特朗普的加密储备计划燃料市场投机：比特币是关键吗？

Coinotag在3月5日报道说，Bitwise首席投资官Matt Hougan的见解表明，金融界对前总统特朗普的加密储备计划的反应可能过多地解释。

Former President Trump's crypto reserve plan has fueled market speculation, with some suggesting that Bitcoin could be the key to unlocking the full potential of the initiative.

特朗普前总统的加密储备计划促进了市场的猜测，其中一些暗示比特币可能是释放该计划的全部潜力的关键。

As reported by COINOTAG, insights from Bitwise's Chief Investment Officer, Matt Hougan, reveal that the financial community's response to Trump's proposal may have been overly pessimistic.

正如Coinotag报道的那样，Bitwise首席投资官Matt Hougan的见解表明，金融界对特朗普提议的反应可能过于悲观。

Despite recognizing certain shortcomings in the proposal, such as the inclusion of altcoins, which he described as "a final-round pick in a fantasy league," Hougan maintains that the overall development is generally positive for the market.

尽管意识到该提案中的某些缺点，例如包括Altcoins的包含，他将其描述为“在幻想联盟中的最后一轮选秀”，但Hougan坚持认为，总体发展通常对市场是积极的。

Trump recently mandated the formation of a working group to propose the U.S.'s strategic crypto reserve, which will include assets like Bitcoin, Ethereum, XRP, Solana, and Cardano. Following this announcement, these cryptocurrencies experienced notable rebounds from previous lows, with some rising between 10% to 70%. However, there were significant corrections, with Bitcoin and Ethereum retracting over 10% and 15%, respectively.

特朗普最近要求组建一个工作组，提议美国战略加密保护区，其中包括比特币，以太坊，XRP，Solana和Cardano等资产。在此公告之后，这些加密货币从以前的低点经历了显着的篮板，其中有些人数上升了10％至70％。但是，有明显的校正，比特币和以太坊分别缩回10％和15％。

In a communication to clients, Hougan elaborated on why the market's reaction has been muted. He attributed it largely to the inclusion of altcoins, which he believes were selected to appeal to a broader audience and secure bipartisan support. He noted that featuring speculative assets like Cardano may reflect a political strategy rather than a sound financial decision.

在与客户的沟通中，Hougan详细阐述了市场的反应为何被静音。他将其归因于替代币的包含，他认为它被选为吸引更广泛的受众并获得两党支持。他指出，像卡丹诺这样的投机资产以投机资产为特色，可能反映出政治策略，而不是一个明智的财务决策。

However, Hougan highlighted three pivotal aspects that the market may have overlooked. Firstly, Trump's "negotiative" approach, evident in his statement that "anything is on the table," implies that the initial proposal will be subject to change and negotiation.

但是，霍根（Hougan）强调了市场可能忽略的三个关键方面。首先，特朗普的“谈判性”方法在他的声明中表明“任何东西都在桌子上”，这意味着最初的提案将发生变化和谈判。

Secondly, he highlighted the competitive aspect of the U.S.'s involvement, stating that "if the U.S. is getting involved, it means other countries are already doing it." This signals a global accumulation of Bitcoin, and the U.S.'s entry could lead to heightened competition among nations to secure the cryptocurrency.

其次，他强调了美国参与的竞争方面，并指出：“如果美国参与其中，这意味着其他国家已经在这样做。”这标志着比特币的全球积累，美国的进入可能会导致国家之间的竞争加剧，以确保加密货币。

Thirdly, Hougan emphasized that once acquired, these cryptocurrencies will likely be retained for the long term, rendering them "a net addition to the U.S. balance sheet."

第三，Hougan强调，一旦获得，这些加密货币可能会长期保留，从而使它们“成为美国资产负债表的净额”。

Industry leaders such as Bitwise CEO Hunter Horsley and Coinbase's Brian Armstrong align with Hougan's perspective, having previously advocated for a reserve focused solely on Bitcoin.

Bitwise首席执行官Hunter Horsley和Coinbase的Brian Armstrong等行业领导者与Hougan的观点保持一致，此前曾提倡仅专注于比特币的储备。

"I think ultimately the administration will land on a clean strategy for a Bitcoin reserve, which is a good outcome. We're not there yet, but it's still early in the process," Hougan added.

Hougan补充说：“我认为，政府最终将采用比特币储备的清洁策略，这是一个很好的结果。我们还不到了，但这仍然是在此过程的早期。”

Overall, Hougan remains optimistic that the Trump administration will eventually propose a more cohesive reserve strategy, and he believes that the U.S. government's recognition of crypto assets as having "strategic significance" is a constructive shift, which he thinks the market will come to appreciate over time.

总体而言，霍根仍然对特朗普政府最终提出更具凝聚力的储备战略仍然乐观，他认为美国政府对加密资产具有“战略意义”的认可是一种建设性的转变，他认为市场将随着时间的流逝而欣赏。