特朗普的加密儲備計劃燃料市場投機：比特幣是關鍵嗎？

Coinotag在3月5日報導說，Bitwise首席投資官Matt Hougan的見解表明，金融界對前總統特朗普的加密儲備計劃的反應可能過多地解釋。

Former President Trump's crypto reserve plan has fueled market speculation, with some suggesting that Bitcoin could be the key to unlocking the full potential of the initiative.

特朗普前總統的加密儲備計劃促進了市場的猜測，其中一些暗示比特幣可能是釋放該計劃的全部潛力的關鍵。

As reported by COINOTAG, insights from Bitwise's Chief Investment Officer, Matt Hougan, reveal that the financial community's response to Trump's proposal may have been overly pessimistic.

正如Coinotag報導的那樣，Bitwise首席投資官Matt Hougan的見解表明，金融界對特朗普提議的反應可能過於悲觀。

Despite recognizing certain shortcomings in the proposal, such as the inclusion of altcoins, which he described as "a final-round pick in a fantasy league," Hougan maintains that the overall development is generally positive for the market.

儘管意識到該提案中的某些缺點，例如包括Altcoins的包含，他將其描述為“在幻想聯盟中的最後一輪選秀”，但Hougan堅持認為，總體發展通常對市場是積極的。

Trump recently mandated the formation of a working group to propose the U.S.'s strategic crypto reserve, which will include assets like Bitcoin, Ethereum, XRP, Solana, and Cardano. Following this announcement, these cryptocurrencies experienced notable rebounds from previous lows, with some rising between 10% to 70%. However, there were significant corrections, with Bitcoin and Ethereum retracting over 10% and 15%, respectively.

特朗普最近要求組建一個工作組，提議美國戰略加密保護區，其中包括比特幣，以太坊，XRP，Solana和Cardano等資產。在此公告之後，這些加密貨幣從以前的低點經歷了顯著的籃板，其中有些人數上升了10％至70％。但是，有明顯的校正，比特幣和以太坊分別縮回10％和15％。

In a communication to clients, Hougan elaborated on why the market's reaction has been muted. He attributed it largely to the inclusion of altcoins, which he believes were selected to appeal to a broader audience and secure bipartisan support. He noted that featuring speculative assets like Cardano may reflect a political strategy rather than a sound financial decision.

在與客戶的溝通中，Hougan詳細闡述了市場的反應為何被靜音。他將其歸因於替代幣的包含，他認為它被選為吸引更廣泛的受眾並獲得兩黨支持。他指出，像卡丹諾這樣的投機資產以投機資產為特色，可能反映出政治策略，而不是一個明智的財務決策。

However, Hougan highlighted three pivotal aspects that the market may have overlooked. Firstly, Trump's "negotiative" approach, evident in his statement that "anything is on the table," implies that the initial proposal will be subject to change and negotiation.

但是，霍根（Hougan）強調了市場可能忽略的三個關鍵方面。首先，特朗普的“談判性”方法在他的聲明中表明“任何東西都在桌子上”，這意味著最初的提案將發生變化和談判。

Secondly, he highlighted the competitive aspect of the U.S.'s involvement, stating that "if the U.S. is getting involved, it means other countries are already doing it." This signals a global accumulation of Bitcoin, and the U.S.'s entry could lead to heightened competition among nations to secure the cryptocurrency.

其次，他強調了美國參與的競爭方面，並指出：“如果美國參與其中，這意味著其他國家已經在這樣做。”這標誌著比特幣的全球積累，美國的進入可能會導致國家之間的競爭加劇，以確保加密貨幣。

Thirdly, Hougan emphasized that once acquired, these cryptocurrencies will likely be retained for the long term, rendering them "a net addition to the U.S. balance sheet."

第三，Hougan強調，一旦獲得，這些加密貨幣可能會長期保留，從而使它們“成為美國資產負債表的淨額”。

Industry leaders such as Bitwise CEO Hunter Horsley and Coinbase's Brian Armstrong align with Hougan's perspective, having previously advocated for a reserve focused solely on Bitcoin.

Bitwise首席執行官Hunter Horsley和Coinbase的Brian Armstrong等行業領導者與Hougan的觀點保持一致，此前曾提倡僅專注於比特幣的儲備。

"I think ultimately the administration will land on a clean strategy for a Bitcoin reserve, which is a good outcome. We're not there yet, but it's still early in the process," Hougan added.

Hougan補充說：“我認為，政府最終將採用比特幣儲備的清潔策略，這是一個很好的結果。我們還不到了，但這仍然是在此過程的早期。”

Overall, Hougan remains optimistic that the Trump administration will eventually propose a more cohesive reserve strategy, and he believes that the U.S. government's recognition of crypto assets as having "strategic significance" is a constructive shift, which he thinks the market will come to appreciate over time.

總體而言，霍根仍然對特朗普政府最終提出更具凝聚力的儲備戰略仍然樂觀，他認為美國政府對加密資產具有“戰略意義”的認可是一種建設性的轉變，他認為市場將隨著時間的流逝而欣賞。