Digital assets

Former Vice President of Bank of China: Rationally view Trump's new policy on Bitcoin, do not blindly follow the trend

ChainCatcher News, former vice president of the Bank of China, Wang Yongli, in his article "Rational View on Trump's New Bitcoin Policy" published in the first issue of "China Foreign Exchange" in 2025, pointed out that Bitcoin highly mimics gold at the "currency" level, and is therefore referred to as "digital gold." However, Bitcoin is a purely blockchain-based digital asset, not a natural physical asset. Its value depends on the development space of its application scenarios and the amount of belief and investment from people. Bitcoin can be divided into one hundred million tiny units, providing greater payment flexibility, but it does not have real gold backing and does not belong to the strict definition of "paper gold." Once trust is lost, it will vanish into thin air and become worthless, with risks far greater than those of gold.Moreover, Trump's new Bitcoin policy is difficult to implement. First, it is challenging for the U.S. to have new Bitcoin. The development of quantum computing technology will also pose significant challenges to the security of Bitcoin and other cryptocurrencies. Second, the so-called national strategic reserves of Bitcoin, whether as government (fiscal) strategic reserves or the Federal Reserve (central bank) as strategic reserves for the U.S. dollar, carry risks and uncertainties. Replacing gold reserves with Bitcoin reserves is unlikely to have any practical benefits for the U.S. dollar and is difficult to use for repaying government debt. Furthermore, Trump's new Bitcoin policy contradicts his stance of strengthening the U.S. dollar as a global key currency.Therefore, Bitcoin can only be a new type of tradable wealth or digital asset, and it is difficult to become a true currency. It cannot replace sovereign currencies, and whether it can replace gold as a national strategic reserve remains highly questionable. The international community should treat Trump's new Bitcoin policy with calmness and objectivity, and not blindly follow the trend.

Analysis: The next wave of corporate Bitcoin adoption is about to arrive

ChainCatcher news, according to CoinDesk, as interest in digital assets continues to grow, the corporate adoption of Bitcoin seems to be entering a new phase, with several publicly traded companies following MicroStrategy's lead by incorporating Bitcoin into their balance sheets.In 2024, multiple companies began to emulate and adopt Bitcoin financial strategies, such as Metaplanet (3350), Semler Scientific (SMLR), and MARA Holdings (MARA). The first company in the second wave is KULR Technology Group (KULR), which is listed on the NYSE.As of January 7, it seems that some publicly listed companies have announced Bitcoin financial strategies but have not yet made any Bitcoin purchases. First is Acurx Pharmaceuticals (ACXP), listed on NASDAQ. Its board approved a Bitcoin purchase plan of up to $1 million on November 20. Since November 19, its stock price has dropped by 35%, but it has risen by 30% year-to-date.Similarly, NASDAQ-listed Hoth Therapeutics (HOTH) also had its board approve a $1 million Bitcoin purchase plan on November 20, but it has not completed the purchase. However, since November 19, its stock price has increased by 2%.The third company is NASDAQ-listed LQR House (YHC). The company announced on November 19 that it would accept cryptocurrency payments and retain up to $10 million in Bitcoin payment funds through policy. To date, its stock price has risen by 56% since November 19.The last one is NYSE-listed SOS Limited (SOS), which approved a $50 million Bitcoin purchase plan on November 27. At the time of the announcement, the price of Bitcoin was $93,000 each. Since November 19, its stock price has dropped by 30%.

Bloomberg: The Canadian crypto industry is learning lessons from the U.S. elections

ChainCatcher news, according to Bloomberg, following the significant success of the cryptocurrency industry in last year's U.S. elections, Canadian digital asset companies have begun to apply the lessons they learned.It is reported that the Canadian crypto industry hopes to see digital assets become a bigger focus in that election, just like in the U.S. In July, Stand With Crypto expanded to Canada, but the Canadian branch does not intend to support candidates in the upcoming elections. Instead, its goal is to "inspire the cryptocurrency advocacy community" and launch a grassroots movement for supporters to engage in dialogue with other Canadians and their parliamentary members.Although cryptocurrency may not be a political focal point in Canada, the country has played a significant role in the industry. The second-largest cryptocurrency, Ethereum, was born in the country, and Canada is home to the world's first Bitcoin ETF. Other issues that the Canadian crypto industry lobbies for include allowing the use of Bitcoin in retirement savings plans and tax-free savings accounts, as well as incorporating crypto into open banking legislation.So far, no political party in the country has supported the industry, but digital asset companies have been trying to position crypto as a way to enhance affordability—an important focus in Canadian politics.
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