比特幣儲備法案：比特幣與全球經濟的歷史性轉折點

比特幣儲備法案由參議員 Cynthia Lummis 提出，旨在為美國提供一個創新的法律框架來整合比特幣

The crypto ecosystem may be entering a new phase of transformation, as a significant political initiative emerges that could disrupt the historical foundations of the market. U.S. Senator Cynthia Lummis has proposed the Bitcoin Reserve Act, a bill that would see bitcoin recognized as a strategic reserve asset for the United States.

隨著一項可能破壞市場歷史基礎的重大政治舉措的出現，加密生態系統可能正在進入一個新的轉型階段。美國參議員辛西婭·魯米斯 (Cynthia Lummis) 提出了《比特幣儲備法案》，該法案將把比特幣視為美國的戰略儲備資產。

This initiative, which plans for the gradual integration of one million bitcoins into U.S. federal reserves, takes place in a context of growing economic and geopolitical rivalries. As powers like Russia and Germany are also considering adopting similar strategies, this project is particularly eye-catching. Furthermore, the implications of such a move extend beyond American borders and redefine the role of Bitcoin on the international stage, granting it an unprecedented status in the history of cryptos.

這項計畫計劃逐步將 100 萬比特幣納入美國聯邦儲備，是在經濟和地緣政治競爭日益激烈的背景下進行的。由於俄羅斯、德國等大國也考慮採取類似戰略，這項計畫尤其引人注目。此外，此舉的影響超越了美國國界，並重新定義了比特幣在國際舞台上的作用，賦予其在加密貨幣歷史上前所未有的地位。

The Bold Proposal of the Bitcoin Reserve Act

比特幣儲備法的大膽提議

The Bitcoin Reserve Act, proposed by Senator Cynthia Lummis, aims to provide the United States with an innovative legal framework to integrate bitcoin into their strategic reserves. This bill foresees the purchase of 200,000 bitcoins per year over a period of five years, allowing the U.S. government to accumulate a total of one million bitcoins.

比特幣儲備法案由參議員辛西婭·魯米斯 (Cynthia Lummis) 提出，旨在為美國提供一個創新的法律框架，將比特幣納入其戰略儲備。該法案預計在五年內每年購買 20 萬個比特幣，使美國政府得以累積總共 100 萬個比特幣。

Such an initiative reflects an ambitious vision, aiming to make bitcoin a pillar of U.S. public finances in order to consolidate its status as a globally recognized asset. Iliya Kalchev, an analyst at Nexo, called this initiative a “historic moment for bitcoin.” He believes it could officially legitimize it as a “global financial instrument.”

這項舉措體現了一個雄心勃勃的願景，旨在使比特幣成為美國公共財政的支柱，以鞏固其作為全球公認資產的地位。 Nexo 分析師 Iliya Kalchev 稱這項舉措為「比特幣的歷史性時刻」。他相信這可以正式使其成為「全球金融工具」合法化。

Support for this proposal finds particular resonance in the camp of elected President Donald Trump, known for his pro-crypto positions. Thus, in an interview with CNBC, Trump compared the establishment of a strategic bitcoin stockpile to that of U.S. oil reserves, highlighting its potential as a national reserve asset.

對這項提案的支持在當選總統唐納德·川普的陣營中引起了特別的共鳴，他以支持加密貨幣的立場而聞名。因此，川普在接受 CNBC 採訪時，將比特幣戰略儲備的建立與美國石油儲備的建立進行了比較，強調了其作為國家儲備資產的潛力。

This position was corroborated by Denis Porter, co-founder of the Satoshi Act Fund. In a post dated December 15, 2024, on social network X (formerly Twitter), Porter stated that Trump’s team is actively examining the idea of an executive order to create a strategic reserve of bitcoins.

這一立場得到了 Satoshi Act Fund 聯合創始人 Denis Porter 的證實。波特在社群網路 X（前身為 Twitter）上於 2024 年 12 月 15 日發布的貼文中表示，川普的團隊正在積極研究行政命令的想法，以建立比特幣戰略儲備。

However, despite this apparent enthusiasm, notable obstacles could hinder the realization of the project. While a presidential decree would lay the initial groundwork, the sustainability of such an initiative would depend on a vote in Congress. This legislative passage is crucial to protect the program from potential political shifts, especially during changes in majority.

然而，儘管有這種明顯的熱情，但明顯的障礙可能會阻礙該計畫的實現。雖然總統令將奠定初步基礎，但這項措施的可持續性將取決於國會的投票。這條立法通過對於保護該計劃免受潛在政治變化的影響至關重要，特別是在多數派變更期間。

Such political uncertainty illustrates the inherent challenges of implementing such an ambitious strategy, in a context where bitcoin remains a topic of debate within American institutions.

在比特幣仍然是美國機構內部爭論話題的背景下，這種政治不確定性說明了實施如此雄心勃勃的策略所面臨的固有挑戰。

A Global Competition and a Disruption of Market Dynamics

全球競爭與市場動態的破壞

The impact of the Bitcoin Reserve Act could extend well beyond American borders, triggering an unprecedented global dynamic. According to several experts, this initiative would push other nations to build their own bitcoin reserves to avoid losing their economic competitiveness.

比特幣儲備法案的影響可能遠遠超出美國邊界，引發前所未有的全球動態。幾位專家表示，這項措施將推動其他國家建立自己的比特幣儲備，以避免失去經濟競爭力。

George S. Georgiades, a lawyer specializing in cryptos, described this project as a possible catalyst for widespread adoption: “the implementation of the Bitcoin Reserve Act would lead to a major change for global adoption. It could force nations to follow suit or risk being left behind.”

專門從事加密貨幣的律師 George S. Georgiades 將該項目描述為廣泛採用的可能催化劑：「比特幣儲備法的實施將導致全球採用的重大變化。它可能會迫使各國效仿，否則就有被拋在後面的風險。

Such international competition could accelerate bitcoin’s transformation into a global monetary standard, positioning this crypto as an indispensable strategic asset.

這種國際競爭可能會加速比特幣向全球貨幣標準的轉變，使這種加密貨幣成為不可或缺的戰略資產。

This change would also have profound consequences on the behaviors of institutional investors. Thus, unlike traditional bitcoin cycles, historically dominated by the halving and characterized by periods of strong growth followed by brutal corrections, sustained demand from states and financial institutions could significantly reduce volatility.

這項變化也將對機構投資者的行為產生深遠的影響。因此，與傳統的比特幣週期不同，傳統的比特幣週期歷來以減半為主導，其特點是強勁增長時期和隨後的殘酷調整，來自國家和金融機構的持續需求可以顯著減少波動性。

This evolution, already perceptible, would call into question the famed four-year cycles. “We are already observing structural changes, and the four-year cycles have been questioned repeatedly,” emphasizes Iliya Kalchev.

這種已經顯而易見的演變將使人們對著名的四年周期產生疑問。 「我們已經在觀察結構性變化，四年周期一再受到質疑，」伊利亞·卡爾切夫強調。

In the longer term, this disruption could introduce increased stability in the markets, attracting more institutional investors. These investors, with their disciplined strategies and greater financial capacities, would be able to sustainably influence current dynamics. Indeed, the strengthened presence of institutional players could transform bitcoin into a market less reactive to the speculative behaviors of individuals, thus reducing the amplitude of price fluctuations.

從長遠來看，這種混亂可能會提高市場的穩定性，吸引更多的機構投資者。這些投資者憑藉其嚴格的策略和更強的財務能力，將能夠持續影響當前的動態。事實上，機構參與者的加強可以將比特幣轉變為一個對個人投機行為反應較小的市場，從而減少價格波動的幅度。

In this context, the adoption of the Bitcoin Reserve Act would pave the way for a new era, where bitcoin would be more than just a reserve asset, but a true pillar of global financial systems.

在這種背景下，《比特幣儲備法》的通過將為新時代鋪路，在這個新時代，比特幣將不僅僅是一種儲備資產，而是全球金融體系的真正支柱。

The adoption of the Bitcoin Reserve Act could mark a historic turning point in the way governments view cryptos, redefining the role of bitcoin on the international stage. This initiative could transform the crypto into an indispensable strategic asset, aiming to sustainably influence the dynamics of financial markets. However, this bold vision is not without risks. Increased volatility could arise in the short term, while a new balance is established.

《比特幣儲備法》的通過可能標誌著政府看待加密貨幣方式的歷史性轉折，重新定義了比特幣在國際舞台上的作用。這項措施可以將加密貨幣轉變為不可或缺的戰略資產，旨在永續影響金融市場的動態。然而，這個大膽的願景並非沒有風險。在建立新的平衡的同時，短期內波動可能會加劇。