唐纳德·特朗普（Donald Trump）承诺创建“战略性国家比特币储备”

在7月在纳什维尔举行的比特币会议上，唐纳德·特朗普（Donald Trump）承诺创建“战略性国家比特币储备”。到3月2日星期日上午，该储备还包括Ether（ETH），XRP，Solana（Sol）和Cardano（ADA）以及比特币（BTC）。

At the Bitcoin Conference in Nashville in July, Donald Trump pledged to create a “strategic national bitcoin reserve.”

在7月在纳什维尔举行的比特币会议上，唐纳德·特朗普（Donald Trump）承诺创建“战略性国家比特币储备”。

By Sunday morning March 2, that reserve also included ether (ETH), XRP, Solana (SOL) and Cardano (ADA) alongside bitcoin (BTC).

到3月2日星期日上午，该储备还包括Ether（ETH），XRP，Solana（Sol）和Cardano（ADA）以及比特币（BTC）。

Trump’s message on Truth Social said his presidential working group was making progress on creating the larger-scope crypto reserve, igniting a torrent of feedback from across the crypto community.

特朗普关于真相的信息社会表示，他的总统工作组正在进步，在创建更大的加密保护区，点燃了来自加密货币社区的大量反馈。

Many complained that the reserve isn’t just sticking to bitcoin. Others asked if the U.S. should be stockpiling tokens like XRP and Cardano at all. Others wondered what might have changed Trump’s mind. Trump said he wanted to make the U.S. the “crypto capital of the world” and his timing seemed aimed at retail traders. “I love the genius of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps. For the first time, retail investors win,” tweeted Trump’s son, Eric Trump, Sunday night.

许多人抱怨说，储备金不仅要坚持比特币。其他人问美国是否应该像XRP和Cardano这样的库存令牌。其他人想知道可能会改变特朗普的想法。特朗普说，他想让美国成为“世界的加密之都”，他的时机似乎是针对零售商人的。 “我喜欢在周日宣布传统市场和华尔街睡觉时宣布战略储备的天才。散户投资者第一次获胜。

The assets’ prices rose almost immediately, with ADA benefitting in particular. Still, there’s a lot we don’t know about the “Crypto Strategic Reserve.”

资产的价格几乎立即上涨，ADA尤其受益。尽管如此，我们对“加密战略储备”的了解很多。

Trump’s Sunday morning message was the first time the administration had said there would be five assets in the portfolio. Beyond that, details are sketchy. Here are some big questions.

特朗普的周日早晨消息是政府第一次说投资组合中将有五个资产。除此之外，细节是粗略的。这是一些大问题。

1. Is he serious?

1。他是认真的吗？

The U.S. already owns more than 200,000 BTC which was claimed through administrative warrants and forfeiture over several years. Experts say this could be the basis for a National Reserve without Congressional approval. But a multi-coin crypto reserve would surely require Congress to pass legislation.

美国已经拥有超过200,000 BTC，这是通过行政认股权证和几年中没收的。专家说，这可能是未经国会批准的国家预备役的基础。但是，多芯加密保护区肯定会要求国会通过立法。

Wyoming Senator Cynthia Lummis has proposed legislation that would see the U.S. buy $20 billion in the first year, and 20,000 more BTC in each of the following four years to take the U.S. stockpile to one million BTC. Lummis’s views on the now-expanded multi-coin reserve are unknown. She was planning to meet with industry leaders to discuss the matter on March 11. Will she now propose different legislation?

怀俄明州参议员辛西娅·卢米斯（Cynthia Lummis）提出了立法，该立法将使美国在第一年购买200亿美元，而在接下来的四年中，美国将增加20,000 BTC，以将美国股票带到100万BTC。 Lummis对现在扩展的多芯储备的看法尚不清楚。她打算与行业领导人会面，在3月11日讨论此事。她现在会提出不同的立法吗？

The other, subsidiary question is how the U.S. might pay for the expanded portfolio. Crypto is publicly traded and has a public price. It’s not clear from Trump’s message whether his administration will seek a new spending appropriation. Could the U.S. sell gold to buy crypto? We don’t know.

另一个子公司问题是美国如何为扩大的投资组合付费。加密货币公开交易，有公共价格。从特朗普的信息中不清楚他的政府是否会寻求新的支出拨款。美国可以出售黄金购买加密货币吗？我们不知道。

2. Why Include Solana, XRP and Cardano? Will There Be Others?

2。为什么包括Solana，XRP和Cardano？会有其他吗？

As many on X have noted, there are logical reasons to include bitcoin in a strategic reserve. “We're talking about a reserve, and Bitcoin is the undisputed store of value for the digital age,” noted Hunter Horsely, the CEO of Bitwise. Bitcoin is “digital gold” and BTC’s “dominance” of the market is still north of 60%. BTC is the first asset any holder holds.

正如X上的许多人所指出的那样，有逻辑上的理由将比特币包括在战略储备中。 Bitwise首席执行官Hunter Horsely指出：“我们正在谈论的储备金，比特币是数字时代无可争议的价值存储。”比特币是“数字黄金”，BTC在市场上的“优势”仍在60％的北部。 BTC是任何持有人持有的第一资产。

It’s harder to make a straightforward case for the other coins. For example, Cardano, with a dominance of 1.1%, is best known as an environment to build decentralized applications (dApps). It doesn’t have ETFs like bitcoin and ether and isn’t accepted by TradFi to nearly the same extent.

为其他硬币制作简单的案例是很难的。例如，Cardano占1.1％的Cardano是建立分散应用程序（DAPP）的环境。它没有像比特币和乙醚之类的ETF，而Tradfi的程度几乎没有被Tradfi接受。

The five coins are being chosen for two different reasons. BTC and ETH are fully decentralized. Solana, XRP and Cardano are Made in America, and Trump may be including them to promote the U.S. crypto industry. Trump’s announcement seemed to leave open the possibility that the reserve could include other coins in the future.

选择了五枚硬币是出于两个不同的原因。 BTC和ETH已完全分散。 Solana，XRP和Cardano是在美国制造的，特朗普可能将它们包括在内，以促进美国加密货币行业。特朗普的宣布似乎使该储备在将来可能包含其他硬币的可能性敞开了大门。

3. Will the States Follow Suit?

3。各州会效仿吗？

CoinDesk’s Jesse Hamilton wrote recently that up to 22 states are considering creating their own crypto reserves, mostly in bitcoin. Will they now consider a wider range of assets?

Coindesk的杰西·汉密尔顿（Jesse Hamilton）最近写道，多达22个州正在考虑创建自己的加密储备，主要是在比特币中。他们现在会考虑更广泛的资产吗？

4. Will Crypto Support It?

4。加密货币会支持吗？

The reaction to Trump’s announcement across professional crypto was tepid-to-critical. Trump announced the reserve at Nashville aiming to please his audience. But today it’s not clear that the crypto industry is 100% behind his plan to bring the reserve about. If the measure gets pushback in Congress, the administration will need industry support, so that might be a worry for its backers. Certainly, Polymaket bettors are skeptical that the reserve will come about soon.

对特朗普在专业加密货币的宣布的反应是至关重要的。特朗普宣布在纳什维尔的保护区，目的是取悦他的听众。但是今天，目前尚不清楚加密货币行业100％落后于他的预备役计划。如果该措施在国会中得到阻碍，则政府将需要行业支持，因此这可能会使其支持者感到担忧。当然，Polymaket Bettors对储备很快就会出现持怀疑态度。