特朗普總統的關稅宣布使比特幣下降了5.4％

在加密貨幣的世界中，很少有事件能像大政府的決定一樣動搖。特朗普總統最近的關稅宣布確實如此

The world of cryptocurrencies is often set aflutter by major government decisions, and President Trump’s recent tariff announcement did exactly that, sending ripples across the market. On April 3, Bitcoin dropped by 5.4%, leaving investors pondering: Is this just a small blip, or the start of a bigger crash?

加密貨幣的世界經常被政府的重大決定迅速設定，特朗普總統最近的關稅宣布正是這樣做的，這使整個市場上的漣漪。 4月3日，比特幣下降了5.4％，使投資者思考：這只是小小的碎片，還是更大的崩潰開始？

With the global economy already precariously balanced, Bitcoin is facing one of its biggest tests. Will it hold strong and serve as a haven for weary investors, or will it get pulled down with the rest of the market? Let’s break down the key impacts of tariffs on Bitcoin and the crypto market.

由於全球經濟已經穩定地平衡，比特幣正面臨其最大的測試之一。它會保持強大並成為疲倦的投資者的避風港，還是會被其餘的市場所吸引？讓我們分解關稅對比特幣和加密市場的主要影響。

Key Impacts of Tariffs on Bitcoin and the Crypto Market

關稅對比特幣和加密市場的主要影響

Is Bitcoin a Safe Haven?

比特幣是避風港嗎？

Many Bitcoin supporters envision it as “digital gold”—a way to preserve wealth and protect against market chaos. However, recent drops, including those triggered by the trade war, suggest that this idea isn’t fully realized yet.

許多比特幣支持者將其視為“數字黃金”，這是一種保護財富並防止市場混亂的方式。但是，最近的下降，包括貿易戰引起的那些，這表明這個想法尚未完全實現。

Garrick Hileman, an independent crypto analyst, notes that while Bitcoin is often touted as a hedge against inflation and other macroeconomic woes, its price tends to move in tandem with risky assets.

獨立的加密分析師加里克·希爾曼（Garrick Hileman）指出，儘管比特幣通常被吹捧為抵制通貨膨脹和其他宏觀經濟問題的對沖，但其價格往往與風險的資產同時發展。

“It’s just not there today. I’ve seen people say it’s an inflation hedge, a good place to put your money in times of market stress, but I haven’t seen evidence of that. It trades like a risky tech stock,” Hileman said.

希勒曼說：“今天不在。我已經看到人們說這是一種通貨膨脹對沖，這是在市場壓力時投入錢的好地方，但我還沒有看到任何證據。它像有風險的技術股票一樣進行交易。”

Can Tariffs Hurt Bitcoin Directly?

關稅可以直接傷害比特幣嗎？

Not really. Bitcoin isn’t used in international trade like physical goods, and it’s not taxed like regular imports. One Bitcoin is the same no matter where it’s mined—that’s what makes it fungible. So, no country can put a tariff on Bitcoin itself.

並不真地。比特幣在國際貿易中沒有像實體商品那樣使用，也沒有像常規進口那樣徵稅。無論是在哪裡開采的，一個比特幣都是相同的，這就是使其變得容易的原因。因此，沒有一個國家可以對比特幣本身徵收關稅。

However, mining activities might get affected. Most mining equipment is imported. If tariffs increase those costs, U.S.-based miners may find it harder to operate.

但是，採礦活動可能會受到影響。大多數採礦設備被進口。如果關稅增加了這些費用，美國的礦工可能會發現很難運營。

With fewer miners, Bitcoin could become even more scarce, which might drive prices up further. Meanwhile, miners in other countries could benefit as demand in the U.S. cools down.

隨著礦工的減少，比特幣可能會變得更加稀缺，這可能會進一步提高價格。同時，其他國家 /地區的礦工可以隨著美國需求而受益。

The bigger concern is how traders react to market stress. In tough times, people often sell risky assets to manage expenses, and Bitcoin is still largely seen as one of them. If the U.S. and China trade spat continues and the global economy slows down, many investors may cash out of Bitcoin to cover other commitments, pushing prices down.

更大的擔憂是交易者如何應對市場壓力。在艱難的時期，人們經常出售有風險的資產來管理開支，而比特幣仍被視為其中之一。如果美國和中國的貿易爭端繼續下去並且全球經濟放緩，許多投資者可能會從比特幣中兌現以涵蓋其他承諾，從而降低價格。

Another point to consider is that Bitcoin is becoming more connected to the traditional financial world. Major institutions are now investing in it, which means stock market movements could also influence Bitcoin’s price.

要考慮的另一點是，比特幣與傳統金融界越來越緊密。現在，主要機構正在投資它，這意味著股票市場的變動也可能影響比特幣的價格。

If stock markets fall, Bitcoin might fall too—not because of its own weakness, but because of the overall market mood. On the flip side, if markets bounce back, Bitcoin could also rise, offering a chance for long-term believers to benefit as institutions increase their holdings.

如果股市下跌，比特幣也可能會下降 - 不是因為它自身的弱點，而是由於整體市場情緒。另一方面，如果市場反彈，比特幣也可能會上升，這為長期信徒提供了機會，隨著機構增加其持股量。

Bitcoin vs. Tariffs: A Test of Strength

比特幣與關稅：實力測試

Tariffs and economic pressure might shake short-term confidence, but Bitcoin’s real strength lies in its fixed supply. Yes, volatility will come and go. Yes, holders might see temporary losses. But through it all, Bitcoin’s limited nature gives it long-term strength.

關稅和經濟壓力可能會使短期信心動搖，但比特幣的真正優勢在於其固定供應。是的，波動將來來來去去。是的，持有人可能會看到暫時的損失。但是，通過這一切，比特幣的有限本質賦予了它長期的力量。

It will be interesting to observe how Bitcoin reacts to the ongoing trade tensions and if it can indeed serve as a haven for investors seeking to exit the traditional markets.

觀察比特幣對持續的貿易緊張局勢的反應以及試圖退出傳統市場的投資者的天堂將是很有趣的。

As the global economic landscape shifts, the cryptocurrency market is sure to follow closely, presenting both opportunities and challenges for those navigating this evolving domain.

隨著全球經濟格局的變化，加密貨幣市場肯定會緊密地遵循，這給那些導航這個不斷發展的領域的人帶來了機會和挑戰。