關稅戰爭促進了我們的通貨膨脹

在過去的一個月中，比特幣價格一直在過山車。由於美國總統唐納德·特朗普（Donald Trump）發起的關稅戰爭，比特幣的價格暴跌，然後在特朗普總統宣布打算儲存比特幣後迅速飆升。

President Donald Trump's tariff war is fueling inflation within the US, thereby giving the Federal Reserve (Fed) an incentive to delay cutting interest rates. This, in turn, is decreasing preference for risk assets like Bitcoin and increasing preference for safe assets such as gold and the dollar.

唐納德·特朗普總統的關稅戰爭正在加劇美國境內的通貨膨脹，從而使美聯儲（美聯儲）動機延遲降低利率。反過來，這正在減少對比特幣等風險資產的偏好，並增加對黃金和美元等安全資產的偏好。

As reported by Hankyung Economy TV, over the past month, Bitcoin prices have been showcasing a rollercoaster ride. The price of Bitcoin plummeted due to the tariff war initiated by President Trump, while a rapid surge was observed after President Trump declared his intention to stockpile Bitcoin.

據Hankyung經濟電視台報導，在過去的一個月中，比特幣價格一直在展示過山車。由於特朗普總統發起的關稅戰爭，比特幣的價格暴跌了，而特朗普總統宣布打算儲存比特幣後，迅速湧現。

At one point, Bitcoin crashed to the 110 million KRW range, but within just two days, it recovered to the 140 million KRW range.

有一次，比特幣撞到了1.1億krw範圍，但在短短兩天內，它恢復到了1.4億krw範圍。

According to the domestic cryptocurrency exchange Upbit on the 4th, Bitcoin fell by 20.9% last month alone. It soared to 160,304,000 KRW on the 3rd of last month, but expanded its decline to 118,266,000 KRW on the 26th of last month.

根據國內加密貨幣交易所在第四次的報導，僅上個月，比特幣就下降了20.9％。上個月第3次飆升至160,304,000 krw，但在上個月26日將其下降到118,266,000 krw。

In the global market, Bitcoin was traded at $78,411.03 at one point. This was the first time Bitcoin traded in the $70,000 range since November last year, about three months ago.

在全球市場上，比特幣的交易價格為78,411.03美元。這是自去年11月（大約三個月前）以來比特幣首次在70,000美元範圍內交易。

After the US presidential election last November, Bitcoin rose steadily as President Trump, who introduced himself as a pro-cryptocurrency advocate, was elected. However, investor sentiment weakened as President Trump did not introduce any noteworthy cryptocurrency-related policies after his inauguration.

去年11月美國總統大選後，比特幣穩步上升，特朗普總統被當選為親密貨幣倡導者。但是，由於特朗普總統在就職典禮後沒有引入任何與加密貨幣相關的政策，投資者的情緒削弱了。

Furthermore, Bitcoin has been negatively affected as President Trump started tariff wars with not only China but also Canada and Mexico.

此外，隨著特朗普總統不僅與中國而且加拿大和墨西哥發起關稅戰爭，比特幣受到了負面影響。

On the 28th of last month, President Trump announced that he would impose the planned 25% tariff on Canada and Mexico from the 4th of next month if the issue of synthetic drugs such as fentanyl flowing into the US is not resolved. He also announced plans to impose an additional 10% tariff on China, which already faces a 10% tariff. He also expressed his intention to impose a 25% tariff on the European Union (EU).

上個月28日，特朗普總統宣布，如果未能解決芬太尼等合成藥物（例如流入美國）的問題，他將從下個月對加拿大和墨西哥徵收25％的關稅。他還宣布計劃向中國額外徵收10％的關稅，該關稅已經面臨10％的關稅。他還表示打算對歐盟（EU）徵收25％的關稅。

If the US raises tariffs on trading partners, there are concerns that it could fuel inflation within the US. This gives the Fed an incentive to delay cutting interest rates.

如果美國對貿易夥伴提出關稅，則有人擔心它可能會加油美國境內的通貨膨脹。這使美聯儲有動力延遲降低利率。

When interest rate cuts are delayed, preference for risk assets like Bitcoin decreases, while preference for safe assets such as gold and the dollar increases.

當降低利率降低時，對比特幣等風險資產的偏愛會減少，而對黃金和美元等安全資產的偏愛也會增加。

However, in just two days since the beginning of this month, Bitcoin has recovered to the 140 million KRW range. This occurred after President Trump hinted again at his intention to stockpile Bitcoin on the 2nd (local time) on SNS, saying, “The stockpiling of virtual assets by the United States will boost this industry, which has fallen into crisis after years of corrupt attacks by the Biden administration.”

但是，自本月初以來僅兩天，比特幣已恢復到1.4億krw範圍。這發生在特朗普總統再次暗示他打算在第二個（當地時間）將比特幣庫存在SNS上的意圖之後，他說：“美國對虛擬資產的庫存將促進該行業，該行業在拜登政府多年的腐敗襲擊中陷入了危機。”

President Trump also stated, “I make it clear that we will make America the capital of virtual assets worldwide,” and added, “We are making America great again.”

特朗普總統還說：“我清楚地表明，我們將使美國成為全球虛擬資產的首都，並補充說：“我們正在使美國再次變得偉大。”

Upon this news, Bitcoin in South Korea rapidly rose from the 120 million KRW range to the 140 million KRW range. In the global market, Bitcoin also recovered to $90,000.

在這一消息中，韓國的比特幣從1.2億krw範圍迅速上升到1.4億krw範圍。在全球市場上，比特幣也恢復到90,000美元。

Previously, President Trump had signed an executive order for the development of the cryptocurrency industry right after his inauguration. The executive order included establishing a presidential working group on digital asset markets and reviewing national-level digital asset stockpiling.

此前，特朗普總統簽署了一項行政命令，以在就職典禮後立即開發加密貨幣行業。行政命令包括建立一個關於數字資產市場的總統工作組並審查國家級數字資產庫存。

Some claim, “Will reach $200,000 this year”

一些人聲稱“今年將達到200,000美元”

While skepticism about Bitcoin remains, Governor Martin Schlegel of the Swiss National Bank (SNB) expressed his views on Bitcoin in an interview with Swiss media.

儘管對比特幣的懷疑仍然存在，但瑞士國家銀行（SNB）的州長馬丁·施萊格爾（Martin Schlegel）在接受瑞士媒體採訪時對比特幣表示了看法。

Governor Schlegel stated that Bitcoin has various problems as an asset and is not suitable as a central bank reserve.

州長施萊格爾（Schlegel）表示，比特幣作為資產有各種問題，不適合作為中央銀行儲備。

He explained, “Bitcoin shows extreme price volatility, making it difficult to maintain long-term investment value. Also, central bank reserves should be quickly utilized for monetary policy purposes when needed, but Bitcoin has limitations in terms of liquidity.”

他解釋說：“比特幣顯示出極端的價格波動，因此很難保持長期投資價值。同樣，應在需要時快速將中央銀行的儲備用於貨幣政策目的，但比特幣在流動性方面有局限性。”

Furthermore, he pointed out that Bitcoin being a software-based asset exposes it to security vulnerabilities.

此外，他指出，比特幣是基於軟件的資產，將其暴露於安全漏洞中。

However, some are expressing optimism that Bitcoin will rise in the medium to long term.

但是，有些人表示樂觀，比特幣將在中長期內上升。

Jeffrey Kendrick, Head of Digital Asset Research at Standard Chartered (SC), predicted, “As the virtual asset industry becomes more institutionalized, the market will become safer, and as the adoption of virtual assets by institutions increases and regulatory clarity in the US combines, volatility will decrease over time.”

標準憲章（SC）的數字資產研究負責人杰弗裡·肯德里克（Jeffrey Kendrick）預測：“隨著虛擬資產行業變得更加製度化，市場將變得更加安全，並且隨著美國聯合會中機構的虛擬資產的提高和監管清晰度的提高，波動性會隨著時間的推移而下降。”

He claimed, “Bitcoin will rise to $200,000 this year and to $500,000 before President Trump leaves office.”

他聲稱：“今年比特幣將上漲至200,000美元，在特朗普總統離開辦公室之前，比特幣將增加到500,000美元。”

Robert Kiyosaki, author of the bestseller ‘Rich Dad Poor Dad’ and a Bitcoin enthusiast, posted on SNS on the 28th of last month, “Bitcoin's crash

羅伯特·基亞薩基（Robert Kiyosaki）是暢銷書《富有爸爸爸爸》和比特幣愛好者的作者，上個月在SNS上發表了“比特幣的崩潰