Liang Fengyi: Bitcoin has experienced many cycles of rise and fall in the past 15 years, which proves its ability to survive as an alternative asset

According to Jinse Finance, on June 5th, Ashley Alder, the CEO of the Hong Kong Securities and Futures Commission (SFC), pointed out at the Greenwich Economic Forum (Hong Kong) that it is important to make good use of technology and focus on Distributed Ledger Technology (DLT).

Alder pointed out that DLT is applied to virtual assets in the financial market. Bitcoin has gone through many cycles of prosperity and decline in the past 15 years, which proves its ability to survive as an alternative asset. More importantly, as the underlying technology of Bitcoin, DLT will stand the test of time. The potential advantages of DLT are obvious, and this technology can improve the efficiency of physical assets in distribution, clearing, settlement, and custody, while reducing costs.

She emphasized that the NFT craze may have subsided, but the technology is gradually being applied in the world of physical assets, and physical assets are gradually being tokenized, with potential benefits in several aspects.

Alder pointed out that the SFC adheres to the principle of "same business, same risks, same rules" with a stance of technological neutrality. Investor protection is their top priority.