薩爾瓦多的比特幣銀行：新的黎明還是冒險的賭注？

埃爾·薩爾瓦多（El Salvador）推動比特幣銀行（Bitcoin Banks）引發了興奮和懷疑。它會徹底改變金融還是面臨監管障礙？

Bitcoin Banks in El Salvador: A New Dawn or a Risky Bet?

薩爾瓦多的比特幣銀行：新的黎明還是冒險的賭注？

El Salvador's persistent pursuit of Bitcoin integration has taken a bold new turn with the announcement of impending 'Bitcoin Banks.' This move, signaled by the National Bitcoin Office (ONBTC) in August 2025, aims to establish a financial system fully operating on Bitcoin. But is this innovation or imprudence?

埃爾·薩爾瓦多（El Salvador）對比特幣整合的持續追求，隨著即將來臨的“比特幣銀行”的宣布，它發生了大膽的新轉變。這一舉動由國家比特幣辦公室（ONBTC）於2025年8月提出，旨在建立一個在比特幣上運行的金融體系。但是，這是創新還是毫無用處？

El Salvador Doubles Down on Bitcoin

薩爾瓦多（El Salvador）在比特幣上加倍

Since making Bitcoin legal tender in 2021, El Salvador has been on a mission to deepen its involvement with crypto. Recent developments, like the proposal for a 'Bank for Private Investment' operating in both Bitcoin and US dollars, underscore this commitment. This bank would operate with lighter regulations and broader access to foreign banking partnerships.

自2021年製作比特幣法律招標以來，薩爾瓦多一直在使其加深與加密貨幣的參與。最近的發展，例如針對比特幣和美元運營的“私人投資銀行”的提議，強調了這一承諾。該銀行將採用更輕鬆的法規和更廣泛的外國銀行合作夥伴關係。

As of August 2025, El Salvador holds 6,263 BTC, valued at over $730 million. The nation's unrealized profits exceeded $228 million. President Nayib Bukele's strategy of accumulating BTC through mining and tourism-linked revenue has proven fruitful.

截至2025年8月，埃爾·薩爾瓦多（El Salvador）持有6,263 BTC，價值超過7.3億美元。該國未實現的利潤超過了2.28億美元。納伊布·布克爾（Nayib Bukele）總統通過採礦和與旅遊業收入積累BTC的戰略已被證明是富有成果的。

What are Bitcoin Banks?

什麼是比特幣銀行？

The concept of Bitcoin Banks aligns with Bukele’s Bank for Private Investment (BPI) proposal from the previous year. These banks could operate with minimal regulations, offering services fully denominated in BTC, including savings accounts, loans, and payments. This would set El Salvador apart as a pioneer in crypto integration.

比特幣銀行的概念與上一年的私人投資銀行（BPI）提案保持一致。這些銀行可以以最少的法規運作，提供在BTC中完全徵收的服務，包括儲蓄帳戶，貸款和付款。這將使埃爾·薩爾瓦多（El Salvador）成為加密整合的先驅。

Challenges and Considerations

挑戰和考慮因素

Despite the buzz, challenges remain. The 'Bank for Private Investment' bill is still awaiting approval. Regulatory and financial barriers loom large. Earlier in 2025, El Salvador agreed to amend its Bitcoin law to secure an IMF-backed aid package, removing the requirement for businesses to accept Bitcoin and dissolving the Chivo wallet program.

儘管嗡嗡作響，仍然存在挑戰。 “私人投資銀行”法案仍在等待批准。監管和財務障礙迫在眉睫。 2025年早些時候，埃爾·薩爾瓦多（El Salvador）同意修改其比特幣法，以確保IMF支持的援助套餐，從而消除了企業接受比特幣並解散Chivo Wallet計劃的要求。

BTCFi: Bitcoin's DeFi Evolution

BTCFI：比特幣的Defi Evolution

The rise of Bitcoin's decentralized finance (DeFi) sector, or BTCFi, adds another layer to this story. In the first half of 2025, BTCFi attracted $175 million in VC funding. Innovations like the Runes protocol and Babylon’s Bitcoin-native staking have transformed Bitcoin into a yield-bearing, programmable financial network.

比特幣的分散財務（DEFI）部門（BTCFI）的興起為這個故事增加了另一層。在2025年上半年，BTCFI吸引了1.75億美元的風險投資。諸如符文協議和巴比倫的比特幣本地股權之類的創新將比特幣轉變為具有屈服的可編程財務網絡。

My Take: A High-Stakes Gamble

我的看法：高風險賭博

El Salvador's Bitcoin experiment is undoubtedly bold. On the one hand, the potential benefits are significant: attracting foreign investment, diversifying financial services, and positioning the country as a crypto hub. The increase in Bitcoin holdings and the rise of BTCFi indicate growing confidence in Bitcoin's potential.

El Salvador的比特幣實驗無疑是大膽的。一方面，潛在的收益很大：吸引外國投資，多樣化的金融服務以及將該國定位為加密樞紐。比特幣持有量的增加和BTCFI的興起表明，對比特幣潛力的信心越來越大。

On the other hand, the risks are equally substantial. Regulatory hurdles, financial instability, and external pressures from institutions like the IMF could derail the project. The success of Bitcoin Banks hinges on legislative approval, regulatory adaptation, and, of course, the continued stability and growth of the Bitcoin market.

另一方面，風險同樣強大。像國際貨幣基金組織這樣的機構的監管障礙，金融不穩定和外部壓力可能會使該項目脫軌。比特幣銀行的成功取決於立法批准，監管適應，當然還有比特幣市場的穩定性和增長。

Looking Ahead

展望未來

Whether Bitcoin Banks become a reality remains to be seen. El Salvador’s journey is one to watch. Will it pay off? Only time will tell, but one thing's for sure: it's never a dull moment in the world of crypto!

比特幣銀行是否成為現實還有待觀察。薩爾瓦多的旅程是值得關注的旅程。會回報嗎？只有時間會說明，但是可以肯定的是：這不是加密貨幣世界中的沉悶時刻！