ChainCatcher Message: Hong Kong Legislative Council member and Chair of the Web3 Virtual Assets Development Committee, Wu Jizhuang, stated in an interview that Hong Kong needs to study how to maintain national financial security amidst the disruption caused by the United States to Bitcoin and its impact on traditional asset markets.

He suggested that Hong Kong should leverage the advantages of 'One Country, Two Systems' and take the lead in experimenting with incorporating Bitcoin into the foreign exchange fund assets, while exploring ways to utilize the Bitcoin it holds for the country. Regarding whether holding Bitcoin would help the SAR government combat fiscal deficits, Wu Jizhuang believes that while the government can use Bitcoin as a tool for asset appreciation, significant holdings are necessary to see noticeable effects. Currently, the government's fiscal deficit has exceeded HKD 100 billion, so holding only a small amount would not contribute much to reducing the deficit; the preservation of value of Bitcoin would outweigh its appreciation potential.