Wang Yongli, former deputy governor of Bank of China: Taking a rational view of Trump's new BTC policy

Former Vice President of China Construction Bank Wang Yongli: Rational View of Trump's BTC New Policy. In the 1st issue of China forex in 2025, former Vice President of China Construction Bank Wang Yongli wrote an article entitled "Rational View of Trump's BTC New Policy", in which he mentioned that BTC highly imitates gold at the level of "coin", and its total amount and phased increase amount are completely set by the system. It is more stringent than gold (the actual amount of gold reserves is not clear), and the number of coins that can be used for exchange transactions is more limited. It cannot rise with the value of tradable wealth, which does not meet the essential requirements of currency. In addition, BTC is a purely chain-generated digital asset, not a natural physical asset. Once it loses trust, it will be worthless and the risks are much greater than gold. With Trump winning the US presidential election, his proposed BTC new policy has attracted widespread attention and discussion. In this regard, it is necessary to calm down, take a rational and objective view, and avoid making disruptive errors. It is difficult for the US to guarantee that all new BTC will be generated in the US, and it is even more difficult to ensure that they belong to the US government. The so-called BTC national strategic reserve, whether it is a government (financial) strategic reserve or the Federal Reserve (central bank) as a strategic reserve for the US dollar, both carry risks and uncertainties.

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