TechFlow news — On December 30, according to the Hong Kong Wen Wei Po, Legislative Council member and Chairman of the Web3 Virtual Assets Development Subcommittee, Ng Kit-kwong, said in an interview that Hong Kong needs to study how to safeguard national financial security amid U.S. disruptions to Bitcoin and traditional asset markets.
He suggested that Hong Kong leverage its "one country, two systems" advantage to pioneer the inclusion of Bitcoin into the Exchange Fund's assets, exploring ways for the nation to utilize its Bitcoin holdings. Ng believes Bitcoin has the greatest impact on prices of precious metals with low practical utility, such as gold and silver. Although Bitcoin also lacks practical use, its ease of storage and portability give it an edge—unlike gold and silver, which incur substantial storage and logistics costs—making Bitcoin a potentially preferred alternative over traditional precious metals due to lower holding and transaction costs.
