Recently, Hong Kong Legislative Council member Wu Jiezhong proposed to include Bitcoin in Hong Kong's foreign exchange fund assets, which has attracted widespread attention globally. Wu Jiezhong pointed out that Bitcoin has unique advantages such as low storage costs and high portability, making it more suitable as a reserve asset compared to traditional precious metals like gold and silver. This proposal may signify that China is exploring the use of Hong Kong as a pilot to accelerate the compliance and strategic layout of digital assets.
Can Bitcoin become a new type of reserve asset?
Wu Jiezhong mentioned in an interview that although Bitcoin has limited practical functions, it far exceeds traditional precious metals in terms of storage and transaction costs. For example, precious metals often require high storage and logistics costs, while Bitcoin's digital nature addresses this issue. At the same time, he emphasized that Bitcoin is currently viewed more as a tool for value preservation, and to play a significant appreciation role, it needs to be held in large quantities.
From this perspective, if Hong Kong can 'take the lead in trying', incorporating Bitcoin into the foreign exchange fund assets will provide a reference model for other regions. This move not only aligns with Hong Kong's 'one country, two systems' institutional advantages but could also lead the mainstreaming process of digital assets in Asia.
China's Crypto Asset Regulation and Hong Kong's Dual License System
It is worth noting that the People's Bank of China recently released the (China Financial Stability Report 2024), which also analyzed the global cryptocurrency regulatory landscape and affirmed Hong Kong's 'dual license' system's role in promoting compliance for both security and non-security tokens. Hong Kong is gradually becoming the benchmark for the legalization and standardization of cryptocurrency in Asia, and its stablecoin regulatory framework has entered the review stage.
This policy-level support undoubtedly paves the way for further exploration of crypto assets in Hong Kong. As the United States implements measures such as Bitcoin spot ETFs, the regulatory landscape of the international market presents a complex situation of both tightening and opening.
Bitcoin Strategic Reserve from a Global Perspective
As U.S. President Trump was elected and promised to establish a Bitcoin national strategic reserve, the market began to closely watch whether other countries and regions would take similar measures. Binance founder Zhao Changpeng recently stated that China might also join this ranks, viewing Bitcoin as a 'hard asset'. If Hong Kong successfully incorporates Bitcoin into its foreign exchange fund assets, it will not only be a bold attempt in global financial history but may also drive policy follow-up from other countries and regions.
How should investors respond to this trend?
For individual investors or businesses, the rise of digital assets signifies a brand new opportunity window. Understanding market trends and identifying policy directions will be key to decision-making. AI research platforms like Mlion.ai can help users quickly grasp market dynamics and make scientific investment layouts through their unique price prediction, news analysis, and on-chain data analysis functions. In the rapidly changing crypto market, such tools will be indispensable assistants.
Summary and Outlook
The proposal to include Bitcoin in Hong Kong's foreign exchange fund assets indicates that digital assets are moving from marginalization to mainstream. This is not just a regional financial experiment but may trigger a rethinking of traditional asset reserve models globally. In the future, those who can grasp the core of this trend may gain an advantage in the new wave of financial reform.
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Disclaimer: The above content is for information sharing only and does not constitute any investment advice! #比特币政策 #2025比特币价格预测 #MicroStrategy增持BTC
