歐洲中央銀行可能會重新考慮與國家銀行的聯繫，這些國家銀行為儲備金增加比特幣：歐洲央行董事會成員

歐洲央行董事會成員皮爾·米爾隆（Piero Cipollone）表示，歐洲中央銀行（ECB）可能會重新考慮其與任何增加比特幣的歐洲國家銀行的關係。

The European Central Bank (ECB) may reconsider its relationship with any European national bank that adds Bitcoin to its reserves, according to ECB board member Piero Cipollone.

歐洲央行董事會成員皮爾·米爾隆（Piero Cipollone）表示，歐洲中央銀行（ECB）可能會重新考慮其與任何增加比特幣的歐洲國家銀行的關係。

In a Feb. 6 interview, Cipollone suggested that if a national bank integrates Bitcoin into its holdings, the institution would need to assess the risks associated with its repurchase agreements (repo) and swap lines.

在2月6日的訪談中，Cipollone建議，如果國家銀行將比特幣納入其持股範圍，則該機構將需要評估與其回購協議（Repo）和交換線路相關的風險。

He noted that the ECB would determine whether to maintain ties with such banks after conducting this evaluation. According to him:

他指出，歐洲央行將在進行此評估後確定是否與此類銀行保持聯繫。據他說：

“We would need to do a risk management assessment of that. Let’s see if any central bank enters this space because I don’t fully see the rationale for it. We will assess it at that point in time, if it happens.”

“我們需要對此進行風險管理評估。讓我們看看是否有任何中央銀行進入此空間，因為我沒有完全看到它的理由。如果發生的話，我們將在那個時間點進行評估。”

Cipollone reiterated his skepticism about Bitcoin’s role as a reserve asset. He emphasized that BTC lacks intrinsic value and suggested that its primary appeal comes from speculation on price appreciation.

Cipollone重申了他對比特幣作為儲備資產的作用的懷疑。他強調，BTC缺乏內在價值，並建議其主要吸引力來自對價格讚賞的猜測。

According to him, investing in BTC relies on the belief that its price will continuously rise, as the asset has no underlying value, backing, or earning model.

據他介紹，投資BTC依賴於這樣的信念，即其價格將不斷上漲，因為資產沒有基本價值，支持或賺錢模式。

He stated:

他說：

“I am trying to be rational and think about why I should invest in bitcoin or another crypto-asset. The only rationale is if one thinks that the price will always go up. It doesn’t have any underlying value, there is no asset backing it, there is no earning model.”

“我試圖保持理性，並思考為什麼我應該投資比特幣或其他加密資產。唯一的理由是，如果有人認為價格總是會上漲。它沒有任何基本價值，沒有資產支持它，沒有收入模型。”

Cipollone’s comment follows recent developments in the Czech National Bank (CNB), which is evaluating the potential inclusion of Bitcoin in its reserve assets. However, ECB President Christine Lagarde has expressed confidence that the CNB and other major European central banks are unlikely to approve BTC as a reserve asset.

Cipollone的評論是在捷克國家銀行（CNB）的最新發展之後，該事項正在評估潛在的比特幣資產中。但是，歐洲央行總裁克里斯汀·拉加德（Christine Lagarde）表示，CNB和其他歐洲主要中央銀行不太可能批准BTC作為儲備資產。

Bitcoin vs Gold

比特幣與黃金

Cipollone also dismissed comparisons between Bitcoin and gold, arguing that the two assets differ in market structure, transparency, and adoption.

Cipollone還駁回了比特幣和黃金之間的比較，認為這兩個資產在市場結構，透明度和採用方面有所不同。

While BTC shares some characteristics with gold, such as scarcity and a perceived store of value, he believes the comparison is flawed.

儘管BTC與黃金具有一些特徵，例如稀缺性和可感知的價值存儲，但他認為比較是有缺陷的。

He said:

他說：

“I would be careful about making the analogy. I don’t know how deep the market for gold is, but there are central banks in that market, and not just because of a legacy system. We should not stop at a superficial analogy between gold and bitcoin.”

“我會謹慎地進行類比。我不知道黃金市場有多深，但是在那個市場中有中央銀行，而不僅僅是因為遺產製度。我們不應該停止黃金和比特幣之間的表麵類比。”

Cipollone further pointed out that gold benefits from historical significance and established commercial and industrial use, unlike BTC, which does not share these attributes.

Cipollone進一步指出，與BTC不同，黃金受益於歷史意義，並建立了商業和工業用途，而BTC沒有共享這些屬性。

He remarked:

他說：

“[Central banks invest in gold] in part due to legacy, but gold has intrinsic, commercial and industrial value. Bitcoin does not have any of that.”

“ [中央銀行投資黃金]部分是由於遺產，但黃金具有內在，商業和工業價值。比特幣沒有任何。”

He also argued that Bitcoin and gold are impractical for everyday transactions compared to fiat currencies, which facilitate payments and provide relative stability.

他還認為，與法定貨幣相比，比特幣和黃金對於日常交易是不切實際的，這有助於付款並提供相對穩定性。