在經濟動盪中比特幣的作用

Exness金融市場策略師Inky Cho的市場分析。如果您持有一定數量的比特幣或是否打算盡快購買

The role of Bitcoin amid economic turmoil

在經濟動盪中比特幣的作用

Market analysis by Inky Cho, Financial Markets Strategist at Exness

Exness金融市場策略師Inky Cho的市場分析

If you hold a certain amount of Bitcoin or whether you’re planning to buy some soon, you must be wondering what impact the US tariffs have on the coveted crypto’s price.

如果您持有一定數量的比特幣，還是打算盡快購買一些比特幣，您一定想知道美國關稅對令人垂涎的加密價格有什麼影響。

Undoubtedly, the return of President Donald Trump to the White House arguably marks the most schismatic moment in US politics and geopolitics.

毫無疑問，唐納德·特朗普總統返回白宮可以說是美國政治和地緣政治中最精緻的時刻。

Trump’s reappointment was followed by a deluge of draconic measures, including eerie promises of mass deportations and a series of controversial decisions emanating from Elon Musk, the head of the Department of Government Efficiency (DOGE), has been keeping traders and investors on a string.

特朗普的重新任命之後是一系列巨大的措施，包括大規模驅逐出境的諾里承諾，以及政府效率部（DOGE）負責人埃隆·馬斯克（Elon Musk）發出的一系列有爭議的決定，一直在使商人和投資者保持一致。

The pledge to impose 25% tariffs on imports from Canada and Mexico, and 20% on imported goods from China in his first 100 days in office, made Trump one of the most controversial political figures of the 21st century.

承諾對加拿大和墨西哥的進口徵收25％的關稅，並在他任職的頭100天內從中國進口商品徵收20％，這使特朗普成為了21世紀最具爭議的政治人物之一。

But “tariffs” is not the only “most beautiful word in the English dictionary,” according to the US President. The word “cryptocurrency” also carries particular significance, as he promised to enact a series of deregulation measures aimed at bolstering Bitcoin and altcoins’ value. To that end, he signed an executive order that serves as the foundation for a so-called “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” which will include Bitcoin alongside other cryptocurrencies.

但是，據美國總統稱，“關稅”並不是“英語詞典中最美麗的詞”。 “加密貨幣”一詞也具有特殊的意義，因為他承諾將製定一系列旨在增強比特幣和替代幣價值的放鬆管制措施。為此，他簽署了一項行政命令，該命令是所謂的“戰略比特幣儲備”和“數字資產庫存”的基礎，其中將包括比特幣以及其他加密貨幣。

The funds will be held with digital currencies forfeited to the federal government as part of legal proceedings. According to David Sacks, the White House AI and crypto “czar,” this reserve will be “a digital Fort Knox for the cryptocurrency,” which he likened to the Kentucky military base that stores a significant amount of US gold assets.

這些資金將以法律訴訟的一部分被沒收給聯邦政府的數字貨幣持有。戴維·薩克斯（David Sacks）表示，白宮AI和加密“沙皇”（Czar）將是“加密貨幣的數字諾克斯堡”，他將其比作肯塔基州軍事基地，該基地存儲了大量的美國黃金資產。

Amid a wave of polarizing reaction from crypto enthusiasts, some of whom criticized the government for not taking a bolder stance, while others questioned the transparency of the process.

在加密愛好者的兩極分化反應中，其中一些人批評政府沒有採取更大膽的立場，而另一些人則質疑這一過程的透明度。

Sacks has reportedly ordered a full account of the government’s crypto asset reserves, which he estimated at 200,000 Bitcoin alone. But is that enough to turn Bitcoin into a hedge? The answer to this question is more complex.

據報導，薩克斯已下令對政府的加密資產儲備進行全面說明，他估計僅比特幣僅為200,000比特幣。但是，這足以將比特幣變成樹籬嗎？這個問題的答案更為複雜。

A tariff-led Bitcoin bull run in disguise The President’s relationship with the crypto space is not entirely free of any conflict of interest. The launch of his name meme-coins $TRUMP and $MELANIA just before inauguration day spited the industry, which through the voice of Danny Scott, CEO of CoinCorner, retorted, "Trump's comments about not knowing much about the coin back up my opinion that he is making a mockery of the industry. It's a stunt."

由關稅領​​導的比特幣公牛偽裝成總統與加密貨幣空間的關係並不完全沒有任何利益衝突。在就職典禮日之前，他的名字Meme-Coins $ Trump和Melania的推出使該行業吐了結，Concorner的首席執行官Danny Scott的聲音反駁說：“特朗普對硬幣不了解我的意見不了解他的意見，他認為他正在製作一個行業的嘲笑。”

Against this hazy background, the US tariffs cast a somewhat more positive light on the potential of Bitcoin and other crypto assets. Assuming that Donald Trump completes his tariffs’ mandate, immigration policies, and tax cuts, inflation could rise rapidly.

在這種朦朧的背景下，美國關稅對比特幣和其他加密資產的潛力更加積極。假設唐納德·特朗普（Donald Trump）完成了關稅的授權，移民政策和減稅，則通貨膨脹可能會迅速上升。

However, this type of inflation will not be a positive sign at all. For example, the cost of German motor vehicles in the US would soar, rushing Americans to open their wallets before the tariffs are enforced. This upsurge in consumer spending could temporarily drive retail sales higher, creating an artificial sense of economic growth.

但是，這種類型的通脹根本不是一個積極的跡象。例如，在美國，德國機動車的費用將飆升，趕緊在徵收關稅之前打開錢包。消費者支出的增長可能會暫時推動零售銷售，從而產生人為的經濟增長感。

The early signs of this were seen in December 2024, when the consumer price index (CPI) rose at an annual rate of 2.9%, backed by a lower core inflation. Cryptocurrencies, which unlike safe-haven gold, have a growth component that makes them inherently more sensitive to economic shifts such as inflation spikes and tariffs. And Bitcoin is no exception.

早期的跡像是在2024年12月，當時消費者價格指數（CPI）的年薪為2.9％，並得到較低的核心通貨膨脹的支持。與避行黃金不同的加密貨幣具有增長成分，使它們對通貨膨脹率和關稅等經濟轉變的固有更加敏感。比特幣也不例外。

Driven up by 2% as the US CPI data sent mixed inflation signals across markets, Bitcoin surged $1,500 to $98,000 in 24 hours in December 2024.

隨著美國CPI數據在整個市場上發出混雜的通貨膨脹信號，比特幣在2024年12月24小時內飆升了1,500美元至98,000美元。

Because of its nature, many investors and traders consider Bitcoin a commodity. From this perspective, it’s worth exploring the effect of the recently vehiculated US tariffs on Bitcoin and the broader crypto market.

由於其性質，許多投資者和商人認為比特幣是商品。從這個角度來看，值得探索最近有力的美國關稅對比特幣和更廣泛的加密市場的影響。

Near-term fears and the rush for cash Near-term, tariffs may hurt Bitcoin's and the crypto market's performance, precisely because of its inherent growth-driven characteristic. This is evident in its recent price action. As fear pervades the financial markets, Bitcoin hit a 4-month low amid massive crypto market sell-off.

近期的擔憂以及近期現金的匆忙，關稅可能會傷害比特幣和加密貨幣市場的表現，這正是由於其固有的增長驅動的特徵。這在最近的價格行動中很明顯。隨著恐懼遍及金融市場，比特幣在巨大的加密貨幣市場拋售中達到了4個月的低點。

 

 

The crypto market reached a staggering $1 billion in liquidations in the space of 24 hours (between March 10 and March 11), making many traders run for their money. Bitcoin and Ethereum, the largest cryptocurrencies by market capitalization, have been the biggest losers of this downturn.

加密貨幣市場在24小時內（3月10日至3月11日之間）達到了驚人的10億美元清算，這使許多交易者賺錢。比特幣和以太坊是市場資本化最大的加密貨幣，一直是這種低迷的失敗者。

The main reason behind this mind-blowing price drop is the large movement of cryptocurrency by key players. Mt. Gox

這種令人震驚的價格下跌背後的主要原因是主要參與者的加密貨幣大幅移動。戈克斯山