德克薩斯州比特幣和保護區：孤獨的明星州戀愛關係？

德克薩斯州通過其戰略性比特幣儲備在加密貨幣世界中引起轟動。這是大膽的舉動還是另一個德克薩斯州大小的宣傳特技？讓我們潛水。

Howdy, folks! Texas is going all in on Bitcoin, y'all. With the establishment of the Texas Strategic Bitcoin Reserve, the Lone Star State is plantin' its flag firmly in the crypto landscape. But what does it all mean? Let's wrangle some insights.

嗨，伙計們！得克薩斯州正在全力以赴。隨著德克薩斯州戰略比特幣保護區的建立，孤星州在加密貨幣景觀中牢固地將其旗幟牢固。但是這意味著什麼？讓我們糾纏一些見解。

Texas: Bitcoin's New Best Friend?

德克薩斯州：比特幣的新好朋友？

Texas has officially declared Bitcoin a 'strategic asset' by establishing the Texas Strategic Bitcoin Reserve. Signed into law on June 20, 2025, SB 21 creates a state-managed fund that holds Bitcoin as a long-term investment. This move, alongside other legislative actions, aims to create a business-friendly environment for crypto companies and attract investment. Only cryptocurrencies with a market cap of at least $500 billion are eligible, making Bitcoin the sole contender for now.

德克薩斯州通過建立德克薩斯州戰略比特幣保護區正式宣布比特幣為“戰略資產”。 SB 21於2025年6月20日簽署為法律，創建了一項由州管理的基金，將比特幣視為一項長期投資。與其他立法行動一起，此舉旨在為加密公司創造一個友好的業務環境並吸引投資。只有至少5000億美元的市值的加密貨幣才有資格，這使得比特幣成為唯一的競爭者。

What's the Big Deal?

有什麼大不了的？

Funding for the Reserve will come from legislative appropriations, investment proceeds, revenue streams, and even crypto donations. Importantly, the Reserve operates independently from Texas’ general treasury, managed by the Texas Comptroller of Public Accounts. A five-person advisory committee, including crypto-investment professionals, provides oversight, ensuring transparency through biennial public reports. As of June of 2025, Texas is the first state to commit public funds to a Bitcoin reserve, joining Arizona and New Hampshire. All of this legislation like HB 591, SB 29 and HB 19 has laid the groundwork for Texas’ position as a pro-business and pro-cryptocurrency state.

儲備金的資金將來自立法撥款，投資收益，收入來源，甚至是加密貨幣捐贈。重要的是，該儲備由得克薩斯州公共帳戶審計長管理的德克薩斯州一般財政部獨立運營。一個五人諮詢委員會，包括加密投資專業人員，提供監督，並通過雙年展的公共報告確保透明度。截至2025年6月，得克薩斯州是第一個加入亞利桑那州和新罕布什爾州的比特幣保護區公共資金的州。所有這些立法（例如HB 591，SB 29和HB 19）為德克薩斯州作為親企業和親密貨幣國家的地位奠定了基礎。

The Lone Star State's Crypto Vision

孤星州的加密vision

This isn't just about hopping on the crypto bandwagon. Texas is strategically positioning itself as a hub for finance and digital asset innovation. SB 21 aims to bolster the state's financial resilience and hedge against inflation. Think of it as Texas diversifying its portfolio for the digital age. The recent passing of HB 4488 ensures that the funds will not be swept into the state's general revenue fund.

這不僅僅是跳上加密貨運。德克薩斯州在戰略上將自己定位為金融和數字資產創新的樞紐。 SB 21的目的是增強該州的財務彈性和對沖通貨膨脹。將其視為德克薩斯州在數字時代的投資組合多樣化。 HB 4488最近的去世確保了該資金不會被掃入該州的一般稅收基金。

Is It All Just a Publicity Stunt?

這只是宣傳特技嗎？

Critics might call it a publicity stunt, pointing out that an initial $10 million investment is a drop in the bucket compared to Texas' massive budget. However, it's a clear signal that Texas is serious about crypto. The state cannot accept Bitcoin for payments, and that will limit the ability of the reserve to grow over time. It sends a message to Bitcoin miners and crypto startups: Texas is open for business.

批評家可能將其稱為宣傳特技表演，並指出，與德克薩斯州的巨額預算相比，最初的1000萬美元投資是桶中的下降。但是，這清楚地表明得克薩斯州對加密貨幣很認真。國家不能接受比特幣進行付款，這將限制儲備隨著時間的推移增長的能力。它向比特幣礦工和加密貨幣初創公司發送消息：德克薩斯州開業。

What’s Next?

接下來是什麼？

With at least 28 states now considering similar legislation, Texas could be setting a precedent. Moreover, Texas' efforts could spur the federal government to explore its own Bitcoin program. A full-scale federal initiative could send Bitcoin's price soaring.

現在，至少有28個州正在考慮類似的立法，得克薩斯州可能會設定先例。此外，德克薩斯州的努力可能刺激聯邦政府探索自己的比特幣計劃。一項全面的聯邦倡議可以使比特幣的價格飆升。

Final Thoughts

最後的想法

So, is Texas' Bitcoin Reserve a game-changer or just a Texas-sized experiment? Only time will tell. But one thing's for sure: the crypto world is watching. And who knows, maybe one day you'll be payin' your Texas property taxes in Bitcoin. Yeehaw!

那麼，得克薩斯州的比特幣保留了改變遊戲規則的人還是僅僅是德克薩斯州大小的實驗？只有時間會證明。但是可以肯定的是：加密世界正在觀察。誰知道，也許有一天，您會以比特幣繳納德克薩斯州的財產稅。是的！