受美国友好监管预期提振，比特币逼近 10 万美元水平

截至周五上午 7:03，最大的数字资产在新加坡的交易价格为 98,550 美元，周四在美国短暂触及创纪录的 99,000 美元。

Bitcoin approached the key level of US$100,000 on Friday, buoyed by expectations of friendly US regulations and expanding investor interest, largely driven by President-elect Donald Trump’s support for crypto.

周五，比特币逼近 10 万美元的关键水平，受到美国友好监管的预期和不断扩大的投资者兴趣的提振，这在很大程度上是由当选总统唐纳德·特朗普对加密货币的支持推动的。

The largest digital asset traded at $98,550 as of 7:03 a.m. Friday in Singapore after briefly scaling a record $99,000 on Thursday in the US.

截至周五上午 7:03，这一最大的数字资产在新加坡的交易价格为 98,550 美元，周四在美国短暂触及创纪录的 99,000 美元。

The crypto market as a whole has gained about $1 trillion since Trump’s November 5 election win.

自特朗普 11 月 5 日赢得大选以来，整个加密货币市场已上涨约 1 万亿美元。

Among the latest in a recent tide of US developments, Securities and Exchange Commission Chair Gary Gensler plans to step down on January 20, when Trump is due to be inaugurated. Gensler’s tenure was marked by a flurry of SEC crypto enforcement actions, which the industry expects will peter out under Trump.

美国证券交易委员会主席加里·詹斯勒 (Gary Gensler) 计划于 1 月 20 日特朗普就职典礼当天辞职，这是美国近期的最新动态之一。 Gensler 的任期以 SEC 的一系列加密执法行动为标志，业界预计这些行动将在特朗普的领导下逐渐消失。

Trump’s transition team has begun to hold discussions over whether to create a new White House post dedicated to digital-asset policy. Crypto is seeking a direct line to the president-elect, who is now an industry cheerleader.

特朗普的过渡团队已开始讨论是否在白宫设立一个专门负责数字资产政策的新职位。 Crypto 正在寻求与当选总统的直接联系，后者现在是行业的啦啦队长。

The Trump inflection is filtering across Wall Street. Charles Schwab Corp.’s incoming Chief Executive Officer Rick Wurster said Thursday the firm will get into offering spot crypto trading once regulatory changes materialise.

特朗普的态度正在蔓延整个华尔街。查尔斯·施瓦布公司(Charles Schwab Corp.)即将上任的首席执行官里克·沃斯特(Rick Wurster)周四表示，一旦监管变化成为现实，该公司将开始提供现货加密货币交易。

Bitcoin accumulator MicroStrategy’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin exchange-traded funds, also lifted sentiment this week.

比特币累积器 MicroStrategy 计划加速购买该代币，以及美国比特币交易所交易基金期权的首次亮相，也提振了本周的市场情绪。

“We can focus on news that SEC Chair Gary Gensler will step down on January 20, sizeable inflows into the ETFs, and the role that options play in driving prices higher, but this is an out-and-out momentum rally, and US$100,000 is acting as a magnet,” Chris Weston, head of research at Pepperstone Group, wrote in a note.

“我们可以重点关注 SEC 主席加里·詹斯勒 (Gary Gensler) 将于 1 月 20 日卸任的消息、大量资金流入 ETF，以及期权在推高价格方面所发挥的作用，但这是一次不折不扣的势头反弹，10 万美元Pepperstone Group 研究主管 Chris Weston 在一份报告中写道。

Advocates of Bitcoin’s claimed role as a modern-day store of value cherish the US$100,000 level as a symbolic rebuttal of skeptics who see little utility in crypto and decry its links to crime. While the token has more than doubled in price this year, many experts still question its fitness for investment portfolios.

比特币作为现代价值储存手段的拥护者珍视 10 万美元的水平，以此象征性地反驳怀疑论者，他们认为加密货币没什么用处，并谴责其与犯罪的联系。尽管该代币的价格今年上涨了一倍多，但许多专家仍然质疑其是否适合投资组合。

‘Very volatile’

“非常不稳定”

“Bitcoin is not something you can value,” Themis Themistocleous, EMEA chief investment officer at UBS Wealth Management, said on Bloomberg Television. It’s very volatile, and we think you can have in your portfolio other hedges like gold, that all the time prove to be a much more effective hedge.”

瑞银财富管理公司欧洲、中东和非洲地区首席投资官 Themis Themistocleous 在彭博电视上表示：“比特币不是一种可以估价的东西。”它的波动性很大，我们认为你可以在你的投资组合中加入其他对冲工具，比如黄金，事实证明，这是一种更有效的对冲工具。”

A group of one dozen US ETFs investing in Bitcoin attracted a net inflow of US$5.9 billion in the period following Election Day, according to data compiled by Bloomberg. The group’s total assets have reached an all-time high of $100 billion.

根据彭博社汇编的数据，在选举日之后的一段时间内，由 12 只投资比特币的美国 ETF 吸引了 59 亿美元的净流入。集团总资产已达1000亿美元，创历史新高。

Trump has pledged to create a supportive US crypto regulatory framework and set up a strategic Bitcoin stockpile. However, the timeline for implementing his promises and the feasibility of the Bitcoin reserve remain unclear.

特朗普承诺创建一个支持性的美国加密货币监管框架，并建立战略性比特币储备。然而，兑现其承诺的时间表以及比特币储备的可行性仍不清楚。

The president-elect used to be a crypto skeptic but changed tack after digital-asset firms spent heavily during the election campaign to promote their interests. He also has his own digital-asset projects.

这位当选总统曾经是加密货币怀疑论者，但在数字资产公司在竞选期间投入巨资以促进其利益后，他改变了策略。他还有自己的数字资产项目。

The current optimism has dulled memories of a market rout in 2022 that exposed fraud and other risky practices and led to the collapse of platforms, including Sam Bankman-Fried’s FTX exchange. The turmoil prompted the SEC clampdown that now appears set to ease under Trump.

当前的乐观情绪淡化了人们对 2022 年市场暴跌的记忆，这场暴跌暴露了欺诈和其他风险行为，并导致包括 Sam Bankman-Fried 的 FTX 交易所在内的平台崩溃。这场动荡促使美国证券交易委员会(SEC)采取严厉措施，而在特朗普的领导下，这种打击力度似乎有所放松。

“Bitcoin embodies change,” wrote Noelle Acheson, author of the Crypto Is Macro Now newsletter. For “those of us who grasped long ago the potential for a new form of data transfer to alter how citizens view authority and how authority views society, it’s both encouraging and a bit alarming to see the validation,” she said.

“比特币体现了变化，”《加密货币现在是宏观》时事通讯的作者诺埃尔·艾奇逊写道。她说：“对于我们这些很久以前就意识到一种新的数据传输形式有可能改变公民如何看待权威以及权威如何看待社会的人来说，看到这种验证既令人鼓舞又有点令人震惊。”