如果您擁有比特幣並下降了60％，您會感覺如何？這聽起來可能極端，但是這種情況是在之前發生的

這聽起來可能很極端，但是這種情況以前發生了 - 它可能再次發生。今年到目前為止，BTC已經看到了拋售，從約109,000美元下降

Bitcoin (BTC) has been a hot topic of discussion in recent times, especially with the crypto market now in the midst of a downturn. This downturn has seen a selloff in both the broader equity markets and cryptocurrencies, driven by growing concerns of a recession in the U.S. following President Donald Trump's tariffs on key trading partners.

比特幣（BTC）近來一直是討論的熱門話題，尤其是在經濟低迷中的加密貨幣市場。在唐納德·特朗普總統對主要貿易夥伴的關稅之後，這一衰退的股票市場和加密貨幣都在越來越多的擔憂驅動到美國的股票市場和加密貨幣。

Now, during a downturn, Bitcoin could suffer significant losses. Recent evidence from 2022 and 2020 shows that BTC lost over 60% of its value within just a few quarters.

現在，在低迷時期，比特幣可能會遭受重大損失。 2022年和2020年的最新證據表明，BTC在短短幾季度內損失了其價值的60％以上。

Bitcoin Price Today: BTC Is Down Over 20% In 2 Months As Trump Tariffs And A Pending Recession Continue To Weigh

今天的比特幣價格：隨著特朗普的關稅和未決衰退的重量，BTC在2個月內下跌了20％以上

This may sound extreme, but such a scenario has occurred before – and it could happen again.

這聽起來可能很極端，但是這種情況以前發生了 - 它可能再次發生。

Earlier this year, BTC saw a sell-off as it fell from a high of around $109,000 in January to trade at around $85,500 currently - a decline of over 20%.

今年早些時候，BTC的拋售是從一月份的高處約109,000美元下降，目前的交易價格約為85,500美元 - 下降了20％以上。

The sell-off has been driven by a mix of factors, including the major hack on the Bybit crypto exchange in February 2025 - a security breach that heightened concerns about the security of cryptocurrency platforms.

拋售是由多種因素驅動的，包括2025年2月在Bybit Crypto Exchange上的主要黑客攻擊 - 這是對加密貨幣平台安全性的擔憂。

Of course, cryptocurrencies tend to be more volatile than a diversified equity portfolio – so if you’re seeking growth with less volatility, consider the High-Quality portfolio, which has outperformed the S&P 500 and delivered returns exceeding 91% since its inception.

當然，加密貨幣往往比多元化的權益投資組合更加動盪 - 因此，如果您尋求較小的波動性增長，請考慮高質量的投資組合，該投資組合的表現優於標準普爾500指數，並且自從其不受歡迎以來的收益超過91％。

Why Is It Relevant Now?

為什麼現在有意義？

The cryptocurrency market witnessed a substantial rally, fueled by Trump's election victory and the subsequent expectation of a more crypto-friendly regulatory environment. Bitcoin led the surge, climbing from under $70,000 in early November of the prior year to surpass $109,000 by January 19th. The announcement of a strategic crypto reserve for the U.S. further boosted Bitcoin's appeal.

特朗普的選舉勝利以及隨後對更友好的監管環境的期望，加密貨幣市場見證了一個實質性的集會。比特幣領導了這一激增，從上一年的11月初攀升至70,000美元，到1月19日到達109,000美元。宣佈為美國建立戰略加密保護區，進一步提高了比特幣的吸引力。

However, after this rapid climb, investors began securing profits - particularly in response to increasing macroeconomic uncertainties.

但是，經過這一快速攀升，投資者開始獲得利潤 - 特別是為了回應增加宏觀經濟的不確定性。

The new tariffs imposed earlier this month by the Trump administration on goods from Canada, Mexico, and China triggered market unease and contributed to the drop.

特朗普政府對加拿大，墨西哥和中國的商品政府施加的新關稅引發了市場不安，並導致了下降。

Beyond this immediate impact, broader macroeconomic worries are also influencing investor behavior. Investors are generally reducing their exposure to riskier assets like Bitcoin due to concerns about the overall global economic outlook and interest rates.

除了這種直接影響之外，更廣泛的宏觀經濟憂慮也會影響投資者的行為。由於擔心全球經濟前景和利率，投資者通常會降低其對比特幣等風險較高的資產的接觸。

While inflation concerns have somewhat moderated, they remain a significant consideration - particularly as President Trump's assertive policies on tariffs and immigration have renewed apprehensions about potential inflationary pressures. This uncertainty, coupled with the U.S. economy's potential for contraction, further elevates the risk of a recession.

儘管通貨膨脹問題有些緩和，但它們仍然是一個重大考慮 -​​ 尤其是特朗普總統對關稅和移民的自信政策已經引起了人們對潛在通貨膨脹壓力的擔憂。這種不確定性，再加上美國經濟的收縮潛力，進一步提高了經濟衰退的風險。

Adding to this complex picture is an increasingly unstable global geopolitical environment. Persistent conflicts, such as the Ukraine-Russia war, renewed tensions in the Middle East, escalating trade disputes, and strained relationships with traditional allies like Canada, Mexico, and European nations - all introduce substantial additional risks to the market landscape. See our analysis here on the macro picture.

加入這一複雜圖片是一個日益不穩定的全球地緣政治環境。烏克蘭 - 俄羅斯戰爭等持續的衝突使中東造成了緊張局勢，貿易爭端升級，並與加拿大，墨西哥和歐洲國家等傳統盟友建立了緊張的關係 - 都為市場格局帶來了額外的額外風險。在宏觀圖片上查看我們的分析。

Given these intricate dynamics, investors should exercise caution and vigilantly monitor key macroeconomic indicators when evaluating positions in cryptocurrencies or similar investments.

鑑於這些複雜的動態，投資者應在評估加密貨幣或類似投資的立場時，應謹慎行事，並警惕地監視關鍵的宏觀經濟指標。

How Resilient Is Bitcoin During An Economic Downturn?

經濟低迷期間，比特幣的彈性如何？

BTC has seen an impact that was worse than the broader equity markets, including the S&P 500 index during some of the recent downturns.

BTC看到的影響比更廣泛的股票市場更糟糕，包括在最近的一些低迷期間的標準普爾500指數。

Inflation Shock (2022)

通貨膨脹衝擊（2022）

* BTC fell 68% from a high of $47,738 on January 2, 2022 to $15,480 on November 21, 2022, vs. a peak-to-trough decline of 25.4% for the S&P 500

* BTC從2022年1月2日的高價降至2022年11月21日的15,480美元的高價下降了68％

* Bitcoin fully recovered to its pre-Crisis peak by March 2024

*到2024年3月，比特幣完全恢復到危機前的峰值

* Since then, the currency has increased to a high of around $109,000 on January 20, 2025 and currently trades at around $85,500.

*從那以後，該貨幣在2025年1月20日上漲至約109,000美元，目前的交易價格約為85,500美元。

COVID-19 Pandemic (2020)

COVID-19大流行（2020年）

* BTC fell 63% from a high of around $10,500 mid-February 2020 to $3,850 on March 13, 2020, vs. a peak-to-trough decline of 33.9% for the S&P 500

* BTC從2020年2月中旬的高點降至2020年3月13日中期的$ 10,500降至3,850美元，而S＆P 500的峰值下降了33.9％

* The coin fully recovered to its pre-Crisis peak by late July 2020.

*硬幣到2020年7月下旬完全恢復到危機前的山峰。

Cryptocurrencies remain high-risk assets, and their future performance will depend on regulatory and macroeconomic developments. Concerned about crypto volatility? Explore the High Quality Portfolio, a carefully curated selection of 30 stocks that has consistently outperformed the S&P 500 over the past

加密貨幣仍然是高風險資產，其未來績效將取決於監管和宏觀經濟發展。擔心加密波動？探索高質量的投資組合，這是經過精心策劃的30種股票的選擇，過去始終超過標準普爾500