关税战争促进了我们的通货膨胀

在过去的一个月中，比特币价格一直在过山车。由于美国总统唐纳德·特朗普（Donald Trump）发起的关税战争，比特币的价格暴跌，然后在特朗普总统宣布打算储存比特币后迅速飙升。

President Donald Trump's tariff war is fueling inflation within the US, thereby giving the Federal Reserve (Fed) an incentive to delay cutting interest rates. This, in turn, is decreasing preference for risk assets like Bitcoin and increasing preference for safe assets such as gold and the dollar.

唐纳德·特朗普总统的关税战争正在加剧美国境内的通货膨胀，从而使美联储（美联储）动机延迟降低利率。反过来，这正在减少对比特币等风险资产的偏好，并增加对黄金和美元等安全资产的偏好。

As reported by Hankyung Economy TV, over the past month, Bitcoin prices have been showcasing a rollercoaster ride. The price of Bitcoin plummeted due to the tariff war initiated by President Trump, while a rapid surge was observed after President Trump declared his intention to stockpile Bitcoin.

据Hankyung经济电视台报道，在过去的一个月中，比特币价格一直在展示过山车。由于特朗普总统发起的关税战争，比特币的价格暴跌了，而特朗普总统宣布打算储存比特币后，迅速涌现。

At one point, Bitcoin crashed to the 110 million KRW range, but within just two days, it recovered to the 140 million KRW range.

有一次，比特币撞到了1.1亿krw范围，但在短短两天内，它恢复到了1.4亿krw范围。

According to the domestic cryptocurrency exchange Upbit on the 4th, Bitcoin fell by 20.9% last month alone. It soared to 160,304,000 KRW on the 3rd of last month, but expanded its decline to 118,266,000 KRW on the 26th of last month.

根据国内加密货币交易所在第四次的报道，仅上个月，比特币就下降了20.9％。上个月第3次飙升至160,304,000 krw，但在上个月26日将其下降到118,266,000 krw。

In the global market, Bitcoin was traded at $78,411.03 at one point. This was the first time Bitcoin traded in the $70,000 range since November last year, about three months ago.

在全球市场上，比特币的交易价格为78,411.03美元。这是自去年11月（大约三个月前）以来比特币首次在70,000美元范围内交易。

After the US presidential election last November, Bitcoin rose steadily as President Trump, who introduced himself as a pro-cryptocurrency advocate, was elected. However, investor sentiment weakened as President Trump did not introduce any noteworthy cryptocurrency-related policies after his inauguration.

去年11月美国总统大选后，比特币稳步上升，特朗普总统被当选为亲密货币倡导者。但是，由于特朗普总统在就职典礼后没有引入任何与加密货币相关的政策，投资者的情绪削弱了。

Furthermore, Bitcoin has been negatively affected as President Trump started tariff wars with not only China but also Canada and Mexico.

此外，随着特朗普总统不仅与中国而且加拿大和墨西哥发起关税战争，比特币受到了负面影响。

On the 28th of last month, President Trump announced that he would impose the planned 25% tariff on Canada and Mexico from the 4th of next month if the issue of synthetic drugs such as fentanyl flowing into the US is not resolved. He also announced plans to impose an additional 10% tariff on China, which already faces a 10% tariff. He also expressed his intention to impose a 25% tariff on the European Union (EU).

上个月28日，特朗普总统宣布，如果未能解决芬太尼等合成药物（例如流入美国）的问题，他将从下个月对加拿大和墨西哥征收25％的关税。他还宣布计划向中国额外征收10％的关税，该关税已经面临10％的关税。他还表示打算对欧盟（EU）征收25％的关税。

If the US raises tariffs on trading partners, there are concerns that it could fuel inflation within the US. This gives the Fed an incentive to delay cutting interest rates.

如果美国对贸易伙伴提出关税，则有人担心它可能会加油美国境内的通货膨胀。这使美联储有动力延迟降低利率。

When interest rate cuts are delayed, preference for risk assets like Bitcoin decreases, while preference for safe assets such as gold and the dollar increases.

当降低利率降低时，对比特币等风险资产的偏爱会减少，而对黄金和美元等安全资产的偏爱也会增加。

However, in just two days since the beginning of this month, Bitcoin has recovered to the 140 million KRW range. This occurred after President Trump hinted again at his intention to stockpile Bitcoin on the 2nd (local time) on SNS, saying, “The stockpiling of virtual assets by the United States will boost this industry, which has fallen into crisis after years of corrupt attacks by the Biden administration.”

但是，自本月初以来仅两天，比特币已恢复到1.4亿krw范围。这发生在特朗普总统再次暗示他打算在第二个（当地时间）将比特币库存在SNS上的意图之后，他说：“美国对虚拟资产的库存将促进该行业，该行业在拜登政府多年的腐败袭击中陷入了危机。”

President Trump also stated, “I make it clear that we will make America the capital of virtual assets worldwide,” and added, “We are making America great again.”

特朗普总统还说：“我清楚地表明，我们将使美国成为全球虚拟资产的首都，并补充说：“我们正在使美国再次变得伟大。”

Upon this news, Bitcoin in South Korea rapidly rose from the 120 million KRW range to the 140 million KRW range. In the global market, Bitcoin also recovered to $90,000.

在这一消息中，韩国的比特币从1.2亿krw范围迅速上升到1.4亿krw范围。在全球市场上，比特币也恢复到90,000美元。

Previously, President Trump had signed an executive order for the development of the cryptocurrency industry right after his inauguration. The executive order included establishing a presidential working group on digital asset markets and reviewing national-level digital asset stockpiling.

此前，特朗普总统签署了一项行政命令，以在就职典礼后立即开发加密货币行业。行政命令包括建立一个关于数字资产市场的总统工作组并审查国家级数字资产库存。

Some claim, “Will reach $200,000 this year”

一些人声称“今年将达到200,000美元”

While skepticism about Bitcoin remains, Governor Martin Schlegel of the Swiss National Bank (SNB) expressed his views on Bitcoin in an interview with Swiss media.

尽管对比特币的怀疑仍然存在，但瑞士国家银行（SNB）的州长马丁·施莱格尔（Martin Schlegel）在接受瑞士媒体采访时对比特币表示了看法。

Governor Schlegel stated that Bitcoin has various problems as an asset and is not suitable as a central bank reserve.

州长施莱格尔（Schlegel）表示，比特币作为资产有各种问题，不适合作为中央银行储备。

He explained, “Bitcoin shows extreme price volatility, making it difficult to maintain long-term investment value. Also, central bank reserves should be quickly utilized for monetary policy purposes when needed, but Bitcoin has limitations in terms of liquidity.”

他解释说：“比特币显示出极端的价格波动，因此很难保持长期投资价值。同样，应在需要时快速将中央银行的储备用于货币政策目的，但比特币在流动性方面有局限性。”

Furthermore, he pointed out that Bitcoin being a software-based asset exposes it to security vulnerabilities.

此外，他指出，比特币是基于软件的资产，将其暴露于安全漏洞中。

However, some are expressing optimism that Bitcoin will rise in the medium to long term.

但是，有些人表示乐观，比特币将在中长期内上升。

Jeffrey Kendrick, Head of Digital Asset Research at Standard Chartered (SC), predicted, “As the virtual asset industry becomes more institutionalized, the market will become safer, and as the adoption of virtual assets by institutions increases and regulatory clarity in the US combines, volatility will decrease over time.”

标准宪章（SC）的数字资产研究负责人杰弗里·肯德里克（Jeffrey Kendrick）预测：“随着虚拟资产行业变得更加制度化，市场将变得更加安全，并且随着美国联合会中机构的虚拟资产的提高和监管清晰度的提高，波动性会随着时间的推移而下降。”

He claimed, “Bitcoin will rise to $200,000 this year and to $500,000 before President Trump leaves office.”

他声称：“今年比特币将上涨至200,000美元，在特朗普总统离开办公室之前，比特币将增加到500,000美元。”

Robert Kiyosaki, author of the bestseller ‘Rich Dad Poor Dad’ and a Bitcoin enthusiast, posted on SNS on the 28th of last month, “Bitcoin's crash

罗伯特·基亚萨基（Robert Kiyosaki）是畅销书《富有爸爸爸爸》和比特币爱好者的作者，上个月在SNS上发表了“比特币的崩溃