总统唐纳德·特朗普（Donald Trump）的政府领导下的关税的复兴已经使涟漪通过金融市场

本文探讨了特朗普的经济政策，市场动态和加密货币监管的交集。

The recent resurgence of tariffs under President Donald Trump’s administration has sent ripples through financial markets, including the volatile world of cryptocurrency.

唐纳德·特朗普（Donald Trump）政府总统领导下的关税最近重新出现，使金融市场（包括加密货币的动荡世界）散发了涟漪。

As Bitcoin holders and potential investors speculate on its future, the intersection of Trump’s economic policies, market dynamics, and cryptocurrency regulation presents a complex scenario.

随着比特币持有人和潜在的投资者推测其未来，特朗普的经济政策，市场动态和加密货币法规的交集表现出复杂的情况。

Trump’s Tariffs and the Crypto Market

特朗普的关税和加密市场

Following Trump’s return to the White House, a series of policy shifts have taken center stage, including mass deportation plans and economic decisions impacting global trade.

特朗普返回白宫后，一系列的政策转变已成为中心阶段，包括大规模驱逐计划和影响全球贸易的经济决定。

One of the most contentious moves has been the imposition of tariffs: 25% on imports from Canada and Mexico and 20% on Chinese goods.

最有争议的举动之一是征收关税：从加拿大和墨西哥进口的25％，中国商品的进口量为20％。

While these trade barriers are intended to strengthen the domestic economy, they also risk fueling inflation and disrupting international trade.

尽管这些贸易障碍旨在加强国内经济，但它们也有加油和破坏国际贸易的风险。

Amidst these changes, cryptocurrency has emerged as a focal point.

在这些变化中，加密货币已成为焦点。

Trump has pledged deregulation efforts to bolster the value of Bitcoin and other digital assets, signing an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile.

特朗普已承诺放松管制努力，以增强比特币和其他数字资产的价值，签署了建立战略性比特币储备和数字资产库存的行政命令。

This move aims to accumulate Bitcoin through government-forfeited crypto assets, likened by David Sacks, the White House AI and crypto advisor, to a “digital Fort Knox.”

此举旨在通过白宫AI和Crypto顾问大卫·萨克斯（David Sacks）比作政府征服的加密资产来累积比特币，并成为“数字堡垒诺克斯”。

Bitcoin’s Initial Market Response

比特币的初始市场反应

The crypto market has reacted unpredictably to these developments. In December 2024, when the US Consumer Price Index (CPI) registered a 2.9% annual increase, Bitcoin surged by 2%, rising by $1,500 to reach $98,000.

加密市场对这些发展做出了不可预测的反应。 2024年12月，当美国消费者价格指数（CPI）每年增长2.9％时，比特币飙升了2％，增长了1,500美元，达到98,000美元。

This growth reflected its sensitivity to inflationary trends.

这种增长反映了其对通货膨胀趋势的敏感性。

However, recent months have seen a different trend. Fears of economic instability, coupled with large-scale movements of cryptocurrency assets, have triggered massive sell-offs.

但是，最近几个月的趋势不同。对经济不稳定的担忧，再加上加密货币资产的大规模运动，引发了大量抛售。

Between March 10 and March 11, the crypto market saw $1 billion in liquidations, sending Bitcoin to a four-month low. Factors contributing to this downturn include:

在3月10日至3月11日之间，加密货币市场有10亿美元的清算，将比特币送到了四个月的低点。导致这种低迷的因素包括：

Mt. Gox Debt Settlements

GOX山债务和解

The once-dominant crypto exchange moved tens of thousands of Bitcoin, spurring liquidation fears.

曾经有用的加密交易所移动了数以万计的比特币，激发了清算的担忧。

Ethereum Whale Sell-Offs: Major ETH holders made large transactions, further shaking market confidence.

以太坊鲸鱼的抛售：主要的ETH持有人进行了大型交易，进一步震撼了市场信心。

Recession Warnings from Trump: His statements on an impending economic downturn sent shockwaves through both stock and crypto markets.

特朗普的经济衰退警告：他对即将发生的经济衰退的陈述在股票和加密货币市场中都引起了冲击。

Bitcoin as a Hedge Against Tariffs?

比特币是对关税的对冲？

Despite its volatility, Bitcoin has demonstrated its ability to act as a hedge against economic turmoil.

尽管它的波动性波动，但比特币表现出了对冲经济动荡的能力。

Its correlation with the NASDAQ has fallen from 72% to 40%, suggesting that it is gradually decoupling from traditional financial markets.

它与纳斯达克的相关性已从72％下降到40％，这表明它逐渐与传统金融市场脱在一起。

Historically, Bitcoin has functioned as “digital gold”—a refuge during economic crises. In March 2023, during the peak of the US banking crisis, Bitcoin’s price rose while other assets plummeted.

从历史上看，比特币一直是“数字黄金”，这是经济危机期间的避难所。 2023年3月，在美国银行业危机高峰期，比特币的价格上涨，而其他资产暴跌。

Analysts suggest that while altcoins like Ethereum remain closely tied to the tech sector, Bitcoin may increasingly serve as a hedge against geopolitical and economic instability.

分析人士认为，尽管像以太坊这样的山寨币仍与科技行业紧密相关，但比特币可能越来越多地成为抵抗地缘政治和经济不稳定的对冲。

Looking Ahead: Bitcoin’s Role in a Tariff-Driven Economy

展望未来：比特币在关税驱动的经济中的作用

The impact of US tariffs on Bitcoin’s trajectory remains uncertain. In the short term, higher inflation and market volatility may lead to price swings. However, in the long run, Bitcoin’s appeal as a decentralized asset could strengthen if tariffs fuel economic instability.

美国关税对比特币轨迹的影响仍然不确定。在短期内，更高的通货膨胀和市场波动可能会导致价格波动。但是，从长远来看，如果比特币作为分散资产的吸引力，如果关税助长了经济不稳定，则可以加强。