儘管比特幣在金融市場中的存在日益增長，但全球採用仍然相對較低

儘管比特幣在金融市場中的存在日益增長，但全球採用率仍然相對較低，只有4％的全球人口持有BTC。

Despite Bitcoin's (BTC) increasing footprint in financial markets, a new report from Bitcoin financial services firm River indicates that global adoption remains relatively low, with only 4% of the world's population currently holding the digital asset.

儘管比特幣（BTC）在金融市場上的佔地面積增加，但比特幣金融服務公司河的一份新報告表明，全球採用率仍然相對較低，目前只有4％的全球人口持有數字資產。

The U.S. leads in Bitcoin ownership, with an estimated 14% of individuals in the country holding BTC, according to the report titled "Bitcoin Futures: The Final Frontier." Other regions, such as Canada and China, show varying degrees of adoption, ranging from 10% to 1.6%.

根據標題為“比特幣期貨：最終邊界”的報告，美國占據了比特幣所有權的領導，據估計該國擁有BTC的個人有14％。加拿大和中國等其他地區的收養程度不同，範圍從10％到1.6％。

Among major economic zones, North America showcases the highest adoption rates among both individuals and institutions, while Africa lags behind, with 1.6% of the population engaging with Bitcoin.

在主要的經濟區中，北美展示了個人和機構中最高的採用率，而非洲則落後，其中1.6％的人口與比特幣接觸。

Moreover, River's analysis suggests that Bitcoin's overall adoption is still in its infancy, reaching just 3% of its potential global adoption level. This calculation considers Bitcoin's total addressable market, encompassing institutional participation, corporate holdings, and government allocations—currently minimal, amounting to just 1%.

此外，River的分析表明，比特幣的整體採用仍處於起步階段，僅佔其潛在全球採用水平的3％。該計算考慮了比特幣的總可尋址市場，包括機構參與，公司持有和政府的分配，目前最少，僅1％。

Furthermore, the firm notes that institutions and individual ownership rates are likely understated in its assessment, further highlighting the significant potential for Bitcoin adoption to increase.

此外，該公司指出的是，機構和個人所有權率可能在評估中被低估了，進一步強調了比特幣採用的巨大潛力增加。

As the administration pivots toward crypto, economists warn of the risks to U.S. financial dominance.

隨著政府對加密貨幣的樞紐，經濟學家警告說，美國財務上的統治地位。

The Trump administration's surprising pivot toward cryptocurrencies could have major implications for the U.S. dollar and the country's financial standing in the long term, according to economists.

經濟學家稱，特朗普政府對加密貨幣的驚人樞紐可能會對美元和該國的長期財務狀況產生重大影響。

During his presidency, Trump expressed skepticism towards Bitcoin and other digital currencies, famously comparing them to "a scam" and linking them to illegal activity. However, in the final months of his term, there was a shift in attitude.

在擔任總統期間，特朗普對比特幣和其他數字貨幣表示懷疑，將其與“騙局”進行了比較，並將其與非法活動聯繫起來。但是，在任期的最後幾個月中，態度發生了變化。

This change was partly due to the influence of economists like Steve Mnuchin, who came to view crypto as a potential tool for U.S. financial innovation and dominance.

這一變化部分是由於史蒂夫·姆努欽（Steve Mnuchin）等經濟學家的影響，後者將加密貨幣視為美國金融創新和主導地位的潛在工具。

With China clamping down on crypto and showing interest in its own digital currency, Mnuchin and other administration officials began to see an opportunity for the U.S. to take the lead in the evolving landscape of money.

隨著中國對加密貨幣的限制並表現出對自己的數字貨幣的興趣，姆努欽和其他行政官員開始為美國提供了一個帶頭髮展中不斷發展的貨幣景觀的機會。

This pivot was also driven by bipartisan support in Congress for crypto regulation and the growing mainstream acceptance of Bitcoin and other digital assets.

該樞紐還受到國會對加密監管的兩黨支持以及對比特幣和其他數字資產的主流接受的越來越多的驅動的。

While the administration did not introduce any significant legislation on crypto during Trump's term, the administration officials' statements and actions suggest a growing awareness of the importance of crypto in the U.S. financial system.

雖然政府在特朗普任期內沒有對加密貨幣提出任何重要的立法，但政府官員的陳述和行動表明，人們對加密在美國金融體系中的重要性越來越認識。

This pivot could have lasting consequences for the dollar and the U.S. financial system, economists say.

經濟學家說，這個樞軸可能會對美元和美國金融體系產生持久的後果。

"If the U.S. does not adapt to the changing tides of finance and technology, it could lose its status as the world's leading economic power," said Paul Krugman, Nobel laureate in economics.

諾貝爾經濟獎獲得者保羅·克魯格曼（Paul Krugman）表示：“如果美國不適應金融和技術的變化潮流，它可能會失去其作為世界領先的經濟力量的地位。”

Krugman and other economists have argued that the dollar's dominance is largely based on a "network effect"—a self-reinforcing cycle where more people using the dollar leads to even more adoption.

克魯格曼（Krugman）和其他經濟學家認為，美元的統治地位主要基於“網絡效應”，這是一個自我增強的周期，越來越多的人使用美元的人會導致更多的採用。

However, they say this dominance is not guaranteed and could be threatened by new technologies and economic shifts.

但是，他們說這種主導地位不能保證，可能會受到新技術和經濟轉變的威脅。

"The U.S. is not immune to the same forces that have toppled empires throughout history," said Michael Pilhoffer, an economist at Deutsche Bank.

德意志銀行的經濟學家邁克爾·皮爾霍夫（Michael Pilhoffer）說：“美國並不能免疫在整個歷史上都推翻帝國的力量。”

Pilhoffer and other economists say that China's economic rise and technological advancements pose a challenge to U.S. financial hegemony.

皮爾霍夫（Pilhoffer）和其他經濟學家說，中國的經濟崛起和技術進步對美國金融霸權構成了挑戰。

China has been investing heavily in research and development, and its technological capabilities are rapidly catching up to those of the U.S., they add.

他們補充說，中國一直在研究和發展上投入大量投資，其技術能力正在迅速趕上美國。

"If China manages to create a successful digital currency and gains significant global adoption, it could siphon off demand for the dollar and reduce the U.S.'s influence in the global financial system," Pilhoffer explained.

Pilhoffer解釋說：“如果中國設法建立了成功的數字貨幣並獲得了大量的全球採用，那麼它可能會減少對美元的需求，並減少美國在全球金融體系中的影響力。”

This scenario could unfold if major institutions and countries decide to hold a portion of their reserves in the Chinese digital currency, diverting some of the demand currently directed towards the dollar.

如果主要的機構和國家決定以中國數字貨幣持有部分儲備，將目前針對美元的一些需求轉移到了中國數字貨幣，則可能會發生這種情況。

"It would be a gradual process of erosion, not an immediate collapse," Pilhoffer noted.

皮爾霍夫指出：“這將是逐漸侵蝕的過程，而不是立即崩潰的過程。”

The Trump administration's pivot towards crypto might be a desperate attempt to retain U.S. financial dominance in the face of these challenges.

在面對這些挑戰時，特朗普政府對加密貨幣的樞紐可能是拼命的努力。

But some economists remain skeptical.

但是一些經濟學家仍然持懷疑態度。

"It's a bit late in the game," said Lawrence Summers, former U.S. Treasury secretary. Summers is skeptical that crypto can solve the major macroeconomic problems that the world economy faces.

前美國財政部長勞倫斯·薩默斯（Lawrence Summers）說：“在比賽中有點晚。”薩默斯對加密可以解決世界經濟面臨的主要宏觀經濟問題。

"We're in the midst of a debt crisis, a productivity downturn, and climate change—problems that require large-scale government intervention and cooperation, not a new class of financial assets."

“我們正處於債務危機，生產力的低迷和氣候變化的境地，這需要大規模的政府乾預和合作，而不是新的金融資產。”

Despite these concerns, the Trump administration's pivot towards crypto signals a growing recognition in the U.S. of the importance of innovation and adaptation in maintaining economic leadership. As the world financial order continues to evolve, the role of crypto will undoubtedly be a subject of ongoing debate and analysis among economists and policymakers.output: Despite Bitcoin's (BTC) increasing footprint in financial markets, a new report from Bitcoin financial services

儘管有這些擔憂，但特朗普政府對加密貨幣的樞紐表示，在美國，人們對創新和適應在維持經濟領導方面的重要性越來越多。隨著世界金融秩序的不斷發展，加密貨幣的作用無疑將成為經濟學家和政策制定者之間正在進行的辯論和分析的主題。外面：儘管比特幣（BTC）在金融市場中增加了足跡，但比特幣金融服務的新報告