新墨西哥州介紹了開創性的法案，將5％的國家資金分配給比特幣

新墨西哥州提出了一項開創性的提議，可以重新定義其金融格局。最近提議的法案試圖將該州5％的公共資金分配給比特幣，這表明傳統的國家儲備投資策略可能發生了變化。

The state of New Mexico has recently introduced a groundbreaking proposal that could redefine its financial landscape. A recently proposed bill seeks to allocate 5% of the state’s public funds to Bitcoin, signaling a potential shift in traditional investment strategies for state reserves. This move, if enacted, would position New Mexico among a growing number of states exploring cryptocurrency investments as part of their broader economic strategy.

新墨西哥州最近提出了一項開創性的提議，可以重新定義其金融景觀。最近提議的法案試圖將該州5％的公共資金分配給比特幣，這表明傳統的國家儲備投資策略可能發生了變化。如果頒布，這一舉動將在越來越多的州探索加密貨幣投資的州中定位新墨西哥州，這是其更廣泛的經濟戰略的一部分。

The Proposal: Strategic Bitcoin Reserve Act

提案：戰略比特幣儲備法

The proposal, officially named the Strategic Bitcoin Reserve Act, was introduced by Senator Ant Thornton in the New Mexico Senate. The bill suggests that the state should establish a Bitcoin reserve fund as a means of diversifying its investment portfolio. The aim is to capitalize on Bitcoin’s long-term price appreciation while also hedging against inflation and economic uncertainties.

該提案正式命名為《戰略比特幣儲備法》，是由參議員螞蟻·桑頓（Ant Thornton）在新墨西哥州參議院提出的。該法案建議該州應建立比特幣儲備基金，以作為使其投資組合多樣化的一種手段。目的是利用比特幣的長期價格讚賞，同時也對沖通貨膨脹和經濟不確定性。

According to the bill, the Bitcoin reserve would be managed by the State Investment Officer, under the guidance of the State Investment Council. The council would oversee the purchase, storage, and security of the digital assets, ensuring that the funds are managed prudently to minimize risk.

根據該法案，在國家投資委員會的指導下，比特幣儲備將由國家投資官員管理。理事會將監督數字資產的購買，存儲和安全性，以確保對資金進行審慎管理以最大程度地降低風險。

Why Bitcoin? The Case for Cryptocurrency in Public Funds

為什麼要比特幣？公共資金中加密貨幣的案例

Bitcoin, often referred to as digital gold, has gained increasing acceptance as an asset class. Over the past decade, it has demonstrated remarkable price appreciation, outperforming traditional investments such as stocks, bonds, and gold. Several key arguments support New Mexico’s move to invest in Bitcoin:

比特幣通常被稱為數字黃金，作為資產類別的接受程度越來越多。在過去的十年中，它表現出了非凡的價格升值，超過了傳統投資，例如股票，債券和黃金。幾個關鍵論點支持新墨西哥州投資比特幣的舉動：

Diversification of State Funds: Governments and institutional investors are constantly seeking ways to diversify their portfolios. Bitcoin offers a unique investment option that is uncorrelated to traditional assets, providing a hedge against economic downturns and inflation.

國家資金的多元化：政府和機構投資者一直在尋求多樣化其投資組合的方法。比特幣提供了獨特的投資選擇，與傳統資產無關，為經濟低迷和通貨膨脹提供了對沖。

Inflation Hedge: Bitcoin is often seen as a store of value due to its fixed supply of 21 million coins. Unlike fiat currencies, which are subject to inflationary pressures due to government policies and central bank interventions, Bitcoin’s supply is governed by a decentralized protocol. This scarcity makes it an attractive hedge against inflation, which has become a growing concern in the U.S. economy.

通貨膨脹對沖：由於其固定供應2100萬個硬幣，比特幣通常被視為價值存儲。與法定貨幣不同的是，由於政府政策和中央銀行的干預，該貨幣受到通貨膨脹壓力，比特幣的供應受到分散方案的約束。這種稀缺性使其成為抵抗通貨膨脹的吸引力，這在美國經濟中越來越關注。

Potential for Long-Term Growth: Despite its volatility, Bitcoin has shown significant long-term appreciation. Historical data suggests that Bitcoin’s price has steadily increased over time, rewarding early investors with substantial gains. If New Mexico were to invest in Bitcoin, it could benefit from potential price appreciation over the years.

長期增長的潛力：儘管具有波動性，但比特幣仍顯示出明顯的長期欣賞。歷史數據表明，隨著時間的流逝，比特幣的價格穩步上漲，從而獎勵了早期投資者的大量收益。如果新墨西哥州要投資比特幣，那麼多年來，它可能會受益於潛在的價格讚賞。

Digital Asset Innovation and Economic Growth: By embracing Bitcoin, New Mexico could position itself as a leader in financial innovation. This move could attract cryptocurrency businesses, blockchain startups, and investors to the state, fostering economic growth and job creation. Other states, such as Wyoming and Texas, have already made significant strides in creating favorable regulatory environments for digital assets.

數字資產創新和經濟增長：通過擁抱比特幣，新墨西哥可以將自己定位為金融創新的領導者。這一舉動可以吸引加密貨幣業務，區塊鏈初創公司和投資者進入該州，從而促進經濟增長和創造就業機會。懷俄明州和德克薩斯州等其他州在為數字資產創造有利的監管環境方面已經取得了長足的進步。

Security and Management of the Bitcoin Reserve

比特幣儲備的安全和管理

Investing in Bitcoin comes with certain risks, particularly related to security, volatility, and regulatory challenges. To address these concerns, the Strategic Bitcoin Reserve Act includes provisions for the secure storage and prudent management of Bitcoin holdings.

投資比特幣會帶來某些風險，尤其是與安全性，波動性和監管挑戰有關的風險。為了解決這些問題，《戰略比特幣儲備法》包括對比特幣控股的安全存儲和審慎管理的規定。

Cold Storage Solutions: To mitigate the risks associated with cyber threats and hacking, the bill proposes that New Mexico use cold storage solutions to safeguard its Bitcoin assets. Cold storage refers to offline wallets that are not connected to the internet, making them highly secure against cyberattacks.

冷藏解決方案：為了減輕與網絡威脅和黑客攻擊有關的風險，該法案建議新墨西哥州使用冷藏解決方案來保護其比特幣資產。冷存儲是指未連接到互聯網的離線錢包，使其在網絡攻擊中高度安全。

Oversight by the State Investment Council: The bill recommends that the State Investment Council oversee the Bitcoin reserve, ensuring that proper investment strategies and risk management practices are in place. The council would regularly review the reserve’s performance and make necessary adjustments to optimize returns while minimizing exposure to volatility.

國家投資委員會的監督：該法案建議州投資委員會監督比特幣儲備，以確保適當的投資策略和風險管理實踐已就位。理事會將定期審查儲備金的績效，並進行必要的調整以優化回報，同時最大程度地減少對波動性的影響。

Regulatory Compliance: As Bitcoin regulations continue to evolve, the bill emphasizes that New Mexico must remain compliant with federal and state laws. The investment strategy would adhere to legal guidelines set by financial regulatory authorities, such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

法規合規性：隨著比特幣法規的不斷發展，該法案強調，新墨西哥州必須遵守聯邦和州法律。投資策略將遵守金融監管機構制定的法律準則，例如證券交易委員會（SEC）和商品期貨交易委員會（CFTC）。

Comparisons to Other States’ Bitcoin Strategies

與其他州的比特幣策略進行比較

New Mexico is not alone in its pursuit of integrating Bitcoin into public funds. Other U.S. states have also taken steps toward cryptocurrency adoption.

新墨西哥州並不孤單地追求將比特幣整合到公共資金中。美國其他州也採取了採用加密貨幣的步驟。

For instance, Wyoming has enacted several laws to create a favorable regulatory environment for digital assets, attracting cryptocurrency companies and blockchain startups to the state. Texas has also shown interest in Bitcoin, with several state representatives proposing bills to legalize cryptocurrency mining and exempt digital currency transactions from state sales tax.

例如，懷俄明州制定了幾項法律，以為數字資產創建一個有利的監管環境，吸引了加密貨幣公司和該州的區塊鏈初創公司。德克薩斯州還表明了對比特幣的興趣，幾位州代表提出了法案，以使加密貨幣開採並免除數字貨幣交易的州銷售稅。

These state-level initiatives align with broader discussions at the federal level regarding Bitcoin’s role in national reserves and financial policies.

這些州級的舉措與聯邦一級關於比特幣在國家儲備和金融政策中的作用的更廣泛討論相吻合。

Potential Risks and Challenges

潛在的風險和挑戰

While the proposal presents several advantages, there are inherent risks associated with investing state funds in Bitcoin.

儘管該提案具有幾個優點，但在比特幣中投資州資金有固有的風險。

Market Volatility: Bitcoin is known for its price fluctuations, with its value sometimes experiencing sharp declines within short periods. This volatility could pose a challenge in ensuring stable and predictable returns for public funds.

市場波動：比特幣以其價格波動而聞名，其價值有時會在短時間內急劇下降。這種波動性可能在確保公共資金的穩定且可預測的回報方面構成挑戰。

Regulatory Uncertainty: The cryptocurrency regulatory landscape is still evolving. Any sudden changes in government policies or new regulations could impact Bitcoin’s price and adoption.

監管不確定性：加密貨幣調節景觀仍在發展。政府政策或新法規的任何突然變化都可能影響比特幣的價格和採用。

Public and Political Opposition: Not all lawmakers and citizens support cryptocurrency investments, particularly when it involves public funds. Concerns over risk exposure, ethical considerations, and financial stability could lead to opposition against the bill.

公眾和政治反對派：並非所有的立法者和公民都支持加密貨幣投資，尤其是在涉及公共資金時。對風險敞口，道德考慮和財務穩定的擔憂可能導致反對該法案。

The Road Ahead: What’s Next for New

前面的道路：新的下一步