#山寨季來了？ #AI与GameFi市场表现 "Establishing a National BTC Reserve" has many uncertainties as the concept transforms into reality. Below is a specific analysis:
Current Status and Progress
- On October 25, 2024, Pennsylvania, USA, passed the "Bitcoin Rights Act," recognizing the rights of individuals and businesses regarding digital assets, reflecting bipartisan recognition of blockchain technology.
- On November 14, the state proposed the "Bitcoin Strategic Reserve Act" legislative application. If passed, Pennsylvania will have significant funds available for acquiring BTC, aligning with Trump's plan.
- After Trump's election, his team has taken numerous supportive actions for the crypto industry, such as establishing a digital asset policy officer position in the White House, considering the acquisition of digital asset trading platforms by his company, and applying for trademarks related to digital wallet and payment services.
Questions and Challenges
- Insufficient asset stability: BTC prices are highly volatile and lack the stability required of reserve assets. Large-scale government acquisitions may raise prices but can distort the market.
- Inconsistent with the government's cautious stance: The U.S. government has always been cautious towards the crypto industry. Investing public funds in BTC acquisitions would shift capital from stable investments to the high-risk digital asset sector, increasing fiscal risk.
- Regulatory policy needs major changes: Supporting the BTC reserve plan would require significant policy shifts at the regulatory level, and industry participants would need to change their attitudes toward holding decentralized assets, which is difficult to achieve in the short term.
- Fiscal situation does not allow: The U.S. fiscal deficit and total debt reached historical highs in the fiscal year 2024. Under these circumstances, investing in unstable BTC does not align with conventional financial strategies.
- Creditors may find it hard to accept: The unstable market value and low safety of BTC make it difficult to gain creditor support for repaying external debts, and it may lead to the centralization of BTC value, conflicting with the crypto industry's decentralized philosophy.
- Storage and environmental issues: Institutional storage solutions carry risks of cyberattacks, and the energy consumption issues of BTC mining are also controversial. Promoting BTC reserves may exacerbate these problems.#AI与GameFi市场表现 #比特币打破感恩节魔咒 #BTC
