唐纳德·特朗普关于设立 900 亿美元比特币储备的提议引发了金融专家的争论

安东尼·庞普里亚诺 (Anthony Pompliano) 等倡导者称这是对抗不丹和萨尔瓦多等国家日益增长的加密货币影响力的重要一步，而批评者则质疑其可行性和影响。

Donald Trump’s proposal to establish a $90 billion U.S. Bitcoin reserve has sparked a heated debate among financial experts. While advocates like Anthony Pompliano argue that the move is crucial to counter the growing crypto influence of nations like Bhutan and El Salvador, critics remain skeptical about its feasibility and impact.

唐纳德·特朗普提议设立 900 亿美元的美国比特币储备，引发了金融专家的激烈争论。尽管 Anthony Pompliano 等倡导者认为此举对于对抗不丹和萨尔瓦多等国家日益增长的加密货币影响力至关重要，但批评者仍然对其可行性和影响持怀疑态度。

Bhutan and El Salvador have already integrated Bitcoin into their national reserves, highlighting the strategic importance of establishing a U.S. Bitcoin Reserve, according to Anthony Pompliano, founder and CEO of Professional Capital Management, as reported by Coingape.

据 Coingape 报道，专业资本管理公司创始人兼首席执行官 Anthony Pompliano 表示，不丹和萨尔瓦多已经将比特币纳入其国家储备，这凸显了建立美国比特币储备的战略重要性。

Despite Bhutan's current status as a small global economy, its aggressive approach toward Bitcoin could propel it to become a major economy in the future, Pompliano noted, emphasizing the need for immediate action within the U.S. Notably, Bhutan's Bitcoin holdings recently surpassed the $1 billion mark.

Pompliano 指出，尽管不丹目前是一个小型全球经济体，但其对比特币的积极态度可能会推动其成为未来的主要经济体，并强调美国需要立即采取行动。值得注意的是，不丹的比特币持有量最近超过了 10 亿美元大关。

The market analyst further highlighted El Salvador's potential to become a world economy as a result of its exposure to Bitcoin. When asked to elaborate on the necessity of the Bitcoin reserve, Pompliano stated:

市场分析师进一步强调了萨尔瓦多因其对比特币的投资而有成为世界经济体的潜力。当被要求详细说明比特币储备的必要性时，Pompliano 表示：

“This asset (Bitcoin) is so asymmetric. If it continues to propel, it will translate into billions of dollars on their balance sheets while the US struggles with a growing national debt.”

“这种资产（比特币）非常不对称。如果它继续推进，它们的资产负债表上将转化为数十亿美元，而美国则在与不断增长的国债作斗争。”

During a speech at a Bitcoin conference in July, ahead of the election, Donald Trump mentioned that the U.S. would be keeping all of its Bitcoins to create a U.S. Bitcoin Reserve for the "good of all Americans."

唐纳德·特朗普在 7 月份大选前的比特币会议上发表演讲时提到，美国将保留所有比特币，为“所有美国人的利益”创建美国比特币储备。

While the outcome remains uncertain, the concept evolved into what crypto enthusiasts now refer to as a strategic U.S. Bitcoin reserve; some, such as Senator Cynthia Lummis, have even proposed selling gold to acquire up to 1 million Bitcoins. With such a Bitcoin reserve, the United States would dominate the Bitcoin economy, which is currently valued at almost $90 billion at today's market prices.

尽管结果仍不确定，但这一概念已演变为加密货币爱好者现在所说的美国比特币战略储备；有些人，例如参议员辛西娅·鲁米斯（Cynthia Lummis），甚至提议出售黄金来购买最多 100 万个比特币。有了这样的比特币储备，美国将主导比特币经济，按当今的市场价格计算，比特币目前的价值接近 900 亿美元。

The idea behind a Strategic U.S. Bitcoin Reserve is to create a government-held asset that can bolster the economy during financial turbulence.

美国战略比特币储备背后的想法是创建一种政府持有的资产，可以在金融动荡期间提振经济。

Given its decentralized and scarce nature, a BTC reserve could serve as a valuable tool in the fight against inflation, currency devaluation, and global economic instability. Donald Trump's stance aligns with the rising trend of governments embracing Bitcoin as a "digital gold" and its appeal among nations seeking financial independence.

鉴于其去中心化和稀缺性，比特币储备可以成为对抗通货膨胀、货币贬值和全球经济不稳定的宝贵工具。唐纳德·特朗普的立场与政府将比特币视为“数字黄金”的日益增长的趋势及其对寻求金融独立的国家的吸引力是一致的。

Highlighting the disparity between Bitcoin's and gold's market capitalizations, which currently stand at $1.7 trillion and $17 trillion, respectively, Pompliano drew a comparison between the two. He predicted that Bitcoin's market capitalization would surpass gold's due to its superiority as a digital store of value.

Pompliano 强调了比特币和黄金市值之间的差距（目前分别为 1.7 万亿美元和 17 万亿美元），并对两者进行了比较。他预测，由于比特币作为数字价值储存手段的优越性，其市值将超过黄金。

Institutions are always outpacing their analog counterparts in the digital realm, according to Pompliano. He argued that protecting money from inflation and currency devaluation is a global concern that Bitcoin's primary use case—storing value—solves. According to him, Bitcoin offers a deflationary, capped alternative to fiat currencies that nations and individuals may choose from, while central banks are always devaluing them.

庞普里亚诺表示，机构在数字领域总是超越模拟同行。他认为，保护货币免受通货膨胀和货币贬值的影响是全球关注的问题，而比特币的主要用例（存储价值）可以解决这一问题。据他介绍，比特币提供了一种通货紧缩的、有上限的法定货币替代品，可供国家和个人选择，而央行却总是在贬值它们。

Pompliano went on to explain how that could be a secondary effect of Trump's plan to establish a U.S. Bitcoin reserve.

庞普里亚诺接着解释了这可能是特朗普建立美国比特币储备计划的次要影响。

If the federal government is willing to invest in Bitcoin, then all levels of government should follow suit. “You’re sitting with cash that's guaranteed to lose value. Sitting in 100% cash is the wrong answer if you want to fulfill your fiduciary duty,” he claimed.

如果联邦政府愿意投资比特币，那么各级政府都应该效仿。 “你持有的现金肯定会贬值。如果你想履行你的信托义务，持有 100% 现金是错误的答案，”他声称。

Pointing to MicroStrategy's performance under Michael Saylor's leadership, which included the acquisition of 27,200 BTC, he claimed that massive institutional investment in Bitcoin shielded investors against inflation. Furthermore, Pompliano urged governments worldwide to "get off zero" and consider allocating at least one percent of their budget to Bitcoin.

在谈到 MicroStrategy 在 Michael Saylor 领导下的表现（包括收购 27,200 BTC）时，他声称对比特币的大规模机构投资可以保护投资者免受通货膨胀的影响。此外，Pompliano 敦促世界各国政府“摆脱零”，并考虑将至少 1% 的预算分配给比特币。

Despite President-elect Donald Trump's proposal, billionaire Galaxy Digital CEO Michael Novogratz expressed doubt about the idea of strategically adopting a U.S. Bitcoin reserve. He was adamant that the Bitcoin reserve would not materialize under Trump.

尽管当选总统唐纳德·特朗普提出了这一提议，但亿万富翁 Galaxy Digital 首席执行官迈克尔·诺沃格拉茨 (Michael Novogratz) 对战略性采用美国比特币储备的想法表示怀疑。他坚信，在特朗普的领导下，比特币储备不会实现。

However, he did acknowledge the potential strategic benefit of such a move. “It would be very smart for the United States to take the Bitcoin they have and maybe add some to it,” he suggested. “That would signal to the world that we are a technology-first country, a crypto, digital asset-first country. I don't necessarily think that the dollar needs anything to back it up, but it would make a statement.”

然而，他确实承认此举的潜在战略利益。 “对美国来说，拿走他们拥有的比特币并可能添加一些比特币是非常明智的做法，”他建议道。 “这将向世界表明我们是一个技术第一的国家，一个加密货币、数字资产第一的国家。我不一定认为美元需要任何东西来支撑，但它会做出一个声明。”

Bitcoin Hits Record $90,291 Amid Reserve Speculation

比特币在储备投机中创下 90,291 美元的纪录

According to Novogratz, the establishment of a U.S. Bitcoin reserve would result in a substantial price increase for Bitcoin. “If we get the BTC reserve, as a guy who owns a lot of Bitcoin, I won't cry,” he joked. “I think Bitcoin heads to $500,000. It's a different paradigm because it forces every

诺沃格拉茨表示，美国比特币储备的建立将导致比特币价格大幅上涨。 “如果我们得到比特币储备，作为一个拥有大量比特币的人，我不会哭，”他开玩笑说。 “我认为比特币将达到 50 万美元。这是一个不同的范式，因为它迫使每个人