比特幣[BTC]飆升至創紀錄的$ 111.8K

而傳統市場（美國債券和股票領域）則在財政挑戰中掙扎。

Bitcoin price surged to a record high above $111,800 on Monday, outperforming traditional markets that were struggling with U.S. fiscal challenges.

週一，比特幣價格飆升至111,800美元以上的創紀錄高度，超過了在美國財政挑戰中掙扎的傳統市場。

Bitcoin Surges Past $111.8K As U.S. Fiscal Woes Weigh On Bond, Stock Markets

比特幣飆升超過$ 111.8K，因為美國財政困難在債券，股市上

The 20-year Treasury bond saw strong selling pressure at the open on Monday, sending bond prices lower and yields higher to 5.1%.

20年的財政債券在周一開放，債券價格降低，收益率更高至5.1％。

The bond market rout flowed into the stock market, tanking the Nasdaq by 1.4% and sending the S&P 500 Index down 1.6%. The U.S dollar Index (DXY) dropped to a 2-week low of 99.5.

債券市場潰敗流入了股市，將納斯達克儲備金下降了1.4％，並將標準普爾500指數下跌1.6％。美元指數（DXY）降至99.5的2週低點。

On the other hand, BTC price rose to a new high, a move that crypto VC MultiCoin Capital's Tushar Jain viewed as becoming a “risk-off’ asset.

另一方面，BTC的價格上升到了新的高位，這一舉動是加密VC Multicoin Capital的Tushar Jain被視為成為“冒險”資產。

"We are watching BTC transform from a risk-on asset to a risk-off asset. Today, we saw further proof that the government cannot cut the budget deficit. The market reacted by selling US treasuries, selling USD, selling equities, and buying BTC," he said.

他說：“我們正在觀察BTC從風險企業的資產轉變為冒險資產。今天，我們看到了政府無法減少預算赤字的進一步證明。市場通過出售美國國債，出售美元，出售股票和購買BTC而做出反應。”

Will U.S debt fuel BTC?

美國債務會燃料BTC嗎？

The rising yield meant that the U.S government would pay higher interest rates to borrow money for two decades. An update that analysts linked to worrying fiscal spending and debt.

收益率上升意味著美國政府將支付更高的利率來借入二十年。分析師與擔心財政支出和債務有關的更新。

At the time of writing, the U.S debt stood at $36.22 trillion. However, President Donald Trump’s “big beautiful” tax bill would lead to an extra $3 trillion - $5 trillion in spending.

在撰寫本文時，美國債務為36.22萬億美元。但是，總統唐納德·特朗普（Donald Trump）的“大美麗”稅收法案將導致額外的3萬億美元 - 5萬億美元的支出。

This has raised concerns about inflation and debt sustainability, as seen by the weak demand for 20-year Treasury bonds. In fact, Moody’s downgraded the country’s credit rating last week, reinforcing BTC’s position as an alternative safe-haven alongside gold.

這引起了人們對通貨膨脹和債務可持續性的擔憂，這是對20年期債券的需求疲軟所見。實際上，穆迪上週降低了該國的信用評級，這加強了BTC作為與黃金一起替代的避風港的地位。

Bitcoin also decoupled from gold in Q1 2025, and followed U.S stocks, meaning it was a “risk-on” asset. But in Q2, it became correlated with gold again, and both rallied higher despite Trump’s tariff wars.

比特幣在2025年第1季度也與黃金脫鉤，並遵循了美國股票，這意味著這是“風險”資產。但是在第二季度，它再次與黃金相關，儘管特朗普的關稅戰爭，但兩者都集結得更高。

Now, with U.S fiscal woes worsening, Peter Schiff has urged his audience to grab more gold. Hence, the question - Which safe haven has better chances of outperformance in the short to mid-term?

現在，隨著美國財政困難的惡化，彼得·希夫（Peter Schiff）敦促他的觀眾抓住更多的黃金。因此，問題 - 在短期到中期，哪個避風港有更好的表現機會？

According to the BTC/gold ratio, an indicator that tracks Bitcoin’s price relative to gold, the crypto asset has higher odds of outpacing gold.

根據BTC/黃金比率，該指標跟踪比特幣價格相對於黃金的價格，加密資產的數量更高。

Since April, BTC has eclipsed gold by 33% after the indicator bounced from the channel’s range-low. If it extends to the range-high at 43, then BTC would record extra 26% gains against gold.

自4月以來，BTC從頻道的範圍低下反彈後，將黃金黯然失色33％。如果它延伸到43時的射程最高，那麼BTC將記錄針對黃金的26％的收益。