2025年3月6日，美國總統特朗普簽署了行政命令“建立戰略性比特幣儲備和美國數字資產儲備”。
Author: OxCousin, IOBC CapitalOn March 6, 2025, U.S. President Trump signed the executive order "Establishing a Strategic Bitcoin Reserve and U.S. Digital Asset Reserve." The next day, a White House crypto summit was held. This is another important milestone for the crypto industry.Bitcoin Enters the Arena: A New Chessboard for U.S. Strategic ReservesWe view this matter from the perspective of the U.S. government. The purpose of establishing a Bitcoin strategic reserve is to strengthen and consolidate the U.S.'s dominant position in the global financial system. The executive order states clearly: "The U.S. government currently holds a significant amount of BTC but has yet to formulate relevant policies to leverage the strategic value of these BTC in the global financial system. Just as it is in the national interest to properly manage ownership and control of other resources, we must harness rather than restrict the potential of digital assets to promote national prosperity." There have been multiple precedents for strategic reserves in U.S. history. For example: Strategic Gold Reserves ------ In the 19th century, the U.S. adopted the gold standard, with the value of the dollar supported by gold reserves. In 1933, President Roosevelt signed Executive Order 6102, prohibiting private ownership of gold and mandating the confiscation of gold to be deposited in the Federal Reserve; in 1934, the U.S. introduced the Gold Reserve Act, transferring gold reserves to the Treasury; in 1944, the U.S. established the Bretton Woods system, promising to exchange gold at $35 per ounce, making the dollar an international currency; it wasn't until 1971, during President Nixon's term, that the dollar was decoupled from gold, marking the collapse of the Bretton Woods system and the end of the gold standard. Strategic Petroleum Reserves ------ In 1974, the U.S. reached an agreement with Saudi Arabia and OPEC countries that international oil trade must be conducted in dollars, which naturally made the dollar the global reserve currency; in 1975, the U.S. Congress passed the Energy Policy and Conservation Act, establishing the Strategic Petroleum Reserve (SPR), which peaked at nearly 700 million barrels, dropping to 350 million barrels by 2024. On June 9, 2024, the oil dollar agreement between the U.S. and Saudi Arabia officially expired, and Saudi Arabia announced it would not renew. Of course, there are also some strategic reserves with less far-reaching impacts, including ------ uranium, rare earths, silver, food, etc. Less than a year after the end of the oil dollar system, the U.S. established a strategic Bitcoin reserve. This indicates a strong consensus on Bitcoin as "digital gold." Strategic Considerations for U.S. Strategic Bitcoin Reserves1. Consolidation of Dollar Financial HegemonyFor a long time, the dollar has dominated the global financial system, serving as the primary currency for international trade and financial transactions. However, with changes in the global economic landscape, the rise of emerging economies, and the reshaping of geopolitical dynamics, the dollar's financial hegemony is facing challenges. Bitcoin, as a decentralized digital currency, possesses unique advantages in global circulation; its transactions are not controlled by traditional financial institutions or governments, allowing for rapid transactions and convenient circulation that can breakthrough geopolitical constraints. If the U.S. strengthens the connection between the dollar and Bitcoin and Crypto by being the first to establish a Bitcoin strategic reserve, it could occupy a high ground in the Crypto field, integrating the Crypto market into the dollar settlement system, thereby consolidating the dollar's position in international financial transactions. This would undoubtedly be a powerful defense of its dollar financial hegemony in the new financial era. As Trump mentioned at the White House crypto summit, establishing a Bitcoin reserve is akin to creating a "virtual Fort Knox" (Fort Knox is a U.S. facility that stores the national gold reserves). He also noted that congressional legislators are pushing for clarity in legislation regarding dollar stablecoins and U.S. digital asset market regulation, and he will ensure the long-term stability of the dollar's position. The pieces are in place. From a top-level design perspective, this may be the first time such an idea has been publicly announced. However, U.S. companies have already laid out key tracks in the Crypto field: in asset issuance ------ although there are criticisms regarding the inability to achieve Trustless in the RWA tokenization process, Franklin Templeton has become the largest traditional financial institution issuing RWA for U.S. Treasury bonds; in asset securitization ------ the total assets under management of U.S. BTC spot ETFs issued by traditional financial institutions led by BlackRock have exceeded $100 billion; in asset trading and custody ------ Nasdaq-listed company Coinbase is a major custodian for ETFs. What is currently lacking is a
作者：奧巴辛（Oxcousin），IOBC Capitalon 2025年3月6日，美國總統特朗普簽署了行政命令“建立戰略性比特幣儲備和美國數字資產儲備”。第二天，舉行了白宮加密峰會。這是加密貨幣行業的另一個重要里程碑。BitCoin進入競技場：從美國政府的角度來看，美國戰略保留的新象棋棋盤。建立比特幣戰略儲備的目的是加強和鞏固美國在全球金融體系中的主導地位。行政命令明確指出：“美國政府目前持有大量的BTC，但尚未制定相關政策來利用這些BTC在全球金融體系中的戰略價值。就像符合國家利益一樣，可以正確管理和控制其他資源的所有權，而不是限制數字資產的潛在資產來促進國家繁榮。”美國歷史上有多種戰略儲備的先例。例如：戰略黃金儲備--------在19世紀，美國採用了黃金標準，其價值由黃金儲量支持。 1933年，羅斯福總統簽署了第6102號行政命令，禁止私有黃金，並要求沒收黃金將存放在美聯儲中； 1934年，美國引入了《黃金儲備法》，將黃金儲備轉移到了財政部； 1944年，美國建立了布雷頓伍茲系統（Bretton Woods System），承諾以每盎司35美元的價格兌換黃金，使美元成為國際貨幣；直到1971年，在尼克松總統任期內，美元才與黃金脫鉤，這標誌著布雷頓·伍茲系統（Bretton Woods System）的崩潰和黃金標準的終結。戰略石油儲備金-------- 1974年，美國與沙特阿拉伯和歐佩克國家達成了一項協議，即必須以美元進行國際石油貿易，這自然使美元成為全球儲備貨幣； 1975年，美國國會通過了《能源政策與保護法》，建立了戰略石油儲備（SPR），該儲備（SPR）達到了近7億桶，到2024年達到3.5億桶。到2024年6月9日，美國和沙特阿拉伯之間的石油美元協議在2024年正式宣布，這是美國和沙特阿拉伯的正式宣布。當然，還有一些戰略儲備，其影響力較小，包括------鈾，稀土，銀，食物等。在油美元系統結束後不到一年，美國就建立了戰略性的比特幣儲備。這表明對比特幣作為“數字黃金”達成了強烈的共識。美國戰略比特幣儲量的戰略考慮。長期以來，美元統一了美元金融霸權，美元統治了全球金融體系，是國際貿易和金融交易的主要貨幣。但是，隨著全球經濟格局的變化，新興經濟體的興起以及對地緣政治動態的重塑，美元的金融霸權正面臨著挑戰。作為分散的數字貨幣，比特幣在全球流通中具有獨特的優勢。它的交易不受傳統金融機構或政府的控制，允許快速交易和方便的流通，可以突破地緣政治限制。如果美國通過第一個建立比特幣戰略儲備的人加強了美元與比特幣與加密貨幣之間的聯繫，它可能會在加密貨幣領域佔據高昂的基礎，將加密貨幣市場整合到美元結算系統中，從而鞏固美元在國際金融交易中的地位。毫無疑問，這將是對新金融時代的美元金融霸權的有力辯護。正如特朗普在白宮加密峰會上提到的那樣，建立比特幣儲備類似於創建“虛擬堡壘諾克斯”（諾克斯堡是一個存儲國家黃金儲備的美國設施）。他還指出，國會立法者正在推動有關美元穩定幣和美國數字資產市場法規的立法，他將確保美元地位的長期穩定。這些碎片就位。從頂級設計的角度來看，這可能是這樣的想法首次公開宣布。但是，美國公司已經在加密貨幣領域闡述了關鍵軌道：在資產發行中 - 儘管人們對無法實現RWA代幣化過程無信任的批評，但富蘭克林·鄧普頓（Franklin Templeton）已成為向美國財政部發行RWA的最大的傳統金融機構；在資產證券化中------由貝萊德（Blackrock）領導的傳統金融機構發行的美國BTC現貨ETF的總資產超過1000億美元；在資產貿易和監護權中-------納斯達克上市的公司Coinbase是ETF的主要保管人。目前缺少的是
