新墨西哥州介绍了开创性的法案，将5％的国家资金分配给比特币

新墨西哥州提出了一项开创性的提议，可以重新定义其金融格局。最近提议的法案试图将该州5％的公共资金分配给比特币，这表明传统的国家储备投资策略可能发生了变化。

The state of New Mexico has recently introduced a groundbreaking proposal that could redefine its financial landscape. A recently proposed bill seeks to allocate 5% of the state’s public funds to Bitcoin, signaling a potential shift in traditional investment strategies for state reserves. This move, if enacted, would position New Mexico among a growing number of states exploring cryptocurrency investments as part of their broader economic strategy.

新墨西哥州最近提出了一项开创性的提议，可以重新定义其金融景观。最近提议的法案试图将该州5％的公共资金分配给比特币，这表明传统的国家储备投资策略可能发生了变化。如果颁布，这一举动将在越来越多的州探索加密货币投资的州中定位新墨西哥州，这是其更广泛的经济战略的一部分。

The Proposal: Strategic Bitcoin Reserve Act

提案：战略比特币储备法

The proposal, officially named the Strategic Bitcoin Reserve Act, was introduced by Senator Ant Thornton in the New Mexico Senate. The bill suggests that the state should establish a Bitcoin reserve fund as a means of diversifying its investment portfolio. The aim is to capitalize on Bitcoin’s long-term price appreciation while also hedging against inflation and economic uncertainties.

该提案正式命名为《战略比特币储备法》，是由参议员蚂蚁·桑顿（Ant Thornton）在新墨西哥州参议院提出的。该法案建议该州应建立比特币储备基金，以作为使其投资组合多样化的一种手段。目的是利用比特币的长期价格赞赏，同时也对冲通货膨胀和经济不确定性。

According to the bill, the Bitcoin reserve would be managed by the State Investment Officer, under the guidance of the State Investment Council. The council would oversee the purchase, storage, and security of the digital assets, ensuring that the funds are managed prudently to minimize risk.

根据该法案，在国家投资委员会的指导下，比特币储备将由国家投资官员管理。理事会将监督数字资产的购买，存储和安全性，以确保对资金进行审慎管理以最大程度地降低风险。

Why Bitcoin? The Case for Cryptocurrency in Public Funds

为什么要比特币？公共资金中加密货币的案例

Bitcoin, often referred to as digital gold, has gained increasing acceptance as an asset class. Over the past decade, it has demonstrated remarkable price appreciation, outperforming traditional investments such as stocks, bonds, and gold. Several key arguments support New Mexico’s move to invest in Bitcoin:

比特币通常被称为数字黄金，作为资产类别的接受程度越来越多。在过去的十年中，它表现出了非凡的价格升值，超过了传统投资，例如股票，债券和黄金。 Several key arguments support New Mexico's move to invest in Bitcoin:

Diversification of State Funds: Governments and institutional investors are constantly seeking ways to diversify their portfolios. Bitcoin offers a unique investment option that is uncorrelated to traditional assets, providing a hedge against economic downturns and inflation.

国家资金的多元化：政府和机构投资者一直在寻求多样化其投资组合的方法。比特币提供了独特的投资选择，与传统资产无关，为经济低迷和通货膨胀提供了对冲。

Inflation Hedge: Bitcoin is often seen as a store of value due to its fixed supply of 21 million coins. Unlike fiat currencies, which are subject to inflationary pressures due to government policies and central bank interventions, Bitcoin’s supply is governed by a decentralized protocol. This scarcity makes it an attractive hedge against inflation, which has become a growing concern in the U.S. economy.

通货膨胀对冲：由于其固定供应2100万个硬币，比特币通常被视为价值存储。与法定货币不同的是，由于政府政策和中央银行的干预，该货币受到通货膨胀压力，比特币的供应受到分散方案的约束。这种稀缺性使其成为抵抗通货膨胀的吸引力，这在美国经济中越来越关注。

Potential for Long-Term Growth: Despite its volatility, Bitcoin has shown significant long-term appreciation. Historical data suggests that Bitcoin’s price has steadily increased over time, rewarding early investors with substantial gains. If New Mexico were to invest in Bitcoin, it could benefit from potential price appreciation over the years.

长期增长的潜力：尽管具有波动性，但比特币仍显示出明显的长期欣赏。历史数据表明，随着时间的流逝，比特币的价格稳步上涨，从而奖励了早期投资者的大量收益。如果新墨西哥州要投资比特币，那么多年来，它可能会受益于潜在的价格赞赏。

Digital Asset Innovation and Economic Growth: By embracing Bitcoin, New Mexico could position itself as a leader in financial innovation. This move could attract cryptocurrency businesses, blockchain startups, and investors to the state, fostering economic growth and job creation. Other states, such as Wyoming and Texas, have already made significant strides in creating favorable regulatory environments for digital assets.

Digital Asset Innovation and Economic Growth: By embracing Bitcoin, New Mexico could position itself as a leader in financial innovation.这一举动可以吸引加密货币业务，区块链初创公司和投资者进入该州，从而促进经济增长和创造就业机会。怀俄明州和德克萨斯州等其他州在为数字资产创造有利的监管环境方面已经取得了长足的进步。

Security and Management of the Bitcoin Reserve

比特币储备的安全和管理

Investing in Bitcoin comes with certain risks, particularly related to security, volatility, and regulatory challenges. To address these concerns, the Strategic Bitcoin Reserve Act includes provisions for the secure storage and prudent management of Bitcoin holdings.

投资比特币会带来某些风险，尤其是与安全性，波动性和监管挑战有关的风险。为了解决这些问题，《战略比特币储备法》包括对比特币控股的安全存储和审慎管理的规定。

Cold Storage Solutions: To mitigate the risks associated with cyber threats and hacking, the bill proposes that New Mexico use cold storage solutions to safeguard its Bitcoin assets. Cold storage refers to offline wallets that are not connected to the internet, making them highly secure against cyberattacks.

冷藏解决方案：为了减轻与网络威胁和黑客攻击有关的风险，该法案建议新墨西哥州使用冷藏解决方案来保护其比特币资产。冷存储是指未连接到互联网的离线钱包，使其在网络攻击中高度安全。

Oversight by the State Investment Council: The bill recommends that the State Investment Council oversee the Bitcoin reserve, ensuring that proper investment strategies and risk management practices are in place. The council would regularly review the reserve’s performance and make necessary adjustments to optimize returns while minimizing exposure to volatility.

国家投资委员会的监督：该法案建议州投资委员会监督比特币储备，以确保适当的投资策略和风险管理实践已就位。理事会将定期审查储备金的绩效，并进行必要的调整以优化回报，同时最大程度地减少对波动性的影响。

Regulatory Compliance: As Bitcoin regulations continue to evolve, the bill emphasizes that New Mexico must remain compliant with federal and state laws. The investment strategy would adhere to legal guidelines set by financial regulatory authorities, such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

法规合规性：随着比特币法规的不断发展，该法案强调，新墨西哥州必须遵守联邦和州法律。投资策略将遵守金融监管机构制定的法律准则，例如证券交易委员会（SEC）和商品期货交易委员会（CFTC）。

Comparisons to Other States’ Bitcoin Strategies

与其他州的比特币策略进行比较

New Mexico is not alone in its pursuit of integrating Bitcoin into public funds. Other U.S. states have also taken steps toward cryptocurrency adoption.

新墨西哥州并不孤单地追求将比特币整合到公共资金中。美国其他州也采取了采用加密货币的步骤。

For instance, Wyoming has enacted several laws to create a favorable regulatory environment for digital assets, attracting cryptocurrency companies and blockchain startups to the state. Texas has also shown interest in Bitcoin, with several state representatives proposing bills to legalize cryptocurrency mining and exempt digital currency transactions from state sales tax.

These state-level initiatives align with broader discussions at the federal level regarding Bitcoin’s role in national reserves and financial policies.

这些州级的举措与联邦一级关于比特币在国家储备和金融政策中的作用的更广泛讨论相吻合。

Potential Risks and Challenges

潜在的风险和挑战

While the proposal presents several advantages, there are inherent risks associated with investing state funds in Bitcoin.

尽管该提案具有几个优点，但在比特币中投资州资金有固有的风险。

Market Volatility: Bitcoin is known for its price fluctuations, with its value sometimes experiencing sharp declines within short periods. This volatility could pose a challenge in ensuring stable and predictable returns for public funds.

市场波动：比特币以其价格波动而闻名，其价值有时会在短时间内急剧下降。这种波动性可能在确保公共资金的稳定且可预测的回报方面构成挑战。

Regulatory Uncertainty: The cryptocurrency regulatory landscape is still evolving. Any sudden changes in government policies or new regulations could impact Bitcoin’s price and adoption.

监管不确定性：加密货币调节景观仍在发展。政府政策或新法规的任何突然变化都可能影响比特币的价格和采用。

Public and Political Opposition: Not all lawmakers and citizens support cryptocurrency investments, particularly when it involves public funds. Concerns over risk exposure, ethical considerations, and financial stability could lead to opposition against the bill.

公众和政治反对派：并非所有的立法者和公民都支持加密货币投资，尤其是在涉及公共资金时。对风险敞口，道德考虑和财务稳定的担忧可能导致反对该法案。

The Road Ahead: What’s Next for New

前面的道路：新的下一步