【Former Vice President of Bank of China Wang Yongli: Rationally View Trump's New Bitcoin Policy】Golden Finance reported that Wang Yongli, former vice president of the Bank of China, published an article in the first issue of 2025 (China Foreign Exchange) titled 'Rationally View Trump's New Bitcoin Policy,' in which he mentioned that Bitcoin highly mimics gold at the 'currency' level. Its total supply and incremental additions are completely determined by the system, which is stricter than gold (the actual reserves of gold are not clearly known). The amount that can be used for exchange transactions is much more limited, and it cannot grow in line with the increase in the value of tradable wealth, which does not meet the essential requirements of currency. Furthermore, Bitcoin is purely a blockchain-generated digital asset, rather than a natural physical asset. Once trust is lost, it will become worthless, and the risk is far greater than that of gold. Following Trump's victory in the U.S. presidential election, his proposed new Bitcoin policy has received widespread attention and heated discussion. It is necessary to calm down and view and grasp this rationally and objectively to avoid making disruptive mistakes. It is difficult for the U.S. to ensure that new Bitcoins can be produced in the U.S., and even harder to guarantee that they all belong to the U.S. government. The so-called national strategic reserve of Bitcoin, whether it's the government's (fiscal) strategic reserve or the Federal Reserve's (central bank) strategic reserve as it relates to the U.S. dollar, carries risks and uncertainties.

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