#美国贸易赤字状况 Japan's official government has officially launched a Bitcoin mining program. This time, it's not institutions or funds, but direct government involvement.

What does this mean? The boundaries between traditional finance and the crypto world are being broken down. Sovereign nations' capital, electricity, and resources are beginning to flow into the Bitcoin network, which goes far beyond mere investment—it's a struggle for future financial dominance.

The most noteworthy perspectives:

First is the reshaping of the landscape. With the entry of national teams, the distribution of hash power across the Bitcoin network may face a reshuffle. Think about it—what a country can mobilize in terms of electricity costs and infrastructure investment far exceeds what private miners can do.

Second is the signaling effect. If Japan succeeds with this move, is it far behind for other countries to follow suit? This could mark the beginning of an era where sovereign states hoard Bitcoin and mining power.

Third is market sentiment. When players at the national level enter, the previous narrative of "cryptocurrency as speculation" will gradually fade. This is a sign that the traditional financial order is being challenged.

Some say this is a divine move, while others believe the risks are significant. But regardless, when sovereign capital begins to deploy in the Bitcoin network, the game rules are indeed changing.