Bitwise Cio Matt Hougan週三，儘管推出了顛簸，唐納德·特朗普總統的戰略加密儲備宣布仍然是對市場的看漲

預備役週日揭幕，包括比特幣BTC/USD，以太坊ETH/USD，SOLANA SOL/USD，RIPPLE XRP/USD和CARDANO ADA/USD

Despite a bumpy rollout and critiques from industry figures over its scope, President Donald Trump’s strategic crypto reserve announcement remains bullish for the market, Bitwise Chief Investment Officer Matt Hougan argued on Wednesday.

儘管唐納德·霍根（Bitwise）首席投資官馬特·霍根（Matt Hougan）週三辯稱，儘管唐納德·特朗普（Donald Trump）總統的戰略加密儲備儲備公告仍然對市場的範圍進行了顛簸和行業數字的批評。

What Happened: Unveiled on Sunday, the reserve—set to include Bitcoin BTC/USD, Ethereum ETH/USD, Solana SOL/USD, Ripple XRP/USD, and Cardano ADA/USD triggered a swift market reaction, with Bitcoin climbing from $85,000 to $95,000 before relinquishing all gains by Monday.

發生的事情是：週日揭幕，預備役 - 包括比特幣BTC/USD，以太坊ETH/USD，Solana Sol/USD，Ripple XRP/USD以及Cardano Ada/USD迅速引發了市場反應，比特幣從85,000美元攀升至$ 95,000，然後在周一的所有收益中重新獲得。

However, while the diverse asset mix drew criticism from crypto luminaries and sparked initial skepticism, Hougan maintains that the policy holds long-term potential, which the market will eventually factor in.

但是，儘管多樣化的資產組合引起了加密貨幣的批評並引發了最初的懷疑主義，但霍根堅持認為，該政策具有長期潛力，市場最終將考慮這一潛力。

In a Tuesday blog post, Hougan addressed the backlash, which included Bitwise CEO Hunter Horsley's tweet on Sunday: "I imagined a Strategic Reserve would be just Bitcoin. That makes the most sense to me... Bitcoin is the undisputed store of value for the digital age."

在周二的博客文章中，霍根（Hougan）在周日的Bitwise首席執行官Hunter Horsley的推文中解決了反彈，其中包括Bitwise Hunter Horsley的推文：“我認為戰略儲備只是比特幣。這對我來說最有意義……比特幣是數字時代無可爭議的價值存儲。”

Horsley's sentiment was shared by Coinbase COIN CEO Brian Armstrong and Castle Island's Nic Carter, who questioned the inclusion of non-Bitcoin assets.

Coinbase Coin Coin首席執行官Brian Armstrong和Castle Island的Nic Carter分享了Horsley的觀點，他們質疑包括非比幣資產的資產。

But Hougan sees the flaws in the announcement as minor compared to its overall bullish implications for Bitcoin and the crypto market.

但是，與對比特幣和加密市場的總體看漲影響相比，霍根認為公告中的缺陷是次要的。

"For all of the flaws in the rollout, the reserve news is bullish," wrote Hougan, adding that the market will factor in the policy's significance.

Hougan寫道：“對於推出的所有缺陷，預備役新聞都是看漲的。”他補充說，市場將考慮該政策的重要性。

Indeed, Bitwise data from CoinGecko tracking crypto assets between February 27 and March 3 shows the initial jolt of the announcement and Bitcoin’s subsequent retreat.

確實，在2月27日至3月3日之間，來自Coingecko跟踪加密資產的位數據顯示了該公告的最初震動和比特幣隨後的撤退。

Hougan attributes the retreat to skepticism over speculative assets like Cardano but predicts a refined outcome.

霍根（Hougan）將撤退歸因於Cardano等投機資產的懷疑主義，但預測了完善的結果。

"This week's announcement—as imperfect as it is—marks the first time the U.S. has ever said that bitcoin is a strategic asset," he noted.

他指出：“本週的宣布是不完美的，標誌著美國有史以來第一次說比特幣是一項戰略資產。”

Also Read: White House Crypto Summit To Feature Roundtable With Industry Leaders Including Michael Saylor

另請閱讀：白宮加密峰會將與包括邁克爾·塞勒（Michael Saylor）在內的行業領導者進行圓桌會議。

What's Next: He expects Friday's White House Crypto Summit, hosted by crypto czar David Sacks, to sharpen the proposal—likely toward a Bitcoin-centric reserve—broadening the policy's global impact.

接下來是：他希望由加密沙皇大衛·薩克斯（Crypto Czar David Sacks）主持的周五的白宮加密峰會（White House Crypto Summit）將提案（Like）提高該政策的全球影響力。

"We will have to wait until Friday to hear the administration's final thoughts on the reserve and what, if any, role the White House sees for crypto in the new Bretton Woods that is being forged in the wake of the war in Ukraine," said Hougan.

霍根說：“我們將不得不等到週五才能聽到政府對預備役的最終想法，以及白宮在烏克蘭戰爭後正在偽造的新布雷頓伍茲（Bretton Woods）中看到加密貨幣的角色。”

"My guess is that the administration will pivot to a more streamlined program focused on Bitcoin, and that the officials will highlight the need for U.S. leadership in the fast-approaching global crypto age."

“我的猜測是，政府將向一個更簡化的計劃轉移到比特幣，官員們將強調在快速吸引的全球加密貨幣時代對美國領導的需求。”

While supportive of the administration's crypto-friendly stance, Horsley expressed a narrower vision in his tweet: "Of course, I'm grateful the new administration is so constructive on the space. Look forward to learning more about the thinking here."

儘管支持政府對加密貨幣友好的立場，但霍斯利在他的推文中表達了一個狹窄的願景：“當然，我很感激新政府對這個空間如此建設性。期待在這裡了解有關思考的更多信息。”

However, Hougan builds on this, arguing that international competition—evident in El Salvador, Bhutan, and Abu Dhabi's Bitcoin acquisitions—could accelerate if the U.S. commits.

然而，霍根（Hougan）以此為基礎，認為國際競爭（在薩爾瓦多，不丹和阿布扎比的比特幣收購）中，如果美國承諾，國際競爭可能會加速。

He also sees political inertia favoring retention over liquidation, stating, "There is asymmetric passion for crypto in this country: There are a significant number of people who love crypto and a relatively small number who hate it."

他還認為，政治慣性偏愛保留而不是清算，並說：“這個國家對加密貨幣有不對稱的熱情：有很多人喜歡加密貨幣，而相對較少的人討厭它。”

Despite the rocky start, Hougan believes the reserve's bullish core will prevail over the cosmetic flaws.

儘管有艱難的開局，但侯甘（Hougan）認為，儲備的看漲核心將在化妝品缺陷中佔上風。