特朗普政府提出了一项结构化计划，以最大程度地提高加密货币持有的价值

这项倡议由包括财政部长Scott Bessent和Crypto Czar David Sacks在内的官员概述，旨在优化政府现有的加密货币库存

The Trump administration is structuring a plan to maximize the value of cryptocurrency holdings in U.S. reserves, following the president’s recent endorsement of digital assets such as bitcoin, XRP, Ethereum, Solana, and Cardano.

在总统最近认可比特币，XRP，以太坊，Solana和Cardano等数字资产之后，特朗普政府正在制定一项计划，以最大程度地提高美国储备中加密货币持有的价值。

This initiative, outlined by officials including Treasury Secretary Scott Bessent and crypto czar David Sacks, aims to optimize the government’s existing cryptocurrency stockpile while establishing a bitcoin-exclusive strategic reserve.

这项倡议是由包括财政部长Scott Bessent和Crypto Czar David Sacks在内的官员概述的，旨在优化政府现有的加密货币库存，同时建立比特币排名式的战略储备。

U.S. Moves to Centralized Crypto Management

美国搬到集中的加密管理

Technology investor and new crypto czar David Sacks discussed the administration’s approach on the All In Podcast, where he serves as a cohost.

技术投资者和新的加密沙皇大卫·萨克斯（David Sacks）在播客中讨论了政府在播客中的方法，他是他的同伙。

Sacks emphasized that the government would consolidate its cryptocurrency holdings into a “digital stockpile,” placing management responsibilities under the Treasury Department.

萨克斯强调，政府将将其加密货币持有到“数字库存”中，将管理责任置于财政部。

“The purpose of the stockpile is responsible stewardship, it’s a place for safekeeping, it’s a centralized account under the direction of the secretary of the Treasury, and the secretary of the Treasury will figure out how to maximize the value of these holdings,” Sacks stated.

萨克斯说：“库存的目的是负责任的管理，这是一个保管的地方，它是财政部长的指导下的集中式帐户，财政部长将弄清楚如何最大程度地提高这些财产的价值。”

This move follows a shift in strategy by the White House, which initially planned to focus on a bitcoin-only reserve. Instead, the administration has divided its approach, creating a primary Bitcoin reserve and a broader crypto stockpile that includes Ethereum, XRP, Solana, and Cardano. Officials suggest that this division will allow for more effective portfolio management.

此举是在白宫战略转变之后，该战略最初计划专注于仅比特币的预备役。取而代之的是，政府已将其方法分开，创建了主要的比特币储备和更广泛的加密储备，其中包括以太坊，XRP，Solana和Cardano。官员们建议该部门将允许更有效的投资组合管理。

Trump Reaffirms Commitment to Bitcoin and Crypto

特朗普重申对比特币和加密的承诺

At a White House crypto summit this week, Trump reaffirmed his commitment to making the U.S. a leader in digital assets. He characterized Bitcoin as the foundation of the country’s cryptocurrency strategy, referring to the new Bitcoin reserve as a “digital Fort Knox.”

在本周的白宫加密峰会上，特朗普重申了他致力于使美国成为数字资产领导者的承诺。他将比特币描述为该国加密货币战略的基础，将新的比特币保护区称为“数字堡垒”。

“I promised to make America the bitcoin superpower of the world and the crypto capital of the planet and today we’re taking historic action to deliver on that promise,” Trump said, according to The New York Times.

据《纽约时报》说：“我答应使美国成为世界的比特币超级大国和地球的加密之都，今天，我们正在采取历史行动来实现这一诺言。”

This initiative fulfills Trump’s campaign promises to establish a national Bitcoin reserve. At the Bitcoin 2024 conference in July, he suggested that Bitcoin could surpass gold’s $20 trillion market capitalization.

这项倡议履行了特朗普的竞选活动，承诺建立国家比特币储备。在7月的2024年比特币会议上，他建议比特币可以超过黄金的20万亿美元市值。

Treasury to Optimize Crypto Holdings

优化加密货币的财政部

Sacks indicated that the government will focus on optimizing its crypto holdings rather than making direct purchases. He explained that the Treasury’s approach would involve strategic management rather than immediate acquisitions.

萨克斯表示，政府将专注于优化其加密货币持有物而不是直接购买。他解释说，财政部的方法将涉及战略管理，而不是立即收购。

“The crypto stockpile should be subject to good portfolio management and fortunately we have a secretary of the Treasury who is an extremely successful former hedge fund manager, so he’s going to figure out the best way to manage these assets and we give him the flexibility to do portfolio management,” Sacks stated.

“加密储备应受到良好的投资组合管理，幸运的是，我们拥有一位非常成功的前对冲基金经理，因此他将找出管理这些资产的最佳方法，我们为他提供了进行投资组合管理的灵活性，”萨克斯说。

Trump’s executive order, issued ahead of the summit, outlines the establishment of the bitcoin reserve and crypto stockpile, drawing on existing government holdings.

特朗普在峰会之前发布的行政命令概述了现有的政府持有量的建立比特币储备和加密货币。

However, it does not authorize new Bitcoin or crypto purchases, which some market participants had hoped for. The order does, however, leave open the possibility of additional Bitcoin acquisitions under “budget-neutral” conditions that do not increase the national deficit.

但是，它没有授权一些市场参与者希望的新比特币或加密购买。但是，该命令确实在“预算中立”条件下，打开了其他比特币收购的可能性，这些可能不会增加国家赤字。

Sacks also touched upon this point, mentioning that Treasury and Commerce Department officials, including Commerce Secretary Howard Lutnick, are authorized to make further crypto purchases if they do not contribute to the federal debt.

萨克斯还谈到了这一点，提到包括商务部长霍华德·卢特尼克在内的财政部和商务部官员，如果他们不为联邦债务造成贡献，则有权进行进一步的加密货币购买。

Missed Opportunities and Global Reactions

错过的机会和全球反应

During a discussion on government crypto holdings, Sacks highlighted the financial impact of past decisions to sell off Bitcoin. He estimated that the U.S. could have lost approximately $16 billion by liquidating its bitcoin reserves prematurely.

在有关政府加密货币持有的讨论中，萨克斯强调了过去决定出售比特币的财务影响。他估计，通过过早清算其比特币储备，美国可能会损失约160亿美元。

“At one point in time, we had about 400,000 bitcoin on the federal balance sheet. We sold roughly half of that for something like $360 million total. If we had held all of that, just the portion we sold would be worth over $17 billion,” Sacks said.

“在某个时候，我们在联邦资产负债表上有大约40万比特币。我们卖出了其中的一半，总计3.6亿美元。如果我们持有所有这些，只有我们出售的部分价值超过170亿美元，”萨克斯说。

Trump also criticized previous administrations’ handling of crypto assets, stating that it was “foolish” to sell off so much bitcoin instead of keeping it as a strategic asset.

特朗普还批评了先前的政府对加密资产的处理，并指出出售如此多的比特币是“愚蠢的”，而不是将其作为战略资产。

While Trump’s executive order does not yet authorize direct new crypto purchases, the administration’s strategy positions the U.S. as a major player in the evolving global digital asset landscape.

尽管特朗普的行政命令尚未授权直接购买新的加密货币，但政府的战略将美国定位为不断发展的全球数字资产格局的主要参与者。