在经济动荡中比特币的作用

Exness金融市场策略师Inky Cho的市场分析。如果您持有一定数量的比特币或是否打算尽快购买

The role of Bitcoin amid economic turmoil

在经济动荡中比特币的作用

Market analysis by Inky Cho, Financial Markets Strategist at Exness

Inky Cho的市场分析，Exness的金融市场策略师

If you hold a certain amount of Bitcoin or whether you’re planning to buy some soon, you must be wondering what impact the US tariffs have on the coveted crypto’s price.

如果您持有一定数量的比特币，还是打算尽快购买一些比特币，您一定想知道美国关税对令人垂涎的加密价格有什么影响。

Undoubtedly, the return of President Donald Trump to the White House arguably marks the most schismatic moment in US politics and geopolitics.

毫无疑问，唐纳德·特朗普总统返回白宫可以说是美国政治和地缘政治中最精致的时刻。

Trump’s reappointment was followed by a deluge of draconic measures, including eerie promises of mass deportations and a series of controversial decisions emanating from Elon Musk, the head of the Department of Government Efficiency (DOGE), has been keeping traders and investors on a string.

特朗普的重新任命之后是一系列巨大的措施，包括大规模驱逐出境的诺里承诺，以及政府效率部（DOGE）负责人埃隆·马斯克（Elon Musk）发出的一系列有争议的决定，一直在使商人和投资者保持一致。

The pledge to impose 25% tariffs on imports from Canada and Mexico, and 20% on imported goods from China in his first 100 days in office, made Trump one of the most controversial political figures of the 21st century.

承诺对加拿大和墨西哥的进口征收25％的关税，并在他任职的头100天内从中国进口商品征收20％，这使特朗普成为了21世纪最具争议的政治人物之一。

But “tariffs” is not the only “most beautiful word in the English dictionary,” according to the US President. The word “cryptocurrency” also carries particular significance, as he promised to enact a series of deregulation measures aimed at bolstering Bitcoin and altcoins’ value. To that end, he signed an executive order that serves as the foundation for a so-called “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” which will include Bitcoin alongside other cryptocurrencies.

但是，据美国总统称，“关税”并不是“英语词典中最美丽的词”。 “加密货币”一词也具有特殊的意义，因为他承诺将制定一系列旨在增强比特币和替代币价值的放松管制措施。为此，他签署了一项行政命令，该命令是所谓的“战略比特币储备”和“数字资产库存”的基础，其中将包括比特币以及其他加密货币。

The funds will be held with digital currencies forfeited to the federal government as part of legal proceedings. According to David Sacks, the White House AI and crypto “czar,” this reserve will be “a digital Fort Knox for the cryptocurrency,” which he likened to the Kentucky military base that stores a significant amount of US gold assets.

这些资金将以法律诉讼的一部分被没收给联邦政府的数字货币持有。戴维·萨克斯（David Sacks）表示，白宫AI和加密“沙皇”（Czar）将是“加密货币的数字诺克斯堡”，他将其比作肯塔基州军事基地，该基地存储了大量的美国黄金资产。

Amid a wave of polarizing reaction from crypto enthusiasts, some of whom criticized the government for not taking a bolder stance, while others questioned the transparency of the process.

在加密爱好者的两极分化反应中，其中一些人批评政府没有采取更大胆的立场，而另一些人则质疑这一过程的透明度。

Sacks has reportedly ordered a full account of the government’s crypto asset reserves, which he estimated at 200,000 Bitcoin alone. But is that enough to turn Bitcoin into a hedge? The answer to this question is more complex.

据报道，萨克斯已下令对政府的加密资产储备进行全面说明，他估计仅比特币仅为200,000比特币。但是，这足以将比特币变成树篱吗？这个问题的答案更为复杂。

A tariff-led Bitcoin bull run in disguise The President’s relationship with the crypto space is not entirely free of any conflict of interest. The launch of his name meme-coins $TRUMP and $MELANIA just before inauguration day spited the industry, which through the voice of Danny Scott, CEO of CoinCorner, retorted, "Trump's comments about not knowing much about the coin back up my opinion that he is making a mockery of the industry. It's a stunt."

由关税领​​导的比特币公牛伪装成总统与加密货币空间的关系并不完全没有任何利益冲突。在就职典礼日之前，他的名字Meme-Coins $ Trump和Melania的推出使该行业吐了结，Concorner的首席执行官Danny Scott的声音反驳说：“特朗普对硬币不了解我的意见不了解他的意见，他认为他正在制作一个行业的嘲笑。”

Against this hazy background, the US tariffs cast a somewhat more positive light on the potential of Bitcoin and other crypto assets. Assuming that Donald Trump completes his tariffs’ mandate, immigration policies, and tax cuts, inflation could rise rapidly.

在这种朦胧的背景下，美国关税对比特币和其他加密资产的潜力更加积极。假设唐纳德·特朗普（Donald Trump）完成了关税的授权，移民政策和减税，则通货膨胀可能会迅速上升。

However, this type of inflation will not be a positive sign at all. For example, the cost of German motor vehicles in the US would soar, rushing Americans to open their wallets before the tariffs are enforced. This upsurge in consumer spending could temporarily drive retail sales higher, creating an artificial sense of economic growth.

但是，这种类型的通胀根本不是一个积极的迹象。例如，在美国，德国机动车的费用将飙升，赶紧在征收关税之前打开钱包。消费者支出的增长可能会暂时推动零售销售，从而产生人为的经济增长感。

The early signs of this were seen in December 2024, when the consumer price index (CPI) rose at an annual rate of 2.9%, backed by a lower core inflation. Cryptocurrencies, which unlike safe-haven gold, have a growth component that makes them inherently more sensitive to economic shifts such as inflation spikes and tariffs. And Bitcoin is no exception.

早期的迹象是在2024年12月，当时消费者价格指数（CPI）的年薪为2.9％，并得到较低的核心通货膨胀的支持。与避行黄金不同的加密货币具有增长成分，使它们对通货膨胀率和关税等经济转变的固有更加敏感。比特币也不例外。

Driven up by 2% as the US CPI data sent mixed inflation signals across markets, Bitcoin surged $1,500 to $98,000 in 24 hours in December 2024.

随着美国CPI数据在整个市场上发出混杂的通货膨胀信号，比特币在2024年12月24小时内飙升了1,500美元至98,000美元。

Because of its nature, many investors and traders consider Bitcoin a commodity. From this perspective, it’s worth exploring the effect of the recently vehiculated US tariffs on Bitcoin and the broader crypto market.

由于其性质，许多投资者和商人认为比特币是商品。从这个角度来看，值得探索最近有力的美国关税对比特币和更广泛的加密市场的影响。

Near-term fears and the rush for cash Near-term, tariffs may hurt Bitcoin's and the crypto market's performance, precisely because of its inherent growth-driven characteristic. This is evident in its recent price action. As fear pervades the financial markets, Bitcoin hit a 4-month low amid massive crypto market sell-off.

近期的担忧以及近期现金的匆忙，关税可能会伤害比特币和加密货币市场的表现，这正是由于其固有的增长驱动的特征。这在最近的价格行动中很明显。随着恐惧遍及金融市场，比特币在巨大的加密货币市场抛售中达到了4个月的低点。

 

 

The crypto market reached a staggering $1 billion in liquidations in the space of 24 hours (between March 10 and March 11), making many traders run for their money. Bitcoin and Ethereum, the largest cryptocurrencies by market capitalization, have been the biggest losers of this downturn.

加密货币市场在24小时内（3月10日至3月11日之间）达到了惊人的10亿美元清算，这使许多交易者赚钱。比特币和以太坊是市场资本化最大的加密货币，一直是这种低迷的失败者。

The main reason behind this mind-blowing price drop is the large movement of cryptocurrency by key players. Mt. Gox

这种令人震惊的价格下跌背后的主要原因是主要参与者的加密货币大幅移动。戈克斯山