比特幣（BTC）將在美國戰略比特幣儲備中舉行

根據唐納德·特朗普總統的評論，比特幣（BTC -0.21％）將在美國戰略比特幣儲備中舉行，並於3月6日發布了行政命令。

President Donald Trump announced the creation of a U.S. Strategic Bitcoin Reserve in an executive order on March 6, in a move that could be a watershed moment for the king of cryptocurrency on its road to new all-time highs.

唐納德·特朗普（Donald Trump）總統於3月6日通過行政命令宣布創建了美國戰略比特幣儲備，這可能是加密貨幣之王在通往新歷史高峰的道路上的流域時刻。

The crypto industry is largely anticipating this to be a huge catalyst for Bitcoin (BTC -0.21%) price appreciation, and it might just be the first of a series of similar catalysts if other governments around the world follow suit. Here's how the reserve -- if it comes into being -- could help the king of cryptocurrency, and what you can do to get some upside.

加密行業在很大程度上預計這將是比特幣（BTC -0.21％）價格升值的巨大催化劑，如果世界其他政府效仿，它可能只是一系列類似催化劑的第一個。這就是保護區（如果要出現）的方式可以幫助加密貨幣之王，以及您可以做些什麼才能獲得一些上行空間。

The government could be holding this coin forever

政府可以永遠持有這種硬幣

According to the White House, the new Strategic Bitcoin Reserve will be stocked with Bitcoin that the Department of Treasury comes into the possession of via criminal or civil asset forfeitures, as well as via other avenues that do not involve buying it directly.

據白宮稱，新的戰略比特幣保護區將備有比特幣，即財政部擁有通過刑事或民事資產沒收的財政部以及其他不涉及直接購買的途徑。

Now, all executive federal agencies are instructed to review their cryptocurrency holdings and advise on whether they have the authority to transfer those holdings to the repository.

現在，所有執行聯邦機構都被指示審查其加密貨幣持有量，並建議他們是否有權將這些持股轉移到存儲庫中。

Once that review is done and the reserve actually exists -- assuming it ever does -- it is probable that there will be another instruction that tells those agencies to actually transfer their coins to be held in one central location. After Bitcoins are deposited, they will not be sold and are instead intended to be retained, potentially indefinitely.

一旦完成了審查，並且儲備金實際上就存在 - 假設曾經這樣做 - 很可能會有另一條指令告訴這些機構實際轉移其硬幣以在一個中心位置舉行。將比特幣沉積後，它們將不會出售，而是要無限期地保留。

But the formation of the Strategic Bitcoin Reserve is something that many in the crypto industry are looking forward to.

但是，戰略比特幣儲備的形成是加密貨幣行業中許多人期待的東西。

However misplaced, there were widespread hopes that the government would commit to buying Bitcoin and other cryptocurrencies at fair market value to build up a cache worth billions of dollars, and this policy isn't that. Nor is it clear whether the reserve will ever be implemented; there may be legal or political barriers that prevent it from being realized as defined by the executive order.

儘管放錯了位置，但人們普遍希望政府承諾以公平的市場價值購買比特幣和其他加密貨幣，以建立價值數十億美元的緩存，而這項政策不是。儲備是否會被實施；可能有法律或政治障礙阻止其實現由行政命令定義的。

Importantly, the market has not exactly reacted very warmly to the proposal. Bitcoin's price is down by around 16% in the last 30 days, which isn't very much in the big scheme of things, but it's a lot considering that period of time featured one of the biggest ever policy announcements that should support higher prices for the coin. The implication here is that investors were probably originally a bit too bullish about what the reserve would be.

重要的是，市場對該提案的反應並未完全反應。在過去的30天內，比特幣的價格下跌了約16％，這在很大的方案中並不多，但是考慮到這段時間的時間裡，這是有史以來最大的政策公告之一，應該支持硬幣的更高價格。這裡的暗示是，投資者最初可能對儲備金的價格有些看漲。

This plays directly into the core thesis for buying and holding

這直接播放用於購買和持有的核心論文

The good news is that the new stash of coins, if it is actually implemented, would mesh neatly with Bitcoin's investment thesis in a way that would make it an even more appealing coin to hold over the long term.

好消息是，如果硬幣實際實施的新硬幣將與比特幣的投資論文融為一體，以使其長期持有更具吸引力的硬幣。

If the government refuses to sell any Bitcoin that it comes into the possession of, that would be equivalent to there being less Bitcoin in circulation. With less supply circulating, it would be scarcer, meaning that investors looking to buy it would be willing to pay higher prices in order to ensure that they can hold the asset. This would occur alongside other preset drivers of scarcity, like increasing mining difficulty over time as mediated by the halving.

如果政府拒絕出售所擁有的任何比特幣，那將等同於循環中比特幣較少。隨著供應量減少，這將是稀缺，這意味著希望購買的投資者願意支付更高的價格，以確保他們可以持有資產。這將與其他稀缺的其他預設驅動因素一起發生，例如隨著時間的流逝而增加採礦困難。

Over the course of years, the additional price impulse from the government holding coins could be significant. It's estimated by Chainalysis that the U.S. now holds about 200,000 Bitcoins, which would currently be about $16 billion.

多年來，政府持有硬幣的額外價格衝動可能會很大。通過鏈分析估計，美國現在擁有約20萬比特幣，目前約為160億美元。

Per the White House, the U.S. has in its history sold off approximately $17 billion worth of Bitcoin. If it retains a similar amount moving forward, eventually it could be a notable holder relative to the coin's total market cap today of nearly $1.7 trillion. As there can only ever be 21 million Bitcoins in total, any coins the government gets now may be much more valuable in the future.

根據白宮的歷史，美國的歷史上賣出了價值約170億美元的比特幣。如果它保留了類似的前進，最終可能是著名的持有人，相對於當今硬幣的總市值近1.7萬億美元。由於總共只能有2100萬比特幣，因此政府現在獲得的任何硬幣將來可能會更有價值。

So, what's an investor to do? I think the answer is simple: Buy Bitcoin, and hold it. Dollar-cost averaging is your friend here, as there's absolutely no rush to accumulate the asset given a long-term outlook on holding it. If the Bitcoin reserve shapes up in the way Trump outlined, you can let the government's inability to sell help boost the price of your investment over time.

那麼，投資者要做什麼？我認為答案很簡單：購買比特幣並持有。美元成本平均是您的朋友，因為鑑於持有它的長期前景，絕對沒有急於積累資產。如果比特幣儲備按照特朗普概述的方式塑造，則可以讓政府無法出售，有助於提高您的投資價格。

Then, enjoy your profits when you're ready.

然後，準備就緒後享受您的利潤。