特朗普政府提出了一項結構化計劃，以最大程度地提高加密貨幣持有的價值

這項倡議由包括財政部長Scott Bessent和Crypto Czar David Sacks在內的官員概述，旨在優化政府現有的加密貨幣庫存

The Trump administration is structuring a plan to maximize the value of cryptocurrency holdings in U.S. reserves, following the president’s recent endorsement of digital assets such as bitcoin, XRP, Ethereum, Solana, and Cardano.

在總統最近認可比特幣，XRP，以太坊，Solana和Cardano等數字資產之後，特朗普政府正在製定一項計劃，以最大程度地提高美國儲備中加密貨幣持有的價值。

This initiative, outlined by officials including Treasury Secretary Scott Bessent and crypto czar David Sacks, aims to optimize the government’s existing cryptocurrency stockpile while establishing a bitcoin-exclusive strategic reserve.

這項倡議是由包括財政部長Scott Bessent和Crypto Czar David Sacks在內的官員概述的，旨在優化政府現有的加密貨幣庫存，同時建立比特幣排名式的戰略儲備。

U.S. Moves to Centralized Crypto Management

美國搬到集中的加密管理

Technology investor and new crypto czar David Sacks discussed the administration’s approach on the All In Podcast, where he serves as a cohost.

技術投資者和新的加密沙皇大衛·薩克斯（David Sacks）在播客中討論了政府在播客中的方法，他是他的同夥。

Sacks emphasized that the government would consolidate its cryptocurrency holdings into a “digital stockpile,” placing management responsibilities under the Treasury Department.

薩克斯強調，政府將將其加密貨幣持有到“數字庫存”中，將管理責任置於財政部。

“The purpose of the stockpile is responsible stewardship, it’s a place for safekeeping, it’s a centralized account under the direction of the secretary of the Treasury, and the secretary of the Treasury will figure out how to maximize the value of these holdings,” Sacks stated.

薩克斯說：“庫存的目的是負責任的管理，這是一個保管的地方，它是財政部長的指導下的集中式帳戶，財政部長將弄清楚如何最大程度地提高這些財產的價值。”

This move follows a shift in strategy by the White House, which initially planned to focus on a bitcoin-only reserve. Instead, the administration has divided its approach, creating a primary Bitcoin reserve and a broader crypto stockpile that includes Ethereum, XRP, Solana, and Cardano. Officials suggest that this division will allow for more effective portfolio management.

此舉是在白宮戰略轉變之後，該戰略最初計劃專注於僅比特幣的預備役。取而代之的是，政府已將其方法分開，創建了主要的比特幣儲備和更廣泛的加密儲備，其中包括以太坊，XRP，Solana和Cardano。官員們建議該部門將允許更有效的投資組合管理。

Trump Reaffirms Commitment to Bitcoin and Crypto

特朗普重申對比特幣和加密的承諾

At a White House crypto summit this week, Trump reaffirmed his commitment to making the U.S. a leader in digital assets. He characterized Bitcoin as the foundation of the country’s cryptocurrency strategy, referring to the new Bitcoin reserve as a “digital Fort Knox.”

在本週的白宮加密峰會上，特朗普重申了他致力於使美國成為數字資產領導者的承諾。他將比特幣描述為該國加密貨幣戰略的基礎，將新的比特幣保護區稱為“數字堡壘”。

“I promised to make America the bitcoin superpower of the world and the crypto capital of the planet and today we’re taking historic action to deliver on that promise,” Trump said, according to The New York Times.

據《紐約時報》說：“我答應使美國成為世界的比特幣超級大國和地球的加密之都，今天，我們正在採取歷史行動來實現這一諾言。”

This initiative fulfills Trump’s campaign promises to establish a national Bitcoin reserve. At the Bitcoin 2024 conference in July, he suggested that Bitcoin could surpass gold’s $20 trillion market capitalization.

這項倡議履行了特朗普的競選活動，承諾建立國家比特幣儲備。在7月的2024年比特幣會議上，他建議比特幣可以超過黃金的20萬億美元市值。

Treasury to Optimize Crypto Holdings

優化加密貨幣的財政部

Sacks indicated that the government will focus on optimizing its crypto holdings rather than making direct purchases. He explained that the Treasury’s approach would involve strategic management rather than immediate acquisitions.

薩克斯表示，政府將專注於優化其加密貨幣持有物而不是直接購買。他解釋說，財政部的方法將涉及戰略管理，而不是立即收購。

“The crypto stockpile should be subject to good portfolio management and fortunately we have a secretary of the Treasury who is an extremely successful former hedge fund manager, so he’s going to figure out the best way to manage these assets and we give him the flexibility to do portfolio management,” Sacks stated.

“加密儲備應受到良好的投資組合管理，幸運的是，我們擁有一位非常成功的前對沖基金經理，因此他將找出管理這些資產的最佳方法，我們為他提供了進行投資組合管理的靈活性，”薩克斯說。

Trump’s executive order, issued ahead of the summit, outlines the establishment of the bitcoin reserve and crypto stockpile, drawing on existing government holdings.

特朗普在峰會之前發布的行政命令概述了現有的政府持有量的建立比特幣儲備和加密貨幣。

However, it does not authorize new Bitcoin or crypto purchases, which some market participants had hoped for. The order does, however, leave open the possibility of additional Bitcoin acquisitions under “budget-neutral” conditions that do not increase the national deficit.

但是，它沒有授權一些市場參與者希望的新比特幣或加密購買。但是，該命令確實在“預算中立”條件下，打開了其他比特幣收購的可能性，這些可能不會增加國家赤字。

Sacks also touched upon this point, mentioning that Treasury and Commerce Department officials, including Commerce Secretary Howard Lutnick, are authorized to make further crypto purchases if they do not contribute to the federal debt.

薩克斯還談到了這一點，提到包括商務部長霍華德·盧特尼克在內的財政部和商務部官員，如果他們不為聯邦債務造成貢獻，則有權進行進一步的加密貨幣購買。

Missed Opportunities and Global Reactions

錯過的機會和全球反應

During a discussion on government crypto holdings, Sacks highlighted the financial impact of past decisions to sell off Bitcoin. He estimated that the U.S. could have lost approximately $16 billion by liquidating its bitcoin reserves prematurely.

在有關政府加密貨幣持有的討論中，薩克斯強調了過去決定出售比特幣的財務影響。他估計，通過過早清算其比特幣儲備，美國可能會損失約160億美元。

“At one point in time, we had about 400,000 bitcoin on the federal balance sheet. We sold roughly half of that for something like $360 million total. If we had held all of that, just the portion we sold would be worth over $17 billion,” Sacks said.

“在某個時候，我們在聯邦資產負債表上有大約40萬比特幣。我們賣出了其中的一半，總計3.6億美元。如果我們持有所有這些，只有我們出售的部分價值超過170億美元，”薩克斯說。

Trump also criticized previous administrations’ handling of crypto assets, stating that it was “foolish” to sell off so much bitcoin instead of keeping it as a strategic asset.

特朗普還批評了先前的政府對加密資產的處理，並指出出售如此多的比特幣是“愚蠢的”，而不是將其作為戰略資產。

While Trump’s executive order does not yet authorize direct new crypto purchases, the administration’s strategy positions the U.S. as a major player in the evolving global digital asset landscape.

儘管特朗普的行政命令尚未授權直接購買新的加密貨幣，但政府的戰略將美國定位為不斷發展的全球數字資產格局的主要參與者。