数字货币如何挖矿赚钱？区块链挖矿教程全解析
随着比特币下跌，波动性蔓延，希夫预见到了终结。但鉴于标准普尔指数现在也反映了比特币的走势，比特币真的要失败了吗？
目录
比特币再次“死亡”
彼得·希夫长期以来一直是比特币 (BTC) 最直言不讳的批评者之一。多年来，他一直坚持认为该资产缺乏内在价值，其价格纯粹由投机驱动，并且会在真正的经济危机面前崩溃。
4 月 11 日，他在 X 上重申了这一观点，写道：“比特币诞生于 2008 年的金融危机。讽刺的是，2025 年的金融危机将会扼杀它。”他的言论将比特币的起源与其潜在的垮台直接联系在一起。
To evaluate that claim, it helps to revisit the conditions that led to Bitcoin’s creation. The 2008 financial crisis brought the global financial system to the brink.Â
Several major banks either failed or required urgent bailouts. Credit markets seized up, and investor confidence evaporated.Â
In response, central banks slashed interest rates to near zero and launched aggressive monetary interventions that defined the decade ahead.
Bitcoin emerged in the midst of this turmoil. Its release in early 2009 was rooted in a clear intent to propose an alternative monetary framework. One that removed central authorities, eliminated the possibility of bailouts, and introduced a transparent supply mechanism immune to political interference.
So if a crisis gave birth to Bitcoin, can another one eliminate it? Or has Bitcoin endured precisely because financial systems remain fragile? Let’s find out.
2025 年会发生什么？
要评估比特币是否能够抵御未来的金融危机，首先必须了解当前金融危机的性质。
与2008年因银行系统崩溃而引发的危机不同，2025年的动荡主要是由政策选择引起的，尤其是全面征收关税。
4 月 1 日，特朗普总统宣布全面提高关税，影响超过 75 个国家，税率从 11% 到 50% 不等，具体取决于产品和原产地。
中国作为美国最大的贸易伙伴，被排除在总体政策框架之外，反而面临更为严厉的贸易限制。
The announcement caught global markets by surprise and set off immediate volatility across equities, commodities, and currency markets. In the days that followed, the economic fallout deepened.Â
U.S. stock indices lost more than $12 trillion in value across a few trading sessions, while bond markets showed signs of strain, with the yield on the 10-year Treasury briefly rising above 4.5%.
Under growing pressure, the White House revised its approach. On Apr. 9, it announced a 90-day suspension of most tariffs, although restrictions targeting China remained in place.Â
The announcement helped calm markets temporarily. Bitcoin (BTC), which had dropped to around $74,500 earlier in the month, rebounded toward the $83,000 to $85,000 range after the pause. Analysts identified that level as a key area of technical resistance.
虽然关税的暂时下调带来了一些短期缓解，但并没有消除对投资者情绪或全球贸易势头造成的更广泛损害。
中国对此反击来回，首先是征收报复性关税，税率从34%开始，截至本文撰写时已升至125%，使双方的对抗升级为全面的贸易僵局。
目前已有 70 多个国家正在与美国进行重新谈判，但不确定性仍然给市场带来沉重压力。
过去危机中的比特币
尽管与传统资产相比，比特币尚显年轻，但它已经历经了多场危机，从全球市场崩盘到系统性银行倒闭。每一次危机都让我们深入了解它在压力下的反应，以及为何难以对其进行简单的分类。
The COVID-19 crash in March 2020 marked its first major test in a macroeconomic crisis. As global markets unraveled, Bitcoin plunged by more than 50%, falling from around $9,000 to under $4,500 within days.Â
Yet the rebound was equally sharp. Within two months, it had recovered all losses, and by year-end, it was trading above $28,000.Â
The rally was fueled by a mix of retail demand, growing institutional interest, and reflation-driven trades, supported by a wave of central bank liquidity.
2022 年，压力来自加密生态系统内部。Terra 的崩溃和 FTX 的破产引发了深度回调。比特币从 2022 年初的 45,000 美元以上跌至 11 月的 16,000 美元以下。
虽然这些事件是加密货币所特有的，但它们是在全球流动性收紧的背景下发生的，美联储积极提高利率以抑制通胀。
也许最能说明问题的时刻出现在 2023 年初，当时硅谷银行和 Signature Bank 等美国地区性银行在几天之内相继倒闭。
随着人们对存款安全性和央行干预的质疑声四起，比特币价格在不到两周的时间内大幅上涨，从约 2 万美元飙升至 2.8 万美元以上。对许多投资者来说，比特币一度似乎成为了规避传统银行风险的避风港。
这些事件表明，比特币的行为并不是固定的。在市场普遍承压期间，它通常像风险资产一样交易，但在机构失灵或货币不确定时，它也会吸引资本。
比特币并不是一种传统的对冲工具，而是一种替代资产，其作用取决于每次危机的性质和起源。
最近的市场动荡进一步模糊了界限。正如彭博社的 Eric Balchunas 所观察到的，“标准普尔 500 指数现在和比特币一样波动。”
传统资产和数字资产之间的关联不再那么明显，投资者越来越多地将它们视为同一风险领域的一部分。
This complexity is often missed in binary arguments. Schiff continues to frame downturns as existential threats to Bitcoin. Others see the asset as inherently resilient, gaining strength when conventional systems show cracks.Â
So far, the truth has been more nuanced. Bitcoin is neither immune nor obsolete, it is adaptive, and its relevance depends on what breaks next.
随着比特币下跌，波动性蔓延，希夫预见到了终结。但鉴于标准普尔指数现在也反映了比特币的走势，比特币真的要失败了吗？
目录
比特币再次“死亡”
彼得·希夫长期以来一直是比特币 (BTC) 最直言不讳的批评者之一。多年来，他一直坚持认为该资产缺乏内在价值，其价格纯粹由投机驱动，并且会在真正的经济危机面前崩溃。
4 月 11 日，他在 X 上重申了这一观点，写道：“比特币诞生于 2008 年的金融危机。讽刺的是，2025 年的金融危机将会扼杀它。”他的言论将比特币的起源与其潜在的垮台直接联系在一起。
To evaluate that claim, it helps to revisit the conditions that led to Bitcoin’s creation. The 2008 financial crisis brought the global financial system to the brink.Â
Several major banks either failed or required urgent bailouts. Credit markets seized up, and investor confidence evaporated.Â
In response, central banks slashed interest rates to near zero and launched aggressive monetary interventions that defined the decade ahead.
Bitcoin emerged in the midst of this turmoil. Its release in early 2009 was rooted in a clear intent to propose an alternative monetary framework. One that removed central authorities, eliminated the possibility of bailouts, and introduced a transparent supply mechanism immune to political interference.
So if a crisis gave birth to Bitcoin, can another one eliminate it? Or has Bitcoin endured precisely because financial systems remain fragile? Let’s find out.
2025 年会发生什么？
要评估比特币是否能够抵御未来的金融危机，首先必须了解当前金融危机的性质。
与2008年因银行系统崩溃而引发的危机不同，2025年的动荡主要是由政策选择引起的，尤其是全面征收关税。
4 月 1 日，特朗普总统宣布全面提高关税，影响超过 75 个国家，税率从 11% 到 50% 不等，具体取决于产品和原产地。
中国作为美国最大的贸易伙伴，被排除在总体政策框架之外，反而面临更为严厉的贸易限制。
The announcement caught global markets by surprise and set off immediate volatility across equities, commodities, and currency markets. In the days that followed, the economic fallout deepened.Â
U.S. stock indices lost more than $12 trillion in value across a few trading sessions, while bond markets showed signs of strain, with the yield on the 10-year Treasury briefly rising above 4.5%.
Under growing pressure, the White House revised its approach. On Apr. 9, it announced a 90-day suspension of most tariffs, although restrictions targeting China remained in place.Â
The announcement helped calm markets temporarily. Bitcoin (BTC), which had dropped to around $74,500 earlier in the month, rebounded toward the $83,000 to $85,000 range after the pause. Analysts identified that level as a key area of technical resistance.
虽然关税的暂时下调带来了一些短期缓解，但并没有消除对投资者情绪或全球贸易势头造成的更广泛损害。
中国对此反击来回，首先是征收报复性关税，税率从34%开始，截至本文撰写时已升至125%，使双方的对抗升级为全面的贸易僵局。
目前已有 70 多个国家正在与美国进行重新谈判，但不确定性仍然给市场带来沉重压力。
过去危机中的比特币
尽管与传统资产相比，比特币尚显年轻，但它已经历经了多场危机，从全球市场崩盘到系统性银行倒闭。每一次危机都让我们深入了解它在压力下的反应，以及为何难以对其进行简单的分类。
The COVID-19 crash in March 2020 marked its first major test in a macroeconomic crisis. As global markets unraveled, Bitcoin plunged by more than 50%, falling from around $9,000 to under $4,500 within days.Â
Yet the rebound was equally sharp. Within two months, it had recovered all losses, and by year-end, it was trading above $28,000.Â
The rally was fueled by a mix of retail demand, growing institutional interest, and reflation-driven trades, supported by a wave of central bank liquidity.
2022 年，压力来自加密生态系统内部。Terra 的崩溃和 FTX 的破产引发了深度回调。比特币从 2022 年初的 45,000 美元以上跌至 11 月的 16,000 美元以下。
虽然这些事件是加密货币所特有的，但它们是在全球流动性收紧的背景下发生的，美联储积极提高利率以抑制通胀。
也许最能说明问题的时刻出现在 2023 年初，当时硅谷银行和 Signature Bank 等美国地区性银行在几天之内相继倒闭。
随着人们对存款安全性和央行干预的质疑声四起，比特币价格在不到两周的时间内大幅上涨，从约 2 万美元飙升至 2.8 万美元以上。对许多投资者来说，比特币一度似乎成为了规避传统银行风险的避风港。
这些事件表明，比特币的行为并不是固定的。在市场普遍承压期间，它通常像风险资产一样交易，但在机构失灵或货币不确定时，它也会吸引资本。
比特币并不是一种传统的对冲工具，而是一种替代资产，其作用取决于每次危机的性质和起源。
最近的市场动荡进一步模糊了界限。正如彭博社的 Eric Balchunas 所观察到的，“标准普尔 500 指数现在和比特币一样波动。”
传统资产和数字资产之间的关联不再那么明显，投资者越来越多地将它们视为同一风险领域的一部分。
This complexity is often missed in binary arguments. Schiff continues to frame downturns as existential threats to Bitcoin. Others see the asset as inherently resilient, gaining strength when conventional systems show cracks.Â
So far, the truth has been more nuanced. Bitcoin is neither immune nor obsolete, it is adaptive, and its relevance depends on what breaks next.
版权声明：本文由比特之家用户上传发布，不代表比特之家立场，转载联系作者并注明出处： https://m.bitcoin688.com/news/70337.html
