在关税的情况下，比特币的韧性：BTC是否可以免疫贸易紧张局势？

自从4月2日的所谓“解放日”（新的关税措施推出时）以来，Bitcoin（$ btc）相对于传统股票表现出了显着的实力。

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.

自从4月2日的所谓“解放日”（新的关税措施推出时）以来，Bitcoin（$ btc）相对于传统股票表现出了显着的实力。

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.

根据市场分析师Daan Crypto交易的说法，这种趋势不仅是一种局面，而且可能是全球金融中更深入的叙述的信号。

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.

尽管April在股票市场上大幅下降，但比特币保持了其基础，在实施关税之后的反弹期间甚至表现出色。这种意外的力量使许多人质疑比特币是否被悄悄地定位为绕过传统贸易壁垒的工具。

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?

快进到5月11日，随着美国正式宣布与中国在日内瓦的贸易协定，问题浮出水面：比特币的集会是由于担心长期贸易张力的担心吗？更重要的是 - 现在，决议似乎在桌子上，这种势头会消失吗？

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认为，如果比特币的实力仅仅是对贸易不确定性的对冲，那么从逻辑上讲，在宣布交易之后，BTC应该失去其优势。但是，如果比特币继续向上的轨迹，这可能意味着加密资产完全与与关税有关的问题脱钩。

"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.

他总结说：“如果BTC继续做自己的事情并不断表现优于表现，那么可以肯定地说，关税可能对BTC的处理方式或使用方式几乎没有直接影响。”

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.

这一观察结果强调了一个更大的想法：比特币不断增长的吸引力可能不在于对冲特定的地缘政治事件的对冲，而是作为对全球，分散的资产，独立于民族国家政策。

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.

随着传统金融市场消化了新的美国 - 中国贸易协定，比特币在未来的日子的表现将为其在不断发展的宏观经济景观中的作用提供宝贵的见解。