美联储理事沃勒暗示 2025 年多次降息，比特币价格停滞在 10 万美元附近

宽松的前景可能会提振传统资产，但也引发了人们对加密货币未来方向的疑问。

Federal Reserve Governor Christopher Waller warned on Friday that multiple interest rate cuts might be done in 2025 as cooling inflation and a slowing economy might have captured more attention than the surprising strength of Bitcoin, which continues to hover around the $100,000 mark despite the broader market dynamics.

美联储理事克里斯托弗·沃勒 (Christopher Waller) 周五警告称，2025 年可能会进行多次降息，因为通胀降温和经济放缓可能比比特币的惊人强势更受关注，尽管市场动态较大，但比特币仍继续徘徊在 10 万美元大关附近。

Speaking at an economic forum, Waller stressed that the Federal Reserve would try to ensure a balance between economic recovery and control of inflation.

沃勒在经济论坛上发表讲话时强调，美联储将努力确保经济复苏和控制通胀之间的平衡。

“Now we are seeing the inflation rate moving towards the 2% target and the economy showing signs of softening,” Waller said. “But these trends show resiliency going forward, then we might see a case for adjustment of the rates to find a balance between growth and inflation.”

沃勒表示：“现在我们看到通胀率正向 2% 的目标迈进，经济也显示出疲软的迹象。” “但这些趋势显示出未来的弹性，那么我们可能会看到调整利率以在增长和通胀之间找到平衡的理由。”

Economic backgroundAfter a series of aggressive interest rate increases that the Fed effected because of the dramatically ballooning inflation rates right from 2022 to 2023, the Federal Reserve developed a more cautious approach in 2024. The most recent data that was referring to inflation is showing that these hikes might have somewhat moderated that threatening inflation while it is indicated now that job growth and consumer spending have started to slow down.

经济背景由于 2022 年至 2023 年通胀率急剧上升，美联储实施了一系列激进的加息政策，之后美联储在 2024 年采取了更为谨慎的做法。有关通胀的最新数据显示，这些加息可能会在一定程度上缓解通货膨胀的威胁，而现在有迹象表明就业增长和消费者支出已开始放缓。

Strategic changesWaller's statements fit a general expectation that the Fed could start a series of cuts on the interest rates in the second quarter of 2025. Consequently, analysts predict investor confidence that cuts contained could relieve borrowers and drive growth investment, but personal concerns over premature easing continue.

战略变化沃勒的声明符合美联储可能在2025年第二季度开始一系列降息的普遍预期。因此，分析师预测投资者有信心降息可以缓解借款人的压力并推动增长投资，但个人对过早宽松的担忧继续。

Bitcoin Standing OutOn the one hand, one side of all the mainstream asset classes is preparing for a buzz as to what possible changes it could face with the rates, and on the other hand, there are the cryptocurrencies that remained mostly balanced about $100,000 the other day, around which what other assets are always leveled awaiting a groundswell of transactions. The seeming stability flies in the face of all the otherwise hectic frenzies that have marked the holding of the value.

比特币脱颖而出一方面，所有主流资产类别中的一方面正在准备迎接可能面临的利率变化，另一方面，加密货币的价格基本保持在 100,000 美元左右。在这一天，其他资产总是在等待交易的激增。表面上的稳定与所有其他标志着该价值持有的忙碌疯狂背道而驰。

“Bitcoin's performance near $100,000 shouts the maturity in the financial asset category,” said Benjamin Cowen, a historic crypto strategist from such a financial technology company. “Investors are increasingly looking at it as a lighthouse, a substrate safe from evils during rough economic times.”

“比特币接近 10 万美元的表现标志着金融资产类别的成熟，”来自此类金融科技公司的历史加密货币策略师本杰明·考恩 (Benjamin Cowen) 表示。 “投资者越来越多地将其视为一座灯塔，一个在经济困难时期免受邪恶侵害的基质。”

Extensive explanationWaller's comments and Bitcoin's stability highlight an important alarm for global financial markets. The prospect of devaluation may boost traditional assets, but it also raises questions about the future direction of cryptocurrencies.

广泛解释沃勒的言论和比特币的稳定性给全球金融市场敲响了重要的警钟。贬值的前景可能会提振传统资产，但也引发了人们对加密货币未来方向的疑问。

“Lower prices can bring money into the economy, helping riskier assets like stocks and cryptocurrencies,” but the long-term effects, said Anna Wong, an economist at a leading Wall Street firm, “depend on whether these policies effectively support sustainable growth without further stimulating inflation.”

华尔街一家领先公司的经济学家安娜·王(Anna Wong)表示，“较低的价格可以为经济带来资金，帮助股票和加密货币等风险较高的资产”，但长期影响“取决于这些政策是否能有效支持可持续增长，而无需担心”。进一步刺激通胀。”

The Federal Reserve’s decision will be closely watched in the coming months, not only for its impact on traditional markets but also for how it shapes the narrative surrounding Bitcoin and other digital assets.

未来几个月，美联储的决定将受到密切关注，不仅因为它对传统市场的影响，还因为它如何塑造围绕比特币和其他数字资产的叙述。

Looking aheadAs policymakers weigh the risks and rewards of economic moderation, bitcoin's performance near $100K is a barometer of its growing role in the global economy. Whether the Federal Reserve's anticipated rate cuts will further boost bitcoin or change investor sentiment remains to be seen.

展望未来当政策制定者权衡经济放缓的风险和回报时，比特币接近 10 万美元的表现是其在全球经济中日益增长的作用的晴雨表。美联储预期的降息是否会进一步提振比特币或改变投资者情绪仍有待观察。

For now, the interplay between financial systems and cryptocurrency markets continues to capture the attention of investors worldwide, providing a glimpse into the future of finance in an increasingly digital age.

目前，金融系统和加密货币市场之间的相互作用继续吸引着全球投资者的关注，让我们得以一睹日益数字化时代的金融未来。