唐納德·川普關於設立 900 億美元比特幣儲備的提議引發了金融專家的爭論

安東尼·龐普里亞諾 (Anthony Pompliano) 等倡導者稱這是對抗不丹和薩爾瓦多等國家日益增長的加密貨幣影響力的重要一步，而批評者則質疑其可行性和影響力。

Donald Trump’s proposal to establish a $90 billion U.S. Bitcoin reserve has sparked a heated debate among financial experts. While advocates like Anthony Pompliano argue that the move is crucial to counter the growing crypto influence of nations like Bhutan and El Salvador, critics remain skeptical about its feasibility and impact.

唐納德·川普提議設立 900 億美元的美國比特幣儲備，引發了金融專家的激烈爭論。儘管 Anthony Pompliano 等倡導者認為此舉對於對抗不丹和薩爾瓦多等國家日益增長的加密貨幣影響力至關重要，但批評者仍然對其可行性和影響持懷疑態度。

Bhutan and El Salvador have already integrated Bitcoin into their national reserves, highlighting the strategic importance of establishing a U.S. Bitcoin Reserve, according to Anthony Pompliano, founder and CEO of Professional Capital Management, as reported by Coingape.

根據 Coingape 報導，專業資本管理公司創始人兼執行長 Anthony Pompliano 表示，不丹和薩爾瓦多已經將比特幣納入其國家儲備，這凸顯了建立美國比特幣儲備的戰略重要性。

Despite Bhutan's current status as a small global economy, its aggressive approach toward Bitcoin could propel it to become a major economy in the future, Pompliano noted, emphasizing the need for immediate action within the U.S. Notably, Bhutan's Bitcoin holdings recently surpassed the $1 billion mark.

Pompliano 指出，儘管不丹目前是一個小型全球經濟體，但其對比特幣的積極態度可能會推動其成為未來的主要經濟體，並強調美國需要立即採取行動。幣持有量最近超過了10 億美元大關。

The market analyst further highlighted El Salvador's potential to become a world economy as a result of its exposure to Bitcoin. When asked to elaborate on the necessity of the Bitcoin reserve, Pompliano stated:

市場分析師進一步強調了薩爾瓦多因其對比特幣的投資而有成為世界經濟體的潛力。當被要求詳細說明比特幣儲備的必要性時，Pompliano 表示：

“This asset (Bitcoin) is so asymmetric. If it continues to propel, it will translate into billions of dollars on their balance sheets while the US struggles with a growing national debt.”

「這種資產（比特幣）非常不對稱。如果它繼續推進，它們的資產負債表上將轉化為數十億美元，而美國則在與不斷增長的國債作鬥爭。

During a speech at a Bitcoin conference in July, ahead of the election, Donald Trump mentioned that the U.S. would be keeping all of its Bitcoins to create a U.S. Bitcoin Reserve for the "good of all Americans."

唐納德·川普在 7 月大選前的比特幣會議上發表演講時提到，美國將保留所有比特幣，為「所有美國人的利益」創建美國比特幣儲備。

While the outcome remains uncertain, the concept evolved into what crypto enthusiasts now refer to as a strategic U.S. Bitcoin reserve; some, such as Senator Cynthia Lummis, have even proposed selling gold to acquire up to 1 million Bitcoins. With such a Bitcoin reserve, the United States would dominate the Bitcoin economy, which is currently valued at almost $90 billion at today's market prices.

儘管結果仍不確定，但這個概念已演變為加密貨幣愛好者現在所說的美國比特幣戰略儲備；有些人，例如參議員辛西婭·魯米斯（Cynthia Lummis），甚至提議出售黃金來購買最多 100 萬個比特幣。有了這樣的比特幣儲備，美國將主導比特幣經濟，以當今的市場價格計算，比特幣目前的價值接近 900 億美元。

The idea behind a Strategic U.S. Bitcoin Reserve is to create a government-held asset that can bolster the economy during financial turbulence.

美國戰略比特幣儲備背後的想法是創建一種政府持有的資產，可以在金融動盪期間提振經濟。

Given its decentralized and scarce nature, a BTC reserve could serve as a valuable tool in the fight against inflation, currency devaluation, and global economic instability. Donald Trump's stance aligns with the rising trend of governments embracing Bitcoin as a "digital gold" and its appeal among nations seeking financial independence.

鑑於其去中心化和稀缺性，比特幣儲備可以成為對抗通貨膨脹、貨幣貶值和全球經濟不穩定的寶貴工具。唐納德·川普的立場與政府將比特幣視為「數位黃金」的日益增長的趨勢及其對尋求金融獨立的國家的吸引力是一致的。

Highlighting the disparity between Bitcoin's and gold's market capitalizations, which currently stand at $1.7 trillion and $17 trillion, respectively, Pompliano drew a comparison between the two. He predicted that Bitcoin's market capitalization would surpass gold's due to its superiority as a digital store of value.

Pompliano 強調了比特幣和黃金市值之間的差距（目前分別為 1.7 兆美元和 17 兆美元），並對兩者進行了比較。他預測，由於比特幣作為數位價值儲存手段的優越性，其市值將超過黃金。

Institutions are always outpacing their analog counterparts in the digital realm, according to Pompliano. He argued that protecting money from inflation and currency devaluation is a global concern that Bitcoin's primary use case—storing value—solves. According to him, Bitcoin offers a deflationary, capped alternative to fiat currencies that nations and individuals may choose from, while central banks are always devaluing them.

龐普里亞諾表示，機構在數位領域總是超越類比同行。他認為，保護貨幣免受通貨膨脹和貨幣貶值的影響是全球關注的問題，而比特幣的主要用例（儲存價值）可以解決這個問題。據他介紹，比特幣提供了一種通貨緊縮的、有上限的法定貨幣替代品，可供國家和個人選擇，而央行總是在貶值它們。

Pompliano went on to explain how that could be a secondary effect of Trump's plan to establish a U.S. Bitcoin reserve.

龐普里亞諾接著解釋了這可能是川普建立美國比特幣儲備計畫的次要影響。

If the federal government is willing to invest in Bitcoin, then all levels of government should follow suit. “You’re sitting with cash that's guaranteed to lose value. Sitting in 100% cash is the wrong answer if you want to fulfill your fiduciary duty,” he claimed.

如果聯邦政府願意投資比特幣，那麼各級政府都應該效法。 「你持有的現金一定會貶值。如果你想履行你的信託義務，持有 100% 現金是錯誤的答案，」他聲稱。

Pointing to MicroStrategy's performance under Michael Saylor's leadership, which included the acquisition of 27,200 BTC, he claimed that massive institutional investment in Bitcoin shielded investors against inflation. Furthermore, Pompliano urged governments worldwide to "get off zero" and consider allocating at least one percent of their budget to Bitcoin.

在談到 MicroStrategy 在 Michael Saylor 領導下的表現（包括收購 27,200 BTC）時，他聲稱對比特幣的大規模機構投資可以保護投資者免受通貨膨脹的影響。此外，Pompliano 敦促世界各國政府“擺脫零”，並考慮將至少 1% 的預算分配給比特幣。

Despite President-elect Donald Trump's proposal, billionaire Galaxy Digital CEO Michael Novogratz expressed doubt about the idea of strategically adopting a U.S. Bitcoin reserve. He was adamant that the Bitcoin reserve would not materialize under Trump.

儘管當選總統唐納德·川普提出了這一提議，但億萬富翁 Galaxy Digital 執行長 Michael Novogratz 對戰略性採用美國比特幣儲備的想法表示懷疑。他堅信，在川普的領導下，比特幣儲備不會實現。

However, he did acknowledge the potential strategic benefit of such a move. “It would be very smart for the United States to take the Bitcoin they have and maybe add some to it,” he suggested. “That would signal to the world that we are a technology-first country, a crypto, digital asset-first country. I don't necessarily think that the dollar needs anything to back it up, but it would make a statement.”

然而，他確實承認此舉的潛在戰略利益。 「對美國來說，拿走他們擁有的比特幣並可能添加一些比特幣是非常明智的做法，」他建議。 「這將向世界表明我們是一個技術第一的國家，一個加密貨幣、數位資產第一的國家。我不一定認為美元需要任何東西來支撐，但它會做出一個聲明。

Bitcoin Hits Record $90,291 Amid Reserve Speculation

比特幣在儲備投機中創下 90,291 美元的紀錄

According to Novogratz, the establishment of a U.S. Bitcoin reserve would result in a substantial price increase for Bitcoin. “If we get the BTC reserve, as a guy who owns a lot of Bitcoin, I won't cry,” he joked. “I think Bitcoin heads to $500,000. It's a different paradigm because it forces every

諾沃格拉茨表示，美國比特幣儲備的建立將導致比特幣價格大幅上漲。 「如果我們得到比特幣儲備，作為一個擁有大量比特幣的人，我不會哭，」他開玩笑說。 「我認為比特幣將達到 50 萬美元。這是一個不同的範式，因為它迫使每個人