總統唐納德·特朗普（Donald Trump）的政府領導下的關稅的複興已經使漣漪通過金融市場

本文探討了特朗普的經濟政策，市場動態和加密貨幣監管的交集。

The recent resurgence of tariffs under President Donald Trump’s administration has sent ripples through financial markets, including the volatile world of cryptocurrency.

唐納德·特朗普（Donald Trump）政府總統領導下的關稅最近重新出現，使漣漪通過金融市場，包括加密貨幣的動盪世界。

As Bitcoin holders and potential investors speculate on its future, the intersection of Trump’s economic policies, market dynamics, and cryptocurrency regulation presents a complex scenario.

隨著比特幣持有人和潛在的投資者推測其未來，特朗普的經濟政策，市場動態和加密貨幣法規的交集表現出複雜的情況。

Trump’s Tariffs and the Crypto Market

特朗普的關稅和加密市場

Following Trump’s return to the White House, a series of policy shifts have taken center stage, including mass deportation plans and economic decisions impacting global trade.

特朗普返回白宮後，一系列的政策轉變已成為中心階段，包括大規模驅逐計劃和影響全球貿易的經濟決定。

One of the most contentious moves has been the imposition of tariffs: 25% on imports from Canada and Mexico and 20% on Chinese goods.

最有爭議的舉動之一是徵收關稅：從加拿大和墨西哥進口的25％，中國商品的進口量為20％。

While these trade barriers are intended to strengthen the domestic economy, they also risk fueling inflation and disrupting international trade.

儘管這些貿易障礙旨在加強國內經濟，但它們也有加油和破壞國際貿易的風險。

Amidst these changes, cryptocurrency has emerged as a focal point.

在這些變化中，加密貨幣已成為焦點。

Trump has pledged deregulation efforts to bolster the value of Bitcoin and other digital assets, signing an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile.

特朗普已承諾放鬆管制努力，以增強比特幣和其他數字資產的價值，簽署了建立戰略性比特幣儲備和數字資產庫存的行政命令。

This move aims to accumulate Bitcoin through government-forfeited crypto assets, likened by David Sacks, the White House AI and crypto advisor, to a “digital Fort Knox.”

此舉旨在通過白宮AI和Crypto顧問大衛·薩克斯（David Sacks）比作政府征服的加密資產來累積比特幣，並成為“數字堡壘諾克斯”。

Bitcoin’s Initial Market Response

比特幣的初始市場反應

The crypto market has reacted unpredictably to these developments. In December 2024, when the US Consumer Price Index (CPI) registered a 2.9% annual increase, Bitcoin surged by 2%, rising by $1,500 to reach $98,000.

加密市場對這些發展做出了不可預測的反應。 2024年12月，當美國消費者價格指數（CPI）每年增長2.9％時，比特幣飆升了2％，增長了1,500美元，達到98,000美元。

This growth reflected its sensitivity to inflationary trends.

這種增長反映了其對通貨膨脹趨勢的敏感性。

However, recent months have seen a different trend. Fears of economic instability, coupled with large-scale movements of cryptocurrency assets, have triggered massive sell-offs.

但是，最近幾個月的趨勢不同。對經濟不穩定的擔憂，再加上加密貨幣資產的大規模運動，引發了大量拋售。

Between March 10 and March 11, the crypto market saw $1 billion in liquidations, sending Bitcoin to a four-month low. Factors contributing to this downturn include:

在3月10日至3月11日之間，加密貨幣市場有10億美元的清算，將比特幣送到了四個月的低點。導致這種低迷的因素包括：

Mt. Gox Debt Settlements

GOX山債務和解

The once-dominant crypto exchange moved tens of thousands of Bitcoin, spurring liquidation fears.

曾經有用的加密交易所移動了數以萬計的比特幣，激發了清算的擔憂。

Ethereum Whale Sell-Offs: Major ETH holders made large transactions, further shaking market confidence.

以太坊鯨魚的拋售：主要的ETH持有人進行了大型交易，進一步震撼了市場信心。

Recession Warnings from Trump: His statements on an impending economic downturn sent shockwaves through both stock and crypto markets.

特朗普的經濟衰退警告：他對即將發生的經濟衰退的陳述在股票和加密貨幣市場中都引起了衝擊。

Bitcoin as a Hedge Against Tariffs?

比特幣是對關稅的對沖？

Despite its volatility, Bitcoin has demonstrated its ability to act as a hedge against economic turmoil.

儘管它的波動性波動，但比特幣表現出了對沖經濟動蕩的能力。

Its correlation with the NASDAQ has fallen from 72% to 40%, suggesting that it is gradually decoupling from traditional financial markets.

它與納斯達克的相關性已從72％下降到40％，這表明它逐漸與傳統金融市場脫在一起。

Historically, Bitcoin has functioned as “digital gold”—a refuge during economic crises. In March 2023, during the peak of the US banking crisis, Bitcoin’s price rose while other assets plummeted.

從歷史上看，比特幣一直是“數字黃金”，這是經濟危機期間的避難所。 2023年3月，在美國銀行業危機高峰期，比特幣的價格上漲，而其他資產暴跌。

Analysts suggest that while altcoins like Ethereum remain closely tied to the tech sector, Bitcoin may increasingly serve as a hedge against geopolitical and economic instability.

分析人士認為，儘管像以太坊這樣的山寨幣仍與科技行業緊密相關，但比特幣可能越來越多地成為抵抗地緣政治和經濟不穩定的對沖。

Looking Ahead: Bitcoin’s Role in a Tariff-Driven Economy

展望未來：比特幣在關稅驅動的經濟中的作用

The impact of US tariffs on Bitcoin’s trajectory remains uncertain. In the short term, higher inflation and market volatility may lead to price swings. However, in the long run, Bitcoin’s appeal as a decentralized asset could strengthen if tariffs fuel economic instability.

美國關稅對比特幣軌蹟的影響仍然不確定。在短期內，更高的通貨膨脹和市場波動可能會導致價格波動。但是，從長遠來看，如果比特幣作為分散資產的吸引力，如果關稅助長了經濟不穩定，則可以加強。