美國政府的比特幣儲備政策：未來的可能性

研究顯示，美國政府目前持有 183,850 枚 BTC，價值約 173.6 億美元

The United States government currently holds a substantial amount of Bitcoin (BTC), with recent data indicating approximately 183,850 BTC. These holdings are primarily the result of asset seizures, such as those carried out in the Silk Road case. The BTC is distributed across multiple known wallet addresses.

美國政府目前持有大量比特幣（BTC），最新數據顯示約 183,850 BTC。這些資產主要是資產扣押的結果，例如絲路案中的資產扣押。 BTC 分佈在多個已知的錢包位址中。

While some speculation suggests that the government may increase its Bitcoin holdings, Galaxy Digital’s head of research, Alex Thorn, stated that they expect no new Bitcoin purchases are expected in the coming year.

雖然一些猜測表明政府可能會增加比特幣持有量，但 Galaxy Digital 的研究主管 Alex Thorn 表示，他們預計明年不會購買新的比特幣。

Bitcoin Reserve Policy: A Future Possibility

比特幣儲備政策：未來的可能性

Despite the lack of anticipated new purchases, the report notes that government agencies may explore an “expanded Bitcoin reserve policy.” According to Thorn, there may be movements within various departments to examine how the government could utilize its existing Bitcoin in future strategies. These discussions may pave the way for a broader, more formalized reserve policy.

儘管缺乏預期的新購買，但報告指出，政府機構可能會探索「擴大比特幣儲備政策」。索恩表示，各部門可能會採取行動，研究政府如何在未來的策略中利用現有的比特幣。這些討論可能為更廣泛、更正式的儲備政策鋪路。

One such policy, introduced by Wyoming Senator Cynthia Lummis, is the Bitcoin Act 2024, which suggests that the US government purchase 200,000 BTC each year for five years in a row, accumulating a reserve of one million BTC. However, given the current position, this ambitious plan does not seem plausible to get through in 2025.

其中一項由懷俄明州參議員 Cynthia Lummis 提出的政策是《2024 年比特幣法案》，該法案建議美國政府連續五年每年購買 20 萬個 BTC，累積 100 萬 BTC 的儲備。然而，鑑於目前的情況，這項雄心勃勃的計劃似乎不太可能在 2025 年實現。

This cautious stance by the US government might have wider ramifications for Bitcoin adoption around the world. Japanese Prime Minister Shigeru Ishiba has stated that his country will not take a definitive position on Bitcoin reserves until more is known about what the US government is going to do. Former Binance CEO Changpeng Zhao has indicated smaller nations could be among the first to adopt Bitcoin reserves, to be followed over time by China.

美國政府的這種謹慎立場可能會對比特幣在全球的採用產生更廣泛的影響。日本首相石破茂表示，在了解更多關於美國政府將採取什麼行動之前，日本不會對比特幣儲備採取明確立場。幣安前執行長趙長鵬表示，較小的國家可能是最早採用比特幣儲備的國家之一，隨著時間的推移，中國也將緊跟其後。

State-Level Bitcoin Adoption Gaining Momentum

國家級比特幣採用勢頭強勁

As the federal government shows restraint, several US states are less bashful in considering the possibility of the inclusion of Bitcoin in their reserves. Ohio, Texas, and Pennsylvania have moved or are moving legislation that would allow state treasuries to hold Bitcoin as a portion of their financial reserve. Growing interest at the state level is a presage of how Bitcoin can be integrated into official financial systems.

由於聯邦政府表現出克制，美國幾個州在考慮將比特幣納入其儲備的可能性時不再那麼羞澀。俄亥俄州、德克薩斯州和賓夕法尼亞州已經或正在製定立法，允許州財政部持有比特幣作為其財政儲備的一部分。國家層面日益濃厚的興趣預示著比特幣將如何融入官方金融體系。

For instance, the Texas Strategic Bitcoin Reserve Act would require the state to make Bitcoin a reserve asset to be held for at least five years. A bill in Pennsylvania would let its treasury invest as much as 10% of its balance sheet in Bitcoin as a hedge against economic uncertainty.

例如，德州戰略比特幣儲備法案要求該州將比特幣作為儲備資產，並持有至少五年。賓州的一項法案將允許其財政部將其資產負債表的 10% 投資於比特幣，以對沖經濟不確定性。

Impacts of a Bitcoin Reserve Policy

比特幣儲備政策的影響

The potential for a formal Bitcoin reserve policy, whether at the state or federal level, could have significant impacts on both the market and the wider economy. A commitment from the US government to purchase Bitcoin could increase demand and, in turn, raise prices. This might also set a global precedent, encouraging other nations to follow suit, particularly those with large sovereign wealth funds or those seeking to diversify their financial assets.

正式的比特幣儲備政策的潛力，無論是在州還是聯邦層面，都可能對市場和更廣泛的經濟產生重大影響。美國政府購買比特幣的承諾可能會增加需求，進而提高價格。這也可能開創全球先例，鼓勵其他國家效仿，特別是那些擁有大型主權財富基金或尋求金融資產多元化的國家。

A strategic reserve could also have important geopolitical ramifications, strengthening the US’s position in the global digital economy and providing a counterbalance to the increasing exploration of central bank digital currencies (CBDCs) by other countries.

戰略儲備也可能產生重要的地緣政治影響，加強美國在全球數位經濟中的地位，並為其他國家日益探索央行數位貨幣（CBDC）提供製衡。

Shaping the Future of Bitcoin in the National Economy

塑造比特幣在國民經濟中的未來

While the US government is unlikely to purchase additional Bitcoin in 2025, its ongoing discussions around Bitcoin reserves and the potential for a future reserve policy highlight the growing importance of cryptocurrencies in national economic strategies. Whether through leveraging existing holdings or considering a more formal accumulation plan, the US’s stance on Bitcoin will undoubtedly influence global market dynamics and shape the future of digital assets.

儘管美國政府不太可能在 2025 年購買更多比特幣，但圍繞比特幣儲備和未來儲備政策潛力的持續討論凸顯了加密貨幣在國家經濟戰略中日益增長的重要性。無論是透過利用現有持有量還是考慮更正式的累積計劃，美國對比特幣的立場無疑將影響全球市場動態並塑造數位資產的未來。

This evolving landscape signals a more significant institutional adoption of Bitcoin, with state governments and corporations likely to take the lead as they explore the strategic value of digital assets in a rapidly changing financial environment.

這種不斷變化的格局標誌著比特幣在機構上的採用更加廣泛，州政府和企業可能會帶頭探索數位資產在快速變化的金融環境中的戰略價值。