当唐纳德·特朗普总统签署一项行政命令，建立战略比特币储备金（SBR）时，他命令戴维·萨克斯组建团队并计划

萨克斯（Sacks）的高级任命，总统顾问委员会鲍恩斯（Bo Hines）的执行董事认为，购买BTC的一种机制是出售黄金。

President Donald Trump's administration is exploring options for acquiring bitcoin (BTC) for the Strategic Bitcoin Reserve (SBR), which Trump announced in an executive order last month.

唐纳德·特朗普（Donald Trump）总统的政府正在探索为战略比特币保护区（SBR）收购比特币（BTC）的选择，特朗普上个月在行政命令中宣布。

One proposal under consideration is selling a portion of the US government's gold reserves to fund the purchase of BTC, according to an official in the President’s Council of Advisers.

总统顾问委员会的一名官员说，正在考虑的一项提案是出售美国政府的一部分黄金储备，以资助BTC的购买。

The claim that the US should sell its gold sparked immediate debate. Not only does gold have over 5,000 years of history as a sovereign store of value, the metal is a dominant asset on central bankers’ balance sheets.

美国应该出售其黄金的说法引发了立即的辩论。黄金作为价值的主权商店不仅拥有超过5，000年的历史，而且金属还是中央银行家资产负债表的主要资产。

However, U.S. President Donald J. Trump could attempt to claim authority to sell gold to buy BTC without passing additional laws.

但是，美国总统唐纳德·J·特朗普（Donald J. Trump）可以声称在不通过其他法律的情况下出售黄金以购买BTC的权力。

The administration is also considering three avenues for obtaining BTC without direct Congressional authorization.

政府还考虑未直接国会授权获得BTC的三种途径。

Congress could authorize the administration to buy 1 million BTC

国会可以授权政府购买100万BTC

The first method for the legal acquisition of sovereign BTC is democratically clear: Congressional authorization. In the U.S., Congress approves the federal budget and has constitutional authority to allocate resources.

法律获取主权BTC的第一种方法在民主上是明确的：国会授权。在美国，国会批准了联邦预算，并拥有分配资源的宪法权力。

One bill among many that is slowly working its way through Congress, Senator Cynthia Lummis' (R-Wyoming) Bitcoin Act of 2025, would mandate the U.S. to obtain 1 million BTC. That bill specifically calls for the sale of gold to fund a substantial amount of the purchases.

在国会逐步逐步努力的许多法案中，参议员辛西娅·卢米斯（Cynthia Lummis）（R-Wyoming）2025年的比特币法案将强制美国获得100万BTC。该法案专门要求出售黄金以资助大量购买。

Lummis's legislation is part of a broader effort in Congress to craft legislation governing the use of cryptocurrencies in the U.S. The House Financial Services Committee has already advanced a bill that would create a new regulatory framework for stablecoins.

卢米斯（Lummis）的立法是国会更广泛努力制定有关使用加密货币的立法的一部分，众议院金融服务委员会已经提出了一项法案，该法案将为Stablecoins创建新的监管框架。

Lummis's bill, which is pending in the Senate Banking, Housing, and Urban Affairs Committee, would require the U.S. to buy 1 million BTC over a five-year period. The bill would also create a new commission to study the potential impact of a U.S. sovereign cryptocurrency.

卢米斯（Lummis）的法案正在参议院银行，住房和城市事务委员会审理，该法案将要求美国在五年内购买100万BTC。该法案还将建立一个新的委员会，以研究美国主权加密货币的潜在影响。

"The U.S. government has a long history of investing in assets to preserve value, and bitcoin is the best performing asset class of the past decade," Lummis said in a statement. "It's time for the U.S. to diversify its reserves and begin holding some bitcoin."

卢米斯在一份声明中说：“美国政府在投资资产以保持价值方面拥有悠久的历史，而比特币是过去十年中表现最好的资产类别。” “现在是时候让美国多样化其储备并开始持有一些比特币了。”

Several other members of Congress have introduced legislation related to cryptocurrency this year. In April, Rep. Tim Draper (R-Ohio) introduced legislation that would allow Americans to pay their taxes in bitcoin.

国会的其他几名成员今年还引入了与加密货币有关的立法。 4月，众议员蒂姆·德雷珀（Tim Draper）（R-Ohio）提出了立法，该立法将使美国人能够在比特币中缴税。

The administration is mindful of the need for bipartisan support in Congress for any plan to sell gold to buy BTC.

政府谨记在国会中需要两党支持，以便出售黄金以购买BTC的任何计划。

"We are exploring all options for how to best acquire bitcoin for the Strategic Bitcoin Reserve," a White House official said. "We appreciate the input of members of Congress on this important issue."

一位白宫官员说：“我们正在探索如何最好地为战略比特币保护区获取比特币的所有选择。” “我们感谢国会议员对这个重要问题的意见。”

The administration's consideration of selling gold to buy BTC comes amid a broader debate in the U.S. over the role of the dollar in the global monetary system.

政府考虑出售黄金以购买BTC的考虑在美国在全球货币体系中的作用更广泛的辩论。

Some economists have argued that the dollar's status as the world's reserve currency gives the U.S. an unfair advantage. Others have said that the dollar's dominance is a natural consequence of the strength of the U.S. economy and its institutions.

一些经济学家认为，美元作为世界储备货币的地位给美国带来了不公平的优势。其他人则说，美元的统治地位是美国经济及其机构实力的自然结果。

The administration is reportedly considering selling gold to buy BTC as a way to diversify the U.S. government's assets and hedge against inflation.

据报道，政府正在考虑将黄金销售以购买BTC，以此作为使美国政府资产和对冲通货膨胀对冲多样化的一种方式。

Gold has traditionally been viewed as a store of value, while bitcoin is often touted for its scarcity and potential as an inflation hedge.

传统上，黄金被视为价值存储，而比特币通常因其稀缺性和作为通货紧树篱的潜力而被吹捧。

However, both assets are known for their volatility, which could pose challenges for the administration as it seeks to acquire BTC for the SBR.

但是，这两种资产都以其波动性而闻名，这可能会对政府构成挑战，因为它试图为SBR获得BTC。

The executive order that Trump signed last month tasked David Sacks, a former president of the Startup founders Circle and a founding partner of the Union Square Ventures, to assemble a team and plan to buy bitcoin for the nation.

特朗普上个月签署的行政命令任务戴维·萨克斯（David Sacks）是初创创始人圈子的前总裁，也是联合广场企业的创始合伙人组成的团队，并计划为国家购买比特币。

Sacks’ top appointee, Executive Director of the President’s Council of Advisers Bo Hines, thinks one mechanism for buying BTC is selling gold.

萨克斯（Sacks）的高级任命，总统顾问委员会鲍恩斯（Bo Hines）的执行董事认为，购买BTC的一种机制是出售黄金。

The claim that the U.S. should sell its gold sparked immediate debate. Not only does gold have over 5,000 years of history as a sovereign store of value, the metal is a dominant asset on central bankers’ balance sheets.

美国应该出售其黄金的说法引发了立即的辩论。黄金作为价值的主权商店不仅拥有超过5，000年的历史，而且金属还是中央银行家资产负债表的主要资产。

"It's ironic that central bankers are now discussing buying bitcoin, yet they've never sold any gold to buy equities or bonds in the modern era," said an official in the President’s Council of Advisers.

总统顾问委员会的一位官员说：“具有讽刺意味的是，中央银行现在正在讨论购买比特币，但他们从来没有出售过任何黄金来在现代购买股票或债券。”

"We may be able to learn from prior U.S. experience in the 1930s. At the time, the administration sold 700 tons of gold to stabilize the dollar during the Great Depression. We can also consider selling some gold to buy bitcoin, which would be a budget-neutral move."

“我们也许可以从1930年代以前的美国经验中学习。当时，政府在大萧条期间出售了700吨黄金来稳定美元。我们还可以考虑出售一些黄金来购买比特币，这将是预算中立的举动。”

Yes, the U.S. government may legally sell gold for bitcoin

是的，美国政府可以合法地出售比特币黄金

There are at least three methods by which the Trump administration could acquire BTC for the Strategic Bitcoin Reserve.

特朗普政府至少有三种方法可以为战略比特币储备收购BTC。

The first method is democratically clear: Congressional authorization. In

第一种方法在民主上是清楚的：国会授权。在