#比特币政策转变 **Bitcoin Policy Turning Point: 2025 May Become a Global Crypto Regulation Watershed**

In 2025, Bitcoin policy will undergo a historic transformation, with the United States becoming the global focus. The Trump administration has recently been active: planning to establish a "National Strategic Bitcoin Reserve," attempting to bypass Congressional resistance through executive orders to promote federal-level crypto asset reserves; at the same time, the SEC chairman has been replaced with crypto-friendly Paul Atkins, indicating a significant loosening of the regulatory environment. Furthermore, on March 7, U.S. Congressman Nick Begich and Senator Cynthia Lummis previewed a "major Bitcoin policy announcement next Tuesday," with the market speculating it may involve tax optimization or a sovereign asset allocation framework.

The policy shift is attracting traditional financial institutions to accelerate their entry, with giants like BlackRock and Fidelity continuing to increase their holdings through Bitcoin ETFs, and institutional capital inflow far exceeding miner output, which may further imbalance supply and demand and push up coin prices. Globally, El Salvador has already taken the lead in incorporating Bitcoin into its national reserves, while countries like Germany and Japan are also exploring similar policies, and the synergistic effects of these policies may give rise to a new round of sovereign-level crypto competition.

This series of changes not only reshapes Bitcoin's financial status but also signifies a turning point for crypto assets moving from the margins to the mainstream. In 2025, the intertwining of policy dividends and technological innovation may usher in a "superpower" era for Bitcoin.