美國政府出售比特幣：為持有者帶來福音，加劇通膨擔憂

鑑於美國政府最近出售了 30,000 個比特幣，Blockstream 執行長 Adam Back 表示，這可能對長期比特幣持有者（即「HODLers」）有利。 Back認為，政府向市場注入法定貨幣可能會導致通膨壓力，可能增加比特幣作為對沖貨幣貶值的價值。然而，另一種觀點推測政府可能旨在保持低價或支持授權的 ETF 參與者。

US Government's Bitcoin Sales: A Boon for Long-Term HODLers

美國政府的比特幣銷售：長期持有者的福音

The recent revelation that the US government is offloading a portion of its Bitcoin (BTC) stockpile has sparked a flurry of speculation and debate within the cryptocurrency community. While some express concerns over the potential market impact, others, particularly long-term holders known as "HODLers," view it as a favorable development.

最近有消息稱，美國政府正在出售部分比特幣（BTC）庫存，這在加密貨幣社群內引發了一系列猜測和爭論。雖然有些人對潛在的市場影響表示擔憂，但其他人，特別是被稱為「HODLers」的長期持有者，認為這是一個有利的發展。

In a recent post on the social media platform X, Adam Back, co-founder and CEO of Blockstream, argued that the government's Bitcoin sales could ultimately benefit HODLers. "Hehe good point. Should've hodled," Back joked, implying that he would have maintained his own Bitcoin holdings rather than selling. "But better for bitcoiners if they sell and then print more USD later. They know they want to. Well, basically have to at this point."

Blockstream 聯合創始人兼執行長 Adam Back 在社群媒體平台 X 最近發表的一篇文章中認為，政府的比特幣銷售最終可能會讓 HODLers 受益。 「呵呵，說得好。應該持有，」巴克開玩笑說，暗示他會保留自己持有的比特幣，而不是出售。 “但對於比特幣持有者來說，如果他們先賣出然後再印製更多美元，那就更好了。他們知道自己想要這樣做。好吧，現在基本上必須這樣做。”

Back's reasoning stems from the assumption that the US government will likely use the proceeds from the Bitcoin sales to fund spending or reduce debt. This, in turn, could lead to an increase in the money supply, potentially fueling inflationary pressures. In such a scenario, Bitcoin's value as a hedge against currency devaluation may rise, making it more attractive for HODLers.

巴克的推理源自於這樣的假設：美國政府可能會使用比特幣銷售所得來資助支出或減少債務。反過來，這可能會導致貨幣供應量增加，從而可能加劇通膨壓力。在這種情況下，比特幣作為貨幣貶值對沖工具的價值可能會上升，對持有者更具吸引力。

However, not all market participants share Back's bullish outlook. Some speculate that the government's Bitcoin sales may be intended to keep the price of the cryptocurrency artificially low or to support certain authorized Exchange-Traded Funds (ETFs).

然而，並非所有市場參與者都認同巴克的看漲前景。有些人猜測，政府出售比特幣可能是為了人為地壓低加密貨幣的價格，或是為了支持某些授權的交易所交易基金（ETF）。

It is important to note that this is not the first time the US government has attempted to sell Bitcoin seized from Silk Road, an infamous online black market known for facilitating illicit transactions. In January 2024, the government filed a notice to sell nearly $130 million worth of Bitcoins in two lots.

值得注意的是，這並不是美國政府第一次試圖出售從絲綢之路繳獲的比特幣，絲綢之路是一個臭名昭著的線上黑市，以促進非法交易而聞名。 2024 年 1 月，政府發布通知，分兩批出售價值近 1.3 億美元的比特幣。

The confiscated Bitcoin holdings originated from two separate seizures related to Silk Road. In February 2021, over 144,000 BTC were seized in Memphis, Tennessee, followed by another seizure in Arlington, Texas, in May 2021. The District Court in Maryland authorized the forfeiture of the seized Bitcoins to the US government on January 8, 2024.

被沒收的比特幣源自於與絲路相關的兩次單獨查獲。 2021 年2 月，田納西州孟菲斯市查獲了超過144,000 枚比特幣，隨後又於2021 年5 月在德克薩斯州阿靈頓查獲了另一筆比特幣。馬裡蘭州地方法院於2024 年1 月8 日授權美國政府沒收查封的比特幣。

As of December 2023, the US government owned approximately $9 billion worth of Bitcoin. However, this figure includes Bitcoin from various sources, including seizures unrelated to Silk Road.

截至 2023 年 12 月，美國政府擁有價值約 90 億美元的比特幣。然而，這個數字包括來自各種來源的比特幣，包括與絲綢之路無關的緝獲量。

The market impact of the government's Bitcoin sales remains uncertain. While some analysts predict a temporary downward pressure on Bitcoin's price, others believe that the long-term implications for HODLers could be positive.

政府銷售比特幣對市場的影響仍不確定。雖然一些分析師預測比特幣價格將面臨暫時的下行壓力，但其他分析師則認為，這對持有者的長期影響可能是正面的。

Ultimately, the trajectory of Bitcoin's price will depend on a multitude of factors, including macroeconomic conditions, global events, and the overall sentiment within the cryptocurrency market. However, for those who have adopted the "hodling" strategy, the US government's Bitcoin sales may prove to be an unexpected windfall in the long run.

最終，比特幣價格的走勢將取決於多種因素，包括宏觀經濟狀況、全球事件以及加密貨幣市場的整體情緒。然而，對於那些採取「囤幣」策略的人來說，從長遠來看，美國政府出售比特幣可能會被證明是一筆意外之財。