<p>比特币（BTC -0.38%）的价格在过去一个月内飙升了 24%，使其价值首次超过 100,000 美元，这是自 2 月份以来的首次。投资者再次恢复了对这一全球领先加密货币的乐观情绪，但现在是购买的好时机吗？</p>
<p>以下是比特币价格再次上涨的原因，以及在关税及其对经济潜在影响的尘埃落定之前，等待当前波动可能更好的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc5ODgvZ2V0dHlpbWFnZXMtMTQwOTUyOTExNi0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc5ODgvZ2V0dHlpbWFnZXMtMTQwOTUyOTExNi0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>投资者为何重新关注比特币</h2>
<p>在特朗普总统宣布一系列进口商品关税后，比特币的价格随之下跌，早在 4 月初时跌至约 76,000 美元。</p>
<p>但在过去几周，投资者重新评估了他们的抛售情绪，再次购买股票和加密货币。希望特朗普政府能在造成美国经济严重痛苦之前，与各国达成贸易协议。</p>
<p>例如，政府最近宣布了一些与英国的新贸易协议的细节，这也是比特币价值重新超过 100,000 美元的主要原因之一。细节包括对前 100,000 辆进口到美国的汽车征收 10% 的较低关税，而不是 25%，以及对钢铁和铝的关税豁免。</p>
<p>此外，中国和美国最近同意缓和贸易战。在贸易协议达成期间，对中国进口的关税将从 145% 降至 30%，为期 90 天。中国也将把关税从 125% 降至 10%。</p>
<p>比特币并不直接受到关税的影响，但许多投资者根据关税新闻买卖加密货币。目前，一些比特币投资者似乎相信与中国的贸易战将会解决，其他关税协议将在对经济造成伤害之前达成。</p>
<h2>比特币的乐观情绪可能为时已晚</h2>
<p>我认为对比特币未来的乐观情绪有一些合理的理由。最近，加密货币在机构中的采用显著增加，去年比特币 ETF 的推出就是一个例子。特朗普政府也对加密货币采取了较为宽松的监管态度，并在几个月前宣布了战略比特币储备。</p>
<p>所有这些都是对比特币作为投资的长期可行性的积极举措。但由于关税和经济的不确定性，短期内必然会有更多的波动。</p>
<p>首先，美国和中国之间的贸易协议尚未最终确定。来自中国的进口仍将面临 30% 的显著关税，谈判结束时可能会更高或更低，具体取决于贸易谈判的进展。</p>
<p>即使在接下来的三个月内达成协议，特朗普政府也表明不介意打乱先前建立的经济规范。这对比特币的价格不利，因为投资者往往对任何负面的经济新闻反应强烈，就像他们对最初的关税公告所做的那样。</p>
<h2>关税将对经济产生多大影响？</h2>
<p>更重要的是，即使与各国达成了重要的贸易协议，由于进口关税导致的消费者价格上涨仍可能影响经济。例如，在汽车方面获得一些关税豁免后，福特最近表示，由于关税，三款车型的价格将上涨多达 2,000 美元。</p>
<p>这里的主要问题是，关税将对经济产生多大影响仍然是一个巨大的问号。比特币投资者选择对一些积极消息持乐观态度，但在接下来的几个月里，我们将更多地了解经济的真实状况。</p>
<p>如果你有兴趣拥有比特币，最好等到与各国达成所有贸易协议后再行动。等待几个月可能会让你更好地了解特朗普政府是否因糟糕的政策而削弱了经济，或者贸易混乱是否已经得到缓解。</p>
<p>由于股市和比特币价格在近乎每日的关税新闻中大幅波动，现在购买比特币——在其接近历史高点时——看起来是一个不明智的举动。</p>

GBTC

<p>比特币的价格最近上涨了 24%，超过了 100,000 美元，因为投资者在关税消息中重新获得了乐观情绪。特朗普政府的贸易协议，包括降低进口关税，促进了这一上涨。然而，关于关税对经济的影响仍然存在不确定性，专家建议在投资比特币之前等待更清晰的经济信号。关税动态引发的波动性可能在未来带来更好的买入机会</p>

<p>The price of <strong>Bitcoin</strong>(BTC -0.38%) has surged 24% over the past month, pushing its value back over $100,000 for the first time since February. Investors are once again regaining their optimism in the world's leading cryptocurrency, but is it a good time to buy?</p>
<div class="lb-trans"><p>比特币（BTC -0.38%）的价格在过去一个月内飙升了 24%，使其价值首次超过 100,000 美元，这是自 2 月份以来的首次。投资者再次恢复了对这一全球领先加密货币的乐观情绪，但现在是购买的好时机吗？</p>
</div><p>Here's why Bitcoin's price is jumping higher again and why it might be better to wait out the current wave until the dust has settled on tariffs and their potential impact on the economy.</p>
<div class="lb-trans"><p>以下是比特币价格再次上涨的原因，以及在关税及其对经济潜在影响的尘埃落定之前，等待当前波动可能更好的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc5ODgvZ2V0dHlpbWFnZXMtMTQwOTUyOTExNi0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F817988%2Fgettyimages-1409529116-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Why investors are getting back on board with Bitcoin</h2>
<div class="lb-trans"><h2>投资者为何重新关注比特币</h2>
</div><p>Bitcoin fell in step with plummeting stock prices after President Trump announced a slew of tariffs on imported goods. That caused Bitcoin to drop to around $76,000 in early April.</p>
<div class="lb-trans"><p>在特朗普总统宣布一系列进口商品关税后，比特币的价格随之下跌，早在 4 月初时跌至约 76,000 美元。</p>
</div><p>But over the past few weeks, investors have reassessed their sell-off sentiment and have been buying up equities and cryptocurrencies again. The hope is that the Trump administration will work out trade deals with countries before they cause serious pain to the U.S. economy.</p>
<div class="lb-trans"><p>但在过去几周，投资者重新评估了他们的抛售情绪，再次购买股票和加密货币。希望特朗普政府能在造成美国经济严重痛苦之前，与各国达成贸易协议。</p>
</div><p>For example, the administration announced some details about a new trade deal with the U.K. recently, which was the main reason why Bitcoin's value jumped back over $100,000. Some of the details include a lower 10% tariff for the first 100,000 vehicles imported to the U.S. -- as opposed to 25% -- and a tariff exemption on steel and aluminum.</p>
<div class="lb-trans"><p>例如，政府最近宣布了一些与英国的新贸易协议的细节，这也是比特币价值重新超过 100,000 美元的主要原因之一。细节包括对前 100,000 辆进口到美国的汽车征收 10% 的较低关税，而不是 25%，以及对钢铁和铝的关税豁免。</p>
</div><p>Plus, China and the U.S. have recently agreed to ratchet down their trade war. The tariffs on Chinese imports will fall from 145% to 30% for 90 days while a trade deal gets hammered out. China, in turn, will lower its tariffs from 125% to 10%.</p>
<div class="lb-trans"><p>此外，中国和美国最近同意缓和贸易战。在贸易协议达成期间，对中国进口的关税将从 145% 降至 30%，为期 90 天。中国也将把关税从 125% 降至 10%。</p>
</div><p>Bitcoin isn't directly impacted by tariffs, but many investors have been buying and selling cryptocurrencies based on tariff news. Currently, it appears some Bitcoin investors believe the trade war with China will get settled and other tariff deals will be made before they hurt the economy.</p>
<div class="lb-trans"><p>比特币并不直接受到关税的影响，但许多投资者根据关税新闻买卖加密货币。目前，一些比特币投资者似乎相信与中国的贸易战将会解决，其他关税协议将在对经济造成伤害之前达成。</p>
</div><h2>Bitcoin's surge of optimism may be premature</h2>
<div class="lb-trans"><h2>比特币的乐观情绪可能为时已晚</h2>
</div><p>I think there are some legitimate reasons to be optimistic about Bitcoin's future. The cryptocurrency has gained significant institutional adoption recently with the launch of Bitcoin ETFs last year. The Trump administration has also taken a lighter regulatory approach to cryptocurrency and announced a strategic Bitcoin reserve just a few months ago.</p>
<div class="lb-trans"><p>我认为对比特币未来的乐观情绪有一些合理的理由。最近，加密货币在机构中的采用显著增加，去年比特币 ETF 的推出就是一个例子。特朗普政府也对加密货币采取了较为宽松的监管态度，并在几个月前宣布了战略比特币储备。</p>
</div><p>All of these things have been positive moves for the long-term viability of Bitcoin as an investment. But there's bound to be far more volatility in the short term because of the general uncertainty from tariffs and the economy.</p>
<div class="lb-trans"><p>所有这些都是对比特币作为投资的长期可行性的积极举措。但由于关税和经济的不确定性，短期内必然会有更多的波动。</p>
</div><p>For one, a trade deal between the U.S. and China has not been finalized. Imports from China will still incur a significant 30% tariff and could be higher or lower by the end of the negotiations, depending on how the trade talks play out.</p>
<div class="lb-trans"><p>首先，美国和中国之间的贸易协议尚未最终确定。来自中国的进口仍将面临 30% 的显著关税，谈判结束时可能会更高或更低，具体取决于贸易谈判的进展。</p>
</div><p>Even if a deal gets worked out over the next three months, the Trump administration has shown it doesn't mind throwing a wrench into previously established economic norms. That's bad for the price of Bitcoin because investors tend to respond strongly to any negative economic news -- just as they did with the initial tariff announcements.</p>
<div class="lb-trans"><p>即使在接下来的三个月内达成协议，特朗普政府也表明不介意打乱先前建立的经济规范。这对比特币的价格不利，因为投资者往往对任何负面的经济新闻反应强烈，就像他们对最初的关税公告所做的那样。</p>
</div><h2>How much will tariffs impact the economy?</h2>
<div class="lb-trans"><h2>关税将对经济产生多大影响？</h2>
</div><p>What's more, even if significant trade deals are made with countries, higher consumer prices because of import tariffs could still impact the economy. For example, after some tariff exemptions were made for autos, <strong>Ford</strong> recently said prices will increase on three of its models by as much as $2,000 because of tariffs.</p>
<div class="lb-trans"><p>更重要的是，即使与各国达成了重要的贸易协议，由于进口关税导致的消费者价格上涨仍可能影响经济。例如，在汽车方面获得一些关税豁免后，福特最近表示，由于关税，三款车型的价格将上涨多达 2,000 美元。</p>
</div><p>The main point here is that there's still a huge question mark when it comes to how much tariffs will impact the economy. Bitcoin investors have chosen to be optimistic on some of the positive news, but over the coming months, we'll learn more about how the economy is really doing.</p>
<div class="lb-trans"><p>这里的主要问题是，关税将对经济产生多大影响仍然是一个巨大的问号。比特币投资者选择对一些积极消息持乐观态度，但在接下来的几个月里，我们将更多地了解经济的真实状况。</p>
</div><p>If you're interested in owning Bitcoin, it's better to wait until all the trade deals are made with countries. Waiting a few months will likely give you a much better view of whether the Trump administration is kneecapping the economy with bad policy, or if the trade fiasco has been smoothed out.</p>
<div class="lb-trans"><p>如果你有兴趣拥有比特币，最好等到与各国达成所有贸易协议后再行动。等待几个月可能会让你更好地了解特朗普政府是否因糟糕的政策而削弱了经济，或者贸易混乱是否已经得到缓解。</p>
</div><p>With the stock market and Bitcoin's price moving significantly based on near-daily tariff news, buying now -- with Bitcoin flirting with its all-time high -- looks like a bad move.</p>
<div class="lb-trans"><p>由于股市和比特币价格在近乎每日的关税新闻中大幅波动，现在购买比特币——在其接近历史高点时——看起来是一个不明智的举动。</p>
</div>

当比特币价格低于 110,000 美元时，是否值得购买？