比特币储备法案：比特币和全球经济的历史性转折点

比特币储备法案由参议员 Cynthia Lummis 提出，旨在为美国提供一个创新的法律框架来整合比特币

The crypto ecosystem may be entering a new phase of transformation, as a significant political initiative emerges that could disrupt the historical foundations of the market. U.S. Senator Cynthia Lummis has proposed the Bitcoin Reserve Act, a bill that would see bitcoin recognized as a strategic reserve asset for the United States.

随着一项可能破坏市场历史基础的重大政治举措的出现，加密生态系统可能正在进入一个新的转型阶段。美国参议员辛西娅·鲁米斯 (Cynthia Lummis) 提出了《比特币储备法案》，该法案将把比特币视为美国的战略储备资产。

This initiative, which plans for the gradual integration of one million bitcoins into U.S. federal reserves, takes place in a context of growing economic and geopolitical rivalries. As powers like Russia and Germany are also considering adopting similar strategies, this project is particularly eye-catching. Furthermore, the implications of such a move extend beyond American borders and redefine the role of Bitcoin on the international stage, granting it an unprecedented status in the history of cryptos.

这项计划计划逐步将 100 万比特币纳入美国联邦储备，是在经济和地缘政治竞争日益激烈的背景下进行的。由于俄罗斯、德国等大国也在考虑采取类似战略，这一项目尤其引人注目。此外，此举的影响超越了美国边界，并重新定义了比特币在国际舞台上的角色，赋予其在加密货币历史上前所未有的地位。

The Bold Proposal of the Bitcoin Reserve Act

比特币储备法的大胆提议

The Bitcoin Reserve Act, proposed by Senator Cynthia Lummis, aims to provide the United States with an innovative legal framework to integrate bitcoin into their strategic reserves. This bill foresees the purchase of 200,000 bitcoins per year over a period of five years, allowing the U.S. government to accumulate a total of one million bitcoins.

比特币储备法案由参议员辛西娅·鲁米斯 (Cynthia Lummis) 提出，旨在为美国提供一个创新的法律框架，将比特币纳入其战略储备。该法案预计在五年内每年购买 20 万个比特币，使美国政府能够积累总共 100 万个比特币。

Such an initiative reflects an ambitious vision, aiming to make bitcoin a pillar of U.S. public finances in order to consolidate its status as a globally recognized asset. Iliya Kalchev, an analyst at Nexo, called this initiative a “historic moment for bitcoin.” He believes it could officially legitimize it as a “global financial instrument.”

这一举措体现了一个雄心勃勃的愿景，旨在使比特币成为美国公共财政的支柱，以巩固其作为全球公认资产的地位。 Nexo 分析师 Iliya Kalchev 称这一举措是“比特币的历史性时刻”。他相信这可以正式使其成为“全球金融工具”合法化。

Support for this proposal finds particular resonance in the camp of elected President Donald Trump, known for his pro-crypto positions. Thus, in an interview with CNBC, Trump compared the establishment of a strategic bitcoin stockpile to that of U.S. oil reserves, highlighting its potential as a national reserve asset.

对这一提案的支持在当选总统唐纳德·特朗普的阵营中引起了特别的共鸣，他以支持加密货币的立场而闻名。因此，特朗普在接受 CNBC 采访时，将比特币战略储备的建立与美国石油储备的建立进行了比较，强调了其作为国家储备资产的潜力。

This position was corroborated by Denis Porter, co-founder of the Satoshi Act Fund. In a post dated December 15, 2024, on social network X (formerly Twitter), Porter stated that Trump’s team is actively examining the idea of an executive order to create a strategic reserve of bitcoins.

这一立场得到了 Satoshi Act Fund 联合创始人 Denis Porter 的证实。波特在社交网络 X（前身为 Twitter）上于 2024 年 12 月 15 日发布的帖子中表示，特朗普的团队正在积极研究行政命令的想法，以建立比特币战略储备。

However, despite this apparent enthusiasm, notable obstacles could hinder the realization of the project. While a presidential decree would lay the initial groundwork, the sustainability of such an initiative would depend on a vote in Congress. This legislative passage is crucial to protect the program from potential political shifts, especially during changes in majority.

然而，尽管有这种明显的热情，但明显的障碍可能会阻碍该项目的实现。虽然总统令将奠定初步基础，但这一举措的可持续性将取决于国会的投票。这条立法通过对于保护该计划免受潜在政治变化的影响至关重要，特别是在多数派变更期间。

Such political uncertainty illustrates the inherent challenges of implementing such an ambitious strategy, in a context where bitcoin remains a topic of debate within American institutions.

在比特币仍然是美国机构内部争论话题的背景下，这种政治不确定性说明了实施如此雄心勃勃的战略所面临的固有挑战。

A Global Competition and a Disruption of Market Dynamics

全球竞争和市场动态的破坏

The impact of the Bitcoin Reserve Act could extend well beyond American borders, triggering an unprecedented global dynamic. According to several experts, this initiative would push other nations to build their own bitcoin reserves to avoid losing their economic competitiveness.

比特币储备法案的影响可能远远超出美国边界，引发前所未有的全球动态。几位专家表示，这一举措将推动其他国家建立自己的比特币储备，以避免失去经济竞争力。

George S. Georgiades, a lawyer specializing in cryptos, described this project as a possible catalyst for widespread adoption: “the implementation of the Bitcoin Reserve Act would lead to a major change for global adoption. It could force nations to follow suit or risk being left behind.”

专门从事加密货币的律师 George S. Georgiades 将该项目描述为广泛采用的可能催化剂：“比特币储备法的实施将导致全球采用的重大变化。它可能会迫使各国效仿，否则就有被抛在后面的风险。”

Such international competition could accelerate bitcoin’s transformation into a global monetary standard, positioning this crypto as an indispensable strategic asset.

这种国际竞争可能会加速比特币向全球货币标准的转变，使这种加密货币成为不可或缺的战略资产。

This change would also have profound consequences on the behaviors of institutional investors. Thus, unlike traditional bitcoin cycles, historically dominated by the halving and characterized by periods of strong growth followed by brutal corrections, sustained demand from states and financial institutions could significantly reduce volatility.

这一变化也将对机构投资者的行为产生深远的影响。因此，与传统的比特币周期不同，传统的比特币周期历来以减半为主，其特点是强劲增长时期和随后的残酷调整，来自国家和金融机构的持续需求可以显着减少波动性。

This evolution, already perceptible, would call into question the famed four-year cycles. “We are already observing structural changes, and the four-year cycles have been questioned repeatedly,” emphasizes Iliya Kalchev.

这种已经显而易见的演变将使人们对著名的四年周期产生疑问。 “我们已经在观察结构性变化，四年周期一再受到质疑，”伊利亚·卡尔切夫强调说。

In the longer term, this disruption could introduce increased stability in the markets, attracting more institutional investors. These investors, with their disciplined strategies and greater financial capacities, would be able to sustainably influence current dynamics. Indeed, the strengthened presence of institutional players could transform bitcoin into a market less reactive to the speculative behaviors of individuals, thus reducing the amplitude of price fluctuations.

从长远来看，这种混乱可能会提高市场的稳定性，吸引更多的机构投资者。这些投资者凭借其严格的策略和更强的财务能力，将能够持续影响当前的动态。事实上，机构参与者的加强可以将比特币转变为一个对个人投机行为反应较小的市场，从而减少价格波动的幅度。

In this context, the adoption of the Bitcoin Reserve Act would pave the way for a new era, where bitcoin would be more than just a reserve asset, but a true pillar of global financial systems.

在这种背景下，《比特币储备法》的通过将为新时代铺平道路，在这个新时代，比特币将不仅仅是一种储备资产，而是全球金融体系的真正支柱。

The adoption of the Bitcoin Reserve Act could mark a historic turning point in the way governments view cryptos, redefining the role of bitcoin on the international stage. This initiative could transform the crypto into an indispensable strategic asset, aiming to sustainably influence the dynamics of financial markets. However, this bold vision is not without risks. Increased volatility could arise in the short term, while a new balance is established.

《比特币储备法》的通过可能标志着政府看待加密货币方式的历史性转折，重新定义了比特币在国际舞台上的作用。这一举措可以将加密货币转变为不可或缺的战略资产，旨在可持续地影响金融市场的动态。然而，这个大胆的愿景并非没有风险。在建立新的平衡的同时，短期内波动可能会加剧。