据加密观察家称，美国的战略比特币保护区降低了政府将“禁止”加密货币的可能性，并可以鼓励更多国家采用比特币。

这显然使交易员失望，因为这立即使比特币的价格下降了6％。

The possibility of a strategic bitcoin (BTC) reserve in the United States is quickly reducing the possibility that the government will ever “ban” the cryptocurrency and could encourage many more nations to adopt bitcoin, according to crypto observers.

据加密观察家称，在美国建立战略比特币（BTC）储备金的可能性很快降低了政府将“禁止”加密货币的可能性，并可以鼓励更多国家采用比特币。

On March 7, US President Donald Trump signed an order establishing a Strategic Bitcoin Reserve and a digital asset stockpile. Capitalization of the reserve will come from bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, and is currently estimated at around 200,000 BTC, according to crypto czar David Sacks. However, traders were quickly disappointed as the news led to a 6% fall in the price of bitcoin.

3月7日，美国总统唐纳德·特朗普（Donald Trump）签署了一项命令，建立了战略性比特币储备和数字资产库存。根据Crypto Czar David Sacks的说法，该储备金的资本将来自联邦政府拥有的比特币，该比特币被没收作为刑事或民事资产没收程序的一部分，目前估计约200,000 BTC。但是，随着新闻导致比特币价格下跌6％，交易者很快感到失望。

But many say the markets may have it wrong and the news should be viewed as bullish.

但是许多人说市场可能误会了，新闻应该被视为看涨。

President Trump signing SBR executive order. Source: David Sacks

特朗普总统签署了SBR行政命令。资料来源：大卫·萨克斯（David Sacks）

Government less likely to ‘ban’ bitcoin

政府不太可能“禁止”比特币

One of the impacts of a US strategic bitcoin (BTC) reserve is that it “dramatically reduces the likelihood the US government will someday ‘ban’ bitcoin,” Bitwise chief investment officer Matt Hougan told.

比特首席投资官马特·霍根（Matt Hougan）说，美国政府储备金的影响之一是，它“大大降低了美国政府总有一天'禁止'比特币的可能性，”比特首席投资官马特·霍根（Matt Hougan）告诉。

In November, the Federal Reserve Bank of Minneapolis suggested that bitcoin could one day force the federal government to balance its budget.

11月，明尼阿波利斯联邦储备银行建议比特币有一天迫使联邦政府平衡其预算。

“A legal prohibition against bitcoin can restore unique implementation of permanent primary deficits, and so can a tax on bitcoin,” it said at the time.

它当时说：“对比特币的法律禁令可以恢复永久性主要赤字的独特实施，因此对比特币征税也可以恢复。”

Other nations could follow suit

其他国家可以效仿

The US bitcoin reserve also dramatically increases the chances that other nations will establish bitcoin reserves and accelerates the speed at which other nations will consider establishing them, as it creates a short window for them to “front-run” potential bitcoin buying by the US, Hougan added.

霍根补充说，美国比特币储备还大大增加了其他国家建立比特币储备并加速其他国家考虑建立它们的速度的机会，因为它为他们创造了一个简短的窗口，可以让他们“前进”美国潜在的比特币购买。

The US is the global leader in nation-state bitcoin holdings, with 207,189 BTC at current valuations of around $18 billion, according to BitBO. China is estimated to come in second with an estimated 194,000 BTC, and the United Kingdom is in third place, holding 61,000 Bitcoin.

根据Bitbo的数据，美国是民族国家比特币控股公司的全球领导者，目前的估值约为180亿美元。据估计，中国排名第二，估计为194,000 BTC，英国排名第三，拥有61,000比特币。

El Salvador is the only country to have designated bitcoin as legal tender. It is still accumulating and currently holds 6,103 BTC, which is valued at around $534 million, according to the nation’s bitcoin office.

埃尔·萨尔瓦多（El Salvador）是唯一一个将比特币指定为法定招标的国家。根据美国比特币办公室的数据，它仍在积累，目前拥有6,103 BTC，价值约5.34亿美元。

“I expect many of the G20 to take notice and eventually follow America’s leadership,” Coinbase CEO Brian Armstrong added.

Coinbase首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）补充说：“我希望许多G20都会注意到，并最终遵循美国的领导。”

Legitimizes bitcoin in the eyes of institutions

在机构眼中使比特币合法化

A US bitcoin strategic reserve also makes it much harder for institutions such as agencies like the International Monetary Fund to “position bitcoin as somehow dangerous or inappropriate to hold,” Hougan stated.

霍根说，美国比特币战略储备还使诸如国际货币基金组织等机构等机构“将比特币视为某种程度上危险或不合适的机构”的机构变得更加困难。

The IMF has been against sovereign nations, such as El Salvador, investing in bitcoin. On March 3, the IMF approved a funding program with El Salvador for $1.4 billion on the condition that it downgraded its bitcoin accumulation strategy. The memorandum of understanding indicated a condition of “no voluntary accumulation of BTC by the public sector in El Salvador.”

国际货币基金组织一直反对主权国家，例如埃尔·萨尔瓦多（El Salvador）投资比特币。 3月3日，国际货币基金组织以14亿美元的价格批准了与萨尔瓦多的一项资金计划，以降级其比特币积累策略。理解的备忘录表明，“公共部门在萨尔瓦多没有自愿积累BTC”的条件。

Bitwise head of research Ryan Rasmussen continued with the notion, saying that the end game was never “the US government buys all of the world’s bitcoin.”

瑞安·拉斯穆森（Ryan Rasmussen）的研究负责人继续提出这一概念，称最终比赛从来没有“美国政府购买全球所有比特币”。

He listed what the US SBR means: “Other countries will buy BTC, wealth managers have no excuse, financial institutions have no excuse, pensions and endowments have no excuse, fear of the US selling is gone, the US will likely buy more, likelihood of states buying just went up, and the probability the government outlaws Bitcoin is definitively zero.”

他列出了美国SBR的含义：“其他国家将购买BTC，财富管理人员没有借口，金融机构没有借口，养老金和捐赠没有任何借口，担心美国销售的恐惧已经消失，美国可能会购买更多，国家购买的可能性，而购买的可能性则增加了，政府的可能性是绝对的比特币比特币。”

The co-founder and CEO at Lightpark, David Marcus, simply said, “This is a balanced outcome and the right decision for now,” adding he was “happy reason has prevailed.”

Lightpark的联合创始人兼首席执行官David Marcus简单地说：“这是一个平衡的结果，目前是正确的决定，”他补充说，他是“快乐的理由”。

Bitcoin has come a long way

比特币已经走了很长一段路

Meanwhile, crypto lawyer John Deaton points out that Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick “have been directed by the POTUS to find ‘budget neutral' ways to acquire BTC.”

同时，加密律师律师约翰·迪顿（John Deaton）指出，财政部长斯科特·贝斯特（Scott Bessent）和商务部长霍华德·卢特尼克（Howard Lutnick）“由POTUS指示，以找到获取BTC的'预算中性'方式。”

It was only a year ago that regulators approved the first US spot bitcoin ETF, adds ETF Store President Nate Geraci.

ETF商店总裁Nate Geraci补充说，就在一年前，监管机构批准了美国第一个现场比特币ETF。

Bitcoin is currently rebounding, having reached $88,000 at the time of writing.

比特币目前正在篮板，在写作时达到了88,000美元。