在關稅的情況下，比特幣的韌性：BTC是否可以免疫貿易緊張局勢？

自從4月2日的所謂“解放日”（新的關稅措施推出時）以來，Bitcoin（$ btc）相對於傳統股票表現出了顯著的實力。

Since the so-called "Liberation Day" on April 2—when new tariff measures were rolled out—Bitcoin ($BTC) has shown remarkable strength relative to traditional equities.

自從4月2日的所謂“解放日”（新的關稅措施推出時）以來，Bitcoin（$ btc）相對於傳統股票表現出了顯著的實力。

According to market analyst Daan Crypto Trades, this trend isn’t just a blip—it could be a signal of a deeper narrative playing out in global finance.

根據市場分析師Daan Crypto交易的說法，這種趨勢不僅是一種局面，而且可能是全球金融中更深入的敘述的信號。

While April saw significant drawdowns in stock markets, Bitcoin held its ground and even outperformed during the rebound that followed the implementation of tariffs. This unexpected strength led many to question whether Bitcoin was being quietly positioned as a tool for countries to bypass traditional trade barriers.

儘管April在股票市場上大幅下降，但比特幣保持了其基礎，在實施關稅之後的反彈期間甚至表現出色。這種意外的力量使許多人質疑比特幣是否被悄悄地定位為繞過傳統貿易壁壘的工具。

Fast forward to May 11, as the U.S. officially announces a trade deal with China in Geneva, the question resurfaces: Was Bitcoin’s rally driven by fears of prolonged trade tension? And more importantly—now that a resolution appears to be on the table, will this momentum fade?

快進到5月11日，隨著美國正式宣布與中國在日內瓦的貿易協定，問題浮出水面：比特幣的集會是由於擔心長期貿易張力的擔心嗎？更重要的是 - 現在，決議似乎在桌子上，這種勢頭會消失嗎？

Daan suggests that if Bitcoin’s strength was merely a hedge against trade uncertainty, then logically, BTC should lose its edge following the announcement of the deal. However, if Bitcoin continues its upward trajectory, it could imply that the crypto asset is decoupling from tariff-related concerns altogether.

Daan認為，如果比特幣的實力僅僅是對貿易不確定性的對沖，那麼從邏輯上講，在宣布交易之後，BTC應該失去其優勢。但是，如果比特幣繼續向上的軌跡，這可能意味著加密資產完全與與關稅有關的問題脫鉤。

"If BTC keeps doing its thing and just keeps outperforming, it’s safe to assume that tariffs likely have little direct impact on how BTC is treated or used," he concludes.

他總結說：“如果BTC繼續做自己的事情並不斷表現優於表現，那麼可以肯定地說，關稅可能對BTC的處理方式或使用方式幾乎沒有直接影響。”

This observation underscores a larger idea: Bitcoin’s growing appeal may lie not in its role as a hedge against specific geopolitical events, but as a global, decentralized asset that operates independently of nation-state policy.

這一觀察結果強調了一個更大的想法：比特幣不斷增長的吸引力可能不在於對沖特定的地緣政治事件的對沖，而是作為對全球，分散的資產，獨立於民族國家政策。

As traditional financial markets digest the new U.S.–China trade agreement, Bitcoin’s performance in the days ahead will offer valuable insight into its role in the evolving macroeconomic landscape.

隨著傳統金融市場消化了新的美國 - 中國貿易協定，比特幣在未來的日子的表現將為其在不斷發展的宏觀經濟景觀中的作用提供寶貴的見解。