加密貨幣將集會：海斯將特朗普關稅與比特幣繁榮和債券回購恐慌聯繫起來

Crypto Exchange Bitmex的聯合創始人Arthur Hayes，Crypto投資公司Maelstrom的現任負責人，對宏觀經濟的批評提出

Crypto News: Trump Tariffs Sparked Bitcoin Bottom, Links to Unrelenting Bullish Momentum From U.S. Bond Panic and Stealth Buybacks, Setting Stage for Crypto Breakout—Arthur Hayes

加密新聞：特朗普的關稅激發了比特幣的底部，與美國邦德恐慌和隱形回購的不懈看漲勢頭鏈接，為加密突破設定了階段-Arthur Hayes

Arthur Hayes, co-founder of crypto exchange Bitmex and current principal at crypto investment firm Maelstrom, offered a sweeping macroeconomic critique on April 23, likening President Trump’s aggressive trade policies to a reckless maneuver on a dangerous mountain slope.

加密交易所Bitmex的聯合創始人，加密投資公司Maelstrom的現任校長Arthur Hayes於4月23日對宏觀的宏觀經濟批評作出，將特朗普總統的積極進取的貿易政策比作危險的山坡上的魯ckselesneuver。

The former derivatives trader drew interesting parallels between avalanche forecasting and financial market risk.

前衍生品交易員在雪崩預測和金融市場風險之間取得了有趣的相似之處。

“I characterize this chain of events as a policymaker pivot from ‘everything is fine’ to ‘everything is fucked, we must do something,’ markets surged, and most importantly, bitcoin bottomed. I’m calling the local bottom at $74,500.”

“我將這一事件鏈描述為“一切都很好”的政策制定者樞紐，到“一切都是他媽的，我們必須做某事，”市場飆升，最重要的是，比特幣觸底了。我將本地底部命名為74,500美元。”

The essay delves into the market chaos sparked by Trump’s tariff announcement, which Hayes said pushed U.S. bond market volatility to crisis levels, warranting rapid intervention.

這篇文章深入研究了特朗普的關稅公告引發的市場混亂，海耶斯說，這將美國的債券市場波動推向了危機水平，保證了快速乾預。

This led to U.S. Treasury Secretary Scott Bessent announcing a bond buyback program, a move which Hayes interprets as stealth monetary easing. In this context, Hayes highlighted the bullish implications for digital assets.

這導致了美國財政部長斯科特·貝斯特（Scott Bessent）宣布債券回購計劃，此舉將其解釋為隱形貨幣寬鬆。在這種情況下，海斯強調了對數字資產的看漲影響。

“Using this information, we as bitcoin hodlers and crypto degen investors know that the bottom is in because the next time Trump ramps up the Tariff rhetoric or refuses to reduce tariffs on China, bitcoin will rally in anticipation of the monetary mandarins running the money printing press at max Brrrrr levels to ensure bond market volatility remains muted.”

“使用這些信息，我們作為比特幣霍德爾和加密迪格尼投資者知道，底部是因為特朗普下次提高關稅言論或拒絕降低中國的關稅時，比特幣將集結，預計在Max Brrrrr級別上運行Max Brrrrr級別的貨幣印刷品以確保債券市場的含量保持債券水平，以確保債券的波動量仍然存在。”

“The next time Trump presses the tariff button — which he will do, to ensure nations respect his authority — he will be able to ask for additional concessions, and bitcoin won’t get crushed alongside certain equities.”

“下次特朗普按下關稅按鈕時（他將要做的，以確保各國尊重他的權威），他將能夠要求其他讓步，而比特幣不會與某些股票並肩作戰。”

Bitcoin, he said, “knows” that the deflationary policies cannot be sustained for long, given the insane levels of current and future debt the filthy financial system requires to operate.

他說，比特幣“知道”，鑑於骯髒的金融體系需要運營的當前和未來債務的瘋狂水平，縮放政策無法長期維持。

As you can tell, I’m very bullish.

如您所知，我非常看好。

“At Maelstrom, we have maxed out our crypto exposure. Now it’s all about buying and selling different cryptos to stack sats. The coin purchased in the largest quantity was bitcoin during the dip from $110,000 to $74,500. Bitcoin will continue to lead the way as it is the direct beneficiary of more fiat dollars sloshing about due to future monetary liquidity injections provided to soften the impact of a Chi-Merica divorce,” Hayes added.

“在漩渦中，我們已經達到了加密貨幣的曝光率。現在，這一切都是關於購買和出售不同的加密貨幣。在銷售中購買的硬幣最多的硬幣是比特幣，比特幣從110,000美元到74,500美元。比特幣將繼續導致的方式，因為它可以使更多的富裕人士的範圍延伸，以至於不適時，這是對未來貨幣的直接流動性，而這將是柔軟的貨幣。 Chi-Merica離婚，” Hayes補充說。

With global sentiment portraying Trump as recklessly using tariffs, investors holding U.S. stocks and bonds are seeking assets perceived as counter to the establishment.

隨著全球情緒將特朗普描繪成魯ck的關稅，持有美國股票和債券的投資者正在尋求與該機構相反的資產。

Physically, that’s gold. Digitally, that’s bitcoin. Once bitcoin breaches $110,000, the previous all-time high, it will likely surge, further increasing dominance. Maybe it just misses $200,000. Then the rotation begins from bitcoin into shitcoins.

從身體上講，那是黃金。以數字方式，那是比特幣。一旦比特幣違反了110,000美元，這是先前的歷史最高水平，它可能會激增，進一步提高主導地位。也許只是錯過了20萬美元。然後，旋轉從比特幣開始到shitcoins。