當唐納德·特朗普總統簽署一項行政命令，建立戰略比特幣儲備金（SBR）時，他命令戴維·薩克斯組建團隊併計劃

薩克斯（Sacks）的高級任命，總統顧問委員會鮑恩斯（Bo Hines）的執行董事認為，購買BTC的一種機制是出售黃金。

President Donald Trump's administration is exploring options for acquiring bitcoin (BTC) for the Strategic Bitcoin Reserve (SBR), which Trump announced in an executive order last month.

唐納德·特朗普（Donald Trump）總統的政府正在探索為戰略比特幣保護區（SBR）收購比特幣（BTC）的選擇，特朗普上個月在行政命令中宣布。

One proposal under consideration is selling a portion of the US government's gold reserves to fund the purchase of BTC, according to an official in the President’s Council of Advisers.

總統顧問委員會的一名官員說，正在考慮的一項提案是出售美國政府的一部分黃金儲備，以資助BTC的購買。

The claim that the US should sell its gold sparked immediate debate. Not only does gold have over 5,000 years of history as a sovereign store of value, the metal is a dominant asset on central bankers’ balance sheets.

美國應該出售其黃金的說法引發了立即的辯論。黃金作為價值的主權商店不僅擁有超過5，000年的歷史，而且金屬還是中央銀行家資產負債表的主要資產。

However, U.S. President Donald J. Trump could attempt to claim authority to sell gold to buy BTC without passing additional laws.

但是，美國總統唐納德·J·特朗普（Donald J. Trump）可以聲稱在不通過其他法律的情況下出售黃金以購買BTC的權力。

The administration is also considering three avenues for obtaining BTC without direct Congressional authorization.

政府還考慮未直接國會授權獲得BTC的三種途徑。

Congress could authorize the administration to buy 1 million BTC

國會可以授權政府購買100萬BTC

The first method for the legal acquisition of sovereign BTC is democratically clear: Congressional authorization. In the U.S., Congress approves the federal budget and has constitutional authority to allocate resources.

法律獲取主權BTC的第一種方法在民主上是明確的：國會授權。在美國，國會批准了聯邦預算，並擁有分配資源的憲法權力。

One bill among many that is slowly working its way through Congress, Senator Cynthia Lummis' (R-Wyoming) Bitcoin Act of 2025, would mandate the U.S. to obtain 1 million BTC. That bill specifically calls for the sale of gold to fund a substantial amount of the purchases.

在國會逐步逐步努力的許多法案中，參議員辛西婭·盧米斯（Cynthia Lummis）（R-Wyoming）2025年的比特幣法案將強制美國獲得100萬BTC。該法案專門要求出售黃金以資助大量購買。

Lummis's legislation is part of a broader effort in Congress to craft legislation governing the use of cryptocurrencies in the U.S. The House Financial Services Committee has already advanced a bill that would create a new regulatory framework for stablecoins.

盧米斯（Lummis）的立法是國會更廣泛努力製定有關使用加密貨幣的立法的一部分，眾議院金融服務委員會已經提出了一項法案，該法案將為Stablecoins創建新的監管框架。

Lummis's bill, which is pending in the Senate Banking, Housing, and Urban Affairs Committee, would require the U.S. to buy 1 million BTC over a five-year period. The bill would also create a new commission to study the potential impact of a U.S. sovereign cryptocurrency.

盧米斯（Lummis）的法案正在參議院銀行，住房和城市事務委員會審理，該法案將要求美國在五年內購買100萬BTC。該法案還將建立一個新的委員會，以研究美國主權加密貨幣的潛在影響。

"The U.S. government has a long history of investing in assets to preserve value, and bitcoin is the best performing asset class of the past decade," Lummis said in a statement. "It's time for the U.S. to diversify its reserves and begin holding some bitcoin."

盧米斯在一份聲明中說：“美國政府在投資資產以保持價值方面擁有悠久的歷史，而比特幣是過去十年中表現最好的資產類別。” “現在是時候讓美國多樣化其儲備並開始持有一些比特幣了。”

Several other members of Congress have introduced legislation related to cryptocurrency this year. In April, Rep. Tim Draper (R-Ohio) introduced legislation that would allow Americans to pay their taxes in bitcoin.

國會的其他幾名成員今年還引入了與加密貨幣有關的立法。 4月，眾議員蒂姆·德雷珀（Tim Draper）（R-Ohio）提出了立法，該立法將使美國人能夠在比特幣中繳稅。

The administration is mindful of the need for bipartisan support in Congress for any plan to sell gold to buy BTC.

政府謹記在國會中需要兩黨支持，以便出售黃金以購買BTC的任何計劃。

"We are exploring all options for how to best acquire bitcoin for the Strategic Bitcoin Reserve," a White House official said. "We appreciate the input of members of Congress on this important issue."

一位白宮官員說：“我們正在探索如何最好地為戰略比特幣保護區獲取比特幣的所有選擇。” “我們感謝國會議員對這個重要問題的意見。”

The administration's consideration of selling gold to buy BTC comes amid a broader debate in the U.S. over the role of the dollar in the global monetary system.

政府考慮出售黃金以購買BTC的考慮在美國在全球貨幣體系中的作用更廣泛的辯論。

Some economists have argued that the dollar's status as the world's reserve currency gives the U.S. an unfair advantage. Others have said that the dollar's dominance is a natural consequence of the strength of the U.S. economy and its institutions.

一些經濟學家認為，美元作為世界儲備貨幣的地位給美國帶來了不公平的優勢。其他人則說，美元的統治地位是美國經濟及其機構實力的自然結果。

The administration is reportedly considering selling gold to buy BTC as a way to diversify the U.S. government's assets and hedge against inflation.

據報導，政府正在考慮將黃金銷售以購買BTC，以此作為使美國政府資產和對沖通貨膨脹對沖多樣化的一種方式。

Gold has traditionally been viewed as a store of value, while bitcoin is often touted for its scarcity and potential as an inflation hedge.

傳統上，黃金被視為價值存儲，而比特幣通常因其稀缺性和作為通貨緊樹籬的潛力而被吹捧。

However, both assets are known for their volatility, which could pose challenges for the administration as it seeks to acquire BTC for the SBR.

但是，這兩種資產都以其波動性而聞名，這可能會對政府構成挑戰，因為它試圖為SBR獲得BTC。

The executive order that Trump signed last month tasked David Sacks, a former president of the Startup founders Circle and a founding partner of the Union Square Ventures, to assemble a team and plan to buy bitcoin for the nation.

特朗普上個月簽署的行政命令任務戴維·薩克斯（David Sacks）是初創創始人圈子的前總裁，也是聯合廣場企業的創始合夥人組成的團隊，併計劃為國家購買比特幣。

Sacks’ top appointee, Executive Director of the President’s Council of Advisers Bo Hines, thinks one mechanism for buying BTC is selling gold.

薩克斯（Sacks）的高級任命，總統顧問委員會鮑恩斯（Bo Hines）的執行董事認為，購買BTC的一種機制是出售黃金。

The claim that the U.S. should sell its gold sparked immediate debate. Not only does gold have over 5,000 years of history as a sovereign store of value, the metal is a dominant asset on central bankers’ balance sheets.

美國應該出售其黃金的說法引發了立即的辯論。黃金作為價值的主權商店不僅擁有超過5，000年的歷史，而且金屬還是中央銀行家資產負債表的主要資產。

"It's ironic that central bankers are now discussing buying bitcoin, yet they've never sold any gold to buy equities or bonds in the modern era," said an official in the President’s Council of Advisers.

總統顧問委員會的一位官員說：“具有諷刺意味的是，中央銀行現在正在討論購買比特幣，但他們從來沒有出售過任何黃金來在現代購買股票或債券。”

"We may be able to learn from prior U.S. experience in the 1930s. At the time, the administration sold 700 tons of gold to stabilize the dollar during the Great Depression. We can also consider selling some gold to buy bitcoin, which would be a budget-neutral move."

“我們也許可以從1930年代以前的美國經驗中學習。當時，政府在大蕭條期間出售了700噸黃金來穩定美元。我們還可以考慮出售一些黃金來購買比特幣，這將是預算中立的舉動。”

Yes, the U.S. government may legally sell gold for bitcoin

是的，美國政府可以合法地出售比特幣黃金

There are at least three methods by which the Trump administration could acquire BTC for the Strategic Bitcoin Reserve.

特朗普政府至少有三種方法可以為戰略比特幣儲備收購BTC。

The first method is democratically clear: Congressional authorization. In

第一種方法在民主上是清楚的：國會授權。在