Deep Tide TechFlow News, on December 30, according to Hong Kong Wen Wei Po, Hong Kong Legislative Council member and chairman of the Web3 Virtual Asset Development Subcommittee, Wu Jizhuang, stated in an interview that Hong Kong needs to study how to maintain national financial security in the context of the U.S. disrupting Bitcoin and affecting the traditional asset market.
He suggested that Hong Kong should leverage the advantages of 'One Country, Two Systems' to take the lead in experimenting with incorporating Bitcoin into the foreign exchange fund's assets and explore ways to revitalize the Bitcoin it holds for the country. Wu Jizhuang believes that Bitcoin has the greatest impact on the prices of precious metals like gold and silver, which have low practical utility. Although Bitcoin also lacks practical utility, its convenience for storage and transport gives it an edge over gold and silver, which incur significant storage and logistics costs. Therefore, in the market's trade-offs, traditional precious metals may be replaced by Bitcoin, which has lower storage and transaction costs.