美國政府2025年不會購買比特幣，但可能探索新的儲備策略

儘管人們普遍猜測機構會採用比特幣，但 Galaxy Research 卻降低了預期。根據 12 月 27 日發布的報告，美國政府在 2025 年不會購買比特幣，但可能會針對其現有儲備探索新的策略。

Galaxy Research tempers expectations regarding institutional adoption of bitcoin in 2025. Despite rumors, the U.S. government is not expected to purchase additional bitcoin in 2025, according to a report published by Galaxy Research on December 27. However, the government may consider new strategies regarding its existing reserves.

Galaxy Research 下調了對2025 年機構採用比特幣的預期。針對其比特幣採取新策略現有儲備。

The U.S. government currently holds 183,850 BTC (around $17.36 billion) across 36 known addresses. According to Alex Thorn, director of research at Galaxy Research, U.S. authorities would prefer to capitalize on their current holdings rather than making new massive purchases.

美國政府目前在 36 個已知地址中持有 183,850 個 BTC（約 173.6 億美元）。銀河研究公司（Galaxy Research）研究主管亞歷克斯·索恩（Alex Thorn）表示，美國當局更願意利用目前持有的資產，而不是進行新的大規模購買。

This position contrasts with the Bitcoin Act 2024, proposed by Wyoming Senator Cynthia Lummis, which suggested acquiring 200,000 BTC annually over five years. This ambitious plan, aimed at building a reserve of one million bitcoins over two decades, therefore seems unlikely in the short term.

這一立場與懷俄明州參議員 Cynthia Lummis 提出的《2024 年比特幣法案》形成鮮明對比，該法案建議在五年內每年購買 20 萬 BTC。因此，這項雄心勃勃的計畫旨在二十年內建立一百萬比特幣的儲備，但短期內似乎不太可能實現。

However, Galaxy Research's perspectives suggest that some departments and government agencies may begin to consider an “expanded bitcoin reserve policy”, paving the way for a potential longer-term strategic evolution.

然而，Galaxy Research 的觀點表明，一些部門和政府機構可能會開始考慮“擴大比特幣儲備政策”，為潛在的長期戰略演變鋪平道路。

The attitude of the U.S. government could significantly influence the position of other nations regarding bitcoin. In Japan, Japanese Prime Minister Shigeru Ishiba recently admitted to waiting to see the evolution of the U.S. position before making a statement on a possible bitcoin reserve policy.

美國政府的態度可能會極大地影響其他國家對比特幣的立場。在日本，日本首相石破茂最近承認，在就可能的比特幣儲備政策發表聲明之前，將等待美國立場的演變。

According to “JW”, another analyst at Galaxy, up to five companies from the Nasdaq 100 and five nation-states could nonetheless add bitcoin to their balance sheets or sovereign funds in 2025.

Galaxy 的另一位分析師「JW」表示，納斯達克 100 指數中最多 5 家公司和 5 個民族國家仍可能在 2025 年將比特幣添加到其資產負債表或主權基金中。

This forecast echoes the statements of Changpeng Zhao, former CEO of Binance, who anticipates bitcoin reserve adoption by several countries, with China potentially in the race.

這項預測與幣安前執行長趙長鵬的聲明相呼應，他預計比特幣儲備將被多個國家採用，其中中國可能會參與其中。

In summary, the wait-and-see position of the U.S. government in 2025 does not preclude a significant evolution of the crypto landscape on a global scale. As suggested by the recent initiative of the State of Ohio with its HB 703 bill, institutional adoption of Bitcoin could first manifest at the state and corporate level before extending to central governments.

總而言之，美國政府在 2025 年的觀望立場並不排除全球加密貨幣格局發生重大演變。正如俄亥俄州最近提出的 HB 703 法案所暗示的那樣，比特幣的機構採用可以首先在州和企業層面體現，然後再擴展到中央政府。