PANews reported on July 29 that Fang Hongjin, co-chairman of the Hong Kong Blockchain Association, recently said that it is recommended that the Hong Kong government's foreign exchange fund should continue to purchase and hold Bitcoin for a long time to enhance the diversification and anti-inflation of the foreign exchange fund's assets, get rid of the dependence on a single US dollar asset, and enhance the autonomy of financial policies. At the same time, early purchase of Bitcoin can lay the foundation for the right to speak in the international market, and use the pledge financing characteristics of Bitcoin to deal with international hot money attacking the Hong Kong linked exchange rate. In addition, this move will also provide financial credit guarantee for Hong Kong to become the international Web3.0 capital. Fang Hongjin pointed out that the characteristics of Bitcoin as digital gold have gradually been accepted by the international traditional financial industry, and many central banks may follow the trend of adopting Bitcoin as a reserve asset. For example, in 2021, El Salvador announced that Bitcoin would be used as an official currency anchor asset, and Switzerland has also passed a bill to include Bitcoin in the national bank reserve assets. The United States is also likely to list Bitcoin as a national strategic asset reserve, which will further promote the demand for Bitcoin from central banks and traditional financial institutions in various countries. Fang Hongjin believes that Bitcoin is expected to become a mainstream international financial asset that is comparable to or even surpasses gold. The current market value of Bitcoin is about 1.4 trillion US dollars. If its market value reaches the level of gold, the price of one Bitcoin will soar from the current 68,000 US dollars to nearly 600,000 US dollars. Therefore, allocating a certain proportion of Bitcoin in the Hong Kong foreign exchange fund and holding it for a long time can increase the stability and autonomy of Hong Kong's finance.