I. Key Policy Points
It is not a ban on Bitcoin; the state has begun to "stockpile"

  • Deposit the 200,000 Bitcoins confiscated by the government into the national treasury

  • Regulate that these Bitcoins cannot be sold casually and must be kept as strategic reserves

  • Research using non-tax revenue to continue hoarding Bitcoin

II. Market Reaction
Why did the price crash?

  • Misunderstanding: Some think it is a ban on Bitcoin trading (the reality is the opposite)

  • Positive news realized: There has already been a price increase before the policy announcement

  • Policy details were not clearly communicated, leading to panic selling

III. Key Dates: May 5
A report must be submitted 60 days after policy implementation:

  • Determine how to securely store these Bitcoins

  • Develop a stockpiling plan that "does not spend taxpayer money"

  • More stockpiling plans may be announced, causing new fluctuations

IV. Impact on Ordinary People
Long-term benefits:

  • It's like the state is giving Bitcoin an "official certification"

  • Could attract more large institutional investments

  • Moving towards the status of "digital gold"

Short-term risks:

  • Officials may manipulate the market with policy news

  • Do not rule out the possibility of policy adjustments

  • Prices may go on a rollercoaster ride

V. Investment Advice
Attention ordinary people:

  1. Do not borrow money to speculate on Bitcoin

  2. Focus on how much the state has actually purchased

  3. Wait until after May to assess specific policies

  4. Avoid following the trend in short-term fluctuations

Essential Interpretation: This is the first formal acknowledgment by the U.S. government of Bitcoin as a reserve asset, equivalent to giving cryptocurrency a "national credit card". Although the market will fluctuate in the short term, it may change Bitcoin's global status in the long run.