美國必須將金融武器化以對抗中國

中國正在實施一項數十年計劃，以取代美國最大的資產：美元。美元作為全球儲備貨幣對於美國的經濟和地緣政治實力至關重要。

The United States is engaged in a multi-front war with China, and one of the key battlegrounds is the financial services sector. China is seeking to displace the dollar as the global reserve currency, and its authoritarian allies are building parallel cross-border economic systems. To counter these threats, the U.S. must recognize the importance of financial technology and cryptocurrency.

美國與中國正在進行多線戰爭，其中關鍵戰場之一就是金融服務業。中國正在尋求取代美元作為全球儲備貨幣，其威權盟友正在建立平行的跨國經濟體系。為了應對這些威脅，美國必須認識到金融科技和加密貨幣的重要性。

Lawmakers and politicians across the political spectrum have recognized the potential benefits of holding bitcoin on the nation’s balance sheet as a hedge against inflation. This move would also strengthen U.S. resilience against the economic challenges posed by China’s financial strategies.

各個政治領域的立法者和政治家都認識到在國家資產負債表上持有比特幣作為對沖通膨的潛在好處。此舉也將增強美國抵禦中國金融戰略帶來的經濟挑戰的能力。

The Federal Reserve, like many central banks, holds a diverse portfolio of reserve assets. As of 2024, this includes approximately $35 billion in foreign currencies and $11 billion in gold stock. These holdings demonstrate America’s economic strength and provide liquidity during financial stress. However, in our rapidly digitizing world, the absence of a native digital asset in this portfolio is becoming increasingly conspicuous.

與許多中央銀行一樣，聯準會持有多樣化的儲備資產組合。截至 2024 年，這包括約 350 億美元的外幣和 110 億美元的黃金庫存。這些資產展現了美國的經濟實力，並在金融壓力期間提供流動性。然而，在我們快速數位化的世界中，該投資組合中缺乏原生數位資產變得越來越明顯。

With its global reach and growing adoption, bitcoin is the ideal candidate to fill this gap. Often called “digital gold,” bitcoin is a scarce commodity. The U.S. is the largest nation-state holder of bitcoin, having seized 210,000 coins from illegal actors. This gives the U.S. a first-mover advantage and could secure our economic future.

憑藉其全球影響力和日益廣泛的採用，比特幣是填補這一空白的理想選擇。比特幣通常被稱為“數位黃金”，是一種稀缺商品。美國是最大的比特幣持有國，已從非法行為者手中查獲 21 萬枚比特幣。這為美國提供了先發優勢，並可以確保我們的經濟未來。

Critics may argue that bitcoin's volatility makes it unsuitable as a reserve asset. However, this volatility will likely decrease as adoption grows and the market matures. In 2021, El Salvador recognized bitcoin as legal tender and began purchasing it as a treasury reserve asset. They have seen a 100% increase in value and have no intention of selling.

批評者可能會認為，比特幣的波動性使其不適合作為儲備資產。然而，隨著採用率的成長和市場的成熟，這種波動性可能會減少。 2021年，薩爾瓦多承認比特幣為法定貨幣，並開始購買它作為國庫儲備資產。他們看到價值增加了100%，卻無意出售。

The U.S. must recognize we are already in a multi-front war with China. One of these fronts is the financial services sector, and crypto is a weapon in our arsenal. Losing this battle means global financial services and individual financial activity would be dominated by adversarial states focused on control, surveillance and dominance — and a continued attack on our currency.

美國必須認識到我們已經與中國陷入多線戰爭。其中一個前沿是金融服務業，而加密貨幣是我們武器庫中的一種武器。輸掉這場戰鬥意味著全球金融服務和個人金融活動將由專注於控制、監視和主導地位的敵對國家主導——以及對我們貨幣的持續攻擊。

Trump understands this, telling Bloomberg in July, “If we don’t do it, China is going to pick [bitcoin] up.”

川普明白這一點，他在 7 月告訴彭博社，“如果我們不這樣做，中國就會拿起[比特幣]。”

Projecting American financial power also requires the government to empower, enable and encourage our private economic sector to interact with contested economies throughout the Indo-Pacific and beyond. Expanding the use of our payment systems, banks and dollars — even where it’s controversial — is essential.

投射美國的金融實力還需要政府賦權、支持和鼓勵我們的私營經濟部門與整個印度-太平洋地區及其他地區的有爭議的經濟體互動。擴大我們的支付系統、銀行和美元的使用——即使在有爭議的地方——也是至關重要的。

Right now, our adversaries are winning because we aren't even playing. They are exporting their systems, institutions and surveillance tools worldwide. Meanwhile, we’ve done little as TikTok, a serious threat to our national security, captivates an entire generation of Americans. We must do the same with financial technology because no disruption would be greater to our enemies.

現在，我們的對手正在獲勝，因為我們甚至沒有參加比賽。他們正在向全世界出口他們的系統、機構和監視工具。同時，我們幾乎沒有採取任何行動，因為 TikTok 作為對我們國家安全的嚴重威脅，吸引了整個美國人。我們必須對金融科技採取同樣的做法，因為對我們的敵人來說，沒有任何破壞比這更大的了。

The U.S. should more explicitly weaponize financial technology and crypto. For example, we should endorse decentralized financial technology that enables citizens of hostile governments like Iran to use smartphones to access USD-based stablecoins and payment services, in order to begin separating their economic activity from their government’s control. At its core, power is about control — not just of police or national security but of resources and economies.

美國應該更明確地將金融科技和加密貨幣武器化。例如，我們應該支持去中心化的金融技術，使伊朗等敵對政府的公民能夠使用智慧型手機存取基於美元的穩定幣和支付服務，以便開始將其經濟活動脫離政府的控制。權力的核心在於控制——不僅是對警察或國家安全的控制，而且是對資源和經濟的控制。

The world is at a financial crossroads. The question isn’t whether digital currencies will shape the future but how we will adapt to this new reality. The U.S. can shape this future by embracing bitcoin as a reserve asset. The time for bold action is now, and the benefits for global financial stability and innovation could be profound.

世界正處於金融十字路口。問題不在於數位貨幣是否會塑造未來，而是我們將如何適應這個新現實。美國可以透過將比特幣作為儲備資產來塑造這個未來。現在是採取大膽行動的時候了，這對全球金融穩定和創新的好處可能是深遠的。