據加密觀察家稱，美國的戰略比特幣保護區降低了政府將“禁止”加密貨幣的可能性，並可以鼓勵更多國家採用比特幣。

這顯然使交易員失望，因為這立即使比特幣的價格下降了6％。

The possibility of a strategic bitcoin (BTC) reserve in the United States is quickly reducing the possibility that the government will ever “ban” the cryptocurrency and could encourage many more nations to adopt bitcoin, according to crypto observers.

據加密觀察家稱，在美國建立戰略比特幣（BTC）儲備金的可能性很快降低了政府將“禁止”加密貨幣的可能性，並可以鼓勵更多國家採用比特幣。

On March 7, US President Donald Trump signed an order establishing a Strategic Bitcoin Reserve and a digital asset stockpile. Capitalization of the reserve will come from bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, and is currently estimated at around 200,000 BTC, according to crypto czar David Sacks. However, traders were quickly disappointed as the news led to a 6% fall in the price of bitcoin.

3月7日，美國總統唐納德·特朗普（Donald Trump）簽署了一項命令，建立了戰略性比特幣儲備和數字資產庫存。根據Crypto Czar David Sacks的說法，該儲備金的資本將來自聯邦政府擁有的比特幣，該比特幣被沒收作為刑事或民事資產沒收程序的一部分，目前估計約200,000 BTC。但是，隨著新聞導致比特幣價格下跌6％，交易者很快感到失望。

But many say the markets may have it wrong and the news should be viewed as bullish.

但是許多人說市場可能誤會了，新聞應該被視為看漲。

President Trump signing SBR executive order. Source: David Sacks

特朗普總統簽署了SBR行政命令。資料來源：大衛·薩克斯（David Sacks）

Government less likely to ‘ban’ bitcoin

政府不太可能“禁止”比特幣

One of the impacts of a US strategic bitcoin (BTC) reserve is that it “dramatically reduces the likelihood the US government will someday ‘ban’ bitcoin,” Bitwise chief investment officer Matt Hougan told.

比特首席投資官馬特·霍根（Matt Hougan）說，美國政府儲備金的影響之一是，它“大大降低了美國政府總有一天'禁止'比特幣的可能性，”比特首席投資官馬特·霍根（Matt Hougan）告訴。

In November, the Federal Reserve Bank of Minneapolis suggested that bitcoin could one day force the federal government to balance its budget.

11月，明尼阿波利斯聯邦儲備銀行建議比特幣有一天迫使聯邦政府平衡其預算。

“A legal prohibition against bitcoin can restore unique implementation of permanent primary deficits, and so can a tax on bitcoin,” it said at the time.

它當時說：“對比特幣的法律禁令可以恢復永久性主要赤字的獨特實施，因此對比特幣徵稅也可以恢復。”

Other nations could follow suit

其他國家可以效仿

The US bitcoin reserve also dramatically increases the chances that other nations will establish bitcoin reserves and accelerates the speed at which other nations will consider establishing them, as it creates a short window for them to “front-run” potential bitcoin buying by the US, Hougan added.

霍根補充說，美國比特幣儲備還大大增加了其他國家建立比特幣儲備並加速其他國家考慮建立它們的速度的機會，因為它為他們創造了一個簡短的窗口，可以讓他們“前進”美國潛在的比特幣購買。

The US is the global leader in nation-state bitcoin holdings, with 207,189 BTC at current valuations of around $18 billion, according to BitBO. China is estimated to come in second with an estimated 194,000 BTC, and the United Kingdom is in third place, holding 61,000 Bitcoin.

根據Bitbo的數據，美國是民族國家比特幣控股公司的全球領導者，目前的估值約為180億美元。據估計，中國排名第二，估計為194,000 BTC，英國排名第三，擁有61,000比特幣。

El Salvador is the only country to have designated bitcoin as legal tender. It is still accumulating and currently holds 6,103 BTC, which is valued at around $534 million, according to the nation’s bitcoin office.

埃爾·薩爾瓦多（El Salvador）是唯一一個將比特幣指定為法定招標的國家。根據美國比特幣辦公室的數據，它仍在積累，目前擁有6,103 BTC，價值約5.34億美元。

“I expect many of the G20 to take notice and eventually follow America’s leadership,” Coinbase CEO Brian Armstrong added.

Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）補充說：“我希望許多G20都會注意到，並最終遵循美國的領導。”

Legitimizes bitcoin in the eyes of institutions

在機構眼中使比特幣合法化

A US bitcoin strategic reserve also makes it much harder for institutions such as agencies like the International Monetary Fund to “position bitcoin as somehow dangerous or inappropriate to hold,” Hougan stated.

霍根說，美國比特幣戰略儲備還使諸如國際貨幣基金組織等機構等機構“將比特幣視為某種程度上危險或不合適的機構”的機構變得更加困難。

The IMF has been against sovereign nations, such as El Salvador, investing in bitcoin. On March 3, the IMF approved a funding program with El Salvador for $1.4 billion on the condition that it downgraded its bitcoin accumulation strategy. The memorandum of understanding indicated a condition of “no voluntary accumulation of BTC by the public sector in El Salvador.”

國際貨幣基金組織一直反對主權國家，例如埃爾·薩爾瓦多（El Salvador）投資比特幣。 3月3日，國際貨幣基金組織以14億美元的價格批准了與薩爾瓦多的一項資金計劃，以降級其比特幣積累策略。理解的備忘錄表明，“公共部門在薩爾瓦多沒有自願積累BTC”的條件。

Bitwise head of research Ryan Rasmussen continued with the notion, saying that the end game was never “the US government buys all of the world’s bitcoin.”

瑞安·拉斯穆森（Ryan Rasmussen）的研究負責人繼續提出這一概念，稱最終比賽從來沒有“美國政府購買全球所有比特幣”。

He listed what the US SBR means: “Other countries will buy BTC, wealth managers have no excuse, financial institutions have no excuse, pensions and endowments have no excuse, fear of the US selling is gone, the US will likely buy more, likelihood of states buying just went up, and the probability the government outlaws Bitcoin is definitively zero.”

他列出了美國SBR的含義：“其他國家將購買BTC，財富管理人員沒有藉口，金融機構沒有藉口，養老金和捐贈沒有任何藉口，擔心美國銷售的恐懼已經消失，美國可能會購買更多，國家購買的可能性，而購買的可能性則增加了，政府的可能性是絕對的比特幣比特幣。”

The co-founder and CEO at Lightpark, David Marcus, simply said, “This is a balanced outcome and the right decision for now,” adding he was “happy reason has prevailed.”

Lightpark的聯合創始人兼首席執行官David Marcus簡單地說：“這是一個平衡的結果，目前是正確的決定，”他補充說，他是“快樂的理由”。

Bitcoin has come a long way

比特幣已經走了很長一段路

Meanwhile, crypto lawyer John Deaton points out that Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick “have been directed by the POTUS to find ‘budget neutral' ways to acquire BTC.”

同時，加密律師律師約翰·迪頓（John Deaton）指出，財政部長斯科特·貝斯特（Scott Bessent）和商務部長霍華德·盧特尼克（Howard Lutnick）“由POTUS指示，以找到獲取BTC的'預算中性'方式。”

It was only a year ago that regulators approved the first US spot bitcoin ETF, adds ETF Store President Nate Geraci.

ETF商店總裁Nate Geraci補充說，就在一年前，監管機構批准了美國第一個現場比特幣ETF。

Bitcoin is currently rebounding, having reached $88,000 at the time of writing.

比特幣目前正在籃板，在寫作時達到了88,000美元。