美国政府的比特币储备政策：未来的可能性

研究显示，美国政府目前持有 183,850 枚 BTC，价值约 173.6 亿美元

The United States government currently holds a substantial amount of Bitcoin (BTC), with recent data indicating approximately 183,850 BTC. These holdings are primarily the result of asset seizures, such as those carried out in the Silk Road case. The BTC is distributed across multiple known wallet addresses.

美国政府目前持有大量比特币（BTC），最新数据显示约为 183,850 BTC。这些资产主要是资产扣押的结果，例如丝绸之路案中的资产扣押。 BTC 分布在多个已知的钱包地址中。

While some speculation suggests that the government may increase its Bitcoin holdings, Galaxy Digital’s head of research, Alex Thorn, stated that they expect no new Bitcoin purchases are expected in the coming year.

虽然一些猜测表明政府可能会增加比特币持有量，但 Galaxy Digital 的研究主管 Alex Thorn 表示，他们预计明年不会购买新的比特币。

Bitcoin Reserve Policy: A Future Possibility

比特币储备政策：未来的可能性

Despite the lack of anticipated new purchases, the report notes that government agencies may explore an “expanded Bitcoin reserve policy.” According to Thorn, there may be movements within various departments to examine how the government could utilize its existing Bitcoin in future strategies. These discussions may pave the way for a broader, more formalized reserve policy.

尽管缺乏预期的新购买，但报告指出，政府机构可能会探索“扩大比特币储备政策”。索恩表示，各个部门可能会采取行动，研究政府如何在未来的战略中利用现有的比特币。这些讨论可能为更广泛、更正式的储备政策铺平道路。

One such policy, introduced by Wyoming Senator Cynthia Lummis, is the Bitcoin Act 2024, which suggests that the US government purchase 200,000 BTC each year for five years in a row, accumulating a reserve of one million BTC. However, given the current position, this ambitious plan does not seem plausible to get through in 2025.

其中一项由怀俄明州参议员 Cynthia Lummis 提出的政策是《2024 年比特币法案》，该法案建议美国政府连续五年每年购买 20 万个 BTC，积累 100 万个 BTC 的储备。然而，鉴于目前的情况，这一雄心勃勃的计划似乎不太可能在 2025 年实现。

This cautious stance by the US government might have wider ramifications for Bitcoin adoption around the world. Japanese Prime Minister Shigeru Ishiba has stated that his country will not take a definitive position on Bitcoin reserves until more is known about what the US government is going to do. Former Binance CEO Changpeng Zhao has indicated smaller nations could be among the first to adopt Bitcoin reserves, to be followed over time by China.

美国政府的这种谨慎立场可能会对比特币在全球的采用产生更广泛的影响。日本首相石破茂表示，在更多地了解美国政府将采取什么行动之前，日本不会对比特币储备采取明确立场。币安前首席执行官赵长鹏表示，较小的国家可能是最先采用比特币储备的国家之一，随着时间的推移，中国也会紧随其后。

State-Level Bitcoin Adoption Gaining Momentum

国家级比特币采用势头强劲

As the federal government shows restraint, several US states are less bashful in considering the possibility of the inclusion of Bitcoin in their reserves. Ohio, Texas, and Pennsylvania have moved or are moving legislation that would allow state treasuries to hold Bitcoin as a portion of their financial reserve. Growing interest at the state level is a presage of how Bitcoin can be integrated into official financial systems.

由于联邦政府表现出克制，美国几个州在考虑将比特币纳入其储备的可能性时不再那么羞涩。俄亥俄州、德克萨斯州和宾夕法尼亚州已经或正在制定立法，允许州财政部持有比特币作为其财政储备的一部分。国家层面日益浓厚的兴趣预示着比特币将如何融入官方金融系统。

For instance, the Texas Strategic Bitcoin Reserve Act would require the state to make Bitcoin a reserve asset to be held for at least five years. A bill in Pennsylvania would let its treasury invest as much as 10% of its balance sheet in Bitcoin as a hedge against economic uncertainty.

例如，德克萨斯州战略比特币储备法案要求该州将比特币作为储备资产，并持有至少五年。宾夕法尼亚州的一项法案将允许其财政部将其资产负债表的 10% 投资于比特币，以对冲经济不确定性。

Impacts of a Bitcoin Reserve Policy

比特币储备政策的影响

The potential for a formal Bitcoin reserve policy, whether at the state or federal level, could have significant impacts on both the market and the wider economy. A commitment from the US government to purchase Bitcoin could increase demand and, in turn, raise prices. This might also set a global precedent, encouraging other nations to follow suit, particularly those with large sovereign wealth funds or those seeking to diversify their financial assets.

正式的比特币储备政策的潜力，无论是在州还是联邦层面，都可能对市场和更广泛的经济产生重大影响。美国政府购买比特币的承诺可能会增加需求，进而提高价格。这也可能开创全球先例，鼓励其他国家效仿，特别是那些拥有大型主权财富基金或寻求金融资产多元化的国家。

A strategic reserve could also have important geopolitical ramifications, strengthening the US’s position in the global digital economy and providing a counterbalance to the increasing exploration of central bank digital currencies (CBDCs) by other countries.

战略储备还可能产生重要的地缘政治影响，加强美国在全球数字经济中的地位，并为其他国家日益探索央行数字货币（CBDC）提供制衡。

Shaping the Future of Bitcoin in the National Economy

塑造比特币在国民经济中的未来

While the US government is unlikely to purchase additional Bitcoin in 2025, its ongoing discussions around Bitcoin reserves and the potential for a future reserve policy highlight the growing importance of cryptocurrencies in national economic strategies. Whether through leveraging existing holdings or considering a more formal accumulation plan, the US’s stance on Bitcoin will undoubtedly influence global market dynamics and shape the future of digital assets.

尽管美国政府不太可能在 2025 年购买更多比特币，但围绕比特币储备和未来储备政策潜力的持续讨论凸显了加密货币在国家经济战略中日益增长的重要性。无论是通过利用现有持有量还是考虑更正式的积累计划，美国对比特币的立场无疑将影响全球市场动态并塑造数字资产的未来。

This evolving landscape signals a more significant institutional adoption of Bitcoin, with state governments and corporations likely to take the lead as they explore the strategic value of digital assets in a rapidly changing financial environment.

这种不断变化的格局标志着比特币在机构上的采用更加广泛，州政府和企业可能会带头探索数字资产在快速变化的金融环境中的战略价值。