比特币[BTC]飙升至创纪录的$ 111.8K

而传统市场（美国债券和股票领域）则在财政挑战中挣扎。

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

周一，比特币价格飙升至111,800美元以上的创纪录高度，超过了在美国财政挑战中挣扎的传统市场。

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

比特币飙升超过$ 111.8K，因为美国财政困难在债券，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年的财政债券在周一开放，债券价格降低，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.

债券市场溃败流入了股市，将纳斯达克储备金下降了1.4％，并将标准普尔500指数下跌1.6％。美元指数（DXY）降至99.5的2周低点。

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的价格上升到了新的高位，这一举动是加密VC Multicoin Capital的Tushar Jain被视为成为“冒险”资产。

"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.

他说：“我们正在观察BTC从风险企业的资产转变为冒险资产。今天，我们看到了政府无法减少预算赤字的进一步证明。市场通过出售美国国债，出售美元，出售股票和购买BTC而做出反应。”

Will U.S debt fuel BTC?

美国债务会燃料BTC吗？

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.

收益率上升意味着美国政府将支付更高的利率来借入二十年。分析师与担心财政支出和债务有关的更新。

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.

在撰写本文时，美国债务为36.22万亿美元。但是，总统唐纳德·特朗普（Donald Trump）的“大美丽”税收法案将导致额外的3万亿美元 - 5万亿美元的支出。

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.

这引起了人们对通货膨胀和债务可持续性的担忧，这是对20年期债券的需求疲软所见。实际上，穆迪上周降低了该国的信用评级，这加强了BTC作为与黄金一起替代的避风港的地位。

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.

比特币在2025年第1季度也与黄金脱钩，并遵循了美国股票，这意味着这是“风险”资产。但是在第二季度，它再次与黄金相关，尽管特朗普的关税战争，但两者都集结得更高。

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?

现在，随着美国财政困难的恶化，彼得·希夫（Peter Schiff）敦促他的观众抓住更多的黄金。因此，问题 - 在短期到中期，哪个避风港有更好的表现机会？

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.

根据BTC/黄金比率，该指标跟踪比特币价格相对于黄金的价格，加密资产的数量更高。

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月以来，BTC从频道的范围低下反弹后，将黄金黯然失色33％。如果它延伸到43时的射程最高，那么BTC将记录针对黄金的26％的收益。