加密货币成为陷入困境的阿根廷和土耳其的避风港

在土耳其和阿根廷等国家的经济动荡和通货膨胀飙升的情况下，加密货币已成为避风港。数据显示，土耳其的加密货币拥有率为 27.1%，阿根廷为 23.5%，远超全球平均水平 11.9%。与美元等传统资产挂钩的稳定币作为当地货币贬值的替代品越来越受欢迎。

Cryptocurrencies Emerge as Safe Havens Amidst Economic Turmoil in Argentina and Turkey

在阿根廷和土耳其的经济动荡中，加密货币成为避风港

In an unprecedented twist, inherently volatile cryptocurrencies have transformed into safe-haven assets in countries plagued by economic turmoil, such as Argentina and Turkey. Skyrocketing inflation and plummeting local currencies have compelled citizens to seek refuge in the digital realm, resulting in remarkable crypto adoption rates.

在前所未有的转变中，本质上不稳定的加密货币已转变为阿根廷和土耳其等遭受经济动荡困扰的国家的避险资产。通货膨胀飙升和当地货币暴跌迫使公民在数字领域寻求庇护，导致加密货币采用率显着提高。

According to data from research firm GWI, Turkey boasts the highest cryptocurrency ownership rate globally, with 27.1% of its population holding digital assets. Argentina closely follows at 23.5%, far surpassing the estimated global crypto ownership rate of 11.9%.

研究公司 GWI 的数据显示，土耳其拥有全球最高的加密货币拥有率，27.1% 的人口持有数字资产。阿根廷紧随其后，为 23.5%，远远超过估计的全球加密货币拥有率 11.9%。

What unites Turkey and Argentina, beyond their prominence in crypto adoption, is rampant inflation, which has wreaked havoc on their respective currencies and prompted capital controls to prevent the outflow of funds. Turkey's annual inflation rate soared to 50.51% in March, while Argentina's reached an astronomical 104%.

除了在加密货币采用方面的突出地位之外，让土耳其和阿根廷团结起来的是猖獗的通货膨胀，这对两国各自的货币造成了严重破坏，并促使资本管制以防止资金外流。土耳其3月份年通胀率飙升至50.51%，而阿根廷则达到天文数字104%。

The Turkish lira and Argentine peso have spiraled into record lows, exacerbating the economic crisis. In the black market, Argentina's peso trades at around 464 per dollar, more than double the official exchange rate of 222.

土耳其里拉和阿根廷比索已跌至历史低点，加剧了经济危机。在黑市上，阿根廷比索的交易价格约为 464 比索兑换 1 美元，是官方汇率 222 比索的两倍多。

To combat the devaluation of their currencies, individuals and institutions alike are flocking to stablecoins, such as USD Coin (USDC) and Tether (USDT). These crypto tokens are pegged one-to-one to traditional assets like the U.S. dollar or gold, providing investors with an alternative to the increasingly scarce local currency.

为了应对货币贬值，个人和机构都纷纷涌向稳定币，例如美元硬币 (USDC) 和 Tether (USDT)。这些加密代币与美元或黄金等传统资产一对一挂钩，为投资者提供了日益稀缺的当地货币的替代方案。

"People are considering how they can hedge against currency devaluation, whether they are retail or institutional investors," explained Ehab Zaghloul, chief research scientist at Tribal Credit, a digital payments platform for emerging market startups. "They are seeking assets pegged to stronger currencies, such as USDC, USDT, or anything backed by a currency like the U.S. dollar."

“人们正在考虑如何对冲货币贬值，无论是散户还是机构投资者，”新兴市场初创公司数字支付平台 Tribal Credit 的首席研究科学家 Ehab Zaghloul 解释道。 “他们正在寻求与强势货币挂钩的资产，例如 USDC、USDT 或任何由美元等货币支持的资产。”

Amidst the economic turmoil, trading volume for the USDT-Turkish lira pair surged to a multi-month high last week, fueled by the currency's weakness and the upcoming presidential and parliamentary elections, according to Kaiko analyst Dessislava Aubert.

Kaiko 分析师 Dessislava Aubert 表示，在经济动荡的情况下，由于货币疲软以及即将举行的总统和议会选举，USDT 与土耳其里拉货币对的交易量上周飙升至数月高位。

"Crypto adoption tends to be higher in countries with capital restrictions, financial instability, and political instability," noted analysts at K33 Research.

K33 Research 的分析师指出：“在资本限制、金融不稳定和政治不稳定的国家，加密货币的采用率往往更高。”

Global Crypto Market Dynamics

全球加密货币市场动态

While bitcoin, the world's largest cryptocurrency, has gained 72% this year, hovering around $30,000, its highest point in 10 months, overall trading volumes remain far below last summer's levels. Investor confidence was severely shaken by the collapse of crypto exchange FTX and other industry players.

尽管全球最大的加密货币比特币今年上涨了 72%，徘徊在 3 万美元左右，创 10 个月来的最高点，但总体交易量仍远低于去年夏天的水平。加密货币交易所 FTX 和其他行业参与者的倒闭严重动摇了投资者的信心。

Spot bitcoin trading volumes peak during U.S. opening hours, with little variation from 2022, as per data from Kaiko. However, regulatory challenges faced by Binance have shifted a portion of derivative trading volume to Asia Pacific hours from the Americas.

根据 Kaiko 的数据，现货比特币交易量在美国开盘时间内达到峰值，与 2022 年相比几乎没有变化。然而，币安面临的监管挑战已将部分衍生品交易量从美洲转移至亚太时段。

Excluding dollar-to-crypto transactions, the South Korean won emerges as the second most prominent currency in crypto trading. Crypto volumes in South Korea have rebounded to levels seen in the first and second quarters of 2022 after a lackluster fourth quarter.

不包括美元对加密货币的交易，韩元成为加密货币交易中第二大货币。在经历了低迷的第四季度之后，韩国的加密货币交易量已反弹至 2022 年第一季度和第二季度的水平。

"The dominance of altcoins makes South Korea a captivating market to analyze," remarked analysts at crypto investment firm Matrixport. "This stands in sharp contrast to other crypto exchanges, where bitcoin and Ethereum account for the bulk of trading volume."

加密货币投资公司 Matrixport 的分析师表示：“山寨币的主导地位使韩国成为一个值得分析的迷人市场。” “这与其他加密货币交易所形成鲜明对比，其中比特币和以太坊占据了大部分交易量。”

The rise of cryptocurrencies as safe havens in countries facing economic turmoil underscores their potential to play a role in mitigating financial risk. However, the regulatory landscape remains uncertain in many jurisdictions, and the volatility of crypto markets should not be overlooked.

在面临经济动荡的国家，加密货币作为避风港的崛起凸显了它们在减轻金融风险方面发挥作用的潜力。然而，许多司法管辖区的监管环境仍然不确定，加密货币市场的波动性不容忽视。