总统唐纳德·特朗普（Donald Trump）建立了美国战略比特币储备金和加密资产库存

此举标志着政策的重大转变，美国政府将比特币视为一项战略资产，以及像黄金这样的传统储备。

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.

唐纳德·特朗普（Donald Trump）总统于2025年3月6日建立了美国战略比特币储备和加密资产库存的行政命令标志着比特币的历史性时刻，该时刻于2009年1月首次启动，并为数字资产行业推出了更广泛的启动。此举标志着政策的重大转变，美国政府将比特币视为一项战略资产，以及像黄金这样的传统储备。

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，这一宣布也受到了怀疑，尤其是那些认为这是对迫切问题或试图促进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.

具体而言，声带加密批评的参议员伊丽莎白·沃伦（D-Mass。她引用了对内幕交易和监管回滚的担忧，她敦促有关Sacks的加密货币撤资以及知道特朗普计划的细节。

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.

索拉纳在加密货币库存中加入了眉毛，特别是自从特朗普在就职之前就索拉纳的区块链发起了他的“官方特朗普”模因硬币。这激发了人们的猜测，即保护区和库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.

尽管加密货币行业的一些人欢迎此举，但比特币的价格下跌了5％以上，因为有消息称战略比特币储备和数字资产库存不包括政府购买，而只是对现有政策的正式化来持有没收资产。尽管其大胆的言论，该订单在很大程度上重申了当前的资产管理实践，而不是引入实质性的新政策。但是，它确实将比特币与其他战略储备一起放置，并履行特朗普的竞选承诺，以优先考虑数字资产政策的资产。

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，早期的比特币先驱查理·谢勒姆（Charlie Shrem）对这一消息做出了反应，并指出这是没有人想到的时刻。

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.

这是在模因硬币兴起和机构兴趣的兴起之前的一段时间，将比特币的价格提高到了六位数。

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，总统的行政命令建立了战略性比特币储备，尽管缺乏具体细节，但仍将更广泛的美国数字资产库存视为积极的一步。

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.

据说白宫计划在2025年3月7日举行加密省会峰会，与一小群加密精英进一步讨论此事。还有待观察的是，将邀请谁参加餐桌，以及是否存在任何消费者或技术法律观点。

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.

比特币储备的揭幕引发了有关美国政府在加密货币市场中的作用以及对比特币作为分散金融技术的未来的辩论。

What Is a Strategic Reserve?

什么是战略储备？

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.

战略储备是政府控制的关键资产的库存，通常是为了减轻国家安全或经济稳定风险而创建的。最著名的例子是美国战略石油储备（SPR），该储备有原油以防止供应中断。包括美国在内的政府还持有黄金和外币储备，以稳定国民经济。

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.

通过建立战略性比特币储备，美国将比特币置于与这些传统储备的同一类别中。这一举动是一个重大的发展，尤其是考虑到比特币的新兴本质及其作为挥发性资产类别的地位。

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.

白宫对比特币作为国家资产的框架表明，决策者现在将其视为价值存储，而不仅仅是投机性投资。 AccourtingInsights.org解释说：“在经济学中，价值存储的概念对于理解资产如何随着时间的推移而保持其价值至关重要。”充当价值存储的资产，“使个人和企业有信心保护购买力，以防止通货膨胀或市场波动。”因此，比特币被认为是反对通货膨胀的“对冲”。

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，战略比特币储备并非没有批评家。与石油对能源安全或黄金至关重要的石油不同，它已成为数千年的公认价值存储，比特币至少仍然是高度易波动的 - 至少目前。但是波动不是没有价值。这通常是新兴资产类别在金融体系中的地位的迹象。批评家认为，由于其数字性质和工业应用的缺乏，比特币缺乏内在价值，但固有的价值始终在情人眼中，并受资产存在的经济时代的需求所影响。

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，比特币的价值源自市场需求，可证明的稀缺性及其分散的安全模式，这些模式使其成为货币贬值和金融不稳定的对冲，其范围变得越来越有吸引力。随着世界经济的发展，今天被视为猜测可能会成为明天的财务弹性的重要支柱，这在机构采用趋势中已经明显了，现在，通过美国政府自身对比特币作为战略储备资产的认可。

Speaking of Bitcoin Price Volatility…

说到比特币价格波动...

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

当2025年3月7日之前的EO即将签署的新闻（加密峰会）