BTC的價格波動是由深度流動性驅動的，而不是與其他風險資產相關的

比特幣最近的價格波動在很大程度上是由於其深厚的流動性和全天可及性的驅動，而不是與其他風險資產的真正相關性

Michael Saylor, Strategy’s Strategy co-founder, has said that Bitcoin’s recent price fluctuations are largely driven by its deep liquidity and round-the-clock accessibility, rather than a genuine correlation with other risk assets.

戰略聯合創始人邁克爾·塞勒（Michael Saylor）表示，比特幣最近的價格波動在很大程度上是由於其深厚的流動性和全天候的可及性，而不是與其他風險資產的真正相關性。

Saylor made the comment in response to a question from Barstool Sports founder Dave Portnoy, who asked why Bitcoin, designed to be independent of the US dollar and free from regulation, “basically trades exactly like the US stock market.”

塞勒（Saylor）回答了Barstool Sports創始人Dave Portnoy的一個問題，他問為什麼比特幣（Bitcoin）設計為獨立於美元，而不受監管，“基本上類似於美國股票市場。”

Portnoy noted that when the market rises, Bitcoin rises, and when it falls, Bitcoin follows.

Portnoy指出，當市場上升時，比特幣上升，而當市場下降時，比特幣會隨之而來。

“Bitcoin trades like a risk asset short term because it’s the most liquid, salable, 24/7 asset on Earth. In times of panic, traders sell what they can, not what they want to. Doesn’t mean it’s correlated long-term—just means it’s always available,” according to Saylor.

“比特幣交易像風險資產短期一樣，因為它是地球上最易於銷售的，可售的，24/7的24/7資產。在恐慌時期，貿易商賣出了他們的能力，而不是他們想要的東西。這並不意味著它的長期相關 - 只是意味著它始終可用，” Saylor說。

In a separate statement, Saylor said that Bitcoin’s usefulness makes it the most volatile.

塞勒在另一份聲明中說，比特幣的用處使其成為最動蕩的。

Bitcoin reached $87,800 on April 3 before falling to $81,500 following Trump’s tariff announcement. Currently, BTC trades at around $82,700, down approximately 5% in the past 24 hours, per TradingView.

在特朗普的關稅宣布之後，比特幣在4月3日達到87,800美元，然後跌至81,500美元。目前，BTC的交易價格約為82,700美元，在過去24小時內，每次交易中的交易約為5％。

Despite market volatility, Strategy’s 528,185 Bitcoin stash still generates over $8 billion in unrealized profits, according to the company’s portfolio tracker. The figure once doubled.

儘管該公司的投資組合追踪器稱，儘管市場波動性的528,185個比特幣藏匿處仍然產生超過80億美元的未實現利潤。這個數字曾經翻了一番。

The firm, helmed by Saylor, will unlikely offload any units of its Bitcoin holdings. Its three-year target is to raise $42 billion to continuously finance additional purchases, and eventually become a Bitcoin bank.

該公司由塞勒（Saylor）負責，不太可能將其比特幣持有的任何單位卸載。它的三年目標是籌集420億美元，以不斷為額外的購買提供資金，並最終成為比特幣銀行。

Saylor’s Bitcoin playbook has inspired others, including GameStop.

Saylor的Bitcoin Playbook激發了包括GameStop在內的其他人。

First, rumors circulated about GameStop considering an investment in Bitcoin ahead of its Q4 earnings announcement, then late last month, the company’s board of directors unanimously approved an update to its investment policy, allowing the company to hold Bitcoin as a treasury reserve asset.

首先，關於GameStop的謠言考慮了在其第四季度收益公告之前對比特幣進行投資的謠言，然後上個月末，公司董事會一致批准了其投資政策的最新消息，使該公司可以將比特幣作為財政部儲備資產。