Recently, the trading price of Bitcoin in the United States has skyrocketed to $90,000 per coin, and its total market value has reached $1.8 trillion.
Behind such a rapid price increase and huge market value, one cannot help but suspect that this may be a secret method carefully planned by the United States to secretly harvest global wealth with the help of Bitcoin.
Faced with this potential financial risk, we should remain highly vigilant and alert.
In Country Z, Bitcoin transactions have always been under a strict regulatory framework and are still defined as illegal in the country.
In view of this, Country Z must not open up public market transactions of Bitcoin, and any form of private transactions must be severely cracked down on to prevent the disorderly spread of Bitcoin transactions in China and maintain national financial order and security and stability.
At the same time, whether it is domestic transactions or economic exchanges involving foreign countries, we should vigorously advocate and use RMB for settlement as comprehensively as possible to strengthen the status and role of RMB in international economic exchanges.
From a macro-strategic perspective, we need to plan ahead and make active preparations for a complete decoupling from the U.S. economy, and strive to prevent the U.S. from using Bitcoin to harvest wealth from having a substantial negative impact on Country Z’s economic system.
In other words, no matter how high the price of Bitcoin is hyped in the international market, Country Z should stick to its own financial strategic determination and not be swayed by it, because the illegal status of Bitcoin in Country Z determines that its price fluctuations have no direct correlation and significant impact on the Chinese economy.
In addition, the 190,000 bitcoins in reserve by Country Z can be sold at an appropriate time when the price of bitcoin is high, thereby reducing the possible economic risk exposure and reducing the uncertainty factors caused by bitcoin price fluctuations.
Compared with virtual and easily manipulated digital currencies such as Bitcoin, gold, as a traditional hard currency with a long history and wide recognition, has a more stable and reliable value storage and currency endorsement function.
Therefore, Country Z can appropriately increase the scale of its gold reserves at the right time and under the right conditions, and use gold as a solid endorsement of the RMB when conditions are ripe, further consolidating the international credit foundation of the RMB.
At the same time, China should always remain steadfast in its focus on the development of the real economy, continuously improve the quality and efficiency of the real economy, and enhance the endogenous growth momentum and risk resistance of the domestic economy.
Only in this way can we effectively resist the various complex operations and potential threats of the United States in the financial field, and prevent the huge debt problem accumulated by the United States due to over-reliance on financial means from collapsing and becoming a difficult situation in the absence of external buyers.
