總統唐納德·特朗普（Donald Trump）建立了美國戰略比特幣儲備金和加密資產庫存

此舉標誌著政策的重大轉變，美國政府將比特幣視為一項戰略資產，以及像黃金這樣的傳統儲備。

President Donald Trump’s March 6, 2025 executive order establishing a U.S. Strategic Bitcoin Reserve and Crypto Asset Stockpile marks a historic moment for Bitcoin, first launched in January 2009, and for the digital assets industry, more broadly. The move signals a major shift in policy, with the U.S. government recognizing Bitcoin as a strategic asset alongside traditional reserves like gold.

唐納德·特朗普（Donald Trump）總統於2025年3月6日建立了美國戰略比特幣儲備和加密資產庫存的行政命令標誌著比特幣的歷史性時刻，該時刻於2009年1月首次啟動，並為數字資產行業推出了更廣泛的啟動。此舉標誌著政策的重大轉變，美國政府將比特幣視為一項戰略資產，以及像黃金這樣的傳統儲備。

However, the announcement has also been met with skepticism, particularly from those who view it as a distraction from pressing issues or as an attempt to boost Trump’s own image.

但是，這一宣布也受到了懷疑，尤其是那些認為這是對迫切問題或試圖促進特朗普自己的形象的人的注意力的人。

Specifically, vocal crypto-critic Senator Elizabeth Warren (D-Mass.) is demanding immediate financial disclosures from Crypto Czar David Sacks (who reportedly liquidated his holdings just days ago), questioning potential conflicts of interest. Citing concerns over insider trading and regulatory rollbacks, she pressed for details on Sacks’ crypto divestments and who knew of Trump’s plans.

具體而言，聲帶加密批評的參議員伊麗莎白·沃倫（D-Mass。她引用了對內幕交易和監管回滾的擔憂，她敦促有關Sacks的加密貨幣撤資以及知道特朗普計劃的細節。

The inclusion of Solana in the crypto stockpile has raised eyebrows, particularly since Trump launched his “Official Trump” meme coin on Solana’s blockchain prior to his inauguration. This has fueled speculation that some aspects of the reserve and stockpile may be political.

索拉納在加密貨幣庫存中加入了眉毛，特別是自從特朗普在就職之前就索拉納的區塊鏈發起了他的“官方特朗普”模因硬幣。這激發了人們的猜測，即保護區和庫存的某些方面可能是政治性的。

While some in the crypto industry welcomed the move, Bitcoin’s price dropped more than 5% upon news that the Strategic Bitcoin Reserve and Digital Asset Stockpile would not include government purchases, only a formalization of existing policy to hold confiscated assets. Despite its bold rhetoric, the order largely reaffirms current asset management practices rather than introducing substantive new policies. However, it does place Bitcoin alongside other strategic reserves and fulfills Trump’s campaign pledge to prioritize the asset in digital asset policy.

儘管加密貨幣行業的一些人歡迎此舉，但比特幣的價格下跌了5％以上，因為有消息稱戰略比特幣儲備和數字資產庫存不包括政府購買，而只是對現有政策的正式化來持有沒收資產。儘管其大膽的言論，該訂單在很大程度上重申了當前的資產管理實踐，而不是引入實質性的新政策。但是，它確實將比特幣與其他戰略儲備一起放置，並履行特朗普的競選承諾，以優先考慮數字資產政策的資產。

In a March 7, 2025, X/Twitter post, early Bitcoin pioneer Charlie Shrem reacted to the announcement, stating that it was a moment no one thought they’d live to see.

在2025年3月7日，X/Twitter帖子中，早期的比特幣先驅查理·謝勒姆（Charlie Shrem）對這一消息做出了反應，並指出這是沒有人想到的時刻。

This had some thinking back to a time before the rise of meme coins and institutional interest drove up the price of Bitcoin to six figures.

這是在模因硬幣興起和機構興趣的興起之前的一段時間，將比特幣的價格提高到了六位數。

However, the president’s executive order establishing a Strategic Bitcoin Reserve and a broader U.S. Digital Asset Stockpile was broadly viewed as a positive step despite the lack of specifics.

但是，總統的行政命令建立了戰略性比特幣儲備，儘管缺乏具體細節，但仍將更廣泛的美國數字資產庫存視為積極的一步。

The White House is said to be planning a March 7, 2025, Crypto Summit to discuss the matter further with a small group of crypto elites. It remains to be seen who will be invited to the table and whether any consumer or technical legal perspectives will be present.

據說白宮計劃在2025年3月7日舉行加密省會峰會，與一小群加密精英進一步討論此事。還有待觀察的是，將邀請誰參加餐桌，以及是否存在任何消費者或技術法律觀點。

The unveiling of the Bitcoin reserve has sparked debate about the U.S. government’s role in the cryptocurrency market and the implications for the future of Bitcoin as a decentralized financial technology.

比特幣儲備的揭幕引發了有關美國政府在加密貨幣市場中的作用以及對比特幣作為分散金融技術的未來的辯論。

What Is a Strategic Reserve?

什麼是戰略儲備？

Strategic reserves are government-controlled stockpiles of critical assets, typically created to mitigate national security or economic stability risks. The most well-known example is the U.S. Strategic Petroleum Reserve (SPR), which holds crude oil to protect against supply disruptions. Governments, including the United States, also hold reserves of gold and foreign currencies to stabilize national economies.

戰略儲備是政府控制的關鍵資產的庫存，通常是為了減輕國家安全或經濟穩定風險而創建的。最著名的例子是美國戰略石油儲備（SPR），該儲備金具有原油以防止供應中斷。包括美國在內的政府還持有黃金和外幣儲備，以穩定國民經濟。

By establishing a Strategic Bitcoin Reserve, the U.S. is placing Bitcoin in the same category as these traditional reserves. This move is a significant development, especially considering the emerging nature of Bitcoin and its status as a volatile asset class.

通過建立戰略性比特幣儲備，美國將比特幣置於與這些傳統儲備的同一類別中。這一舉動是一個重大的發展，尤其是考慮到比特幣的新興本質及其作為揮發性資產類別的地位。

The White House’s framing of Bitcoin as a national asset suggests that policymakers now view it as a store of value rather than merely a speculative investment. “In economics, the concept of a store of value is vital for understanding how assets retain their worth over time,” explains AccountingInsights.org. Assets that act as stores of value, “provide individuals and businesses confidence in preserving purchasing power against inflation or market fluctuations.” For this reason, Bitcoin is considered a “hedge” against inflation.

白宮對比特幣作為國家資產的框架表明，決策者現在將其視為價值存儲，而不僅僅是投機性投資。 AccourtingInsights.org解釋說：“在經濟學中，價值存儲的概念對於理解資產如何隨著時間的推移而保持其價值至關重要。”充當價值存儲的資產“使個人和企業有信心保護購買力抵抗通貨膨脹或市場波動。”因此，比特幣被認為是反對通貨膨脹的“對沖”。

However, the Strategic Bitcoin Reserve is not without its critics. Unlike oil, which is essential for energy security, or gold, which has served as a recognized store of value for millennia, Bitcoin remains highly volatile—at least for now. But volatility is not the absence of value; it is often a sign of an emerging asset class finding its place in the financial system. While critics argue that Bitcoin lacks intrinsic worth due to its digital nature and absence of industrial applications, intrinsic value is always in the eye of the beholder and shaped by the needs of the economic era in which an asset exists.

但是，戰略比特幣儲備並非沒有批評家。與石油對能源安全或黃金至關重要的石油不同，它已成為數千年的公認價值存儲，比特幣至少仍然是高度易波動的 - 至少目前。但是波動不是沒有價值。這通常是新興資產類別在金融體系中的地位的跡象。批評家認為，由於其數字性質和工業應用的缺乏，比特幣缺乏內在價值，但固有的價值始終在情人眼中，並受資產存在的經濟時代的需求所影響。

Today, Bitcoin’s value is derived from market demand, provable scarcity, and its decentralized security model—characteristics that have made it increasingly attractive as a hedge against currency debasement and financial instability. What is dismissed as speculation today may, as the world economy evolves, become an essential pillar of financial resilience tomorrow—a shift already evident in institutional adoption trends and now, through the U.S. government’s own recognition of Bitcoin as a strategic reserve asset.

如今，比特幣的價值源自市場需求，可證明的稀缺性及其分散的安全模式，這些模式使其成為貨幣貶值和金融不穩定的對沖，其範圍變得越來越有吸引力。隨著世界經濟的發展，今天被視為猜測可能會成為明天的財務彈性的重要支柱，這在機構採用趨勢中已經明顯了，現在，通過美國政府自身對比特幣作為戰略儲備資產的認可。

Speaking of Bitcoin Price Volatility…

說到比特幣價格波動...

When news of the imminent signing of this EO ahead of the March 7, 2025, Crypto Summit) first

當2025年3月7日之前的EO即將簽署的新聞（加密峰會）