Former Vice President of Bank of China Wang Yongli: Rationally View Trump's New Bitcoin Policy

【Former Vice President of Bank of China Wang Yongli: Rationally View Trump's New Bitcoin Policy】According to Jinse Finance, Wang Yongli, the former Vice President of the Bank of China, mentioned in his article in the 1st issue of 2025 (Foreign Exchange of China) (Rationally View Trump's New Bitcoin Policy) that Bitcoin highly mimics gold on the level of 'currency', with its total amount and phase-incremental supply completely determined by the system, which is more stringent than gold (the actual reserves of gold are not really clear). The quantity available for exchange and trading is even more limited, and it cannot grow in line with the increase in the value of tradable wealth, which is not in line with the essential requirements of currency. In addition, Bitcoin is purely a chain-generated digital asset, rather than a natural physical asset. Once trust is lost, it will turn to ashes and become worthless, with risks far greater than those of gold. Following Trump's victory in the U.S. presidential election, his proposed new Bitcoin policy has received widespread attention and 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 guarantee that new Bitcoins can all be generated in the U.S., and even more difficult to guarantee that they will all belong to the U.S. government. The so-called national strategic reserves of Bitcoin, whether government (fiscal) strategic reserves or the Federal Reserve (central bank) as strategic reserves of the U.S. dollar, all carry risks and uncertainties.