标题：Dan Tapiero确定可以助长比特币（BTC）和加密货币的催化剂

塔皮埃罗（Tapiero）在牛奶路YouTube频道进行的新采访中说，货币政策需要在数字资产真正起飞之前保持一致。

Macro investor and fund manager Dan Tapiero is identifying what could be the catalyst that could fuel a comeback for Bitcoin (BTC) and crypto.

宏观投资者兼基金经理Dan Tapiero正在确定可以为比特币（BTC）和加密货币卷土重来的催化剂。

In a new interview on the Milk Road YouTube channel, Tapiero says that monetary policies need to align before digital assets can truly take off.

塔皮埃罗（Tapiero）在牛奶路YouTube频道进行的新采访中说，货币政策需要在数字资产真正起飞之前保持一致。

Tapiero says Fed Chair Jerome Powell is currently “holding back” on policy shifts – but once he acts, the macro investor believes Bitcoin and the broader crypto market will soar.

塔皮埃罗（Tapiero）说，美联储主席杰罗姆·鲍威尔（Jerome Powell）目前正在“阻止”政策转变 - 但是一旦他行动，宏观投资者认为比特币和更广泛的加密货币市场将会飙升。

“[Fiscal tightening] needs to be offset by some sort of monetary offset to keep things in balance [so] the economy doesn't have too aggressive [of] a pullback in liquidity [and] in demand side drivers. Fiscal policy has been contributing to demand, and now it's not, and I think monetary policy needs to offset that and the dollar is already sensing that and that's why it's weakened…

“ [财政收紧]需要被某种货币抵消以使事情保持平衡的抵消[因此]，因此经济并没有太积极地对流动性和需求助手的回调。财政政策已促成需求，现在是货于需求的，我认为这是货币政策，而货币政策已经需要这种弱点，并且为什么要偏离这种弱点……

Ideally, in a perfect world, [Treasury Secretary] Bessent and Trump or whoever should have gone down to Jay Powell and said, ‘Hey guys, we're going to be undertaking the greatest fiscal tightening of the last 50 years, give us some slack on the monetary side, let's work together on this…’

理想情况下，在一个完美的世界中，[财政部长] Bessent和Trump或任何应该下去杰伊·鲍威尔（Jay Powell）的人说：“嘿，我们将在过去50年中最大的财政收紧，在货币方面给我们一些懈怠，让我们在这方面做一些懈怠，让我们在这方面工作……”

But Powell for whatever reason is really holding back here, and I think the next few months the data will confirm that he needs to move and that'll help Bitcoin and the whole digital asset ecosystem – Ethereum, Solana, the whole world sort of take off again because there is a part of our world that is driven by this liquidity from the old world.”

但是鲍威尔出于何种原因真正阻碍了这里，我认为接下来的几个月数据将确认他需要移动，这将帮助比特币和整个数字资产生态系统 - 以太坊，索拉纳，索拉纳，整个世界再次起飞，因为我们世界的一部分是由这种流动性从旧世界驱动的。”

According to Tapiero, relying on liquidity from traditional finance will be necessary no matter how strong Bitcoin and decentralized finance (DeFi) present themselves and if his conditions are met, BTC could rally close to $200,000.

根据塔皮埃罗（Tapiero）的说法，无论比特币和分散的金融（DEFI）表现出色，依靠传统金融的流动性将是必要的，如果满足自己的状况，BTC可能会接近200,000美元。

“Regardless of the good fundamentals that are relating to Bitcoin, regardless of the good fundamentals relating to some of the other projects and the activity in the space, the growth of DeFi, stablecoins, even non-fungible tokens (NFTs) might be coming back a little bit, so I think you just have a little bit of liquidity from the old world come in [and] you have Bitcoin head up to my target, [which] has been $180,000 for a long time.”

“Regardless of the good fundamentals that are relating to Bitcoin, regardless of the good fundamentals relating to some of the other projects and the activity in the space, the growth of DeFi, stablecoins, even non-fungible tokens (NFTs) might be coming back a little bit, so I think you just have a little bit of liquidity from the old world come in [and] you have Bitcoin head up to my target, [which] has been $180,000 for a long 时间。”

BTC is trading for $103,159 at time of writing, a marginal increase on the day.

BTC在撰写本文时以103,159美元的价格交易，当天的边缘增长。