唐纳德·特朗普总统正式宣布美国将创建战略性比特币储备

3月7日，唐纳德·特朗普（Donald Trump）总统正式宣布，美国将通过“战略比特币保护区建立和美国数字资产库存”的行政命令来创建战略性比特币储备。

President Donald Trump announced on March 7 that the United States would be creating a strategic Bitcoin reserve via an executive order titled “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.”

总统唐纳德·特朗普（Donald Trump）于3月7日宣布，美国将通过题为“建立战略比特币储备和美国数字资产库存的行政命令”创建战略性比特币储备。

This follows a previous announcement on March 2, where Trump stated his intent to establish a broader cryptocurrency reserve, an initiative that many industry insiders expressed concern over as it could be viewed negatively by the crypto community.

这是在3月2日之前的宣布之后，特朗普说他打算建立更广泛的加密货币保护区，这一举措对此表示担忧，因为加密货币社区可能会对它负面看待。

Unlike the previous announcement, which described a broader crypto reserve, this new executive order introduces the idea of a strategic reserve exclusively for BTC, addressing a concern many industry enthusiasts had when Trump first mentioned a crypto reserve on March 2.

与以前描述了更广泛的加密保护区的公告不同，该新的行政命令介绍了仅针对BTC制定战略储备的想法，该命令解决了许多行业爱好者在3月2日首次提到加密储备储备时的关注。

This executive order also introduces the concept of a “Digital Asset Stockpile” comprising various cryptocurrencies. Here’s how it works.

该行政命令还介绍了包括各种加密货币的“数字资产库存”的概念。这是它的工作方式。

How the Bitcoin Strategic Reserve works

比特币战略储备如何运作

While many believed the Bitcoin Strategic Reserve would require the U.S. government to buy BTC to fill the reserve, the actual method of building the reserve is quite different. The Bitcoins Strategic Reserve will primarily be “capitalized with all BTC held by the Department of the Treasury that was finally forfeited as part of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any executive department or agency.” In other words, the BTC Strategic Reserve will be created using BTC which U.S. government agencies have seized from individuals arrested or received as payment for penalties.

尽管许多人认为比特币战略储备将要求美国政府购买BTC以填补储备金，但建造储备的实际方法却大不相同。比特币战略储备将主要“利用财政部持有的所有BTC，最终被作为刑事或民事资产没收程序的一部分或满足任何执行部门或机构施加的任何民事罚款的一部分。”换句话说，将使用美国政府机构从被逮捕或被收到罚款的个人中扣押的BTC创建BTC战略储备。

Beyond this initial method of obtaining BTC, the executive order mandates that the Secretary of the Treasury and the Secretary of Commerce “develop strategies for acquiring additional Government BTC,” provided the strategies remain budget-neutral and do not use taxpayer dollars. This means the government is actively exploring ways to increase its BTC holdings without using tax dollars.

除了这种获得BTC的最初方法外，行政命令还要求财政部长和商务部长“制定收购额外政府BTC的战略”，前提是这些策略仍然是预算中立的，并且不使用纳税人美元。这意味着政府正在积极探索在不使用税金的情况下增加其BTC持股的方法。

Virtual Fort Knox: The USA’s Strategic Bitcoin Reserve

虚拟堡诺克斯：美国的战略比特币储备

The Bitcoin Strategic Reserve is being treated like a traditional strategic reserve—a stockpile of an asset, typically a commodity, that the U.S. Government builds up and taps into during times of catastrophe, economic turmoil, or crisis. However, unlike other reserves, such as the Strategic Petroleum Reserve, it’s difficult to envision a scenario where the government would need to tap into a BTC reserve. The executive order keeps the language around this vague, simply stating that the BTC strategic reserve will be “utilized to meet governmental objectives in accordance with applicable law.”

比特币战略储备被视为传统的战略储备，这是美国政府在灾难，经济动荡或危机时期建立和攻入的资产的库存。但是，与其他储备金（例如战略石油储备）不同，很难设想一种情况，即政府需要利用BTC储备。行政命令将围绕这种模糊的语言保留，只是说“ BTC战略储备”将“根据适用的法律来实现政府目标”。

For this reason, the BTC strategic reserve is being compared to the USA’s Strategic Gold Reserve, which serves as a long-term asset held for strategic purposes rather than a resource to be actively traded or liquidated under normal circumstances. President Trump even referred to the reserve as the U.S. ‘s “virtual Fort Knox” during the White House’s Crypto Summit. This strengthens the idea that the Bitcoin strategic reserve shares many similarities with a gold reserve.

因此，将BTC战略储备与美国的战略黄金储备进行了比较，该储备是用于战略目的的长期资产，而不是在正常情况下进行积极交易或清算的资源。特朗普总统甚至在白宫的加密赛峰会上将保护区称为美国的“虚拟诺克斯”。这加强了比特币战略储备与黄金储备有许多相似之处的想法。

Why even have a Bitcoin Reserve?

为什么还拥有比特币储备？

Trump’s administration is not solely creating a Bitcoin reserve because it was one of their campaign promises; there are other, more significant incentives behind this move. The administration wants the United States to lead in the cryptocurrency industry.

特朗普的政府不仅仅是创建比特币储备，因为这是他们的竞选承诺之一。此举背后还有其他更大的激励措施。政府希望美国领导加密货币行业。

“Last year, I promised to make America the BTC superpower of the world and the crypto capital of the planet, and we are taking historic action to deliver on that promise,” Trump said at the recent White House Crypto Summit.

特朗普在最近的白宫加密赛峰会上说：“去年，我承诺将美国成为世界上的BTC超级大国和地球的加密之都，我们正在采取历史行动来实现这一诺言。”

However, under the previous administration, particularly during Gary Gensler’s tenure as Securities and Exchange Commission (SEC) Chair, the U.S. cryptocurrency industry faced significant limitations. To put this into perspective, The United States’ finance sector represents roughly 30% of the global financial industry, yet its cryptocurrency industry represents only about 5% of the global crypto markets, which highlights the idea that there is some systematic disparity stopping the cryptocurrency innovations in America from playing a significant role in the global cryptocurrency industry.

但是，在上届政府的情况下，特别是在加里·盖斯勒（Gary Gensler）担任证券交易委员会（SEC）主席的任期期间，美国加密货币行业面临着重大限制。为了透视这一点，美国的财务部门约占全球金融行业的30％，但其加密货币行业仅占全球加密市场的5％，这突出了这样一个想法，即在全球Cryptocurrency行业中起着重要的作用，即在美国在美国在美国发挥重要作用而存在某种系统性差异。

But now, with a new administration in place at the White House and the SEC, the cryptocurrency industry is seeing regulatory barriers removed or amended, creating an environment where crypto companies can innovate freely and even count on presidential support.

但是现在，在白宫和SEC建立了新的政府，加密货币行业正在消除或修改监管障碍，创造了一个环境，加密货币公司可以自由创新，甚至指望总统支持。

According to White House Crypto and AI Czar David Sacks, the U.S. government has historically mismanaged its BTC holdings. He stated, “It is estimated that the U.S. government owns about 200,000 bitcoin […] Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.”

根据白宫加密货币和AI沙皇大卫·萨克斯（David Sacks）的说法，美国政府历来不雄厚的BTC持有。他说：“据估计，美国政府拥有约20万比特币[…]比特币的过早销售已经使美国纳税人损失了超过170亿美元的损失价值。现在，联邦政府将制定一项战略，以最大程度地提高其持股价值。”

This means that the new executive order could shift this alleged mismanagement into a strategic advantage that puts the U.S. in a position to capitalize on its BTC holdings rather than losing out due to premature sales and a lack of overall strategy beyond selling the coins in its possession at government auctions.

这意味着，新的行政命令可以将这种据称管理不善的人转变为一种战略优势，使美国能够利用其BTC持有量，而不是由于过早的销售和除了在政府拍卖中拥有的硬币出售硬币之外缺乏整体战略。

Concerns from the crypto community

加密社区的担忧

Despite the government’s optimistic outlook, the executive order has not been universally welcomed. Many long-time crypto enthusiasts supported Bitcoin because of its decentralization and independence from government control; with the U.S. government now actively accumulating Bitcoin, some worry that it might gain influence over the market

尽管政府具有乐观的看法，但行政命令尚未受到普遍的欢迎。许多长期的加密爱好者由于权力下放和远离政府控制而支持比特币。随着美国政府现在积极积累比特币，有些人担心它可能会在市场上产生影响