欧洲中央银行可能会重新考虑与国家银行的联系，这些国家银行为储备金增加比特币：欧洲央行董事会成员

欧洲央行董事会成员皮尔·米尔隆（Piero Cipollone）表示，欧洲中央银行（ECB）可能会重新考虑其与任何增加比特币的欧洲国家银行的关系。

The European Central Bank (ECB) may reconsider its relationship with any European national bank that adds Bitcoin to its reserves, according to ECB board member Piero Cipollone.

欧洲央行董事会成员皮尔·米尔隆（Piero Cipollone）表示，欧洲中央银行（ECB）可能会重新考虑其与任何增加比特币的欧洲国家银行的关系。

In a Feb. 6 interview, Cipollone suggested that if a national bank integrates Bitcoin into its holdings, the institution would need to assess the risks associated with its repurchase agreements (repo) and swap lines.

在2月6日的访谈中，Cipollone建议，如果国家银行将比特币纳入其持股范围，则该机构将需要评估与其回购协议（Repo）和交换线路相关的风险。

He noted that the ECB would determine whether to maintain ties with such banks after conducting this evaluation. According to him:

他指出，欧洲央行将在进行此评估后确定是否与此类银行保持联系。据他说：

“We would need to do a risk management assessment of that. Let’s see if any central bank enters this space because I don’t fully see the rationale for it. We will assess it at that point in time, if it happens.”

“我们需要对此进行风险管理评估。让我们看看是否有任何中央银行进入此空间，因为我没有完全看到它的理由。如果发生的话，我们将在那个时间点进行评估。”

Cipollone reiterated his skepticism about Bitcoin’s role as a reserve asset. He emphasized that BTC lacks intrinsic value and suggested that its primary appeal comes from speculation on price appreciation.

Cipollone重申了他对比特币作为储备资产的作用的怀疑。他强调，BTC缺乏内在价值，并建议其主要吸引力来自对价格赞赏的猜测。

According to him, investing in BTC relies on the belief that its price will continuously rise, as the asset has no underlying value, backing, or earning model.

据他介绍，投资BTC依赖于这样的信念，即其价格将不断上涨，因为资产没有基本价值，支持或赚钱模式。

He stated:

他说：

“I am trying to be rational and think about why I should invest in bitcoin or another crypto-asset. The only rationale is if one thinks that the price will always go up. It doesn’t have any underlying value, there is no asset backing it, there is no earning model.”

“我试图保持理性，并思考为什么我应该投资比特币或其他加密资产。唯一的理由是，如果有人认为价格总是会上涨。它没有任何基本价值，没有资产支持它，没有收入模型。”

Cipollone’s comment follows recent developments in the Czech National Bank (CNB), which is evaluating the potential inclusion of Bitcoin in its reserve assets. However, ECB President Christine Lagarde has expressed confidence that the CNB and other major European central banks are unlikely to approve BTC as a reserve asset.

Cipollone的评论是在捷克国家银行（CNB）的最新发展之后，该事项正在评估潜在的比特币资产中。但是，欧洲央行总裁克里斯汀·拉加德（Christine Lagarde）表示，CNB和其他欧洲主要中央银行不太可能批准BTC作为储备资产。

Bitcoin vs Gold

比特币与黄金

Cipollone also dismissed comparisons between Bitcoin and gold, arguing that the two assets differ in market structure, transparency, and adoption.

Cipollone还驳回了比特币和黄金之间的比较，认为这两个资产在市场结构，透明度和采用方面有所不同。

While BTC shares some characteristics with gold, such as scarcity and a perceived store of value, he believes the comparison is flawed.

尽管BTC与黄金具有一些特征，例如稀缺性和可感知的价值存储，但他认为比较是有缺陷的。

He said:

他说：

“I would be careful about making the analogy. I don’t know how deep the market for gold is, but there are central banks in that market, and not just because of a legacy system. We should not stop at a superficial analogy between gold and bitcoin.”

“我会谨慎地进行类比。我不知道黄金市场有多深，但是在那个市场中有中央银行，而不仅仅是因为遗产制度。我们不应该停止黄金和比特币之间的表面类比。”

Cipollone further pointed out that gold benefits from historical significance and established commercial and industrial use, unlike BTC, which does not share these attributes.

Cipollone进一步指出，与BTC不同，黄金受益于历史意义，并建立了商业和工业用途，而BTC没有共享这些属性。

He remarked:

他说：

“[Central banks invest in gold] in part due to legacy, but gold has intrinsic, commercial and industrial value. Bitcoin does not have any of that.”

“ [中央银行投资黄金]部分是由于遗产，但黄金具有内在，商业和工业价值。比特币没有任何。”

He also argued that Bitcoin and gold are impractical for everyday transactions compared to fiat currencies, which facilitate payments and provide relative stability.

他还认为，与法定货币相比，比特币和黄金对于日常交易是不切实际的，这有助于付款并提供相对稳定性。