隨著加密貨幣行業擁抱唐納德·川普，比特幣飆升至 9 萬美元以上

自唐納德·川普 11 月 5 日贏得連任以來，比特幣的價格一直在飆升。

Bitcoin's price has soared since Donald Trump won re-election on Nov. 5.

自從唐納德·川普 (Donald Trump) 於 11 月 5 日贏得連任以來，比特幣的價格一直在飆升。

Its price rose from roughly $73,000 on Election Day to an all-time high of over $98,000 early Thursday morning, according to CoinGecko data. It's gone up nearly 8% in the past week, over 41% in the past month, and up 141% in the past year.

根據 CoinGecko 的數據，其價格從選舉日的約 73,000 美元升至週四凌晨超過 98,000 美元的歷史新高。過去一周上漲了近8%，過去一個月上漲了41%以上，去年上漲了141%。

Cryptocurrency prices are notoriously volatile. But the larger a coin's market cap, the more money it takes to spike or dump its price. Bitcoin is the largest cryptocurrency by market cap and the oldest, and its price movements can influence the rest of the crypto market.

眾所周知，加密貨幣的價格波動很大。但代幣的市值越大，其價格上漲或下跌所需的資金就越多。比特幣是市值最大、歷史最悠久的加密貨幣，其價格走勢可以影響加密貨幣市場的其他部分。

David Duong, head of institutional research at Coinbase, tells PCMag via email that Bitcoin surpassing $90,000 is due to a combination of a favorable broader market and US government changes (like Trump) that may trigger "a potentially massive shift."

Coinbase 機構研究主管 David Duong 透過電子郵件告訴 PCMag，比特幣突破 90,000 美元是由於有利的更廣泛市場和美國政府變化（如川普）的結合，這可能會引發「潛在的巨大轉變」。

"The US approval of spot BTC and ETH ETFs were the major milestones, of course. But also, the implementation of Europe's MiCA regulation, the House approval of FIT21 in May, and BlackRock’s tokenized BUIDL fund were all significant developments. These advancements were particularly impressive considering that only a year ago, the asset class was reeling from interest rate hikes and regulatory crackdowns," Huong says.

「當然，美國批准現貨 BTC 和 ETH ETF 是重要的里程碑。而且，歐洲 MiCA 監管的實施、眾議院 5 月份批准 FIT21 以及貝萊德的代幣化 BUIDL 基金都是重大進展。這些進步尤其重要。考慮到僅僅一年前，該資產類別還受到升息和監管打擊的影響，這一點令人印象深刻，」Huong 說。

The crypto industry has been accused of "buying" or winning the election for Trump. Coinbase spent over $50 million on political donations this election cycle, and its CEO, who openly supports Trump, reportedly met with the President-elect this week.

加密貨幣產業被指責為川普「購買」或贏得選舉。 Coinbase 在本次選舉週期的政治捐款上花費了超過 5000 萬美元，據報道，其公開支持川普的執行長本週會見了當選總統。

James Slusser, head ambassador for the Polkadot blockchain and founder of crypto consulting firm Kurkuma, tells PCMag that the current Bitcoin price spike is happening because investors feel more confident because of Trump and the approval of Bitcoin ETFs. They now believe US regulation will favor them.

Polkadot 區塊鏈首席大使兼加密貨幣諮詢公司 Kurkuma 創辦人 James Slusser 告訴 PCMag，目前比特幣價格正在飆升，因為川普和比特幣 ETF 的批准讓投資者感到更加自信。他們現在相信美國的監管會對他們有利。

"Bitcoin’s price is shaped by a dynamic interplay of factors, including market sentiment, regulatory developments, and broader macroeconomic conditions," Slusser says, adding: "While the current momentum appears promising, the cryptocurrency market remains inherently volatile, with prices subject to rapid fluctuations."

Slusser 表示：「比特幣的價格是由多種因素的動態交互作用決定的，包括市場情緒、監管發展和更廣泛的宏觀經濟狀況。」波動」。

Slusser urges investors to "approach the market with caution, keeping a close eye on evolving trends and maintaining a well-considered strategy to navigate this high-risk, high-reward environment."

Slusser 敦促投資者“謹慎對待市場，密切關注不斷變化的趨勢，並保持深思熟慮的策略來應對這種高風險、高回報的環境。”

Trump has embraced the broader crypto industry in the past few years, from launching his own NFTs to appearing at this year's Bitcoin Conference and making friends with crypto supporters like Tesla CEO Elon Musk, who has been tapped to run a "Department of Government Efficiency," or DOGE. This acronym is also the name of the meme coin Musk once touted on Saturday Night Live in 2021 before the crypto market crashed in large part due to the failure of now-jailed Sam Bankman-Fried's FTX exchange months later.

川普在過去幾年中擁抱了更廣泛的加密產業，從推出自己的NFT 到出席今年的比特幣會議，並與特斯拉執行長馬斯克(Elon Musk) 等加密貨幣支持者交上朋友，馬斯克被任命負責管理「政府效率部」 」或狗狗。這個縮寫也是馬斯克曾在2021 年《週六夜現場》中吹捧的模因幣的名稱，之後加密貨幣市場崩潰，很大程度上是由於幾個月後現已入獄的Sam Bankman-Fried的FTX 交易所失敗。

Trump has also made a lot of crypto promises. In July, he said that the US government would supposedly never sell off any of its current Bitcoin holdings, which it has obtained over the years by seizing it from cybercriminals. Hackers and scammers often prefer using crypto and targeting crypto users because blockchain transactions can't be reversed, and identities can be difficult to trace if certain platforms or anonymizing mixing services are used.

川普也做出了很多加密貨幣承諾。今年 7 月，他表示，美國政府應該永遠不會出售目前持有的任何比特幣，這些比特幣是美國政府多年來從網路犯罪分子手中繳獲的。駭客和詐騙者通常更喜歡使用加密貨幣並針對加密貨幣用戶，因為區塊鏈交易無法逆轉，如果使用某些平台或匿名混合服務，則可能難以追蹤身分。

"When new inflows come in to crypto, the most obvious place for them to go is BTC," says Chris Akhavan, chief revenue officer at crypto platform Magic Eden. "This cycle is likely to even be more skewed towards BTC given some of the tailwinds like speculation that the US will build up a BTC reserve."

加密平台 Magic Eden 首席營收長 Chris Akhavan 表示：“當新的資金流入加密貨幣時，最明顯的去向就是 BTC。” “考慮到一些有利因素，例如美國將建立比特幣儲備的猜測，這個週期可能會更加偏向比特幣。”

Trump also said he would fire US Securities and Exchange Commission Chairman Gary Gensler, a known crypto critic. A president does not have the power to fire the SEC chair, but Gensler on Thursday beat Trump to the punch and announced he would resign come January.

川普也表示，他將解僱美國證券交易委員會主席、著名的加密貨幣批評家加里·詹斯勒(Gary Gensler)。總統無權解僱 SEC 主席，但金斯勒週四搶先川普並宣布他將於一月份辭職。

Trump also supports Bitcoin mining and wants the rest of it to be done in America, claiming back in June that "Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left." The Biden administration has not stated its crypto stance outright, but Axios suggested earlier this month that Biden's polices overall are designed to hinder crypto's advancement.

川普也支持比特幣挖礦，並希望其餘的工作在美國完成，他在 6 月聲稱“拜登對比特幣的仇恨只會幫助中國、俄羅斯和激進的共產主義左派。”拜登政府尚未明確表明其加密貨幣立場，但 Axios 本月稍早表示，拜登的政策總體旨在阻礙加密貨幣的進步。

Rival Coins Limp Along

競爭對手的硬幣步履蹣跚

While Bitcoin has surpassed its previous all-time highs, its second-largest rival, Ethereum, has not. It's still down about 30% from an all-time high achieved in 2021. Huong says this is because of a changing narrative around Ethereum's purpose, while JP Richardson, co-founder and CEO of crypto wallet firm Exodus, argues it hasn't made as many gains as Bitcoin because the Ethereum investors and developers are focused on infrastructure.

雖然比特幣已經超越了先前的歷史高點，但其第二大競爭對手以太坊卻沒有。與2021 年創下的歷史最高點相比，仍下降了約30%。認為，以太坊尚未取得成功。

"The industry overall is more mature than ever—especially from a user experience perspective," Richardson says, referring to the growing number of crypto

理查森表示：“整個行業比以往任何時候都更加成熟，尤其是從用戶體驗的角度來看。”