In 2025, Bitcoin policy will exhibit characteristics of deepening global regulation and escalating geopolitical competition. The Trump administration in the United States signed an executive order on March 6, establishing the first national-level Bitcoin strategic reserve (initially around 200,000 coins), explicitly stating that the Bitcoin held by the government cannot be sold, aiming to hold it long-term as 'digital gold.' The European Union's Markets in Crypto-Assets Regulation (MiCA) will be fully implemented, mandating exchanges to enforce KYC/AML and prohibiting anonymous stablecoins, promoting industry compliance. China continues its strict regulation, banning domestic Bitcoin trading; India plans to raise the trading tax rate to 48%, causing market turbulence. Emerging markets show significant divergence, with El Salvador continuing to increase its Bitcoin holdings to legal tender status, and Vietnam accelerating the formulation of a cryptocurrency legal framework. The 'neutrality' of Bitcoin is being tested amid geopolitical conflicts, with events like the Russia-Ukraine war highlighting its value in cross-border payments.