随着美国拥抱比特币，欧洲继续强调数字欧元的反乌托邦，陷入困境。

美国总统上周签署了一项法令，终于赞成比特币。与其他数字资产的明显区别有助于安抚大众的愤怒

As the United States is turning a new page in its economic policy with the presidential decree favoring bitcoin, Europe is bogged down by the continuing highlighting of the digital euro's dystopia.

随着美国的经济政策新页面，总统法令有利于比特币，因此欧洲持续着重介绍了数字欧元反乌托邦的反乌托邦。

Strategic Reserve of Bitcoins

比特币的战略储备

The American president signed last week a decree finally favoring bitcoin.

美国总统上周签署了一项法令，终于赞成比特币。

The clear distinction from other digital assets has helped to appease the popular outrage from Donald Trump's famous tweet suggesting the creation of a "crypto reserve" also including ETH, XRP, SOL, ADA.

与其他数字资产的明显区别有助于安抚唐纳德·特朗普（Donald Trump）著名推文的流行愤怒，这表明创建了包括ETH，XRP，SOL，SOL，ADA在内的“加密保护区”。

The decree separates the strategic reserve of bitcoins from the holding of other digital assets acquired through confiscations in various criminal cases.

该法令将比特币的战略储备与在各种刑事案件中没收获得的其他数字资产的持有。

Note that the bitcoins put in reserve cannot be sold, unlike other digital assets such as ETH, SOL, etc. "The Secretary of the Treasury can determine strategies for responsible management, including potential sales of the stock of digital assets of the United States", can be read in the decree.

请注意，与其他数字资产（例如ETH，SOL等）不同的是，投入的比特币不能出售。“财政部长可以确定负责管理的策略，包括美国数字资产股票的潜在销售”，可以在法令中阅读。

As a cherry on top, the decree allows for the accumulation of bitcoins, as long as it is done in a budget-neutral manner. The Secretary of the Treasury has stated his intention "to explore ways of augmenting the bitcoin reserve".

作为最高的樱桃，只要以预算中性的方式完成，该法令就可以积累比特币。财政部长表示，他的意图是“探索增加比特币储备的方法”。

Secretary Scott Bessent has also not hidden his intention to use stablecoins to ensure that "the dollar remains the dominant reserve currency".

秘书斯科特·贝斯特（Scott Bessent）也没有隐藏他的意图，以确保“美元仍然是主要的储备货币”。

Let us remind that companies like Tether or Circle must hold one dollar in reserve for each stablecoin issued. Tether, for instance, invests about 80% of its 136 billion reserves into U.S. Treasury bonds. However, a significant part of its profits is also invested in bitcoin.

让我们提醒我们，像Tether或Circle这样的公司必须为每次签发的Stablecoin保留一美元。例如，Tether将其1360亿储备金中的约80％投资到美国国库债券。但是，其利润的很大一部分也投资于比特币。

Buy the Rumor, Sell the News

买谣言，出售新闻

This is the old stock market adage that is currently pushing bitcoin below $80,000.

这是当前将比特币低于80,000美元的股票市场格言。

Indeed, while the presidential decree does create a strategic reserve of bitcoin, purchases will come later.

确实，虽然总统法令确实创造了比特币的战略储备，但购买将在以后进行。

The 12 members of the presidential working group have until July 22 to make proposals that will certainly serve as the basis for drafting the "Bitcoin Act". Cynthia Lummis has been working on it for over two years. The senator hopes to create a reserve of one million BTC by selling a portion of the country's gold reserves.

总统工作组的12名成员必须在7月22日之前提出建议，这些建议肯定会成为起草“比特币法”的基础。辛西娅·卢米斯（Cynthia Lummis）从事这项工作已经两年多了。参议员希望通过出售该国的一部分黄金储备来创建100万BTC的储备。

Invited to the White House last Friday, Michael Saylor advised the president "to buy 25% of the bitcoins through daily purchases between 2025 and 2035". Here is the document shared by Mr. Saylor on this occasion.

迈克尔·塞勒（Michael Saylor）被邀请去白宫，迈克尔·塞勒（Michael Saylor）建议总统“在2025年至2035年之间每天购买25％的比特币”。这是Saylor先生在这种情况下共享的文件。

For the CEO of Strategy (formerly MicroStrategy), such a reserve could "generate $100 billion, which would allow for the repayment of national debt". He also believes in selling gold.

对于战略首席执行官（以前是Microstrategy），这样的储备金“可以产生1000亿美元，这将允许偿还国债”。他还相信出售黄金。

Patience, then. That said, let us note that the SEC (Securities and Exchange Commission) has already given its green light to banks that would like to allow their clients to invest in bitcoin. The Office of the Comptroller of the Currency has stated that federally regulated U.S. banks can now hold bitcoins without prior authorization.

耐心。也就是说，让我们注意到SEC（证券交易委员会）已经将其绿灯送给了希望允许其客户投资比特币的银行。货币审计长办公室表示，联邦监管的美国银行现在可以在未经事先授权的情况下持有比特币。

In short, Republicans have understood that bitcoin is a technological breakthrough that will inevitably impose itself worldwide. And in the meantime, in Europe...

简而言之，共和党人已经了解到，比特币是一种技术突破，将不可避免地在全球范围内强加自己。与此同时，在欧洲...

Bitcoin vs CBDC

比特币与CBDC

Two rooms, two atmospheres. While the United States has abandoned the CBDC project to embrace bitcoin, Europe is taking the opposite path. Christine Lagarde wants a digital euro that many believe is a prelude to the creation of a cashless society.

两个房间，两个气氛。尽管美国放弃了接受比特币的CBDC项目，但欧洲却采取了相反的道路。克里斯汀·拉加德（Christine Lagarde）想要一个数字欧元，许多人认为这是创建无现金社会的序幕。

The President of the European Central Bank swears that this is not the goal, but is she sincere? One can doubt it when one knows that she has been predicting the total abandonment of cash within 10 or 20 years for years.

欧洲中央银行的总统发誓这不是目标，而是真诚的？当人们知道她多年来一直在10或20年内一直在预测现金的总遗弃时，就会怀疑这一点。

Moreover, she did declare this back in 2018 during a conference titled "Winds of Change: The Case for New Digital Currency":

此外，她确实在2018年的一次会议上宣布了这一点，标题为“变化之风：新数字货币的案例”：

> Imagine if people who buy beer and frozen pizzas generally have a higher rate of default than those who buy organic broccoli and spring water. What can you do if you crave beer and pizza but don't want your social credit to decrease? Today, you pull out cash. And tomorrow? Would a private payment system push you toward the broccoli aisle? Could central banks come to the rescue by offering a totally anonymous digital currency? Certainly not. That would be a boon for criminals.

>想象一下，如果购买啤酒和冷冻比萨饼的人通常比购买有机西兰花和泉水的人更高。如果您渴望啤酒和披萨，但不希望您的社交信誉减少，该怎么办？今天，您拿出现金。明天？私人支付系统会将您推向西兰花过道吗？中央银行可以通过提供完全匿名的数字货币来救出吗？当然不是。那将是罪犯的福音。

The former IMF president also assures us that the digital euro will not be programmable. In other words, spending your money in digital euros will not be conditioned. But again, many central bankers do not share the same opinion.

IMF前总裁还向我们保证，数字欧元将无法编程。换句话说，将您的钱花在数字欧元上不会得到条件。但是同样，许多中央银行家并没有同样的意见。

Bo Li, the Deputy Managing Director of the IMF and former Deputy Governor of the People's Bank of China, stated for example in 2022:

国际货币基金组织副董事总经理兼中国人民银行副州长博·李（Bo Li）表示：2022年：

> "The CBDC would allow the conditioning of money paid in the form of social assistance. We could for example program the money so that it could not be spent on anything other than food."

>“ CBDC将允许以社会援助的形式支付的钱。

This statement illustrates the stakes and potential of central bank digital currency (CBDC).

该声明说明了中央银行数字货币（CBDC）的利益和潜力。

Not to Be the Goose that Lays the Golden Eggs

不要成为产卵的鹅

Christine Lagarde may not intend to end cash or

克里斯汀·拉加德（Christine Lagarde）可能不打算结束现金或