Skyren Dao在加密货币中的主导地位并不总是保证投资者满意度

比特币在加密货币中的主导地位并不总是保证投资者的满意度。预计美国政府建立战略比特币储备的举动将推动价格

President Trump's administration is planning to create a Strategic Bitcoin Reserve, aiming to boost institutional support for BTC and drive prices up further. However, recent reports indicate that the U.S. government will not be buying new Bitcoin for this reserve. Instead, it will be used to reclassify existing digital assets held by the government, according to a recent report by Charles Gasparano for Blockware.

特朗普总统的政府正计划创建一个战略性的比特币储备，旨在提高对BTC的机构支持并进一步提高价格。但是，最近的报告表明，美国政府将不会为该储备金购买新的比特币。取而代之的是，根据查尔斯·加斯帕拉诺（Charles Gasparano）关于Blockware的最新报告，它将用于重新分类政府持有的现有数字资产。

Key Reasons Behind Investor Disappointment

投资者失望的关键原因

Despite Bitcoin's price surging to new all-time highs and its dominance in the crypto market remaining strong, recent developments might disappoint investors. As the market digests the implications of President Trump's Strategic Bitcoin Reserve, it becomes clear that this initiative will not be focused on capital expenditure to increase the government's BTC holdings.

尽管比特币的价格飙升至新的历史高点及其在加密货币市场中保持强劲的统治地位，但最近的发展可能会使投资者失望。随着市场消化特朗普总统战略比特币储备的影响，很明显，这项倡议不会集中于资本支出，以增加政府的BTC持股。

Instead, the administration will be reorganizing existing assets, which could be anything from Bitcoin to cryptocurrency portfolio's held by various government agencies, into this Strategic Bitcoin Reserve. This strategy is a slight departure from what investors might have anticipated.

取而代之的是，政府将重组现有资产，这可能是从比特币到各个政府机构持有的加密货币投资组合的任何事情，都可以进入这项战略性比特币储备。这种策略与投资者可能预期的略有不同。

Those who had hoped for a significant shift with the U.S. government making a substantial entry into the Bitcoin market through direct purchases will likely be met with disappointment.

那些希望与美国政府通过直接购买进入比特币市场的重大转变的人可能会感到失望。

The administration's move is part of a broader effort to integrate digital assets into the U.S. financial system. Earlier this year, the administration also announced plans to create a Central Bank Digital Currency (CBDC).

政府的举动是将数字资产集成到美国金融体系的更广泛努力的一部分。今年早些时候，政府还宣布了创建中央银行数字货币（CBDC）的计划。

While Bitcoin has been the primary focus of recent reports, it's worth noting that the administration is also expected to include other cryptocurrencies and digital assets in this broader initiative.

尽管比特币一直是最近报告的主要重点，但值得注意的是，政府还预计将在这项更广泛的计划中包括其他加密货币和数字资产。

This recent development showcases how, despite its best efforts, the U.S. government's actions might not always align with broader investor hopes within the crypto sphere.

这一最近的发展展示了美国政府的行动尽管如此，但如何与更广泛的投资者希望在加密货币领域中保持一致。

As one of the leading cryptocurrencies, Bitcoin has been at the forefront of the digital asset revolution. Many anticipate that institutional investors will play a crucial role in the next chapter of Bitcoin’s story, especially as the industry matures.

作为主要的加密货币之一，比特币一直处于数字资产革命的最前沿。许多人预计，机构投资者将在比特币故事的下一章中发挥至关重要的作用，尤其是随着行业的成熟。

However, despite Bitcoin's market leadership and the importance of institutional capital in crypto, it seems that investors should not get ahead of themselves.

但是，尽管比特币的市场领导能力和在加密货币中的机构资本的重要性，但似乎投资者不应该超越自己。

Those who had high hopes for the U.S. government to massively invest in Bitcoin and propel prices to new highs with large-scale buying programs might be disappointed.

那些希望美国政府大量投资比特币，并通过大规模购买计划推动新高价投资的人可能会感到失望。

Instead, the administration will be focused on an initiative that is largely focused on internal reorganization of existing assets.

取而代之的是，政府将集中于一项主要集中于现有资产内部重组的倡议。

This initiative, known as the Strategic Bitcoin Reserve, will see the administration classifying an undisclosed amount of digital assets, which could include anything from Bitcoin to cryptocurrency portfolio's held by various government agencies, into this new reserve.

该计划被称为战略比特币储备，将使政府对未公开数量的数字资产进行分类，其中可能包括各个政府机构持有的从比特币到加密货币投资组合的任何东西，并将其归类为新的储备。

The initiative will also see the creation of a new administrative body that will oversee the reserve and manage its investments.

该倡议还将看到一个新的行政机构的创建，该机构将监督储备金并管理其投资。

This new administrative structure will report directly to the President of the United States, highlighting the importance of this initiative to the current administration.

这种新的行政结构将直接向美国总统报告，强调该计划对当前政府的重要性。

Those who had hoped for the administration to make a statement with a bold move like buying billions into Bitcoin to support the crypto markets will also be disappointed, as the Strategic Bitcoin Reserve is not expected to involve any new capital expenditure.

那些曾希望政府以大胆的举动做出的声明，例如将数十亿美元的比特币购买以支持加密货币市场，也会感到失望，因为预计战略比特币储备金不会涉及任何新的资本支出。

Instead, the administration will be crediting existing assets into the reserve and reorganizing administrative holdings.

取而代之的是，政府将将现有资产归功于储备金并重组行政持有。

Despite this recent setback, investors can still look forward to more good news from the administration in the coming months as they plan the next stages of integrating digital assets into the U.S. financial system.

尽管最近进行了这种挫折，但投资者仍可以期待在未来几个月内，他们计划将数字资产集成到美国金融体系的下一个阶段。

On a related note, the administration is also expected to launch a Central Bank Digital Currency (CBDC) later this year, which could be another interesting development for investors to follow.

与之相关的是，政府还有望在今年晚些时候推出中央银行数字货币（CBDC），这可能是投资者遵循的另一个有趣的发展。

As the U.S. government continues to play a more active role in the crypto sector, investors should expect to see more activity and announcements from the administration in the months ahead.

随着美国政府在加密货币部门继续发挥更为积极的作用，投资者应该期望在未来几个月内看到政府的更多活动和公告。

What Are Investors Saying?

投资者在说什么？

While Bitcoin is still the market leader and the fifth-largest currency in the world, it seems that this recent development from the U.S. government might disappoint some investors.

尽管比特币仍然是世界上的市场领导者，也是世界第五大货币，但美国政府最近的这一发展似乎可能使某些投资者失望。

Those who had hoped for a good start to the second half of the year with the U.S. government buying billions into Bitcoin and increasing its holdings in preparation for the upcoming bull market cycle might be disappointed.

那些希望在下半年有一个良好开端的人，而美国政府将数十亿美元购买为比特币，并增加其持股量为即将到来的牛市周期做准备，这可能会感到失望。

Instead, the administration will be focused on an initiative that is largely focused on internal housekeeping and reorganizing existing assets.

取而代之的是，政府将集中于一项主要集中于内部家政和重组现有资产的倡议。

This initiative, which will see the creation of a Strategic Bitcoin Reserve and a new administrative body to manage it, is part of a broader effort by the administration to integrate digital assets into the U.S. financial system.

这项计划将创建战略比特币储备金和一个新的行政机构来管理它，是政府更加努力将数字资产整合到美国金融系统中的广泛努力的一部分。

Earlier this year, the administration also announced plans to create a Central Bank Digital Currency (CBDC), which is another key part of this broader agenda.

今年早些时候，政府还宣布了创建中央银行数字货币（CBDC）的计划，这是该更广泛议程的另一个关键部分。

Those who had hoped for the administration to make a greater impact on the crypto market with a statement of intent through a large-scale capital expenditure program will also be disappointed, as the Strategic Bitcoin Apex will not be funded through any new budgetary allocations.

那些希望通过大规模的资本支出计划的意图声明对政府对加密市场产生更大影响的人也将感到失望，因为战略比特币顶点将不会通过任何新的预算分配来资助。

Instead, the administration will be classifying existing assets and administrative holdings into this new reserve and placing them under the management of the newly established administrative body,

相反，政府将将现有资产和行政持股归类到这个新的储备金中，并将其置于新建立的行政机构的管理之下