20個州有待定的戰略比特幣儲備金（SBR）立法

根據比特幣儲備監護儀的說法，有20個州有待定的戰略比特幣儲備（SBR）立法。就像這些努力一樣看似，他們可能被參議員辛西婭·盧米斯（Cynthia Lummis）推動的席捲聯邦框架所掩蓋

Twenty states have pending Strategic Bitcoin Reserve (SBR) legislation, according to the Bitcoin Reserve Monitor. These efforts, while noteworthy, may be overshadowed by a broader federal framework being pushed by Senator Cynthia Lummis, the new head of the Banking Subcommittee on Digital Assets.

根據比特幣儲備監護儀的說法，二十個州有待定的戰略比特幣儲備金（SBR）立法。這些努力雖然值得注意，但可能會被參議員辛西婭·盧米斯（Cynthia Lummis）推動的更廣泛的聯邦框架，這是銀行業數字資產小組委員會的新負責人。

After 16 years of speculation, experimentation, and blockchain calamities, Bitcoin appears to be on the cusp of a major shift in perception. Bitcoin’s inflation rate is already below 1%, and its 21 million BTC scarcity serves as a bulwark against the inevitable erosion of currency by the world’s central banks.

經過16年的猜測，實驗和區塊鏈災難，比特幣似乎處於感知重大轉變的風口浪尖上。比特幣的通貨膨脹率已經低於1％，其2100萬個BTC稀缺性是反對世界央行不可避免的貨幣侵蝕的堡壘。

Perhaps most importantly, Bitcoin’s ledger can be readily verified by anyone, unlike gold reserves. These and other factors position Bitcoin as a premiere retirement asset, one that is highly resistant to tampering by central planners.

也許最重要的是，與黃金儲備不同，任何人都可以很容易地驗證比特幣的分類帳。這些和其他因素將比特幣定位為首要退休資產，它高度抵抗中央計劃者的篡改。

But what would leveraging Bitcoin for retirement actually look like? First, we need to consider the significance of BSR being discussed at such a high level.

但是，利用比特幣的退休實際上會是什麼樣？首先，我們需要考慮在如此高的水平上討論BSR的重要性。

BSR: The Final Perceptual Push?

BSR：最終的感知推動？

At the core of human structure and function lies trust. It underpins interpersonal relations and large-scale societal systems. This is why narrative control, recently exposed by Elon Musk’s DOGE going through USAID funding, is so critical for governance systems, no matter how they are labeled.

人類結構和功能的核心是信任。它是人際關係和大規模社會系統的基礎。這就是為什麼埃隆·馬斯克（Elon Musk）的總督通過美國國際開發署（USAID）資助的敘事控制對治理體系至關重要的原因，無論它們如何被標記。

While highly precious, trust is a fungible resource. For the purpose of social stability, if trust in fakery is achieved, it is as valuable as trust in truth. However, the former type of trust lacks resilience, necessitating ever-escalating levers of course. In turn, this makes managed trust more fragile.

雖然高度珍貴，但信任是一種可利用的資源。出於社會穩定的目的，如果實現了對偽造的信任，那就像對真理的信任一樣有價值。但是，前者的信任類型缺乏韌性，當然需要不斷提高槓桿。反過來，這使託管信任更加脆弱。

In contrast to managed trust, we have Bitcoin as a trustless system. Paradoxically, Bitcoin represents the highest and most resilient form of trust management because it minimizes subjective trust while maximizing objective truth through its cryptography and proof-of-work mechanism.

與託管信任相反，我們將比特幣作為一種無信任的系統。矛盾的是，比特幣代表了信任管理的最高和最有彈性的形式，因為它可以最大程度地減少主觀信任，同時通過其加密術和工作證明機制最大化客觀真理。

At a glance, this would make Bitcoin the obvious choice as a store of value. However, surveys consistently show that older people are less trusting of Bitcoin and digital assets in general.

乍一看，這將使比特幣成為一個價值存儲的明顯選擇。但是，調查始終表明，一般來說，老年人對比特幣和數字資產的信任程度較低。

2023 Voice of the Investor study. Image credit: Morningstar

2023年投資者研究的聲音。圖片來源：晨星

Why is this the case? Why would people with greater experience be less trustful of the highest form of trust management like Bitcoin? Wouldn’t they welcome such major innovation?

為什麼這樣？為什麼經驗豐富的人們對比特幣等最高信任管理形式的信任不那麼信任？他們不是歡迎如此重大的創新嗎？

The reason is that reputational signaling overrides technical understanding. For most people, technical understanding is not even attempted without the social push. In other words, for something to be adopted and integrated, it has to be sanctified by authority figures, lest it be confined to the fringes.

原因是聲譽信號傳導覆蓋了技術理解。對於大多數人來說，沒有社會推動就不會嘗試技術理解。換句話說，要採用和整合某些東西，它必須由權威人物成聖，以免將其限制在邊緣。

The older demographic, specifically, relies more on “greater reputation-related activity in mentalizing/memory areas when making their decisions,” as shown by computational modeling in a 2023 study titled Age-related Differences in the Social Associative Learning of Trust Information.

較舊的人群，具體來說，更多地取決於“做出決策時在心理化/記憶領域中更大的與聲譽相關的活動”，如2023年的一項研究中的計算建模所示，標題為“與年齡相關的差異”，這是信任信息的社會協會學習。

To put it simply, for the older generation, the lowest common denominator mainstream media serves as the primary purveyor and sanctifier of Bitcoin information. However, because mainstream media is closely interwoven with the government, as the DOGE-powered revelations indicate, the sanctification process begins and ends with the government.

簡而言之，對於老年一代來說，最低的共同點主流媒體是比特幣信息的主要供應商和神聖者。但是，由於主流媒體與政府緊密相互交織，正如諾斯驅動的啟示所表明的那樣，成聖過程始於政府並結束。

This is why the potential Bitcoin Strategic Reserve is such a monumental threshold. It would signal trust in Bitcoin from the very top, which would then trickle down to sanctification layers that provide cues to the older demographic. Even if MSM is hostile to the Trump admin, the existence of BSR would shift the tone of Bitcoin coverage forever.

這就是為什麼潛在的比特幣戰略儲備是如此巨大的門檻。它將表明從最頂部對比特幣的信任，然後將其滴入成聖層，從而為較舊的人群提供線索。即使MSM對特朗普管理員有敵意，BSR的存在也會永遠改變比特幣覆蓋範圍。

As such, BSR should be understood as the final perceptual push that changes the Bitcoin landscape. The implications are already apparent.

因此，應該將BSR理解為改變比特幣景觀的最終感知推動力。含義已經很明顯。

Boomers vs Zoomers: Holders vs Strivers

嬰兒潮一代與Zoomers：持有人與彈力

Just as surveys show that younger generations are more likely to participate in digital assets, they also show that Gen Z has the least expectations for homeownership. This is a major generational cleavage, effectively burying the so-called “American Dream.” But is that really the case going forward?

正如調查表明，年輕一代更有可能參與數字資產一樣，他們還表明，Z世代對房屋所有權的期望最低。這是一個主要的世代乳溝，有效地掩埋了所謂的“美國夢”。但這真的是事實嗎？

What if BSR establishes new social signaling for the baby boomer generation? In that scenario, boomers would serve as (1946 – 1964) massive holders of wealth. Outpacing both GenX (1965 -1980) and Millennials (1981 -1996), boomers hold an estimated $78.1 trillion, or 52% of US net wealth as of 2023.

如果BSR為嬰兒潮一代建立新的社會信號怎麼辦？在這種情況下，嬰兒潮一代將成為（1946年至1964年）的大量財富持有者。 Boomers超過Genx（1965 -1980）和千禧一代（1981 -1996），據估計，截至2023年，美國淨財富的估計佔78.1萬億美元。

On average, baby boomers have a net worth of $2.31 million, according to Terry Rawnsley, KPMG Urban Economist. In contrast, GenX has an average net worth of $1.88 million, Millennials at $757,000, while Gen Z is at the bottom of the generational pile at $96,000.

畢馬威（KPMG Urban）經濟學家特里·拉恩斯利（Terry Rawnsley）表示，平均而言，嬰兒潮一代的淨資產為231萬美元。相比之下，Genx的平均淨資產為188萬美元，千禧一代為757,000美元，而Z代的世代底部為96,000美元。

If boomers take the reputational cue from BSR, even a small fraction of capital inflows into Bitcoin, custodial or non-custodial, would drastically shift BTC price. Wealth funds have already suggested above 1% BTC allocation

如果Boomers從BSR那裡獲得聲譽提示，即使是一小部分資本流入到比特幣，託管或非監測的情況下，也會大大轉移BTC的價格。財富基金已經提出了1％以上的BTC分配