比特币（BTC）可以从人民币的弱点中受益，因为中国资本寻求分散资产的庇护

自2007年以来，中国人民币（CNY）一直跌至其最低水平，成为美国和中国之间不断升级的贸易战的中心闪点。

The Chinese renminbi (CNY) has weakened to its lowest point since 2007, becoming a central flashpoint in the escalating trade war between the United States and China.

自2007年以来，中国人民币（CNY）削弱了其最低点，成为美国与中国之间不断升级的贸易战的中心闪点。

The move has also reignited speculation that yuan weakness could once again serve as a bullish catalyst for Bitcoin (BTC), as investors brace for tighter capital controls and seek alternative stores of value.

此举还重新激发了人们的猜测，即Yuan的弱点可以再次成为比特币（BTC）的看涨催化剂，作为投资者的资本控制，并寻求替代价值的替代商店。

Yuan Hits Rmb7.351 — PBoC Signals Controlled Depreciation

元命中率7.351元 - PBOC信号控制折旧

The onshore yuan touched Rmb7.351 per USD before recovering slightly, according to TradingView data. The People’s Bank of China (PBoC) has allowed a weaker “fixing” rate for six consecutive sessions, signaling an official shift toward currency depreciation.

根据TradingView数据，陆上人民币在稍微恢复之前触及了每美元的7.351 rmb7.351。中国人民银行（PBOC）连续六届会议的“确定”率较弱，这表明正式转向货币贬值。

The last time the yuan saw such pressure was during the global financial crisis.

人民币上一次看到这种压力是在全球金融危机期间。

“The PBoC appears to be allowing a modest decline to cushion exporters from the impact of U.S. tariffs,” analysts noted, pointing to last week’s sweeping tariffs announced by President Donald Trump.

分析师指出：“ PBOC似乎使垫子出口商降低了垫子的出口商。”

While U.S. Treasury Secretary Scott Bessent warned against further CNY devaluation—calling it “a tax on the rest of the world”—China has thus far avoided any shock moves, aiming instead for a “controlled pace of depreciation,” according to a Chinese state bank trader.

尽管中国国家银行贸易商称，虽然美国财政部长斯科特·贝斯特（Scott Bessent）警告不要进一步贬值，但要宣布“对世界其他地方的税”，但迄今为止，中国避免了任何震惊的举动，而是旨在“折旧的速度”。

US-China Trade War Escalates

美国 - 中国贸易战升级

Tensions rose sharply after Trump unveiled a 125% tariff on Chinese imports while temporarily pausing tariffs for other nations at 10%. In response, China slapped an 84% tariff on American goods.

在特朗普公布了中国进口税率125％的同时，暂时暂停了其他国家的关税，紧张局势急剧下降。作为回应，中国对美国商品收取了84％的关税。

The offshore yuan (CNH), which trades more freely, hit a record low of Rmb7.42 this week.

更自由地进行交易的海上人民币（CNH）本周达到了创纪录的7元。

Meanwhile, capital outflows appear to be accelerating, with the Hong Kong dollar hitting its strongest level against the USD since 2021.

同时，资本流出似乎正在加速，香港美元以来，香港以自2021年以来的价格达到了最强的水平。

Historical Trends Suggest Bitcoin Could Benefit

历史趋势表明比特币可以受益

Periods of CNY weakness have coincided with surging Bitcoin interest among Chinese investors.

CNY弱点的时期与中国投资者之间的比特币兴趣激增。

Arthur Hayes, co-founder of BitMEX, pointed out that during similar macro conditions in 2013 and 2015, Bitcoin experienced explosive growth as a hedge against yuan depreciation.

BITMEX联合创始人Arthur Hayes指出，在2013年和2015年的类似宏观条件下，比特币经历了爆炸性增长，作为对元贬值的对冲。

“CNY deval = narrative that Chinese capital flight will flow into $BTC,” Hayes said on X.

海斯在X上说：“ CNY DEVAL =中国资本飞行将流向$ BTC的叙述。”

In 2017, when China imposed tighter capital controls and banned local crypto exchanges, Bitcoin demand surged domestically. Chinese exchanges like Huobi and OKX once accounted for over 90% of global BTC trading volumes.

2017年，当中国实施更严格的资本控制并禁止当地加密交易所，比特币需求在国内飙升。像Huobi和OKX这样的中国交流曾经占全球BTC交易量的90％以上。

“The Chinese really look to Bitcoin as an excellent digital store of value — a new electronic version of gold,” said Bobby Lee, founder of BTC China.

BTC China的创始人Bobby Lee说：“中国人确实将比特币视为一种出色的价值数字商店，这是黄金的新电子版。”

With China still enforcing strict capital controls, limiting overseas fund transfers to $50,000 annually, Bitcoin continues to present itself as a decentralized alternative to preserve wealth.

随着中国仍在执行严格的资本管制，每年将海外基金转移限制为50,000美元，比特币继续将自己作为保存财富的分散替代方案。

Analysts Eye Capital Flight and Bitcoin Momentum

分析师醒目的飞行和比特币动量

As Beijing’s monetary policy shifts to buffer against tariffs, analysts are watching for spillover effects into crypto markets. A rising BTC/CNY narrative could re-emerge if Chinese investors seek refuge from inflation and policy uncertainty.

随着北京的货币政策转移到针对关税的缓冲区，分析师正在关注加密市场的溢出效应。如果中国的投资者寻求避难和政策不确定性，BTC/CNY叙述的上升可能会重新出现。

Chris Burniske, a prominent crypto investor, previously predicted that yuan weakness would drive BTC higher—a pattern that played out during past trade shocks.

著名的加密投资者克里斯·伯尼斯克（Chris Burniske）此前曾预测，元的弱点将使BTC更高，这种模式在过去的贸易冲击过程中发挥了作用。

With BTC trading above $82,000 and up nearly 9% in 24 hours following Trump’s temporary tariff pause, analysts warn that another yuan-led Bitcoin rally could be forming.

在特朗普临时关税暂停之后24小时内，BTC的交易超过82,000美元，并上涨了近9％，分析师警告说，另一个由人民币领导的比特币集会可能会形成。

Key Takeaways:

关键要点：

The yuan hit Rmb7.351, its lowest level since 2007.

人民币击中了自2007年以来的最低水平。

Trade war escalates, with the U.S. imposing 125% tariffs on China and Beijing retaliating.

贸易战升级，美国对中国和北京报复征收125％的关税。

Past yuan devaluations have triggered Bitcoin surges as Chinese investors seek financial hedges.

过去的投资者寻求金融对冲，过去的元贬值引发了比特币的潮流。

Capital flight and strict controls could reinforce Bitcoin’s role as a decentralized store of value.

资本飞行和严格的控制可以增强比特币作为分散的价值存储的作用。