新罕布什爾州和亞利桑那州使他們的國家國債能夠投資比特幣

新罕布什爾州於5月6日簽署了一項法案，該法案使其國家財政部能夠投資於比特幣（Crypto：BTC）等數字資產。

On May 6, New Hampshire signed a bill that will enable its state treasury to invest in digital assets like Bitcoin (CRYPTO: BTC). Arizona followed suit on May 7, signing a slightly different bill of its own. Now, there's yet another set of policy catalysts from which the digital coin's holders can benefit.

5月6日，新罕布什爾州簽署了一項法案，該法案將使其州財政部能夠投資於比特幣（Crypto：BTC）等數字資產。亞利桑那州於5月7日效仿，簽署了自己的賬單略有不同。現在，還有另一套政策催化劑，數字硬幣的持有人可以從中受益。

Much like the federal government's Strategic Bitcoin Reserve (SBR), none of these state-level reserves have been implemented as of yet. If they are, they could directly impact the coin's pricing and supply dynamics.

與聯邦政府的戰略比特幣儲備（SBR）一樣，截至目前尚未實施這些州級的儲備。如果是，它們可能直接影響硬幣​​的定價和供應動態。

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現在在哪裡投資1,000美元？我們的分析師團隊剛剛透露了他們認為購買的10種最佳股票，其中一張令人驚訝。繼續閱讀以了解他們的首選。

Let's dive in and examine what these bills aim to do and why they matter.

讓我們潛入並檢查這些法案的目標以及為什麼要做什麼。

State reserve bills differ from the federal policy

州預備賬單與聯邦政策不同

The first thing to appreciate about the proposed state-level Bitcoin reserve policies is that they differ significantly from each other, as well as from the federal government's SBR.

關於擬議的州級比特幣儲備政策，要欣賞的第一件事是，它們彼此之間以及聯邦政府的SBR彼此之間有很大差異。

For instance, New Hampshire's new law allows its state treasurer to use public funds to invest in precious metals like gold, silver, or platinum. It also opens the door to buying cryptocurrencies or "any digital asset with a market capitalization of over $500 billion," which may enable the holding of stablecoins as well. Right now, only Bitcoin fulfills the market cap criteria, but that could change in the future.

例如，新罕布什爾州的新法律允許其國家財務主管使用公共資金來投資黃金，銀或鉑金等貴金屬。它還為購買加密貨幣或“市值超過5000億美元的任何數字資產”打開了大門，這也可能使Stablecoins持有。目前，只有比特幣才能符合市值的標準，但這可能會在未來發生變化。

Image source: Getty Images.

圖像來源：蓋蒂圖像。

Arizona's new law takes a different approach, redirecting the proceeds from unclaimed property into Bitcoin and "top-tier digital assets." There's no indication that public funds can or will be allocated to buying such assets, or that seized coins will be retained rather than sold. That strategy will likely result in far less upward price pressure on the coin, but other states are evaluating other paths that might be more impactful.

亞利桑那州的新法律採用了不同的方法，將收益從無人認領的財產重定向到比特幣和“頂級數字資產”。沒有跡象表明公共資金可以或將分配給購買此類資產，或者將保留扣押的硬幣而不是出售。該策略可能會導致硬幣上的價格壓力大大減輕，但其他州正在評估其他可能更具影響力的路徑。

Several other state-level bills are currently being voted on. For instance, Texas is planning to fill its reserve with funds that are specifically appropriated by the legislature. Meanwhile, North Carolina's proposed bill calls both for holding on to seized digital assets and for potentially investing in them using state pension funds, though this bill doesn't mention Bitcoin specifically. Votes for these bills are coming up in the next few months, though it's important to note that some attempts, like Montana's, have already been voted down. Other states have seen their crypto reserve bills vetoed by the governor in question.

目前正在對其他幾項州級法案進行投票。例如，德克薩斯州計劃用立法機關專門撥款的資金填充其儲備金。同時，北卡羅來納州提議的法案呼籲持有持有的數字資產以及使用州養老基金進行投資，儘管該法案並未具體提及比特幣。這些法案的投票將在接下來的幾個月內提出，儘管重要的是要注意，一些嘗試（例如蒙大拿州的嘗試）已經被投票。其他州也看到了有關州長否決的加密儲備金賬單。

In contrast to these proposed policies, the federal SBR does not allow for direct investment of public funds into Bitcoin or other cryptocurrencies in any way that would increase the size of the budget. However, it does mandate the retention of all of those assets if the government comes into possession of them via asset forfeitures.

與這些擬議的政策相反，聯邦SBR不允許以任何增加預算規模的任何方式將公共資金直接投資於比特幣或其他加密貨幣。但是，如果政府通過資產沒收擁有所有這些資產，則確實要求保留所有這些資產。

From an investment standpoint, these different policies are likely to have somewhat different strengths in terms of their effect on Bitcoin. Opting to retain seized assets takes a supply of the coin off the market, at least until state governments opt to spend it. That could increase the asset's price by reducing the outstanding float of supply. On the other hand, the states that are planning to directly invest public funds into Bitcoin have far more bullish implications for its coin price.

從投資的角度來看，這些不同的政策在對比特幣的影響方面可能具有不同的優勢。至少在州政府選擇花費它之前，選擇保留扣押資產可以從市場上供應硬幣。這可能會通過減少未償還的供應量來提高資產的價格。另一方面，計劃將公共資金直接投資於比特幣的州對其硬幣價格具有更大的看漲影響。

Either way, there is no way to interpret the swath of new policies under consideration as being bearish for Bitcoin in any way. While state governments may not necessarily be as dedicated to holding the coin for the long term as the federal government claims it will be if it implements the SBR, they'll still be more reliable holders than flighty investors, who can often be scared into selling based on poor market sentiment.

無論哪種方式，都沒有辦法將所考慮的新政策解釋為對比特幣的看跌。儘管州政府可能不一定要長期持有硬幣，就像聯邦政府所說的那樣，如果它實施SBR，他們仍然會比飛行的投資者更可靠地持有人，而飛行的投資者通常會因為不良的市場情感而害怕銷售。

Expect more policies to come

期望更多的政策來

New Hampshire and Arizona are just the first couple of states to pass a digital asset reserve bill of some kind. Dozens of others are currently evaluating policies or voting on related bills. Some have already made more than one attempt at getting bills through the local legislature or past the governor's veto. These attempts will probably continue through the rest of the year, and perhaps beyond.

新罕布什爾州和亞利桑那州只是第一批通過某種數字資產儲備賬單的州。目前，數十名正在評估政策或對相關法案進行投票。有些人已經做出了不止一次的嘗試，以通過當地立法機關或州長的否決權獲得賬單。這些嘗試可能會持續到今年剩下的時間，甚至可能會持續到以後。

The immediate price impacts on Bitcoin itself will be insignificant at best.

對比特幣本身的直接價格影響至多將是微不足道的。

Over the long term, however, the effect of having more competition for supply, and of having more of the supply held in storage rather than being available for sale, may become significant. State budgets are similar in size to those of many institutional investors, which means that they can bring real capital to bear when they're allowed to. And there isn't much that's a bigger validation of an asset's value and long-term viability than if both the state and the federal government are going out of their way to hold onto it.

但是，從長遠來看，有更多的供應競爭以及擁有更多供應量而不是出售的供應的影響可能會變得很重要。國家預算的規模與許多機構投資者的預算相似，這意味著他們可以在允許時帶來真正的資本。與國家和聯邦政府都竭盡所能，對資產價值和長期生存能力的驗證並不多。

Should you invest $1,000 in Bitcoin right now?

您現在應該在比特幣上投資1,000美元嗎？

Before you buy stock in Bitcoin, consider this:

在您購買比特幣庫存之前，請考慮以下方式：

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