<>Author: Matt Hougan, Chief Investment Officer of Bit
Translated by: AIMan@Jinse FinanceIn such times, today being an investor not easy.
Is Trump's' tariff policy negotiation strategy, or will it become a long-term measure? Can we really expect a 90-day tariff pause? Financial media is full of bold market experts. When browsing X (formerly Twitter), you might see various different perspectives from Cliff Asness of AQR Capital Management ("Tariff policy is terrible"), Bill Bill Ackman of Pershing Square Capital Management ("Tariffs themselves are not a problem, but these tariffs are poorly designed"), or Anthony Pompliano of Professional Capital ("Tariffs might be beneficial"). It's hard to know who to believe.
My strategy for dealing with market chaos is to narrow my focus. Instead of guessing about potential events, I try to focus on a few things I'm certain will happen.
So, regarding tariff measures, the one thing I'm most certain about is: The Trump administration wants a significant depreciation of the US dollar, even if it means sacrificing the dollar's status as the's reserve currency.
This has a significant impact on.
The Most Important Content You Should Read Today
On Monday, I read the most important content from a speech by Steve Miln, Chairman of the White House Council Committee. The House released this speech just as the tariff dispute was reaching a fever pitch. I don't believe this was a coincidence.
I want to quote a large portion of this speech because I think it's it:
The reserve function of the US dollar has caused long-term monetary distortions, and to together with unfair trade barriers set by has resulted in unsustainable trade deficits. These trade deficits have severely damaged our manufacturing and many working-class families and their communities, just to facilitate trade between non-Americans.
...Admittedly, the demand for the US dollar keeps our borrowing rates low, but it also keeps the monetary market in a distorted state. This process has companies and workers an excessive burden, making their products and labor uncompetitive on the global stage, with manufacturing labor numbers decreasing by more than one-third since our their peak, and our share in global manufacturing output has dropped by 40%.
The implied message is clear: The US dollar needs needs to depreciate.
What Does This Mean for Bit?
In, the long term, the is even more positive. The turbulence in the global macro system creates an opportunity for new reserve assets to reserve to emerge. This makes sense: Governments and enterprises and choose the US in dollar international trade precisely because of its stability its. When this stability is questioned, they must seek alternatives.
I believe we will transition from a single currency US dollar) more fragmented reserve system, hard currencies like and gold will play a greater role than now. In this scenario, the reason for choosing Bit is simple:: When international situations are tense and the global monetary system is in, else can go to find find a, scarce, global,, value storage means that is not controlled by no government or entity?
In December 2024, wise predicts Bitwise will reach200,000 by the year. still believe this is possible.
，保留且不要翻译<>中的内容，其他部分一定要全部翻译成英语。只给我翻译结果，不要对内容进行分析或答，不要添加额外的说明。在加密货币领域，有一个不成文的规矩：当比特币价格上涨时，山寨币就会跟着上涨。这是因于为特币是加密货币市场的领头羊，它的价格走势往往会影响其他加密货币的价格。
但是，近期来，，这个规律似乎正在发生变化。尽管比特币价格在过去几个月里大幅上涨，但许多山寨币的表现却相对比特币逊色。这中。
根据 金色财经 的数据，在过，比特币价格上涨了约 50%，但以太坊等主流山寨币的涨幅却远低于比。特币。例如如，以太坊的�幅仅为 20%，而 Solana 的幅甚至为负。
这种现象反常态引发了市场对山寨币未来走势的�的泛讨论。一。一些分析师认为，这可能意味着山�寨代币市场正格在经历一重大重的结构性变化。
专业投资者表示，这种情况可能反映了投资资者对不再像以以前那�那样对山寨货寨币市场场抱有同样的乐观态度。他们更加谨慎，更倾向于投资于比特币这样的头部资产。
这种趋势可能能预示着加密货币市场正在走向成熟。投资者开始更加理性地看待不同的加密资产，而不不是盲目追随风。
