加密货币将集会：海斯将特朗普关税与比特币繁荣和债券回购恐慌联系起来

Crypto Exchange Bitmex的联合创始人Arthur Hayes，Crypto投资公司Maelstrom的现任负责人，对宏观经济的批评提出

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

加密新闻：特朗普的关税激发了比特币的底部，与美国邦德恐慌和隐形回购的不懈看涨势头链接，为加密突破设定了阶段-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的联合创始人，加密投资公司Maelstrom的现任校长Arthur Hayes于4月23日对宏观的宏观经济批评作出，将特朗普总统的积极进取的贸易政策比作危险的山坡上的鲁ckselesneuver。

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

前衍生品交易员在雪崩预测和金融市场风险之间取得了有趣的相似之处。

“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.”

“我将这一事件链描述为“一切都很好”的政策制定者枢纽，到“一切都是他妈的，我们必须做某事，”市场飙升，最重要的是，比特币触底了。我将本地底部命名为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.

这篇文章深入研究了特朗普的关税公告引发的市场混乱，海耶斯说，这将美国的债券市场波动推向了危机水平，保证了快速干预。

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.

这导致了美国财政部长斯科特·贝斯特（Scott Bessent）宣布债券回购计划，此举将其解释为隐形货币宽松。在这种情况下，海斯强调了对数字资产的看涨影响。

“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.”

“使用这些信息，我们作为比特币霍德尔和加密迪格尼投资者知道，底部是因为特朗普下次提高关税言论或拒绝降低中国的关税时，比特币将集结，预计在Max Brrrrr级别上运行Max Brrrrr级别的货币印刷品以确保债券市场的含量保持债券水平，以确保债券的波动量仍然存在。”

“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.”

“下次特朗普按下关税按钮时（他将要做的，以确保各国尊重他的权威），他将能够要求其他让步，而比特币不会与某些股票并肩作战。”

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.

他说，比特币“知道”，鉴于肮脏的金融体系需要运营的当前和未来债务的疯狂水平，缩放政策无法长期维持。

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.

“在漩涡中，我们已经达到了加密货币的曝光率。现在，这一切都是关于购买和出售不同的加密货币。在销售中购买的硬币最多的硬币是比特币，比特币从110,000美元到74,500美元。比特币将继续导致的方式，因为它可以使更多的富裕人士的范围延伸，以至于不适时，这是对未来货币的直接流动性，而这将是柔软的货币。 Chi-Merica离婚，” Hayes补充说。

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.

随着全球情绪将特朗普描绘成鲁ck的关税，持有美国股票和债券的投资者正在寻求与该机构相反的资产。

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.

从身体上讲，那是黄金。以数字方式，那是比特币。一旦比特币违反了110,000美元，这是先前的历史最高水平，它可能会激增，进一步提高主导地位。也许只是错过了20万美元。然后，旋转从比特币开始到shitcoins。