比特币受到特朗普的关注，特朗普最初对加密货币持怀疑态度

随着美元因唐纳德·特朗普有关美元作为全球储备货币的言论而上涨，金价下跌。

Gold prices fell on Monday as the dollar gained from former US President Donald Trump's pro-greenback rhetoric, while Bitcoin rose on anticipation of further support measures from Trump and his administration.

由于美国前总统唐纳德·特朗普的支持美元言论，美元上涨，黄金价格周一下跌，而比特币则因预期特朗普及其政府采取进一步支持措施而上涨。

Spot gold was trading at about $2,630.23 per ounce, down 0.2%, by 11:19 ET. Gold prices fell nearly 3% last week.

截至东部时间 11:19，现货黄金交易价格约为每盎司 2,630.23 美元，下跌 0.2%。上周金价下跌近3%。

The dollar index rose against the euro as political unrest escalated in France, while the yen weakened as US Treasury rates rose in tandem.

由于法国政治动荡升级，美元兑欧元上涨，而随着美国国债利率同步上涨，日元走弱。

Since gold does not pay interest, a stronger dollar makes it more expensive for buyers using foreign currencies, while higher rates have the opposite effect.

由于黄金不支付利息，美元走强使得使用外币的买家变得更加昂贵，而较高的利率则会产生相反的效果。

The weaker demand for safe-haven assets, which led to gold's decline last week, came after a US-brokered cease-fire agreement between Hezbollah and Israel went into force last week.

在美国斡旋下真主党和以色列之间的停火协议上周生效后，避险资产需求减弱，导致上周金价下跌。

However, gold and other safe-haven assets are still in demand due to concerns that Russia's confrontation with Ukraine might escalate.

然而，由于担心俄罗斯与乌克兰的对抗可能升级，黄金和其他避险资产仍然受到需求。

The price of precious metals has risen by almost 30% this year due to increased geopolitical and economic threats, central bank purchases, and the US Federal Reserve's monetary easing cycle.

由于地缘政治和经济威胁增加、央行购买以及美联储的货币宽松周期，今年贵金属价格已上涨近30%。

Last month, two prominent financial firms — Goldman Sachs and UBS Group — issued positive outlooks, suggesting that some analysts anticipate new milestones in 2025.

上个月，两家知名金融公司——高盛和瑞银集团——发布了积极的前景展望，表明一些分析师预计 2025 年将实现新的里程碑。

But gold is also taking a hit, while Bitcoin is gaining traction from Trump, who was skeptical of cryptocurrencies at first but is now an outspoken supporter.

但黄金也受到打击，而比特币则受到特朗普的关注，特朗普最初对加密货币持怀疑态度，但现在是直言不讳的支持者。

He has pledged to build a national stockpile, which is likely to be funded by the over 200,000 Bitcoin that the government now has as a result of asset seizures.

他承诺建立一个国家储备，资金可能来自政府因资产扣押而拥有的超过 20 万枚比特币。

Market watchers are on the lookout for any sign that he would support Senator Cynthia Lummis's measure to sell Fed gold certificates to acquire 1 million Bitcoin to add to that stockpile.

市场观察人士正在寻找任何迹象表明他会支持参议员辛西娅·鲁米斯 (Cynthia Lummis) 出售美联储黄金凭证以购买 100 万比特币以增加库存的措施。

Investors who are pursuing the token's price higher and higher, with predictions for it to reach $500,000 or even $1 million, are already taking a risk due to the enticing promise of a US strategic Bitcoin reserve.

由于美国战略比特币储备的诱人承诺，那些追求代币价格越来越高、预计其价格将达到 50 万美元甚至 100 万美元的投资者已经在冒险。

The Federal Reserve has enough gold on paper to buy a suggested quantity of Bitcoin worth over $100 billion, or almost $690 billion at today's market values.

美联储拥有足够的纸面黄金来购买建议数量超过 1000 亿美元的比特币，或者按今天的市场价值计算近 6900 亿美元。

If Trump and Congress begin to back the Lummis bill, though, those figures are sure to alter significantly: In the same way that the price of gold would fall if the government announced intentions to sell a lot of it, the price of Bitcoin would rise if such plans were announced.

不过，如果特朗普和国会开始支持鲁米斯法案，这些数字肯定会发生重大变化：就像如果政府宣布打算出售大量黄金，黄金价格就会下跌一样，比特币的价格也会上涨如果此类计划被宣布。

Nevertheless, there is no assurance that Trump will be able to amass the necessary quantity, much less that Congress will approve a measure to exchange a precious metal that has served as a reliable medium of exchange for a digital currency that is fifteen years old and is notorious for its wildly fluctuating values and association with con artists.

尽管如此，并不能保证特朗普能够积累必要的数量，更不用说国会会批准一项交换贵金属的措施了，这种贵金属一直是数字货币的可靠交换媒介，这种数字货币已经存在了 15 年，并且正在不断发展。因其价值观的剧烈波动和与骗子的联系而臭名昭著。

According to trading on the crypto-based predictions site Polymarket, a Bitcoin reserve is only 28% likely to be formed in Trump's first 100 days.

根据基于加密货币的预测网站 Polymarket 上的交易，在特朗普上任的前 100 天内形成比特币储备的可能性只有 28%。

Even if the reserve is established and more acquisitions are authorized, the dangers can intensify over time.

即使建立了储备并授权了更多收购，随着时间的推移，危险也会加剧。

Nevertheless, during the current honeymoon phase, when the market anticipates Trump's arrival and a new Congress, it is difficult to locate many investors who are pessimistic about Bitcoin's near future.

然而，在当前的蜜月期，当市场预期特朗普上任和新一届国会时，很难找到许多对比特币近期前景持悲观态度的投资者。

Remember that the value of this asset has skyrocketed from 5 cents in 2010 to almost $100,000 today and that exchange-traded funds have mitigated the perceived danger of investing in a crypto-native firm like FTX — which went bankrupt in 2022 and sent shockwaves through the cryptocurrency market — to a large extent.

请记住，这种资产的价值已从 2010 年的 5 美分飙升至如今的近 10 万美元，并且交易所交易基金减轻了投资 FTX 这样的加密原生公司的风险——该公司于 2022 年破产，并给整个金融市场带来了冲击。加密货币市场——在很大程度上。

With the market's institutional whales' wallets getting fatter and fatter, there need to be more sellers to keep prices from skyrocketing, particularly among the original Bitcoiners who are hesitant to sell.

随着市场机构鲸鱼的钱包越来越厚，需要更多的卖家来阻止价格飙升，尤其是那些犹豫是否出售的原始比特币持有者。

Then there's the unknowable fraction of Bitcoin that will remain in circulation forever when people lose track of their passwords or the hard discs that store their Bitcoin wallet keys.

然后，当人们忘记密码或存储比特币钱包密钥的硬盘时，比特币中不可知的部分将永远保持流通。

There is much conjecture that Satoshi has died, rendering those tokens worthless, as his wallet is said to contain 1.1 million Bitcoin.

有很多猜测认为中本聪已经去世，导致这些代币一文不值，因为据说他的钱包里有 110 万个比特币。

A crucial component of the blockchain's architecture is the continuous reduction of the quantity of new Bitcoin to avoid the kind of inflation that affects countries with overly active money printers.

区块链架构的一个关键组成部分是不断减少新比特币的数量，以避免影响印钞机过于活跃的国家的通货膨胀。

If the estimated demand from MicroStrategy and the potential US government stockpile under the Lummis bill materializes, it is projected to exceed the yearly growth in the supply of around 164,250 Bitcoin.

如果 MicroStrategy 的预计需求和 Lummis 法案下的美国政府潜在库存成为现实，预计将超过约 164,250 个比特币的年度供应增长。

This amount is given to the computer operations known as miners, who safeguard the network.

这笔钱被分配给被称为“矿工”的计算机操作人员，他们负责保护网络。

Therefore, there are two sides to the risks that come from Bitcoin's new group of very concentrated owners.

因此，比特币新的非常集中的所有者群体带来的风险有两个方面。

Once dismissed as the wild fantasies of crypto zealots, many of the previously quoted exaggerated price predictions for

之前引用的许多夸大的价格预测一度被认为是加密货币狂热者的疯狂幻想。