薩爾瓦多的比特幣賭博：採用國家加密貨幣的案例研究

薩爾瓦多（El Salvador）成為世界上第一個接受比特幣作為法定貨幣的國家，該國家在2021年這樣做。

El Salvador has become the first country in the world to accept Bitcoin as legal tender, a move that has been met with mixed reactions from financial organizations and investors, as well as the population of El Salvador itself.

埃爾·薩爾瓦多（El Salvador）已成為世界上第一個接受比特幣作為法定貨幣的國家，這一舉動與金融組織和投資者以及薩爾瓦多本身的人口相遇的混合反應相遇。

President Nayib Bukele's administration has made the Central American country a leading nation in the acceptance of cryptocurrencies on a national scale, promising financial accessibility alongside economic sovereignty and technological progress. However, this pioneering step has led to uneven results over time, as the economic environment in El Salvador continues to be defined by both opportunity and obstacle.

總統納伊布·布克勒（Nayib Bukele）的政府使中美洲國家成為國家規模接受加密貨幣的領先國家，並有望在經濟主權和技術進步以及經濟上的財務上訪問。但是，隨著時間的流逝，這一開創性的步驟導致了不平衡的結果，因為薩爾瓦多的經濟環境繼續由機會和障礙來定義。

A Nation's Integration with Bitcoin

一個國家與比特幣的整合

El Salvador began implementing Bitcoin due to several key driving factors. The nation, heavily reliant on remittances from foreign workers, sought to reduce both costs and the speed of international financial transfers. Financial experts also promoted Bitcoin as an accessible digital financial tool that would break down banking restrictions, allowing people with limited access to join the modern monetary system.

由於多個關鍵驅動因素，埃爾·薩爾瓦多（El Salvador）開始實施比特幣。這個國家在很大程度上依賴外國工人的匯款，試圖降低成本和國際金融轉移的速度。金融專家還將比特幣作為一種可訪問的數字財務工具，將破壞銀行業務的限制，使訪問權限有限的人加入現代貨幣系統。

The actual use of Bitcoin has proven to be more difficult than its promising objectives. The government's initiative to create the Chivo Wallet encountered problems such as technical issues and reports of fraud, while facing a lack of understanding from users. Businesses were also hesitant to integrate Bitcoin due to its unstable value, and the public expressed reservations about holding financial assets in something that could rapidly lose value.

事實證明，比特幣的實際使用比其有前途的目標更加困難。政府創建Chivo Wallet的倡議遇到了諸如技術問題和欺詐報告等問題，同時面臨用戶缺乏了解。由於其價值不穩定，企業也不願整合比特幣，公眾表示保留對可能會迅速失去價值的財務資產的保留。

Initial Hype and Global Scrutiny

最初的炒作和全球審查

The world's media turned its attention to Bitcoin as El Salvador declared it legal tender for currency transactions. This revolutionary approach to financial sovereignty earned the support of some observers, who banded together in solidarity. However, many more grouped together among critics due to their concerns about the economic volatility stemming from the use of digital money. The IMF and the World Bank raised several concerns about Bitcoin adoption, citing issues of stability and regulatory concerns targeting money laundering operations.

由於埃爾·薩爾瓦多（El Salvador）宣布其貨幣交易法定招標，因此世界媒體將注意力轉移到了比特幣上。這種革命性的金融主權方法贏得了一些觀察者的支持，他們團結一致。但是，由於他們對使用數字貨幣的使用引起的經濟波動的擔憂，因此更多的批評家之間的批評家組合在一起。國際貨幣基金組織和世界銀行引起了對比特幣採用的幾個問題，理由是針對洗錢業務的穩定問題和監管問題。

The Salvadoran government reinforced its commitment to cryptocurrencies by making a second purchase of digital money. Through social media, President Bukele responded to critics of Bitcoin and highlighted the advantages it offers. During price dips, the administration acquired Bitcoin, which, according to the administration, would lead to a national profit from the increase in cryptocurrency value. However, the government suffered significant financial losses due to the devaluation of Bitcoin in 2022, undermining the feasibility of its future investment project.

薩爾瓦多政府通過第二次購買數字資金來加強對加密貨幣的承諾。通過社交媒體，布克爾總統對比特幣的批評者做出了回應，並強調了它所提供的優勢。在價格下跌期間，政府收購了比特幣，根據政府的說法，該比特幣將從加密貨幣價值的增加中獲得全國利潤。但是，由於比特幣在2022年貶值，政府遭受了重大的財務損失，這破壞了其未來投資項目的可行性。

Economic Challenges and Public Sentiment

經濟挑戰和公眾情緒

The financial effects of using Bitcoin emerged as a central point of discussion among the public. The government had anticipated that Bitcoin would bring foreign investments alongside an increase in tourism, but these targeted benefits did not materialize. Some businesses supported the idea, while most entrepreneurs avoided transactions with this volatile currency. Salvadorans did not fully embrace the Bitcoin initiative, as the government provided $30 in Bitcoin to anyone who signed up for the Chivo Wallet, but adoption numbers fell below expectations.

使用比特幣的財務影響是公眾之間討論的中心點。政府預計比特幣將帶來外國投資，而旅遊業的增加，但這些有針對性的收益並未實現。一些企業支持這個想法，而大多數企業家都避免了這種波動貨幣的交易。薩爾瓦多人沒有完全接受比特幣倡議，因為政府向簽署Chivo Wallet的任何人提供了30美元的比特幣，但收養數字低於預期。

Public opinion expressed mixed views on the implementation of this initiative. Some Salvadorans believed that Bitcoin represented two potential advantages for investment purposes or for sending money internationally, but other residents saw it as an unnecessary risk. Opposition to the policy began to form when critics of the government claimed that the administration was favoring a risky monetary tool instead of addressing issues like employment and the lack of healthcare and education. Everyday users struggled to use Bitcoin due to its unpredictable value, leading them to choose cash along with traditional banking methods for transactions.

公眾輿論對實施這項倡議表達了不同的看法。一些薩爾瓦多人認為，比特幣代表了兩個潛在的優勢出於投資目的或在國際上匯款，但其他居民則認為這是不必要的風險。當政府的批評者聲稱政府贊成有風險的貨幣工具，而不是解決諸如就業和缺乏醫療保健和教育等問題時，反對政策的反對開始形成。由於其不可預測的價值，每天都在努力使用比特幣，這使他們選擇現金以及傳統的交易銀行方式。

Infrastructure and Legislative Push

基礎設施和立法

As part of its effort to incorporate Bitcoin into national economic operations, the Salvadoran administration initiated several infrastructure development initiatives. The development team proposed building a tax-free futuristic city powered by geothermal energy from volcanic sources. The proposed city was to serve as a global center for blockchain development to recruit cryptocurrency investors and entrepreneurs. The plans for Bitcoin City were an ambitious concept that never moved beyond the conceptual stage into concrete development.

作為將比特幣納入國家經濟運營中的努力的一部分，薩爾瓦多政府發起了多項基礎設施發展計劃。開發團隊提議建造一個由火山源的地熱能提供支持的免稅未來派城市。擬議的城市將成為區塊鏈開發中心，以招募加密貨幣投資者和企業家。比特幣城的計劃是一個雄心勃勃的概念，從未超越概念階段進入具體的發展。

El Salvador has established new legislative procedures that have reinforced its role as a crypto-friendly country. The government has formed guidelines through regulatory actions that have enabled investments in Bitcoin bonds for potential blockchain-based financing purposes. This commitment to leading cryptocurrency adoption through these measures has revealed both the opportunities and challenges of establishing digital assets as a sustainable economic factor in national economies.

埃爾·薩爾瓦多（El Salvador）建立了新的立法程序，這些程序加強了其作為加密貨幣友好國家的作用。政府通過監管行動制定了指南，從而使比特幣債券投資於潛在的基於區塊鏈的融資目的。通過這些措施採用領先的加密貨幣採用的承諾既揭示了將數字資產作為國民經濟中的可持續經濟因素建立的機遇和挑戰。

Lessons Learned and Future Prospects

經驗教訓和未來的前景

The experience of implementing Bitcoin in El Salvador has provided valuable insights for both supporters and skeptics of central bank cryptocurrency adoption policies. The main lesson learned is that technological innovation does not automatically translate into mass adoption success. The general population requires education and proper infrastructure development to feel confident in using digital financial systems. Public doubts about Bitcoin adoption grew after the government pursued Bitcoin adoption without providing sufficient financial education programs.

在薩爾瓦多實施比特幣的經驗為中央銀行加密貨幣採用政策的支持者和懷疑論者提供了寶貴的見解。汲取的主要教訓是，技術創新不會自動轉化為大規模收養成功。普通人群需要教育和適當的基礎設施發展，以使使用數字金融系統有信心。公眾對比特幣採用的懷疑後，政府在沒有提供足夠的金融教育計劃的情況下採用比特幣。

Economic stability works as a fundamental lesson learned from this experience. Bitcoin has lost value unpredictably, creating problems for citizens trying to use it as everyday currency. BTC operates differently from fiat money because it remains outside central bank oversight while existing in a decentralized market with significant price volatility. Insufficient stability has turned Bitcoin into an ineffective legal tender for routine transactions.

經濟穩定是從這一經驗中學到的基本教訓。比特幣已經不可預測地失去了價值，這給試圖將其用作日常貨幣的公民帶來了問題。 BTC與菲亞特資金的運作方式不同，因為它仍然在中央銀行的監督之外，而價格則具有明顯的價格波動。穩定性不足已將比特幣變成了常規交易的無效法律招標。

The experiment in El Salvador has highlighted both the technical limits of blockchain technology and its potential benefits for the country's population. Test laboratories for digital currency innovation have made the country a driving force in blockchain research

薩爾瓦多（El Salvador）的實驗既強調了區塊鏈技術的技術限制及其對該國人口的潛在好處。數字貨幣創新的測試實驗室使該國成為區塊鏈研究的驅動力