越来越多的中央银行正在投资加密货币

新闻报道给人留下了明显的印象，即更多的中央银行正在为加密货币投资。但是，最近的中央银行调查

A recent Central Banking survey, about central bank reserves, indicates that while press reports may give the distinct impression that more central banks are warming to investing in cryptocurrencies, the complete picture is mixed.

关于中央银行储备的最近一项有关中央银行的调查表明，尽管新闻报道可能给人以明显的印象，即更多的中央银行正在为投资加密货币投资，但完整的情况是混杂的。

Last year’s survey of 156 central banks, which collectively manage more than $7 trillion in reserves, found that 15.9% of respondents would consider investing in digital assets or currencies. The time frame for such investments was slated for five to ten years.

去年对156家中央银行的调查，共同管理超过7万亿美元的储量，发现15.9％的受访者将考虑投资数字资产或货币。此类投资的时间范围定于五到十年。

However, in the 2025 survey, the figure for cryptocurrencies over the same timescale was just 2.1%, and none of the 91 central banks that manage more than $7 trillion in reserves currently have digital asset investments.

但是，在2025年的调查中，同一时间级的加密货币数字仅为2.1％，目前管理超过7万亿美元的储备金的91家中央银行目前都没有数字资产投资。

In terms of bitcoin specifically, the survey results showed that no central banks currently consider it an appropriate investment class. However, a quarter of respondents (23%) were unsure, and nearly a twelfth (11.6%) said cryptocurrencies are becoming a more credible investment.

在比特币方面，调查结果表明，目前没有中央银行认为这是适当的投资类。但是，四分之一的受访者（23％）不确定，将近十二（11.6％）表示，加密货币正在成为更可靠的投资。

Those figures might surprise those who assume central bankers are averse to anything outside of traditional asset classes.

这些数字可能会让那些假设中央银行者不愿与传统资产类别以外的任何事物感到厌恶的人感到惊讶。

When it came to the idea of a bitcoin strategic reserve, just one central bank was supportive, with 50 (59.5%) against the idea. However, a significant number (33, or 39.3%) were unsure.

当涉及比特币战略储备的想法时，只有一家中央银行支持该想法，其中有50（59.5％）。但是，不确定数量（33或39.3％）。

The survey was conducted in January and February, before Trump’s March executive order regarding the creation of a Strategic Bitcoin Reserve as well as a U.S. Digital Asset Stockpile. That said, he briefly mentioned the idea in an earlier January digital asset executive order.

该调查是在特朗普的《行进行政命令》中关于创建战略比特币储备以及美国数字资产库存之前进行的。也就是说，他在1月初的数字资产行政命令中简要提到了这个想法。

Those who follow the crypto sphere might be inclined to view bitcoin as a safe haven asset, although sometimes its price performance mirrors the stock market direction.

那些遵循加密球体的人可能倾向于将比特币视为避风港资产，尽管有时其价格绩效反映了股票市场的方向。

During the coming year, the more traditional safe haven, gold, will attract more investment from central bankers, with 27 out of 72 (37.5%) planning to increase their positions, and none looking to reduce their exposure.

在来年，更传统的避风港黄金将吸引中央银行的更多投资，其中72个（37.5％）计划提高其头寸，没有人希望减少其曝光率。

Despite the survey being conducted earlier in the year, before the latest round of US tariffs, survey respondents cited US protectionist policies as the single biggest risk. That risk might have transpired a little sooner and larger than anticipated.

尽管调查是在今年早些时候进行的，但在美国最新一轮的关税之前，调查受访者将美国贸易保护主义政策视为最大的风险。这种风险可能比预期的要早一些。