美国必须将金融武器化以对抗中国

中国正在实施一项数十年计划，以取代美国最大的资产：美元。美元作为全球储备货币对于美国的经济和地缘政治实力至关重要。

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.

美国与中国正在进行多线战争，其中关键战场之一就是金融服务业。中国正在寻求取代美元作为全球储备货币，其威权盟友正在建立平行的跨境经济体系。为了应对这些威胁，美国必须认识到金融技术和加密货币的重要性。

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.

各个政治领域的立法者和政治家都认识到在国家资产负债表上持有比特币作为对冲通胀的潜在好处。此举还将增强美国抵御中国金融战略带来的经济挑战的能力。

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.

与许多中央银行一样，美联储持有多样化的储备资产组合。截至 2024 年，这包括约 350 亿美元的外币和 110 亿美元的黄金库存。这些资产展示了美国的经济实力，并在金融压力期间提供流动性。然而，在我们快速数字化的世界中，该投资组合中缺乏原生数字资产变得越来越明显。

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.

凭借其全球影响力和日益广泛的采用，比特币是填补这一空白的理想选择。比特币通常被称为“数字黄金”，是一种稀缺商品。美国是最大的比特币持有国，已从非法行为者手中查获 21 万枚比特币。这为美国提供了先发优势，并可以确保我们的经济未来。

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.

批评者可能会认为，比特币的波动性使其不适合作为储备资产。然而，随着采用率的增长和市场的成熟，这种波动性可能会减少。 2021年，萨尔瓦多承认比特币为法定货币，并开始购买它作为国库储备资产。他们看到价值增加了​​100%，却无意出售。

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.

美国必须认识到我们已经与中国陷入多线战争。其中一个前沿是金融服务业，而加密货币是我们武器库中的一种武器。输掉这场战斗意味着全球金融服务和个人金融活动将由专注于控制、监视和主导地位的敌对国家主导——以及对我们货币的持续攻击。

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

特朗普明白这一点，他在 7 月份告诉彭博社，“如果我们不这样做，中国就会拿起[比特币]。”

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.

投射美国的金融实力还需要政府赋权、支持和鼓励我们的私营经济部门与整个印度-太平洋地区及其他地区的有争议的经济体进行互动。扩大我们的支付系统、银行和美元的使用——即使是在有争议的地方——也是至关重要的。

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.

现在，我们的对手正在获胜，因为我们甚至没有参加比赛。他们正在向全世界出口他们的系统、机构和监视工具。与此同时，我们几乎没有采取任何行动，因为 TikTok 作为对我们国家安全的严重威胁，吸引了整整一代美国人。我们必须对金融技术采取同样的做法，因为对我们的敌人来说，没有什么破坏比这更大的了。

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.

美国应该更明确地将金融技术和加密货币武器化。例如，我们应该支持去中心化的金融技术，使伊朗等敌对政府的公民能够使用智能手机访问基于美元的稳定币和支付服务，以便开始将其经济活动脱离政府的控制。权力的核心在于控制——不仅是对警察或国家安全的控制，而且是对资源和经济的控制。

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.

世界正处于金融十字路口。问题不在于数字货币是否会塑造未来，而在于我们将如何适应这一新现实。美国可以通过将比特币作为储备资产来塑造这个未来。现在是采取大胆行动的时候了，这对全球金融稳定和创新的好处可能是深远的。