如果您拥有比特币并下降了60％，您会感觉如何？这听起来可能极端，但是这种情况是在之前发生的

这听起来可能很极端，但是这种情况以前发生了 - 它可能再次发生。今年到目前为止，BTC已经看到了抛售，从约109,000美元下降

Bitcoin (BTC) has been a hot topic of discussion in recent times, especially with the crypto market now in the midst of a downturn. This downturn has seen a selloff in both the broader equity markets and cryptocurrencies, driven by growing concerns of a recession in the U.S. following President Donald Trump's tariffs on key trading partners.

比特币（BTC）近来一直是讨论的热门话题，尤其是在经济低迷中的加密货币市场。在唐纳德·特朗普总统对主要贸易伙伴的关税之后，这一衰退的股票市场和加密货币都在越来越多的担忧驱动到美国的股票市场和加密货币。

Now, during a downturn, Bitcoin could suffer significant losses. Recent evidence from 2022 and 2020 shows that BTC lost over 60% of its value within just a few quarters.

现在，在低迷时期，比特币可能会遭受重大损失。 2022年和2020年的最新证据表明，BTC在短短几季度内损失了其价值的60％以上。

Bitcoin Price Today: BTC Is Down Over 20% In 2 Months As Trump Tariffs And A Pending Recession Continue To Weigh

今天的比特币价格：随着特朗普的关税和未决衰退的重量，BTC在2个月内下跌了20％以上

This may sound extreme, but such a scenario has occurred before – and it could happen again.

这听起来可能很极端，但是这种情况以前发生了 - 它可能再次发生。

Earlier this year, BTC saw a sell-off as it fell from a high of around $109,000 in January to trade at around $85,500 currently - a decline of over 20%.

今年早些时候，BTC的抛售是从一月份的高处约109,000美元下降，目前的交易价格约为85,500美元 - 下降了20％以上。

The sell-off has been driven by a mix of factors, including the major hack on the Bybit crypto exchange in February 2025 - a security breach that heightened concerns about the security of cryptocurrency platforms.

抛售是由多种因素驱动的，包括2025年2月在Bybit Crypto Exchange上的主要黑客攻击 - 这是对加密货币平台安全性的担忧。

Of course, cryptocurrencies tend to be more volatile than a diversified equity portfolio – so if you’re seeking growth with less volatility, consider the High-Quality portfolio, which has outperformed the S&P 500 and delivered returns exceeding 91% since its inception.

当然，加密货币往往比多元化的权益投资组合更加动荡 - 因此，如果您寻求较小的波动性增长，请考虑高质量的投资组合，该投资组合的表现优于标准普尔500指数，并且自从其不受欢迎以来的收益超过91％。

Why Is It Relevant Now?

为什么现在有意义？

The cryptocurrency market witnessed a substantial rally, fueled by Trump's election victory and the subsequent expectation of a more crypto-friendly regulatory environment. Bitcoin led the surge, climbing from under $70,000 in early November of the prior year to surpass $109,000 by January 19th. The announcement of a strategic crypto reserve for the U.S. further boosted Bitcoin's appeal.

特朗普的选举胜利以及随后对更友好的监管环境的期望，加密货币市场见证了一个实质性的集会。比特币领导了这一激增，从上一年的11月初攀升至70,000美元，到1月19日到达109,000美元。宣布为美国建立战略加密保护区，进一步提高了比特币的吸引力。

However, after this rapid climb, investors began securing profits - particularly in response to increasing macroeconomic uncertainties.

但是，经过这一快速攀升，投资者开始获得利润 - 特别是为了回应增加宏观经济的不确定性。

The new tariffs imposed earlier this month by the Trump administration on goods from Canada, Mexico, and China triggered market unease and contributed to the drop.

特朗普政府对加拿大，墨西哥和中国的商品政府施加的新关税引发了市场不安，并导致了下降。

Beyond this immediate impact, broader macroeconomic worries are also influencing investor behavior. Investors are generally reducing their exposure to riskier assets like Bitcoin due to concerns about the overall global economic outlook and interest rates.

除了这种直接影响之外，更广泛的宏观经济忧虑也会影响投资者的行为。由于担心全球经济前景和利率，投资者通常会降低其对比特币等风险较高的资产的接触。

While inflation concerns have somewhat moderated, they remain a significant consideration - particularly as President Trump's assertive policies on tariffs and immigration have renewed apprehensions about potential inflationary pressures. This uncertainty, coupled with the U.S. economy's potential for contraction, further elevates the risk of a recession.

尽管通货膨胀问题有些缓和，但它们仍然是一个重大考虑 -​​ 尤其是特朗普总统对关税和移民的自信政策已经引起了人们对潜在通货膨胀压力的担忧。这种不确定性，再加上美国经济的收缩潜力，进一步提高了经济衰退的风险。

Adding to this complex picture is an increasingly unstable global geopolitical environment. Persistent conflicts, such as the Ukraine-Russia war, renewed tensions in the Middle East, escalating trade disputes, and strained relationships with traditional allies like Canada, Mexico, and European nations - all introduce substantial additional risks to the market landscape. See our analysis here on the macro picture.

加入这一复杂图片是一个日益不稳定的全球地缘政治环境。乌克兰 - 俄罗斯战争等持续的冲突使中东造成了紧张局势，贸易争端升级，并与加拿大，墨西哥和欧洲国家等传统盟友建立了紧张的关系 - 都为市场格局带来了额外的额外风险。在宏观图片上查看我们的分析。

Given these intricate dynamics, investors should exercise caution and vigilantly monitor key macroeconomic indicators when evaluating positions in cryptocurrencies or similar investments.

鉴于这些复杂的动态，投资者应在评估加密货币或类似投资的立场时，应谨慎行事，并警惕地监视关键的宏观经济指标。

How Resilient Is Bitcoin During An Economic Downturn?

经济低迷期间，比特币的弹性如何？

BTC has seen an impact that was worse than the broader equity markets, including the S&P 500 index during some of the recent downturns.

BTC看到的影响比更广泛的股票市场更糟糕，包括在最近的一些低迷期间的标准普尔500指数。

Inflation Shock (2022)

通货膨胀冲击（2022）

* BTC fell 68% from a high of $47,738 on January 2, 2022 to $15,480 on November 21, 2022, vs. a peak-to-trough decline of 25.4% for the S&P 500

* BTC从2022年1月2日的高价降至2022年11月21日的15,480美元的高价下降了68％

* Bitcoin fully recovered to its pre-Crisis peak by March 2024

*到2024年3月，比特币完全恢复到危机前的峰值

* Since then, the currency has increased to a high of around $109,000 on January 20, 2025 and currently trades at around $85,500.

*从那以后，该货币在2025年1月20日上涨至约109,000美元，目前的交易价格约为85,500美元。

COVID-19 Pandemic (2020)

COVID-19大流行（2020年）

* BTC fell 63% from a high of around $10,500 mid-February 2020 to $3,850 on March 13, 2020, vs. a peak-to-trough decline of 33.9% for the S&P 500

* BTC从2020年2月中旬的高点降至2020年3月13日中期的$ 10,500降至3,850美元，而S＆P 500的峰值下降了33.9％

* The coin fully recovered to its pre-Crisis peak by late July 2020.

*硬币到2020年7月下旬完全恢复到危机前的山峰。

Cryptocurrencies remain high-risk assets, and their future performance will depend on regulatory and macroeconomic developments. Concerned about crypto volatility? Explore the High Quality Portfolio, a carefully curated selection of 30 stocks that has consistently outperformed the S&P 500 over the past

加密货币仍然是高风险资产，其未来绩效将取决于监管和宏观经济发展。担心加密波动？探索高质量的投资组合，这是经过精心策划的30种股票的选择，过去始终超过标准普尔500