为什么德克萨斯州押注比特币，这对未来意味着什么

德克萨斯州议会大厦是一项开创性倡议的核心，该计划将州置于加密货币创新的最前沿。

The Texas State Capitol is buzzing with a digital revolution as Republicans aim to propel the Lone Star State to the forefront of cryptocurrency innovation by creating a state-controlled Bitcoin reserve.

德克萨斯州议会大厦轰动一时的数字革命，共和党人旨在通过创建国家控制的比特币储备来推动孤星州的加密货币创新的最前沿。

This initiative, which has seen brisk movement in recent weeks, aims to invest public funds in the world’s leading cryptocurrency, heralding a new era of fiscal independence and innovation.

这项倡议在最近几周发生了轻快的运动，旨在将公共资金投资于世界领先的加密货币，预示着财政独立和创新的新时代。

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The legislation, Senate Bill 21 known as the “Texas Strategic Bitcoin Reserve and Investment Act,” is spearheaded by GOP Senator Charles Schwertner, while Lieutenant Governor Dan Patrick has spotlighted this initiative as a top priority.

共和党参议员查尔斯·施沃特纳（Charles Schwertner）率领这项立法，《参议院法案》第21条被称为“德克萨斯战略比特币储备法和投资法”，而州长丹·帕特里克（Dan Patrick）中尉则将这项倡议置于重中之重。

Governor Greg Abbott has also hinted at his keen interest with a playful emoji on social media, bringing legislative theatrics to this financial endeavor. The proposal will see the creation of a Texas reserve for Bitcoin—only the world’s leading cryptocurrency by market cap is deemed worthy of the state’s investments.

州长格雷格·雅培（Greg Abbott）还暗示了他对社交媒体上嬉戏的表情符号的浓厚兴趣，将立法戏剧带入了这项财务努力。该提案将为比特币创建得克萨斯州的预备役 - 只有全球领先的市值加密货币被认为值得该州的投资。

Oversight will fall to an advisory board of seasoned crypto advisors, tasked with strategic implementation and steering clear of turbulent fiscal currents.

监督将落到经验丰富的加密顾问的顾问委员会上，其任务是战略性实施，并避免了动荡的财政电流。

"I think we can agree that the U.S. dollar is quickly losing value, and the federal government continues to rack up an unmanageable amount of debt," Schwertner stated during a hearing, setting the stage for this bold initiative.

Schwertner在听证会上说：“我认为我们可以同意，美元迅速失去了价值，联邦政府继续增加债务不可控制的债务。”

Highlighting the fragility of the fiat currency system, Senator Schwertner prefers to view Bitcoin as "digital gold"—an asset that has outperformed standard financial instruments throughout the past decade.

参议员施威纳（Schwertner）强调了法定货币体系的脆弱性，更喜欢将比特币视为“数字黄金”，这是过去十年来超越标准金融工具的资产。

However, intertwining state strategies with volatile digital assets spawns skepticism.

但是，将国家策略与挥发性数字资产相互交织会产生怀疑。

"It seems like a strange pivot for the state to be making, given that Bitcoin is often touted as having no intrinsic value and is viewed by many as a speculative asset class," notes Hilary Allen, a law professor at the University of Pittsburgh.

匹兹堡大学的法学教授希拉里·艾伦（Hilary Allen）指出：“鉴于比特币通常被吹捧为没有内在价值，而且许多人被视为投机性资产类别，这似乎是一个奇怪的枢纽。”

"It's interesting that they're turning to crypto in the midst of a so-called 'market madness' period, which is a bit surprising," she adds.

她补充说：“有趣的是，他们在所谓的'市场疯狂时期转向加密货币，这有点令人惊讶。”

The fear among some is that state-backed propping might offer a lifeline to heavy Bitcoin investors, ultimately serving to distort the market.

有些人担心的是，以国家支持的支撑可能为重型比特币投资者提供生命线，最终使市场扭曲了市场。

"It's no secret that the crypto market has seen a downturn, and several large crypto firms have encountered difficulties recently," remarked Ari Auberg, a banking and finance law professor at the University of Pittsburgh.

匹兹堡大学的银行业和金融法教授阿里·奥伯格（Ari Auberg）说：“加密市场已经下滑了，最近几家大型加密企业遇到了困难，这已不是什么秘密了。”

"If Texas were to make a large-scale commitment to Bitcoin, it could have a significant impact on the market price and the overall health of the crypto ecosystem."

“如果德克萨斯州对比特币做出大规模承诺，它可能会对加密生态系统的市场价格和整体健康产生重大影响。”

Undeterred by skepticism, Senator Schwertner viewed Bitcoin as a mainstream asset, boasting an alliance with the Texas Blockchain Council, a coalition representing crypto industry interests.

参议员施威纳（Schwertner）并没有怀疑，并将比特币视为主流资产，与代表加密货币行业利益的联盟的德克萨斯州区块链理事会（Texas Blockchain Council）结盟。

"There are a lot of people in the industry who are following this closely and hope to see Texas take the lead in this space," disclosed Auberg.

奥伯格透露：“行业中有很多人密切关注这一点，并希望看到德克萨斯州在这个领域取得领先。”

"This initiative could encourage other states to explore similar ventures into cryptocurrency, signaling a broader shift in the financial landscape."

“这项倡议可以鼓励其他州探索类似的企业进入加密货币，这表明金融景观发生了更广泛的转变。”

A twist in the narrative emerged when provisions for private Bitcoin donations to the reserve were struck out, addressing the looming specter of market manipulation.

当私人比特币捐赠给保护区的规定被淘汰时，叙述出现了一个转折，解决了市场操纵的迫在眉睫的幽灵。

This calculated move sparked bipartisan approval and was lauded for concentrating the state’s efforts on Texas’ own financial contributions rather than relying on private donations, which could be viewed as an attempt to prop up the market.

这项计算出的举动引发了两党的批准，并因将州的努力集中在得克萨斯州的财务捐款上而不是依靠私人捐款而受到称赞，这可以看作是试图推动市场的尝试。

"It's interesting that they're turning to crypto in the midst of a so-called 'market madness' period, which is a bit surprising. But it's certainly a sign of the times that state and local governments are thinking outside the box and looking for new ways to generate revenue and economic activity," Allen concludes.

艾伦总结说：“有趣的是，他们在所谓的'市场疯狂'时期转向加密货币，这有点令人惊讶。但这无疑是国家和地方政府在开箱即用并寻找新的收入和经济活动方式的时代的标志。”

As other states, such as Wyoming and Idaho, are also venturing into the crypto waters, Texas is diving deep into Bitcoin, charting a course that could redefine its economic landscape.

正如其他州（例如怀俄明州和爱达荷州）一样，德克萨斯州也正在进入加密货币水域，深入研究比特币，绘制了一门可以重新定义其经济景观的课程。

Only time will tell whether this move will ultimately solidify fiscal security or expose the state to unforeseen risks. But one thing is certain: Texas is daring to dream of a future etched in digital currency.

只有时间才能说明此举最终会巩固财政安全，还是暴露于国家的不可预见的风险。但是可以肯定的是：德克萨斯州敢于梦想以数字货币蚀刻的未来。