Chen Chong directly asks the President of the Central Bank: Aren't you buying BTC yet? The financial digital generation stands firm, don't ignore the US digital gold theory.

The BTC frenzy continues to ferment and hit a new historical high today. In response, former Premier of Taiwan and Chairman of the New Generation Financial Foundation, Chen Chung, published an article titled 'The New Financial Game: The Formation is Steady' on the 16th, regarding BTC. The frenzy continues to brew, with prices climbing to $106,648, setting a new record. More and more countries and listed companies are considering or have already included BTC in their asset reserves. These signs seem to remind the world that the BTC revolution has begun. Former Premier of Taiwan and Chairman of the New Generation Financial Foundation, Chen Chung, on the 16th, published an article on BTC titled 'The New Financial Game: The Formation is Steady.' Chung asked at the beginning of the article, 'If you were the central bank governor of a country and saw the following three pieces of news in the short term, would you think it's a conspiracy or just a farce? Would you stand still or directly enter the BTC layout?' President-elect Trump proposed to establish a BTC reserve, and the US already holds about 200,000 BTC due to seizures and other reasons. Senator Lummis has proposed legislation to buy one million BTC within five years. Russian President Putin, during the Korean martial law, suddenly voiced support for using BTC to replace the US dollar as the global reserve currency to stabilize the economic order. In the past half month after the US election, BTC has risen by 45%, and this month broke through the $100,000 mark (12/10 then big dumped to $95,000). Chung indicated that seeing the tension in the top ten VASP BTC positions, and rumors that developing countries have already laid out BTC, has led to speculation among the fren in the coin circle that the US and Russia may have already purchased a certain amount of BTC. If we look back at the above three pieces of news, these rumors and speculations don't seem to be groundless. The digital generation doesn't play the old financial game. Chung then stated that the New Generation Financial Foundation, where he is located, has written at least 10 articles discussing BTC since 2014, roughly advocating that BTC has no intrinsic value, high price fluctuations, cannot be used as a payment tool, is not a currency, and at best is just an investment commodity. However, as long as people continue to buy and hold, BTC will continue to exist. The article also pointed out that in the saturated market of the old financial game, the young people of the digital generation are unfamiliar with and do not prefer such games. Naturally, they focus their attention on emerging financial assets with home advantage (technology). Chung stated that the government should pay attention to the awakening of the young generation's class consciousness and avoid the emergence of new class struggles. However, Chung criticized that government agencies have consistently failed to address the social impact of BTC, and even the positioning of virtual asset platforms and VASP business cannot be balanced. Will BTC become 'digital gold'? The article then pointed out that in the past decade, the global BTC population has surged from millions to 560 million, and the price of BTC has risen from $320 to nearly $100,000, a significant value change that is closely related to global inflation and QE. Chung then stated that in recent years, central banks have been indifferent to global inflation, which may cause concerns about asset shrinkage: 'You may be curious about our central bank's response to recent developments. From the data, it can be seen that there has been little appetite for gold in the past six years (see the Foundation's article 'Golden Armor All Over the City' on 5/8/2023), and probably even less for BTC. But if there is no concern about global inflation, the focus still remains on traditional reserve items, then there is a risk of asset shrinkage.' The article mentioned that Fed Chairman Powell recently stated that BTC is not a competitor to the US dollar, but can be said to be a competitor to gold. Similarly, a research report from the US Treasury Department stated that 'BTC is like digital gold,' almost entirely in line with Powell's previous remarks. If we extend the topic, the rhetoric of both seems to be leaving room for next year's Trump BTC strategic reserve policy. In light of recent official comments from the US, Chung said: 'Think about the QE and inflation trends over the past 10 years. If you were the Central Bank, what strategy or action would you take, and would you diversify issuance? To buy or not to buy, that's the question!' Related reports: Will BTC break through in two years? 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