<p>比特幣（BTC -0.38%）的價格在過去一個月內飆升了 24%，使其價值首次超過 100,000 美元，這是自 2 月份以來的首次。投資者再次恢復了對這一全球領先加密貨幣的樂觀情緒，但現在是購買的好時機嗎？</p>
<p>以下是比特幣價格再次上漲的原因，以及在關税及其對經濟潛在影響的塵埃落定之前，等待當前波動可能更好的原因。</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>圖片來源：Getty Images。</p>
<h2>投資者為何重新關注比特幣</h2>
<p>在特朗普總統宣佈一系列進口商品關税後，比特幣的價格隨之下跌，早在 4 月初時跌至約 76,000 美元。</p>
<p>但在過去幾周，投資者重新評估了他們的拋售情緒，再次購買股票和加密貨幣。希望特朗普政府能在造成美國經濟嚴重痛苦之前，與各國達成貿易協議。</p>
<p>例如，政府最近宣佈了一些與英國的新貿易協議的細節，這也是比特幣價值重新超過 100,000 美元的主要原因之一。細節包括對前 100,000 輛進口到美國的汽車徵收 10% 的較低關税，而不是 25%，以及對鋼鐵和鋁的關税豁免。</p>
<p>此外，中國和美國最近同意緩和貿易戰。在貿易協議達成期間，對中國進口的關税將從 145% 降至 30%，為期 90 天。中國也將把關税從 125% 降至 10%。</p>
<p>比特幣並不直接受到關税的影響，但許多投資者根據關税新聞買賣加密貨幣。目前，一些比特幣投資者似乎相信與中國的貿易戰將會解決，其他關税協議將在對經濟造成傷害之前達成。</p>
<h2>比特幣的樂觀情緒可能為時已晚</h2>
<p>我認為對比特幣未來的樂觀情緒有一些合理的理由。最近，加密貨幣在機構中的採用顯著增加，去年比特幣 ETF 的推出就是一個例子。特朗普政府也對加密貨幣採取了較為寬鬆的監管態度，並在幾個月前宣佈了戰略比特幣儲備。</p>
<p>所有這些都是對比特幣作為投資的長期可行性的積極舉措。但由於關税和經濟的不確定性，短期內必然會有更多的波動。</p>
<p>首先，美國和中國之間的貿易協議尚未最終確定。來自中國的進口仍將面臨 30% 的顯著關税，談判結束時可能會更高或更低，具體取決於貿易談判的進展。</p>
<p>即使在接下來的三個月內達成協議，特朗普政府也表明不介意打亂先前建立的經濟規範。這對比特幣的價格不利，因為投資者往往對任何負面的經濟新聞反應強烈，就像他們對最初的關税公告所做的那樣。</p>
<h2>關税將對經濟產生多大影響？</h2>
<p>更重要的是，即使與各國達成了重要的貿易協議，由於進口關税導致的消費者價格上漲仍可能影響經濟。例如，在汽車方面獲得一些關税豁免後，福特最近表示，由於關税，三款車型的價格將上漲多達 2,000 美元。</p>
<p>這裏的主要問題是，關税將對經濟產生多大影響仍然是一個巨大的問號。比特幣投資者選擇對一些積極消息持樂觀態度，但在接下來的幾個月裏，我們將更多地瞭解經濟的真實狀況。</p>
<p>如果你有興趣擁有比特幣，最好等到與各國達成所有貿易協議後再行動。等待幾個月可能會讓你更好地瞭解特朗普政府是否因糟糕的政策而削弱了經濟，或者貿易混亂是否已經得到緩解。</p>
<p>由於股市和比特幣價格在近乎每日的關税新聞中大幅波動，現在購買比特幣——在其接近歷史高點時——看起來是一個不明智的舉動。</p>

GBTC

<p>比特幣的價格最近上漲了 24%，超過了 100,000 美元，因為投資者在關税消息中重新獲得了樂觀情緒。特朗普政府的貿易協議，包括降低進口關税，促進了這一上漲。然而，關於關税對經濟的影響仍然存在不確定性，專家建議在投資比特幣之前等待更清晰的經濟信號。關税動態引發的波動性可能在未來帶來更好的買入機會</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>比特幣（BTC -0.38%）的價格在過去一個月內飆升了 24%，使其價值首次超過 100,000 美元，這是自 2 月份以來的首次。投資者再次恢復了對這一全球領先加密貨幣的樂觀情緒，但現在是購買的好時機嗎？</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>以下是比特幣價格再次上漲的原因，以及在關税及其對經濟潛在影響的塵埃落定之前，等待當前波動可能更好的原因。</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>圖片來源：Getty Images。</p>
</div><h2>Why investors are getting back on board with Bitcoin</h2>
<div class="lb-trans"><h2>投資者為何重新關注比特幣</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>在特朗普總統宣佈一系列進口商品關税後，比特幣的價格隨之下跌，早在 4 月初時跌至約 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>但在過去幾周，投資者重新評估了他們的拋售情緒，再次購買股票和加密貨幣。希望特朗普政府能在造成美國經濟嚴重痛苦之前，與各國達成貿易協議。</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，政府最近宣佈了一些與英國的新貿易協議的細節，這也是比特幣價值重新超過 100,000 美元的主要原因之一。細節包括對前 100,000 輛進口到美國的汽車徵收 10% 的較低關税，而不是 25%，以及對鋼鐵和鋁的關税豁免。</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，中國和美國最近同意緩和貿易戰。在貿易協議達成期間，對中國進口的關税將從 145% 降至 30%，為期 90 天。中國也將把關税從 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>比特幣並不直接受到關税的影響，但許多投資者根據關税新聞買賣加密貨幣。目前，一些比特幣投資者似乎相信與中國的貿易戰將會解決，其他關税協議將在對經濟造成傷害之前達成。</p>
</div><h2>Bitcoin's surge of optimism may be premature</h2>
<div class="lb-trans"><h2>比特幣的樂觀情緒可能為時已晚</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>我認為對比特幣未來的樂觀情緒有一些合理的理由。最近，加密貨幣在機構中的採用顯著增加，去年比特幣 ETF 的推出就是一個例子。特朗普政府也對加密貨幣採取了較為寬鬆的監管態度，並在幾個月前宣佈了戰略比特幣儲備。</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>所有這些都是對比特幣作為投資的長期可行性的積極舉措。但由於關税和經濟的不確定性，短期內必然會有更多的波動。</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，美國和中國之間的貿易協議尚未最終確定。來自中國的進口仍將面臨 30% 的顯著關税，談判結束時可能會更高或更低，具體取決於貿易談判的進展。</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>即使在接下來的三個月內達成協議，特朗普政府也表明不介意打亂先前建立的經濟規範。這對比特幣的價格不利，因為投資者往往對任何負面的經濟新聞反應強烈，就像他們對最初的關税公告所做的那樣。</p>
</div><h2>How much will tariffs impact the economy?</h2>
<div class="lb-trans"><h2>關税將對經濟產生多大影響？</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，即使與各國達成了重要的貿易協議，由於進口關税導致的消費者價格上漲仍可能影響經濟。例如，在汽車方面獲得一些關税豁免後，福特最近表示，由於關税，三款車型的價格將上漲多達 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>這裏的主要問題是，關税將對經濟產生多大影響仍然是一個巨大的問號。比特幣投資者選擇對一些積極消息持樂觀態度，但在接下來的幾個月裏，我們將更多地瞭解經濟的真實狀況。</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>如果你有興趣擁有比特幣，最好等到與各國達成所有貿易協議後再行動。等待幾個月可能會讓你更好地瞭解特朗普政府是否因糟糕的政策而削弱了經濟，或者貿易混亂是否已經得到緩解。</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>由於股市和比特幣價格在近乎每日的關税新聞中大幅波動，現在購買比特幣——在其接近歷史高點時——看起來是一個不明智的舉動。</p>
</div>

當比特幣價格低於 110,000 美元時，是否值得購買？