Name: 2025 年加密貨幣崩盤解析 (2025 Crypto Crash Explained)
Uploaded: 2025-10-17T18:20:51.000Z
Duration: 9 min 15 s

The entire crypto market is falling down.

基礎被動語態

$20 billion worth of crypto was wiped out.

有價值 200 億美元的加密貨幣瞬間蒸發。

This is more than what the stock market lost during 1929 stock market crash that led to the Great Depression of 1929.

這比 1929 年引發大蕭條的股市崩盤損失的金額還要多。

This is the largest crypto crash since April and March of this year.

這是繼今年四月和三月以來最大的加密貨幣崩盤。

It seemed like crypto is growing and everybody was waiting for a new record.

感覺加密貨幣正在成長，大家都在等著創下新高。

Crypto or bitcoin supposed to hit $200,000, $500,000 or maybe even a million dollars.

加密貨幣或 Bitcoin 應該要漲到 20 萬、50 萬，甚至 100 萬美元。

And here we are witnessing another major crypto crash.

結果我們現在卻見證了另一次重大的加密貨幣崩盤。

So let's find out what exactly is happening and why the price of crypto suddenly collapsed.

所以，讓我們來看看到底發生了什麼事，以及加密貨幣的價格為什麼突然崩盤。

If you're ready, give this video a thumbs up like and let's get right into it.

如果你準備好了，就幫這個影片按個讚，我們馬上開始。

And while 10% is nothing new for bitcoin, because bitcoin fluctuates a lot, any turmoil that happens in the market, it instantly impacts the price of bitcoin and crypto in general.

雖然對 Bitcoin 來說 10% 沒什麼大不了的，因為 Bitcoin 波動很大，市場上任何的動盪都會立刻影響 Bitcoin 和整體加密貨幣的價格。

Because crypto is still a very small asset class.

因為加密貨幣仍然是一個非常小的資產類別。

The total value of the crypto is $4 trillion.

加密貨幣的總價值是 4 兆美元。

And Bitcoin represents about 60% of that at about $2.2 trillion.

而 Bitcoin 佔了其中的大約 60%，約 2.2 兆美元。

And some people might say crypto is really big because it hit $4 trillion.

有些人可能會說加密貨幣很大，因為它達到了 4 兆美元。

If you compare it to the stock market, stock market worth $65 trillion.

如果跟股票市場相比，股票市場價值 65 兆美元。

Another major asset class is the bond market, that worth $60 trillion.

另一個主要的資產類別是債券市場，價值 60 兆美元。

So if you put it side by side to the stocks and the bonds, suddenly crypto market is a little fish compared to these other markets.

所以如果把它跟股票和債券放在一起比較，加密貨幣市場跟這些其他市場比起來，就顯得小巫見大巫了。

And that's why any fluctuations in the market you can.

這也是為什麼市場上的任何波動你都可以。

Yes, it will impact the entire market, but

沒錯，它會影響整個市場，但是

because crypto is so small, it will have a much bigger impact on crypto.

因為加密貨幣這麼小，它對加密貨幣本身的影響會更大。

In fact, the total valuation of Nvidia, a single stock in the stock market, is worth more than the entire crypto market.

事實上，股票市場裡像 Nvidia 這樣單一股票的總市值，就比整個加密貨幣市場還要高。

To understand what's happening, you have to understand between safe havens and growth assets.

要了解正在發生的事，你必須瞭解避險資產和成長型資產的區別。

We have two types of assets in the market.

These are the assets that historically has proven that they are crisis resistant.

這些資產在歷史上已經被證明是能夠抵抗危機的。

Yes, their prices could fall in the short run, but

是的，它們的價格短期內可能會下跌，但是

they have proved themselves to be to hold to preserve wealth, such as gold.

它們已經證明瞭自己能夠保值，例如黃金。

And that's why whenever there is a crisis, you instantly see gold prices rising dramatically.

這就是為什麼每當有危機發生時，你都會立刻看到黃金價格大幅上漲。

On the other side, you have growth assets.

另一方面，你還有成長型資產。

These are innovative new assets that rise dramatically in value.

這些是創新的新資產，價值會大幅上漲。

But whenever there is a turmoil in the market, investors are not worried about making extra returns, but

但是，每當市場動盪時，投資者並不擔心額外的回報，而是

investors are thinking about how to preserve their wealth.

投資者正在思考如何保住他們的財富。

And crypto is a growth asset because Donald Trump has imposed 100% tariff on China.

而加密貨幣是一種成長型資產，因為唐納·川普對中國實施了百分之百的關稅。

And the trade war now is renewed between the two major economies.

而這場貿易戰現在又在兩個主要經濟體之間重新燃起。

It created a shock in the market, it impacted the bond market, it impacted the stock market, and

這在市場上引起了震盪，影響了債券市場，影響了股票市場，

And that's because the size of the stock market is much bigger than the size of the crypto market.

這是因為股票市場的規模遠大於加密貨幣市場的規模。

And that's why a lot of wealth is simply moving away from growth assets into more traditional assets that has proved themselves historically, such as gold.

這也是為什麼許多財富正從成長型資產轉移到更傳統的資產，像是黃金，這些資產在歷史上已經證明瞭自己。

But if you look at the gold prices, it is hitting a new record.

但如果你看看黃金價格，它正在創下新紀錄。

You want to be able to instantly turn your assets into a real cash whenever you want them.

你希望在你想要的時候，能夠立即將你的資產轉換成現金。

But if it's a growth assets, yes, in the long run, bitcoin might actually reach a million dollars or maybe even $10 million per bitcoin.

但如果是成長型資產，是的，從長遠來看，Bitcoin 可能會達到一百萬美元，甚至每枚 Bitcoin 一千萬美元。

But as a rational investor, you want to ensure that you can liquidate your assets at any moment.

但作為一個理性的投資者，你希望確保你隨時都能夠變現你的資產。

If you have gold, you can sell it does not matter what whenever you are selling it, whether you are selling it during good times or bad times, you can sell it.

如果你有黃金，無論何時賣出，無論是好是壞，你都可以賣掉。

But with crypto, that hasn't yet proved itself.

但加密貨幣，還沒有證明自己。

Now, when I say proved itself, you need decades and decades for the asset to prove itself.

現在，我說證明自己，需要幾十年甚至幾十年的時間，資產才能證明自己。

Crypto has emerged back in 2008 or in 2009.

加密貨幣出現在 2008 年或 2009 年。

So it still has a long way to go to prove itself as an asset that can preserve wealth.

所以它還有很長的路要走，才能證明自己是能夠保值的資產。

Historically, the real question is, will crypto continue crashing?

歷史上，真正的問題是，加密貨幣會繼續崩盤嗎？

Since 2020, institutional investors started investing in crypto.

自從 2020 年以來，機構投資者就開始投資加密貨幣。

So you have a lot of money moving from Wall street and is being invested in crypto.

所以你看到很多資金從華爾街流出，並投入到加密貨幣中。

And the way that traditional investors or institutional investors diversify their risks is by investing in multiple different assets in multiple different cryptos, by creating ETFs.

而傳統投資人或機構投資人分散風險的方式，就是透過建立 ETF，投資於多種不同的資產和多種不同的加密貨幣。

An ETF is a financial institution created to diversify investments.

ETF 是一種為了分散投資而設立的金融機構。

So we have multiple crypto ETFs that invest in Bitcoin, Ethereum, XRP and a lot of other cryptos.

所以我們有很多加密貨幣 ETF，投資於 Bitcoin、Ethereum、XRP 和許多其他加密貨幣。

And then investors are investing in ETFs because there are so many ETFs created to invest in crypto.

接著，投資人會投資 ETF，因為有太多 ETF 是為了投資加密貨幣而設立的。

對加密貨幣的需求是持續不斷的。

Yes, the price of Bitcoin or the price of crypto can keep falling down, but

是的，Bitcoin 的價格或加密貨幣的價格可能會持續下跌，但是

there is a certain threshold that it cannot actually fall below it because there is institutional money that that is backing It.

它有一個一定的門檻，實際上無法跌破，因為有機構資金在背書。

And that's why these short term fluctuations are just short term fluctuations.

這就是為什麼這些短期波動只是短期波動。

They won't drive the price of crypto or bitcoin to zero because there is so much money that is backing crypto from Wall street and institutional investors in general.

它們不會讓加密貨幣或 Bitcoin 的價格歸零，因為有來自華爾街和整體機構投資者的龐大資金在支持加密貨幣。

But here is the real reason why crypto is crushing since we have a pro crypto president.

但這就是加密貨幣表現強勁的真正原因，因為我們有一位支持加密貨幣的總統。

Since Donald Trump assumed office, he's been passing different laws to make crypto much more mainstream.

自從唐納·川普上任以來，他一直在通過各種法案，讓加密貨幣更加主流。

Yes, it was already mainstream since 2019 and 2020.

是的，從 2019 年和 2020 年就已經是主流了。

But with the laws that Donald Trump is passing, he is literally making it much easier for crypto to become much more mainstream.

但隨著唐納·川普正在通過的法案，他實際上讓加密貨幣更容易變得更加主流。

And that's why a lot of crypto investors like, well, as long as President Trump is the President of the United States, bitcoin is going to continue growing.

這就是為什麼許多加密貨幣投資者會覺得，只要川普總統是美國總統，Bitcoin 就會持續成長。

So I want to capitalize on the growth of crypto.

所以我想利用加密貨幣的成長來獲利。

Yes, in the short run there could be fluctuations, but overall the trend is very clear.

是的，短期內可能會有些波動，但整體趨勢非常明顯。

Since April of this year, it has grown from $75,000 to $112,000.

從今年四月開始，它已經從 75,000 美元漲到 112,000 美元。

But because crypto and bitcoin in general no longer grow by thousands of percentages, a lot of people in the crypto market are over leveraged.

但由於加密貨幣和 Bitcoin 整體上不再以數千個百分比成長，加密貨幣市場中的許多人已經過度槓桿。

So they are not just investing their money, but

所以他們不只是投資自己的錢，

they're borrowing money to invest up to the size of their portfolio.

而是借錢來投資，直到達到他們投資組合的規模。

So, for example, if I'm actually making 10% on $100, I made $10.

所以，舉個例子，如果我拿 100 美元實際上賺了 10%，我就賺了 10 美元。

But if I borrow money, for example, at a ratio 10 to 1 and it grows by 10%, suddenly I am making 100% and some people are over leveraging by 50 to 100 times.

但如果我借錢，假設是 10 倍槓桿，然後增長了 10%，突然間我就賺了 100%，有些人甚至會過度槓桿 50 到 100 倍。

It is very normal in the crypto market to be overleveraged at that rate.

在加密貨幣市場，以這樣的比例過度槓桿是很常見的。

Yes, on one side, you can make a lot of money when the price of crypto is growing.

是的，一方面，當加密貨幣價格上漲時，你可以賺很多錢。

But the question is, what is happening when the price of crypto is falling?

但是問題是，當加密貨幣價格下跌時會發生什麼？

Your broker, who actually allowed you to use leverage is going to automatically exit your position if the size of your losses exceed the size of your portfolio.

你的經紀人，也就是讓你使用槓桿的人，如果你的虧損金額超過了你的投資組合規模，他會自動退出你的部位。

So if you're sitting on $10 million and you're over leveraged, suddenly $10 million will be wiped out just like that.

所以如果你有 1000 萬美元，而且你過度槓桿，突然間這 1000 萬美元就會瞬間消失。

Because the price of bitcoin has fallen back below a certain threshold, you no longer have control over your portfolio.

因為 Bitcoin 的價格跌破了某個門檻，你就無法再控制你的投資組合了。

It is your broker that is going to exit your position automatically because you use leverage.

這是你的經紀人，因為你使用槓桿，他會自動退出你的部位。

If it was your crypto and suddenly the price is falling, you actually don't care about it.

如果是你的加密貨幣，而且突然價格下跌，你其實並不在意。

In the long run, I will end up making a lot of money.

長期來看，我最終會賺很多錢。

But if you're over leveraged, you no longer have that choice and that's why instantly $20 billion was wiped out of the market.

但如果你過度槓桿，你就沒有這個選擇了，這就是為什麼市場瞬間蒸發了 200 億美元。

And that's why we have such a huge crisis in the crypto market right now.

這就是為什麼我們現在在加密貨幣市場有這麼大的危機。

So if you're investing, first of all, do not over leverage.

所以如果你在投資，首先，不要過度槓桿。

Even if you're using leverage, you have absolutely, you should have a really great plan and you must be 100% confident that you are going to win with this transaction.

即使你使用槓桿，你絕對應該有一個非常好的計畫，而且你必須 100% 確定你會贏得這筆交易。

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2025 年加密貨幣崩盤解析 (2025 Crypto Crash Explained)

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