唐納德·川普對加密貨幣行業做出了承諾。他能保留它們嗎？

唐納德·川普做出了很多令加密貨幣行業興奮的承諾。川普在納許維爾舉行的比特幣會議上發表演說時表示，他將

Donald Trump has made several promises that have excited the crypto industry. Speaking at the Bitcoin conference in Nashville, Trump said he would establish a national Bitcoin reserve and fire Gary Gensler, the Chair of the Securities and Exchange Commission (SEC) on “day one” of his presidency.

唐納德·川普做出了多項令加密貨幣行業興奮的承諾。川普在納許維爾舉行的比特幣會議上發表演說時表示，他將建立國家比特幣儲備，並在就任總統的「第一天」解僱美國證券交易委員會（SEC）主席加里·詹斯勒（ Gary Gensler）。

We know now that he won’t be firing Gensler, as the most disliked man in crypto announced in late November that he is stepping down as chair on January 20.

我們現在知道他不會解僱 Gensler，因為加密貨幣領域最不受歡迎的人 Gensler 在 11 月底宣布他將於 1 月 20 日辭去董事長職務。

Bitcoin Made in The USA?

比特幣是美國製造的？

And there’s another promise Trump made that seems difficult to keep. In June of 2024, Trump made a pledge on his Truth Social to support the crypto industry after meeting with crypto miner executives at Mar-a-Lago.

川普做出的另一個承諾似乎很難兌現。 2024 年 6 月，川普在海湖莊園與加密貨幣礦商高層會面後，在他的 Truth Social 上承諾支持加密貨幣產業。

This marked a shift from being a sceptic to becoming an ally of the industry, when Trump said he wants “all remaining Bitcoin to be made in the USA”.

當川普表示他希望「所有剩餘的比特幣都在美國製造」時，這標誌著從懷疑論者到成為該行業盟友的轉變。

It’s not clear if Trump actually meant this to be taken literally or if it was just a…token of support, but it’s certainly not something one person would be able to decide and implement by themselves – given the decentralised nature of BTC.

目前尚不清楚川普是否真的想從字面上理解這一點，或者這只是一種……支持的象徵，但考慮到比特幣的去中心化性質，這肯定不是一個人能夠自己決定和實施的事情。

According to a Bloomberg report, even if Trump tried, it wouldn’t be as straightforward as the president-elect may have hoped it to be.

根據彭博社報道，即使川普嘗試，也不會像當選總統希望的那麼簡單。

The report highlighted that, while billions flow into Bitcoin mining in the United States, US-based miners account for “well below 50%”. Experts believe the US mining industry wouldn’t have the capacity to run the entire network, with mining equipment sales ratcheting up in Asia, Africa and the Middle East.

該報告強調，雖然數十億美元流入美國的比特幣挖礦，但美國礦工的佔比「遠低於 50%」。專家認為，隨著亞洲、非洲和中東的採礦設備銷售不斷增加，美國採礦業將沒有能力運作整個網路。

Chief executive of Synteq Digital, Taras Kulyk, told Bloomberg that “there is huge growth coming up in a few different markets”.

Synteq Digital 執行長Taras Kulyk 告訴彭博社，「一些不同的市場正在出現巨大的成長」。

There’s also China of course, which has seen an increase in mining activity. Elsewhere, Kazakhstan and Russia are also seeing something of a renaissance in crypto mining, with the latter loosening its regulatory stance on crypto.

當然還有中國，其採礦活動增加。在其他地方，哈薩克和俄羅斯也看到了加密貨幣挖礦的復興，後者放鬆了對加密貨幣的監管立場。

Trump Wants US to Be “Ahead”, Especially of China

川普希望美國“領先”，尤其是中國

The report also highlights cheap energy in Africa, mainly from hydropower, as a factor for higher profit margins compared to markets with higher energy costs.

報告也強調，與能源成本較高的市場相比，非洲的廉價能源（主要來自水力發電）是利潤率較高的一個因素。

And then there’s the potential for a trade war with China, which produces most of the mining equipment, which would make mining even more costly.

此外，還有可能與中國爆發貿易戰，因為大部分採礦設備都由中國生產，這將使採礦成本更高。

While it’s unlikely that Trump can deliver on this particular promise, he has certainly caused a lot of euphoria in the crypto sector. After all, Bitcoin has rallied since Trump was re-elected on November 5, making a new all-time high on December 18 at US$108,268.45 (AU$174,032.63).

雖然川普不太可能兌現這一特定承諾，但他確實在加密貨幣領域引起了很大的興奮。畢竟，自川普於 11 月 5 日連任以來，比特幣一直在上漲，並於 12 月 18 日創下歷史新高，達到 108,268.45 美元（174,032.63 澳元）。

While that rally has slowed for now, many in the industry are optimistic for 2025 and beyond. Especially given the recent hints by Trump that his administration has ambitious plans for Bitcoin and Co, telling CNBC:

儘管目前漲勢已經放緩，但業內許多人對 2025 年及以後持樂觀態度。特別是考慮到川普最近暗示他的政府對比特幣和公司有雄心勃勃的計劃，他告訴 CNBC：