比特币在市场溃败中表现出令人惊讶的表现

持续的市场溃败，以应对美国关税问题，贸易战升级和地缘政治紧张局势为投资者带来挑战

The ongoing market rout in response to U.S. tariff concerns, escalating trade wars, and geopolitical tensions creates challenges for investors seeking havens and opportunity. Bitcoin (BTC) emerged in the last week as a surprising performer, volatile and yet ultimately resilient during equity and bond drawdowns.

持续的市场破坏应对美国关税问题，贸易战升级和地缘政治紧张局势为寻求避风港和机会的投资者带来挑战。比特币（BTC）在上周出现，是一个令人惊讶的表演者，易变的，但最终在股票和债券降低期间有弹性。

Those investors leery of direct investing into bitcoin but seeking exposure should consider the CoinShares Valkyrie Bitcoin Miners ETF (NYSE:WGMI). The actively managed fund provides pure-play exposure to bitcoin miners in North America.

那些直接投资对比特币的投资者持有贷款，但寻求曝光应考虑Coinshares Valkyrie Bitcoin Miners ETF（NYSE：WGMI）。积极管理的基金可为北美的比特币矿工提供纯粹的游戏风险。

The Devaluation of the Dollar and U.S. Tariffs

美元和美国关税的贬值

The U.S. dollar has been rapidly depreciating in recent months, hitting 20-month lows against a basket of currencies. This devaluation is partly due to the massive stimulus spending during the COVID-19 pandemic, which has led to a sharp rise in the U.S. national debt.

近几个月来，美元一直在迅速折旧，击中了20个月的低点。这种贬值的部分原因是在19日大流行期间的巨大刺激支出，这导致美国国家债务的急剧上升。

As the dollar depreciates, other currencies, such as the euro and the yen, tend to appreciate in value. This can create problems for U.S. exporters, who will find their goods becoming more expensive relative to foreign competitors.

由于美元贬值，其他货币（例如欧元和日元）倾向于欣赏价值。这可能会给美国出口商带来问题，他们发现相对于外国竞争对手而言，他们的商品变得越来越昂贵。

In response to these concerns, U.S. President Donald Trump has threatened to impose tariffs on a vast range of goods imported from China and other countries. These tariffs are designed to raise the prices of U.S. consumers and businesses, which could lead to a decrease in demand for foreign goods.

为了应对这些问题，美国总统唐纳德·特朗普（Donald Trump）威胁要对从中国和其他国家进口的各种商品征收关税。这些关税旨在提高美国消费者和企业的价格，这可能导致对外国商品的需求减少。

Trump's administration has already imposed tariffs on $250 billion worth of Chinese goods, and is threatening to impose tariffs on an additional $1 trillion in goods if China does not agree to a trade deal. These tariffs are set to take effect on Sunday, April 14.

特朗普的政府已经对价值2500亿美元的中国商品征收关税，并威胁要对中国不同意贸易协议，征收另外1万亿美元的商品关税。这些关税定于4月14日星期日生效。

The administration is also planning to impose tariffs of 10% on all goods from Canada, Mexico, and the European Union, beginning on Monday, April 15. These tariffs would be in response to what the administration deems unfair trade practices by these countries.

政府还计划从4月15日星期一开始对加拿大，墨西哥和欧盟的所有商品征收10％的关税。这些关税将对政府认为这些国家的不公平贸易做法的回应。

The Trump administration has stated that the tariffs are necessary to protect U.S. jobs and to reduce the trade deficit. However, critics argue that the tariffs will ultimately harm the U.S. economy by raising prices for consumers and businesses, and leading to job losses.

特朗普政府表示，关税是保护美国就业机会和减少贸易赤字的必要条件。但是，批评家认为，关税最终将通过提高消费者和企业的价格并导致失业来损害美国经济。

The administration is also planning to impose tariffs of 10% on all goods from Canada, Mexico, and the European Union, beginning on Monday, April 15. These tariffs would be in response to what the administration deems unfair trade practices by these countries.

政府还计划从4月15日星期一开始对加拿大，墨西哥和欧盟的所有商品征收10％的关税。这些关税将对政府认为这些国家的不公平贸易做法的回应。

The Trump administration has stated that the tariffs are necessary to protect U.S. jobs and to reduce the trade deficit. However, critics argue that the tariffs will ultimately harm the U.S. economy by raising prices for consumers and businesses, and leading to job losses.

特朗普政府表示，关税是保护美国就业机会和减少贸易赤字的必要条件。但是，批评家认为，关税最终将通过提高消费者和企业的价格并导致失业来损害美国经济。

Bitcoin Price Today

今天的比特币价格

The world's largest cryptocurrency is currently trading at $84,959 as of midday trading on Thursday, April 17. BTC dropped to lows near $75,000 on April 9.

截至4月17日（星期四）中午交易，全球最大的加密货币目前的交易价格为84,959美元。BTC在4月9日下降到低点接近75,000美元。

Between April 1 and April 17, bitcoin's price has risen by nearly 2%.

在4月1日至4月17日之间，比特币的价格上涨了近2％。

The cryptocurrency has been known for its volatility, which could prove an attractive alternative for some investors as U.S. economic outlooks crumble. In an environment where the dollar is challenged, U.S. debt climbs, and global trade scrambles to establish a new regime, an investment case for bitcoin's decentralized approach to finance could hold appeal. On a more fundamental level, bitcoin could provide diversification should prices continue to diverge from equity performance.

加密货币以其波动性而闻名，这对于某些投资者而言，随着美国经济前景崩溃，这可能是一种有吸引力的替代品。在挑战美元挑战的环境中，美国债务攀升和全球贸易争夺建立新政权，比特币分散式资金的投资案例可以提起上诉。从更基本的角度来看，如果价格继续与股票绩效差异，比特币可以提供多元化。

"Bitcoin is consolidating at higher levels (and above where it was trading before Trump’s election win in November last year), and the structural groundwork—ranging from institutional infrastructure to sovereign-level interest—is being quietly laid," Bitfinex bitcoin and crypto exchange analysts explained in a note to Forbes.

“比特币在较高的水平上（在特朗普去年11月的特朗普选举赢得胜利之前进行交易的位置），而结构性的基础工作（从机构基础设施到主权级别的利益）是悄悄地置于的，” Bitfinex Bitcoin和Crypto Explactant在注明Forbes的注释中说明了。

CoinShares Valkyrie Bitcoin Miners ETF

Coinshares Valkyrie比特币矿工ETF

For those investors seeking opportunity in bitcoin but leery of direct exposure, the CoinShares Valkyrie Bitcoin Miners ETF (NYSE:WGMI) could provide opportunity. The actively managed fund provides pure-play exposure to bitcoin miners in North America.

对于那些在比特币中寻求机会但直接曝光的投资者来说，Coinshares Valkyrie Bitcoin Miners ETF（NYSE：WGMI）可以提供机会。积极管理的基金可为北美的比特币矿工提供纯粹的游戏风险。

The fund doesn't invest directly in bitcoin. Rather, WGMI invests in companies who earn at least half their profits or revenue from bitcoin mining. It also invests in those companies providing hardware, software or services to bitcoin mining companies. Additionally, the strategy seeks companies that manufacture specialized chips used in bitcoin mining.

该基金不会直接投资比特币。相反，WGMI投资于从比特币采矿中获得至少一半利润或收入的公司。它还投资于为比特币采矿公司提供硬件，软件或服务的公司。此外，该战略还寻求制造用于比特币采矿的专业芯片的公司。

Bitcoin mining entails running mining computer rigs with specialized programs. These rigs use intense computations to validate transactions on the Bitcoin Network, a decentralized blockchain ledger. As miners validate transactions and solve computations, they create new blocks for the blockchain and are rewarded with newly minted bitcoin cryptocurrency as well as transaction fees.

比特币采矿需要使用专业程序运行采矿计算机钻机。这些钻机使用强烈的计算来验证比特币网络上的交易，这是一个分散的区块链分类帐。当矿工验证交易并解决计算时，他们为区块链创建了新的区块，并获得了新近铸造的比特币加密货币以及交易费用的奖励。

Bitcoin has a finite amount of supply (21 million), with halving events approximately every four years. Each halving reduces the amount of bitcoin paid for creation of new blocks, cutting supply in half. This means that over time, bitcoin miners will earn less for mining

比特币的供应量有限（2100万），大约每四年减半。每个减半都会减少用于创建新块的比特币的数量，从而将供应量减少了一半。这意味着，随着时间的流逝，比特币矿工的采矿收入会减少