比特幣要撕裂嗎？亞瑟·海斯（Arthur Hayes）這樣認為，估計最高加密貨幣的價格將在今年年底上漲至25萬美元。

這個故事的一個版本出現在我們3月21日的《綜述時事通訊》中。在此處註冊。星期五快樂！埃里克在這裡。

A version of this story appeared in our The Roundup newsletter on March 21. Sign up here.

這個故事的一個版本出現在我們3月21日的《綜述時事通訊》中。在此處註冊。

Happy Friday! Eric here.

星期五快樂！埃里克在這裡。

Is Bitcoin (BTC) about to rip?

比特幣（BTC）會撕裂嗎？

Arthur Hayes, the chief investment officer at Maelstrom, thinks so, estimating that the top cryptocurrency’s price will rally to $250,000 by the year end.

Maelstrom的首席投資官Arthur Hayes估計，到年底，最高加密貨幣的價格將升至250,000美元。

And he’s even more confident after Federal Reserve Chair Jerome Powell signalled that the central bank will allow more liquidity to flow through the American economy. '+'Stay nimble and cashed up,' Hayes advised in a tweet.

在美聯儲主席杰羅姆·鮑威爾（Jerome Powell）表示，中央銀行將允許更多的流動性流入美國經濟後，他更加自信。海耶斯在一條推文中建議。

His bullishness comes at a challenging time for the crypto industry.

對於加密貨幣行業來說，他的看漲是在一個充滿挑戰的時刻。

Donald Trump’s zig-zagging tariff policies continue to rattle markets — the total crypto market is down 21% since the president’s inauguration. The S&P 500 and the Nasdaq 100 indexes are down about 6% and 9%, respectively, in that time.

唐納德·特朗普（Donald Trump）的曲折關稅政策繼續顛覆了市場 - 自從總統就職典禮以來，加密貨幣市場總額下降了21％。在那個時候，標準普爾500指數和納斯達克100指數分別下降了約6％和9％。

Not even Ripple’s (XRP) victory against the Securities and Exchange Commission, nor the president’s speech at the Digital Asset Summit shook markets out of their rut.

甚至連瑞普（XRP）擊敗了美國證券交易委員會的勝利，也沒有總統在數字資產峰會上的講話從他們的車轍中脫穎而出。

But Hayes' argument is that Trump’s policies are designed to spark recession fears and force the Fed to devalue the dollar and unleash a wave of liquidity into the market. A top economist even suggests that Bitcoin could play a role in dethroning the dollar.

但是海耶斯的論點是，特朗普的政策旨在激發衰退的恐懼，並迫使美聯儲貶低美元，並向市場發動一波流動性。一位頂級經濟學家甚至建議比特幣可以在廢棄美元的情況下發揮作用。

“They’re going to reflate and print more money than anyone’s ever printed before,” Hayes said earlier in March.

海耶斯在三月初說：“他們將重新融化和印刷更多的錢。”

That’s bullish for Bitcoin — more money in the market means more cash to inject into risk assets like crypto and tech stocks.

這是對比特幣的看漲 - 市場上的更多錢意味著將更多的現金注入加密和科技股等風險資產。

Not everyone’s convinced.

並非每個人都相信。

“Every onchain metric signals a bear market,” said Ki Young Ju, the CEO of CryptoQuant, a crypto analytics firm.

加密分析公司CryptoQuant的首席執行官Ki Young Ju說：“每個OnChain Metric都會向熊市市場發出信號。”

Earlier in the week, he predicted that there will be six to 12 months of bearish or sideways price action.

在本週早些時候，他預測將有六到12個月的看跌或側向價格行動。

Solana reels from crypto backlash after ‘infantile’ video ad

“嬰兒”視頻廣告之後，加密反彈的Solana捲軸

The MAGA movement has benefitted from the crypto industry’s donations, but that doesn’t mean the industry can benefit from parroting right-wing talking points. The Solana Foundation learned that lesson this week after it posted an ad that was absolutely panned online.

Maga運動已從加密貨幣行業的捐款中受益，但這並不意味著該行業可以從折疊右翼談話點中受益。 Solana基金會在發布一張絕對在網上播放的廣告後，本週學到了這一教訓。

XRP ETF approval chances jump as SEC drops Ripple case

XRP ETF批准機會隨著SEC掉落的連鎖反應而跳躍

The chances that the SEC will approve XRP exchange-traded funds surged after the agency dropped its case against Ripple this week. JPMorgan expects XRP ETFs to see inflows of $8 billion within their first year of trading.

SEC在本週對Ripple的案件中撤銷其案件後，SEC批准XRP交易所貿易資金的機會。摩根大通預計XRP ETF在交易的第一年內將看到80億美元的流入。

A16z flexes political clout with 50-page crypto screed to SEC

A16Z用50頁的加密貨幣剝離了政治影響力

Venture capital giant Andreessen Horowitz made another pro-crypto overture this week by urging the SEC to essentially throw out former chair Gary Gensler’s playbook when it came to digital assets.

Venture Capital Giant Andreessen Horowitz本周敦促SEC在數字資產方面敦促前董事長Gary Gensler的劇本，從而拋出了前董事長Gary Gensler的劇本。

Post of the Week

本週帖子

The Solana Foundation may have taken down its ad, but that didn’t stop the memes from piling on.

Solana基金會可能已經取消了廣告，但這並沒有阻止模因堆積。