比特幣（BTC）本週著火，過去七天增長了12％

比特幣（BTC 1.57％）本週著火，截至美國東部時間上週五下午2點，過去7天增長了12％。

Rising trade tensions have put investors in a skittish mood all year. But as the U.S. trade outlook improved this week, it helped put investors in the mood for riskier assets, like growth stocks and cryptocurrencies.

貿易緊張局勢的上升使投資者全年都處於刺耳的氛圍中。但是，隨著美國貿易展望本週的改善，它有助於使投資者享受風險較高的資產，例如增長股票和加密貨幣。

That move helped propel Bitcoin (BTC 1.57%) higher this week, rising 12% over the past seven days by Friday afternoon. As the world’s largest cryptocurrency rose, so too did some of its biggest miners.

這一舉動使本週提高了比特幣（BTC 1.57％）的推進，在過去的七天到週五下午，比特幣上漲了12％。隨著世界上最大的加密貨幣的上升，其一些最大的礦工也是如此。

TeraWulf (WULF -1.48%) shares rose 36% this week, Riot Platforms (RIOT -0.06%) jumped 26.1%, and MARA Holdings (MARA 2.21%) is up 17% for the week.

Terawulf（Wulf -1.48％）本週股價上漲了36％，Riot Platforms（Riot -0.06％）上漲了26.1％，Mara Holdings（Mara 2.21％）在一周中增長了17％。

Bitcoin's big moveCryptocurrencies rose sharply this week as trade tensions eased around the world. The tensions didn't technically have anything to do with cryptocurrencies, but they certainly impact the value of tokens.

隨著世界各地的貿易緊張局勢緩解，比特幣的大型貨幣貨幣本週急劇上升。從技術上講，緊張局勢與加密貨幣無關，但它們肯定會影響令牌的價值。

Bitcoin, in particular, has proven to be highly correlated with growth stocks and magnifies the market’s move in general. So, when investors bought growth stocks earlier this week, it’s no surprise that Bitcoin was up sharply as well.

尤其是比特幣已被證明與增長庫存高度相關，並擴大了市場的總體遷移。因此，當投資者本週早些時候購買了增長股票時，比特幣也急劇上升也就不足為奇了。

What’s interesting about the move recently is that Bitcoin hasn't been a hedge to the market or a safe haven to investors. Gold rose as the market fell, which is what many investors would expect Bitcoin to do, but it didn't, falling with the rest of the market.

最近，這一舉動有趣的是，比特幣並不是市場的對沖，也不是投資者的避風港。當市場下降時，黃金上升了，這是許多投資者期望比特幣會做的事情，但並非如此，與其他市場有關。

Why Bitcoin miners were up so much

為什麼比特幣礦工會這麼多

So, why were Bitcoin miners up more than Bitcoin itself? They tend to be a leveraged bet on the price of Bitcoin for two reasons.

那麼，為什麼比特幣礦工比比特幣本身要多？由於兩個原因，它們往往是對比特幣價格的槓桿賭注。

First, Bitcoin is their source of revenue, and when Bitcoin rises, they all make more money. The second impact is the Bitcoin they already hold on the balance sheet. MARA Holdings had 46,000 Bitcoins at its last disclosure, Riot Platforms has 19,223 Bitcoins, and TeraWulf has $274.5 million in cash and Bitcoin.

首先，比特幣是他們的收入來源，當比特幣上升時，它們都賺了更多的錢。第二個影響是他們已經在資產負債表上持有的比特幣。 Mara Holdings在上次披露中有46,000個比特幣，Riot Platforms擁有19,223個比特幣，Terawulf擁有2.745億美元的現金和比特幣。

Higher Bitcoin values quite literally improve their balance sheets.

較高的比特幣值實際上可以改善其資產負債表。

The other big news item for miners this week was Riot Platforms announcing a $100 million credit facility with Coinbase (COIN 2.74%) backed by Bitcoin. Coinbase has begun making loans to consumers with Bitcoin as backing, but this is the biggest deal it's done with a corporation.

本週礦工的另一個大新聞是Riot Platforms，宣布由比特幣支持的Coinbase（硬幣2.74％）的1億美元信用額度。 Coinbase已開始向具有比特幣作為支持的消費者向消費者貸款，但這是公司完成的最大交易。

If Riot and others can use Bitcoin as collateral for loans that will fund growth, it could be another catalyst for their businesses. Bitcoin mining hasn't been the easiest business to finance historically so this is welcome news for the industry. Given the high value of Bitcoin on their balance sheets, this could be a great funding source long term.

如果Riot和其他人可以將比特幣用作資助增長的貸款的抵押品，那麼這可能是其業務的另一個催化劑。比特幣採礦並不是歷史上最簡單的業務，因此這是該行業的歡迎新聞。鑑於比特幣在資產負債表上的價值很高，這可能是長期資金來源。

Bitcoin is the key

比特幣是關鍵

Ultimately, the price of Bitcoin is going to determine the fortune of these companies. It's their source of revenue and a huge part of their balance sheets.

最終，比特幣的價格將決定這些公司的財富。這是他們的收入來源，也是他們資產負債表的很大一部分。

Investors also need to keep in mind the leveraged nature of the mining business. Values have gone up sharply as Bitcoin has risen, but if we go through another crypto winter we can see both balance sheets and operations deteriorate quickly. If that kind of risk isn't what you're looking for, Bitcoin is a great alternative.

投資者還需要牢記採礦業務的槓桿性質。隨著比特幣的增長，價值觀急劇上升，但是如果我們經歷另一個加密貨幣冬季，我們可以看到資產負債表和操作迅速惡化。如果這種風險不是您要尋找的風險，那麼比特幣是一個不錯的選擇。