比特幣價格突然飆升，突破先前的歷史高點並攀升至 106,000 美元以上

在特斯拉億萬富翁伊隆馬斯克煽動人們對美元未來的懷疑的幫助下，比特幣價格自八月低點以來已經上漲了一倍多。

Bitcoin has suddenly surged higher, passing its previous all-time high and climbing to over $106,000 as incoming U.S. president Donald Trump confirms his plan for a bitcoin game-changer.

隨著即將上任的美國總統唐納德·川普確認其改變比特幣遊戲規則的計劃，比特幣突然飆升，突破了之前的歷史高點，並攀升至 106,000 美元以上。

The bitcoin price has more than doubled since dropping to August lows, helped by Tesla billionaire Elon Musk fanning flames of doubt over the future of the U.S. dollar.

在特斯拉億萬富翁伊隆馬斯克煽動人們對美元未來的懷疑的幫助下，比特幣價格自八月低點以來已經上漲了一倍多。

Now, as a leak reveals Russia could be poised to beat the U.S. to a bitcoin reserve, the Federal Reserve has been warned its "biggest nightmare" could come true in 2025.

現在，有消息稱俄羅斯可能準備在比特幣儲備方面擊敗美國，美聯儲已被警告其「最大的噩夢」可能會在 2025 年成為現實。

Federal Reserve chair Jerome Powell could see the Fed's "nightmare" scenario play out next ... [+] year—while the bitcoin price surges to a fresh all-time high.

聯準會主席鮑威爾可能會看到聯準會的「噩夢」場景將在明年上演，而比特幣價格將飆升至歷史新高。

"We believe stagflation is coming in 2025, the Fed’s biggest nightmare." analysts with The Kobeissi Letter posted to Axios, referring to a combination of economic stagnation and soaring inflation.

“我們認為滯脹將於 2025 年到來，這是美聯儲最大的噩夢。”分析師在 Axios 上發表了《Kobeissi Letter》，提到了經濟停滯和通膨飆升的雙重影響。

Kobeissi analysts pointed to a report from asset management giant Apollo which predicted "a rebound in inflation in 2025 and not a softening to justify Fed [interest rate] cuts."

Koheissi分析師指出，資產管理巨頭Apollo的一份報告預測，“2025年通膨將反彈，而不是疲軟，從而證明聯準會降息是合理的。”

"The probability is rising that the Fed may have to raise interest rates in 2025," Torsten Sløk, Apollo's chief economist, wrote in the report, asking: "Will we see a repeat of the 1970s with the Fed easing policy too quickly, triggering a rise in inflation in 2025?"

Apollo首席經濟學家Torsten Sløk在報告中寫道：「聯準會在2025年升息的可能性正在上升。」他問道：「我們是否會看到1970年代的情況重演，聯準會太快放鬆政策，引發2025 年通膨會上升嗎？

Last week, the influential billionaire investor Ray Dalio warned of a looming "debt crisis" which he expects will trigger a sharp decline in the value of the U.S. dollar.

上週，頗具影響力的億萬富翁投資者雷·達利奧(Ray Dalio)警告稱，「債務危機」迫在眉睫，他預計這將引發美元大幅貶值。

U.S. debt has soared over recent years, topping $34 trillion at the beginning of 2024, with Covid and lockdown stimulus measures contributing to massive government spending and helping to send inflation spiraling out of control in 2022.

近年來，美國債務飆升，2024 年初突破 34 兆美元，新冠疫情和封鎖刺激措施導致政府巨額支出，並導致 2022 年通膨失控。

Inflation of over 10% forced the Federal Reserve to hike interest rates at a historical clip, pushing up debt interest payments and fueling fears of a "death spiral."

超過10%的通貨膨脹迫使聯準會以歷史性的速度升息，推高了債務利息支付並加劇了對「死亡螺旋」的擔憂。

This week, the Federal Reserve is widely expected to cut interest rates by a quarter-point, despite data showing inflation ticked higher last week, with a Bloomberg survey of economists finding a consensus for three further interest rate cuts in 2025.

儘管數據顯示上週通膨小幅走高，但人們普遍預期聯準會本週將降息 25 個基點，彭博社對經濟學家的調查發現，聯準會在 2025 年進一步降息三次已達成共識。

However, a Financial Times poll of economists found the Fed will next year take a more cautious approach to interest rate cuts due to fears the Trump administration’s policies that include sweeping tariffs, deportations, and cuts to taxes and regulations, could stoke higher inflation.

然而，《金融時報》對經濟學家的一項民意調查發現，由於擔心川普政府的全面關稅、驅逐出境以及削減稅收和監管等政策可能會引發更高的通膨，聯準會明年將在降息方面採取更加謹慎的態度。

"Inflation has come down more painlessly than I and most people had expected, but I think we may still be seeing that the last bit [getting to target] will be a little harder, and so that certainly is an unlikely environment for the Fed to be in a hurry to reduce rates," Jonathan Wright, a former Fed economist now at Johns Hopkins University, told the FT.

「通膨的下降比我和大多數人的預期更加輕鬆，但我認為我們可能仍然會看到最後一點（達到目標）會有點困難，因此對於聯準會來說，這肯定是一個不太可能的環境。急於降低利率，」現任約翰霍普金斯大學前聯準會經濟學家喬納森賴特(Jonathan Wright) 告訴《金融時報》。

Expectations of this week's Fed interest rate cut have helped push the bitcoin price higher, with analysts predicting momentum could help it climb even higher in coming weeks.

對聯準會本週降息的預期幫助推高了比特幣價格，分析師預測勢頭可能有助於比特幣在未來幾週內進一步攀升。

Bitcoin's "move into all-time high territory, including this morning's push above $106,000, confirms the bullish bias," Alex Kuptsikevich, FxPro's chief market analyst, said in emailed comments.

FxPro 首席市場分析師 Alex Kuptsikevich 在電子郵件評論中表示，比特幣「進入歷史新高，包括今天上午突破 106,000 美元，證實了看漲偏見」。

"This is especially important after a three-week consolidation near the $100,000 level. An acceleration in growth is now likely if unexpected news from the traditional financial markets doesn't stop this rally.

「在經過三週接近 10 萬美元的水平盤整之後，這一點尤其重要。如果來自傳統金融市場的意外消息不能阻止這一反彈，那麼現在增長可能會加速。