新職位。 Crypto 正在尋求與當選總統的直接聯繫，後者現在是該行業的啦啦隊長。

The Trump inflection is filtering across Wall Street. Charles Schwab Corp.’s incoming Chief Executive Officer Rick Wurster said Thursday the firm will get into offering spot crypto trading once regulatory changes materialise.

川普的態度正在蔓延整個華爾街。查爾斯·施瓦佈公司(Charles Schwab Corp.)即將上任的執行長里克·沃斯特(Rick Wurster)週四表示，一旦監管變化成為現實，該公司將開始提供現貨加密貨幣交易。

Bitcoin accumulator MicroStrategy’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin exchange-traded funds, also lifted sentiment this week.

比特幣累積器 MicroStrategy 計畫加速購買該代幣，以及美國比特幣交易所交易基金選擇權的首次亮相，也提振了本週的市場情緒。

“We can focus on news that SEC Chair Gary Gensler will step down on January 20, sizeable inflows into the ETFs, and the role that options play in driving prices higher, but this is an out-and-out momentum rally, and US$100,000 is acting as a magnet,” Chris Weston, head of research at Pepperstone Group, wrote in a note.

「我們可以專注於SEC 主席加里·詹斯勒(Gary Gensler) 將於1 月20 日卸任的消息、大量資金流入ETF，以及期權在推高價格方面所發揮的作用，但這是一次不折不扣的勢頭反彈，10 萬美元Pepperstone Group 研究主管 Chris Weston 在一份報告中寫道。

Advocates of Bitcoin’s claimed role as a modern-day store of value cherish the US$100,000 level as a symbolic rebuttal of skeptics who see little utility in crypto and decry its links to crime. While the token has more than doubled in price this year, many experts still question its fitness for investment portfolios.

比特幣作為現代價值儲存手段的擁護者珍惜 10 萬美元的水平，以此象徵性地反駁懷疑論者，他們認為加密貨幣沒什麼用處，並譴責其與犯罪的聯繫。儘管該代幣的價格今年上漲了一倍多，但許多專家仍然質疑是否適合投資組合。

‘Very volatile’

“非常不穩定”

“Bitcoin is not something you can value,” Themis Themistocleous, EMEA chief investment officer at UBS Wealth Management, said on Bloomberg Television. It’s very volatile, and we think you can have in your portfolio other hedges like gold, that all the time prove to be a much more effective hedge.”

瑞銀財富管理公司歐洲、中東和非洲地區首席投資官 Themis Themistocleous 在彭博電視上表示：“比特幣不是一種可以估價的東西。”它的波動性很大，我們認為你可以在你的投資組合中加入其他對沖工具，例如黃金，事實證明，這是一種更有效的對沖工具。

A group of one dozen US ETFs investing in Bitcoin attracted a net inflow of US$5.9 billion in the period following Election Day, according to data compiled by Bloomberg. The group’s total assets have reached an all-time high of $100 billion.

根據彭博社彙編的數據，在選舉日之後的一段時間內，由 12 隻投資比特幣的美國 ETF 吸引了 59 億美元的淨流入。集團總資產已達1000億美元，創歷史新高。

Trump has pledged to create a supportive US crypto regulatory framework and set up a strategic Bitcoin stockpile. However, the timeline for implementing his promises and the feasibility of the Bitcoin reserve remain unclear.

川普承諾創建一個支持性的美國加密貨幣監管框架，並建立戰略性比特幣儲備。然而，兌現其承諾的時間表以及比特幣儲備的可行性仍不清楚。

The president-elect used to be a crypto skeptic but changed tack after digital-asset firms spent heavily during the election campaign to promote their interests. He also has his own digital-asset projects.

這位當選總統曾經是加密貨幣懷疑論者，但在數位資產公司在競選期間投入大量資金以促進其利益後，他改變了策略。他還有自己的數位資產項目。

The current optimism has dulled memories of a market rout in 2022 that exposed fraud and other risky practices and led to the collapse of platforms, including Sam Bankman-Fried’s FTX exchange. The turmoil prompted the SEC clampdown that now appears set to ease under Trump.

當前的樂觀情緒淡化了人們對 2022 年市場暴跌的記憶，這場暴跌暴露了詐欺和其他風險行為，並導致包括 Sam Bankman-Fried 的 FTX 交易所在內的平台崩潰。這場動盪促使美國證券交易委員會(SEC)採取嚴厲措施，而在川普的領導下，這種打擊力道似乎有所放鬆。

“Bitcoin embodies change,” wrote Noelle Acheson, author of the Crypto Is Macro Now newsletter. For “those of us who grasped long ago the potential for a new form of data transfer to alter how citizens view authority and how authority views society, it’s both encouraging and a bit alarming to see the validation,” she said.

「比特幣體現了變化，」《加密貨幣現在是宏觀》時事通訊的作者諾埃爾艾奇遜寫道。她說：「對於我們這些很久以前就意識到一種新的數據傳輸形式有可能改變公民如何看待權威以及權威如何看待社會的人來說，看到這種驗證既令人鼓舞又有點令人震驚。