比特币（BTC）会从特朗普政府的关税战争中反弹吗？

最近，加密货币市场尚未达到特朗普政府的期望。虽然投资者希望监管改革和比特币战略储备将提高价格

Recently, the crypto market has yet to live up to expectations under the Trump Administration despite investors’ hopes for regulatory reforms, the Bitcoin Strategic Reserve, and the impact of Trump’s new policies on crypto prices.

最近，尽管投资者对监管改革，比特币战略储备以及特朗普的新政策对加密货币价格的影响，但加密货币市场尚未达到特朗普政府的期望。

Instead, Bitcoin’s price has fallen from over $100,000 at the start of the year to the mid-$80,000s for most of March.

取而代之的是，比特币的价格从今年年初的100,000美元下降到3月的大部分时间中的80,000美元。

With the markets bracing up for Trump’s reciprocal tariffs, to be announced on Tuesday at 4 p.m. ET, it remains uncertain how BTC will react in the long run.

随着市场将在周二下午4点宣布的特朗普的互惠关税付出支持，从长远来看，BTC将如何做出反应。

President Trump is gearing up to drop a major announcement, dubbed “Liberation Day,” on Tuesday at 4 p.m. ET. The announcement will focus on unveiling reciprocal tariffs targeting 15 countries, including China, Canada, and Mexico, which have already imposed tariffs on the U.S.

特朗普总统正准备在周二下午4点美国东部时间（Liberation Day）宣布“解放日”。该公告将着重于针对包括中国，加拿大和墨西哥在内的15个国家的相互关税，这些关税已经对美国征收关税

However, the announcement is likely to be the subject of speculation and rumors.

但是，该公告可能是猜测和谣言的主题。

As the world’s largest economy faces an onslaught of tariffs from its trading partners, President Trump is preparing to retaliate with a broad-ranging tariff program of his own.

随着世界上最大的经济体面临其贸易伙伴关税的冲击，特朗普总统正准备通过自己的广泛关税计划进行报复。

The move is set to affect 15 countries that have already placed tariffs on U.S. goods, in an effort to exert pressure on these nations to open up their markets and reduce the trade deficit with the U.S.

此举将影响15个已经对美国商品征收关税的国家，以期向这些国家施加压力，以开放其市场并减少与美国的贸易赤字

Among the countries targeted by Trump’s tariffs are Canada, Mexico, China, India, Brazil, Turkey, Spain, France, Germany, Italy, Japan, Korea, Taiwan, Thailand, and Vietnam.

特朗普关税针对的国家包括加拿大，墨西哥，中国，印度，巴西，土耳其，西班牙，法国，德国，意大利，日本，韩国，台湾，泰国，泰国和越南。

These tariffs are expected to be imposed on a wide range of goods, including food, clothing, machinery, and electronics. The tariffs could have a significant impact on both consumers and businesses in the U.S. and abroad.

预计这些关税将被强加于各种商品，包括食品，服装，机械和电子产品。关税可能会对美国和国外的消费者和企业产生重大影响。

Tariff War Shakes Up the Market

关税战在市场上摇摆

The ongoing tariff war is shaking up the stock market, with the S&P 500 dropping over 2% in the past five days. Bitcoin’s price often follows the market, so it could face more ups and downs. The trade war is likely to cause more short-term price swings.

持续的关税战争正在震撼股票市场，在过去五天中，标准普尔500指数下降了2％以上。比特币的价格经常遵循市场，因此它可能会面临更多的起伏。贸易战可能会导致更多的短期价格波动。

Crypto prices have taken a hit as they’ve become more tied to traditional assets like stocks and bonds, which are struggling due to economic uncertainty. U.S. tariffs on imports have left Wall Street worried about a global recession, making investors wary of risky assets like crypto.

加密价格已经受到打击，因为它们与股票和债券等传统资产更加紧密，这些资产由于经济不确定性而苦苦挣扎。美国对进口的关税使华尔街担心全球经济衰退，这使得投资者对加密货币等风险资产保持警惕。

Marc Ostwald, Chief Economist at ADM Investor Services International, explained that “Markets are losing their ‘risk appetite,’ which is pushing crypto further from safe-haven assets like gold, which remains the go-to choice in uncertain times.”

ADM Investor Services International的首席经济学家Marc Ostwald解释说：“市场正在失去其'风险胃口'，这将加密货币从诸如黄金之类的避行资产中进一步推动，这在不确定时期仍然是不确定的选择。”

As the global financial and trade system grows more fragmented, investors are increasingly seeking safer alternatives to riskier assets, and also place the U.S. dollar in a less favorable position.

随着全球金融和贸易体系的增长越来越零，投资者越来越多地寻求更安全的替代品，对风险较高的资产，也将美元置于不利的位置。

Right now, gold is the preferred choice, having already gained 18% in the year to date. But this could change, according to Omid Malekan, adjunct professor at Columbia Business School, who believes that Bitcoin might soon take over as the ‘new gold’.

目前，黄金是首选的选择，迄今为止已经在一年中获得了18％。但哥伦比亚商学院兼职教授Omid Malekan认为，这可能会改变，他认为比特币可能很快将其接管为“新黄金”。

“The future is uncertain as both crypto and tariffs are new and complex. Some might say that crypto is a risky tech asset, so its price would fall due to tariffs. But Bitcoin is also seen as ‘digital gold,’ and gold prices are rising with the tariff news. I personally believe that when the economy is uncertain, investors might turn more to Bitcoin, just like they’ve turned to gold recently.”

“未来是不确定的，因为加密和关税都是新颖而复杂的。有人可能会说加密货币是一种风险的技术资产，因此由于关税而将其价格下降。但是，比特币也被视为“数字黄金”，金价随着关税新闻而上涨。我个人相信，当经济不确定时，投资者可能会变成更多的比特币，就像他们变成了比特币一样。

Tariffs Could Boost Bitcoin

关税可以提高比特币

In another positive note, Zach Pandl, head of research at Grayscale, feels that the impact of tariffs on crypto could be “priced in” and the worst might be over already.

在另一个积极的看来，格雷斯卡尔（Grayscale）研究负责人扎克·潘德（Zach Pandl）认为关税对加密货币的影响可能会“定价”，最糟糕的情况可能已经结束了。

Besides, he believes that the Liberation Day announcement could help ease the financial market struggles and if the tariffs are kept tough but phased, targeting 15 countries, the markets will likely rally.

此外，他认为，解放日的宣布可以帮助缓解金融市场的斗争，如果关税保持艰难，但分阶段是针对15个国家的，市场可能会集结。

Pandl added that events like Circle’s IPO wouldn’t be happening if institutions weren’t getting more comfortable with the crypto space and its regulations. He believes that the tariffs will reduce the demand for the U.S. dollar and open the door for other currencies like Bitcoin.

Pandl补充说，如果机构对加密空间及其法规越来越满意，诸如Circle的IPO之类的事件将不会发生。他认为，关税将减少对美元的需求，并为像比特币这样的其他货币打开大门。

Pandl still believes that Bitcoin will reach a new all-time high this year, despite the current negative sentiment around its price due to the market downturn.

Pandl仍然认为，尽管由于市场低迷，目前的负面情绪围绕其价格，比特币今年将达到今年的新历史最高水平。

Bounce-back For Bitcoin?

比特币反弹？

While crypto traders are used to rapid price swings, even the most experienced traders were surprised by Bitcoin’s recent price drop.

尽管加密交易者被用来快速价格波动，但即使是最有经验的交易者也对比特币最近的价格下跌感到惊讶。

After reaching an all-time high of $103,000 in early January, Bitcoin has encountered significant headwinds.

在1月初达到了103,000美元的历史最高点之后，比特币遇到了巨大的逆风。

As the S&P 500 slides further into a bear market and the U.S. prepares for another round of tariffs, traders are bracing for more volatility in crypto markets.

随着标准普尔500指数进一步滑入熊市，美国为另一轮关税做准备，交易者正在为加密货币市场的更多波动而做好准备。

But despite the gloomy outlook and pessimistic outlooks from some analysts, traders are still hopeful that Trump’s

但是，尽管一些分析师的前景和悲观的前景令人沮丧，但交易者仍然希望特朗普的