萨尔瓦多的比特币银行：新的黎明还是冒险的赌注？

埃尔·萨尔瓦多（El Salvador）推动比特币银行（Bitcoin Banks）引发了兴奋和怀疑。它会彻底改变金融还是面临监管障碍？

Bitcoin Banks in El Salvador: A New Dawn or a Risky Bet?

萨尔瓦多的比特币银行：新的黎明还是冒险的赌注？

El Salvador's persistent pursuit of Bitcoin integration has taken a bold new turn with the announcement of impending 'Bitcoin Banks.' This move, signaled by the National Bitcoin Office (ONBTC) in August 2025, aims to establish a financial system fully operating on Bitcoin. But is this innovation or imprudence?

埃尔·萨尔瓦多（El Salvador）对比特币整合的持续追求，随着即将来临的“比特币银行”的宣布，它发生了大胆的新转变。这一举动由国家比特币办公室（ONBTC）于2025年8月提出，旨在建立一个在比特币上运行的金融体系。但是，这是创新还是毫无用处？

El Salvador Doubles Down on Bitcoin

萨尔瓦多（El Salvador）在比特币上加倍

Since making Bitcoin legal tender in 2021, El Salvador has been on a mission to deepen its involvement with crypto. Recent developments, like the proposal for a 'Bank for Private Investment' operating in both Bitcoin and US dollars, underscore this commitment. This bank would operate with lighter regulations and broader access to foreign banking partnerships.

自2021年制作比特币法律招标以来，萨尔瓦多一直在使其加深与加密货币的参与。最近的发展，例如针对比特币和美元运营的“私人投资银行”的提议，强调了这一承诺。该银行将采用更轻松的法规和更广泛的外国银行合作伙伴关系。

As of August 2025, El Salvador holds 6,263 BTC, valued at over $730 million. The nation's unrealized profits exceeded $228 million. President Nayib Bukele's strategy of accumulating BTC through mining and tourism-linked revenue has proven fruitful.

截至2025年8月，埃尔·萨尔瓦多（El Salvador）持有6,263 BTC，价值超过7.3亿美元。该国未实现的利润超过了2.28亿美元。纳伊布·布克尔（Nayib Bukele）总统通过采矿和与旅游业收入积累BTC的战略已被证明是富有成果的。

What are Bitcoin Banks?

什么是比特币银行？

The concept of Bitcoin Banks aligns with Bukele’s Bank for Private Investment (BPI) proposal from the previous year. These banks could operate with minimal regulations, offering services fully denominated in BTC, including savings accounts, loans, and payments. This would set El Salvador apart as a pioneer in crypto integration.

比特币银行的概念与上一年的私人投资银行（BPI）提案保持一致。这些银行可以以最少的法规运作，提供在BTC中完全征收的服务，包括储蓄帐户，贷款和付款。这将使埃尔·萨尔瓦多（El Salvador）成为加密整合的先驱。

Challenges and Considerations

挑战和考虑因素

Despite the buzz, challenges remain. The 'Bank for Private Investment' bill is still awaiting approval. Regulatory and financial barriers loom large. Earlier in 2025, El Salvador agreed to amend its Bitcoin law to secure an IMF-backed aid package, removing the requirement for businesses to accept Bitcoin and dissolving the Chivo wallet program.

尽管嗡嗡作响，仍然存在挑战。 “私人投资银行”法案仍在等待批准。监管和财务障碍迫在眉睫。 2025年早些时候，埃尔·萨尔瓦多（El Salvador）同意修改其比特币法，以确保IMF支持的援助套餐，从而消除了企业接受比特币并解散Chivo Wallet计划的要求。

BTCFi: Bitcoin's DeFi Evolution

BTCFI：比特币的Defi Evolution

The rise of Bitcoin's decentralized finance (DeFi) sector, or BTCFi, adds another layer to this story. In the first half of 2025, BTCFi attracted $175 million in VC funding. Innovations like the Runes protocol and Babylon’s Bitcoin-native staking have transformed Bitcoin into a yield-bearing, programmable financial network.

比特币的分散财务（DEFI）部门（BTCFI）的兴起为这个故事增加了另一层。在2025年上半年，BTCFI吸引了1.75亿美元的风险投资。诸如符文协议和巴比伦的比特币本地股权之类的创新将比特币转变为具有屈服的可编程财务网络。

My Take: A High-Stakes Gamble

我的看法：高风险赌博

El Salvador's Bitcoin experiment is undoubtedly bold. On the one hand, the potential benefits are significant: attracting foreign investment, diversifying financial services, and positioning the country as a crypto hub. The increase in Bitcoin holdings and the rise of BTCFi indicate growing confidence in Bitcoin's potential.

El Salvador的比特币实验无疑是大胆的。一方面，潜在的收益很大：吸引外国投资，多样化的金融服务以及将该国定位为加密枢纽。比特币持有量的增加和BTCFI的兴起表明，对比特币潜力的信心越来越大。

On the other hand, the risks are equally substantial. Regulatory hurdles, financial instability, and external pressures from institutions like the IMF could derail the project. The success of Bitcoin Banks hinges on legislative approval, regulatory adaptation, and, of course, the continued stability and growth of the Bitcoin market.

另一方面，风险同样强大。像国际货币基金组织这样的机构的监管障碍，金融不稳定和外部压力可能会使该项目脱轨。比特币银行的成功取决于立法批准，监管适应，当然还有比特币市场的稳定性和增长。

Looking Ahead

展望未来

Whether Bitcoin Banks become a reality remains to be seen. El Salvador’s journey is one to watch. Will it pay off? Only time will tell, but one thing's for sure: it's never a dull moment in the world of crypto!

比特币银行是否成为现实还有待观察。萨尔瓦多的旅程是值得关注的旅程。会回报吗？只有时间会说明，但是可以肯定的是：这不是加密货币世界中的沉闷时刻！