唐納德·特朗普（Donald Trump）承諾創建“戰略性國家比特幣儲備”

在7月在納什維爾舉行的比特幣會議上，唐納德·特朗普（Donald Trump）承諾創建“戰略性國家比特幣儲備”。到3月2日星期日上午，該儲備還包括Ether（ETH），XRP，Solana（Sol）和Cardano（ADA）以及比特幣（BTC）。

At the Bitcoin Conference in Nashville in July, Donald Trump pledged to create a “strategic national bitcoin reserve.”

在7月在納什維爾舉行的比特幣會議上，唐納德·特朗普（Donald Trump）承諾創建“戰略性國家比特幣儲備”。

By Sunday morning March 2, that reserve also included ether (ETH), XRP, Solana (SOL) and Cardano (ADA) alongside bitcoin (BTC).

到3月2日星期日上午，該儲備還包括Ether（ETH），XRP，Solana（Sol）和Cardano（ADA）以及比特幣（BTC）。

Trump’s message on Truth Social said his presidential working group was making progress on creating the larger-scope crypto reserve, igniting a torrent of feedback from across the crypto community.

特朗普關於真相的信息社會表示，他的總統工作組正在進步，在創建更大的加密保護區，點燃了來自加密貨幣社區的大量反饋。

Many complained that the reserve isn’t just sticking to bitcoin. Others asked if the U.S. should be stockpiling tokens like XRP and Cardano at all. Others wondered what might have changed Trump’s mind. Trump said he wanted to make the U.S. the “crypto capital of the world” and his timing seemed aimed at retail traders. “I love the genius of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps. For the first time, retail investors win,” tweeted Trump’s son, Eric Trump, Sunday night.

許多人抱怨說，儲備金不僅要堅持比特幣。其他人問美國是否應該像XRP和Cardano這樣的庫存令牌。其他人想知道可能會改變特朗普的想法。特朗普說，他想讓美國成為“世界的加密之都”，他的時機似乎是針對零售商人的。 “我喜歡在周日宣布傳統市場和華爾街睡覺時宣布戰略儲備的天才。散戶投資者第一次獲勝。

The assets’ prices rose almost immediately, with ADA benefitting in particular. Still, there’s a lot we don’t know about the “Crypto Strategic Reserve.”

資產的價格幾乎立即上漲，ADA尤其受益。儘管如此，我們對“加密戰略儲備”的了解很多。

Trump’s Sunday morning message was the first time the administration had said there would be five assets in the portfolio. Beyond that, details are sketchy. Here are some big questions.

特朗普的周日早晨消息是政府第一次說投資組合中將有五個資產。除此之外，細節是粗略的。這是一些大問題。

1. Is he serious?

1。他是認真的嗎？

The U.S. already owns more than 200,000 BTC which was claimed through administrative warrants and forfeiture over several years. Experts say this could be the basis for a National Reserve without Congressional approval. But a multi-coin crypto reserve would surely require Congress to pass legislation.

美國已經擁有超過200,000 BTC，這是通過行政認股權證和幾年中沒收的。專家說，這可能是未經國會批准的國家預備役的基礎。但是，多芯加密保護區肯定會要求國會通過立法。

Wyoming Senator Cynthia Lummis has proposed legislation that would see the U.S. buy $20 billion in the first year, and 20,000 more BTC in each of the following four years to take the U.S. stockpile to one million BTC. Lummis’s views on the now-expanded multi-coin reserve are unknown. She was planning to meet with industry leaders to discuss the matter on March 11. Will she now propose different legislation?

懷俄明州參議員辛西婭·盧米斯（Cynthia Lummis）提出了立法，該立法將使美國在第一年購買200億美元，而在接下來的四年中，美國將增加20,000 BTC，以將美國股票帶到100萬BTC。 Lummis對現在擴展的多芯儲備的看法尚不清楚。她打算與行業領導人會面，在3月11日討論此事。她現在會提出不同的立法嗎？

The other, subsidiary question is how the U.S. might pay for the expanded portfolio. Crypto is publicly traded and has a public price. It’s not clear from Trump’s message whether his administration will seek a new spending appropriation. Could the U.S. sell gold to buy crypto? We don’t know.

另一個子公司問題是美國如何為擴大的投資組合付費。加密貨幣公開交易，有公共價格。從特朗普的信息中不清楚他的政府是否會尋求新的支出撥款。美國可以出售黃金購買加密貨幣嗎？我們不知道。

2. Why Include Solana, XRP and Cardano? Will There Be Others?

2。為什麼包括Solana，XRP和Cardano？會有其他嗎？

As many on X have noted, there are logical reasons to include bitcoin in a strategic reserve. “We're talking about a reserve, and Bitcoin is the undisputed store of value for the digital age,” noted Hunter Horsely, the CEO of Bitwise. Bitcoin is “digital gold” and BTC’s “dominance” of the market is still north of 60%. BTC is the first asset any holder holds.

正如X上的許多人所指出的那樣，有邏輯上的理由將比特幣包括在戰略儲備中。 Bitwise首席執行官Hunter Horsely指出：“我們正在談論的儲備金，比特幣是數字時代無可爭議的價值存儲。”比特幣是“數字黃金”，BTC在市場上的“優勢”仍在60％的北部。 BTC是任何持有人持有的第一資產。

It’s harder to make a straightforward case for the other coins. For example, Cardano, with a dominance of 1.1%, is best known as an environment to build decentralized applications (dApps). It doesn’t have ETFs like bitcoin and ether and isn’t accepted by TradFi to nearly the same extent.

為其他硬幣製作簡單的案例是很難的。例如，Cardano佔1.1％的Cardano是建立分散應用程序（DAPP）的環境。它沒有像比特幣和乙醚之類的ETF，而Tradfi的程度幾乎沒有被Tradfi接受。

The five coins are being chosen for two different reasons. BTC and ETH are fully decentralized. Solana, XRP and Cardano are Made in America, and Trump may be including them to promote the U.S. crypto industry. Trump’s announcement seemed to leave open the possibility that the reserve could include other coins in the future.

選擇了五枚硬幣是出於兩個不同的原因。 BTC和ETH已完全分散。 Solana，XRP和Cardano是在美國製造的，特朗普可能將它們包括在內，以促進美國加密貨幣行業。特朗普的宣布似乎使該儲備在將來可能包含其他硬幣的可能性敞開了大門。

3. Will the States Follow Suit?

3。各州會效仿嗎？

CoinDesk’s Jesse Hamilton wrote recently that up to 22 states are considering creating their own crypto reserves, mostly in bitcoin. Will they now consider a wider range of assets?

Coindesk的傑西·漢密爾頓（Jesse Hamilton）最近寫道，多達22個州正在考慮創建自己的加密儲備，主要是在比特幣中。他們現在會考慮更廣泛的資產嗎？

4. Will Crypto Support It?

4。加密貨幣會支持嗎？

The reaction to Trump’s announcement across professional crypto was tepid-to-critical. Trump announced the reserve at Nashville aiming to please his audience. But today it’s not clear that the crypto industry is 100% behind his plan to bring the reserve about. If the measure gets pushback in Congress, the administration will need industry support, so that might be a worry for its backers. Certainly, Polymaket bettors are skeptical that the reserve will come about soon.

對特朗普在專業加密貨幣的宣布的反應是至關重要的。特朗普宣佈在納什維爾的保護區，目的是取悅他的聽眾。但是今天，目前尚不清楚加密貨幣行業100％落後於他的預備役計劃。如果該措施在國會中得到阻礙，則政府將需要行業支持，因此這可能會使其支持者感到擔憂。當然，Polymaket Bettors對儲備很快就會出現持懷疑態度。