由於特朗普的加密沙皇大衛·薩克斯（David Sacks）考慮戰略比特幣儲備，比特幣（BTC）低於$ 98K

儘管從理論上講，這些陳述被解釋為美國政府對加密貨幣部門的積極立場，但另一方面，加密貨幣市場的態度相對較差。

Yesterday, Trump’s Crypto Czar, David Sacks, stated that they are considering the idea of establishing a strategic reserve in Bitcoin.

昨天，特朗普的加密沙皇戴維·薩克斯（David Sacks）表示，他們正在考慮在比特幣中建立戰略儲備的想法。

Despite these statements theoretically being interpreted as a positive stance for the crypto sector by the US government, the crypto markets, on the other hand, have taken them relatively badly.

儘管從理論上講，這些陳述被解釋為美國政府對加密貨幣部門的積極立場，但另一方面，加密貨幣市場的態度相對較差。

The price of Bitcoin yesterday had risen above $102,000, after falling below $92,000 on Monday.

昨天的比特幣價格上漲了102,000美元，此前在周一下跌了92,000美元以下。

When Sacks’ press conference started, it was still above $100,000, but just as the Crypto Czar of Trump was speaking, the price of BTC began to fall.

當薩克斯的新聞發布會開始時，它仍然超過100,000美元，但是正如特朗普的加密沙皇所說的那樣，BTC的價格開始下跌。

Within a couple of hours, it returned below $97,000, although during the night it stopped falling, settling just below $98,000.

在幾個小時內，它返回了97,000美元以下，儘管在夜間停止下降，降至98,000美元以下。

The press conference by Sacks was widely anticipated, so much so that it is possible that yesterday’s rise up to $102,000 was triggered precisely by the expectations regarding what he might have said.

薩克斯的新聞發布會被廣泛期待，以至於昨天的上升至102,000美元可能是由於對他可能所說的話的期望而觸發的。

In particular, many probably expected that he would confirm the intention to create a strategic reserve in Bitcoin for the USA, especially after Trump’s executive order which provides for the establishment of a US sovereign fund.

特別是，許多人可能希望他確認打算在美國為比特幣創建戰略儲備，尤其是在特朗普的行政命令提供了建立美國主權基金之後。

Such expectations turned out to be excessive, and since the confirmation of the creation of the strategic reserve in BTC did not arrive, the markets reacted with a certain disappointment.

事實證明，這種期望是過分的，並且由於確認了BTC戰略儲備的確認沒有到達，因此市場對某些失望產生了反應。

Trump: the strategic reserve in BitcoinDonald Trump had promised the creation of a strategic reserve in Bitcoin in the USA already during the election campaign, before the elections on November 5, 2024.

特朗普：比特康多納德·特朗普的戰略儲備金已承諾在2024年11月5日選舉之前，在選舉活動期間已經在美國比特幣建立了戰略儲備。

The new president took office on January 20, 2025, but since then the concrete steps made in that direction have been few.

新總統於2025年1月20日上任，但是從那以後，朝這個方向邁出的具體步驟很少。

Indeed, as actually confirmed yesterday by Sacks himself, a single step forward has been made, which is not particularly concrete: the initiation of the assessment of the feasibility and opportunity of establishing a strategic reserve in Bitcoin in the USA.

的確，正如薩克斯本人實際上確認的那樣，已經邁出了一步，這並不是特別具體的：啟動評估在美國比特幣中建立戰略儲備的可行性和機會。

This necessarily implies that the final decision in theory should not even have been made yet.

這一定意味著理論上甚至還不應該做出最終決定。

In other words, in the hypothetical case where the above evaluation yields negative results, it is absolutely possible that the USA may decide not to establish any strategic reserve in BTC.

換句話說，在上述評估會產生負面結果的假設情況下，美國絕對有可能決定不在BTC中建立任何戰略儲備。

However, Trump seems so favorable to a similar initiative that as of today the markets are effectively betting that not only will the evaluation yield positive results, but that the strategic reserve will indeed be created.

但是，特朗普似乎對一項類似的倡議如此有利，以至於當今市場實際上是在押注，不僅評估會產生積極的結果，而且確實會產生戰略儲備。

It should not be forgotten that the USA, through the Department of Justice, already possess nearly 200,000 BTC, with a value in US dollars exceeding 19 billion.

不應忘記，美國通過司法部已經擁有近20萬BTC，其價值超過190億美元。

The idea of not selling those Bitcoin, as always done in the past, but keeping them by placing them within a strategic reserve seems definitely feasible, and this is why the markets are actually betting in favor. And this is also why they reacted with disappointment to the caution shown yesterday by Sacks on this matter.

不像過去那樣不賣那些比特幣的想法，但是將它們放在戰略儲備中的想法似乎絕對可行，這就是為什麼市場實際上受到贊成的押注的原因。這也是為什麼他們對薩克斯昨天對此事所表現出的謹慎的反應。

The USA and BitcoinUntil today, the only direct relationship that U.S. national institutions have had with Bitcoin seems to be precisely those almost 200,000 BTC acquired thanks to seizures of digital assets within judicial cases for various crimes.

今天，美國和比特幣是美國國家機構與比特幣建立的唯一直接關係，這似乎是那些在司法案件中對各種犯罪的司法案件中的數字資產癲癇發作，因此獲得了近200,000 BTC的收購。

In reality, over the last ten years, the Department of Justice of the USA has seized well over 200,000 Bitcoin, but over the years a good part has already been sold at auction.

實際上，在過去的十年中，美國司法部佔領了超過200,000比特幣，但是​​多年來，在拍賣會上已經出售了一部分。

Famous, for example, is the case of Tim Draper, who in 2014 managed to win as many as 30,000 BTC during one of these auctions, buying them at an average price of only $632 each. The U.S. Department of Justice then collected less than 19 million dollars with that sale, while today those 30,000 BTC would be worth almost three billion.

例如，蒂姆·德雷珀（Tim Draper）是著名的，他在其中一次拍賣中設法贏得了多達30,000 btc，平均價格僅為632美元。隨後，美國司法部通過這筆銷售收取了不到1900萬美元的收入，而今天的30,000 BTC的價值將近30億美元。

It is probably precisely for this reason that Trump would like the USA government to hold the BTC it already possesses indefinitely, so as to perhaps have a kind of reserve to draw upon in times of need.

特朗普希望美國政府持有它已經無限期擁有的BTC，以便在需要時可能有一種儲備可以藉鑑。

However, from a legal standpoint, it might not be simple to establish a government strategic reserve in Bitcoin according to the law. Sacks stated yesterday that it might not be necessary to resort to the sovereign fund for this institution, but it cannot be ruled out that to solve the most challenging legal issues, one might end up opting for that solution.

但是，從法律的角度來看，根據法律，在比特幣中建立政府戰略儲備可能並不容易。薩克斯昨天表示，可能沒有必要為該機構求助於主權基金，但是不能排除解決最具挑戰性的法律問題的排除，最終可能會選擇該解決方案。