⚡️The IMI article "Reasons for Bitcoin as a Reserve Asset" is quite worth a read. It provides a neutral perspective on the current financial system—

1⃣ Why global central banks are beginning to recognize the potential of Bitcoin as the attractiveness of the dollar declines and the limitations of gold become apparent.

2⃣ Especially in the context of geopolitical tensions, capital controls, and high inflation, Bitcoin's characteristics such as decentralization, anti-sanction, no default risk, and low correlation provide unique hedging value, making it particularly scarce.

3⃣ Academia acknowledges that despite Bitcoin's short-term volatility, a 2-5% allocation of Bitcoin may be acceptable from the perspective of asset allocation and portfolio optimization, and various institutions and countries are gradually testing this.

Many people reading this article might get excited: Is this an official article? Does it mean a shift towards #Bitcoin for China?

Let’s start with the conclusion: Wake up, it’s impossible!

IMI is an academic research institution under Renmin University of China, part of the top financial think tank system in the country, but essentially it is just an academic institution; articles, research, and opinions ≠ government stance.

Analyzing El Salvador ≠ China wants to learn from El Salvador.

Criticizing dollar hegemony ≠ Promoting the rise of the renminbi or Bitcoin.

Academic observation ≠ Policy intention.

The Chinese government's consistent policy stance on Bitcoin—

1) Clearly prohibits individuals and institutions from conducting Bitcoin and other virtual currency trading, settlement, and mining activities within the country.

2) Strictly regulates the direct linkage between the financial system and virtual currencies to prevent capital outflow, money laundering, and financial risks.

The core of China's monetary strategy remains dominated by the digital renminbi (CBDC), prioritizing financial security and maintaining capital controls. What is Bitcoin in the eyes of domestic policy? It is seen as high risk, capital outflow, and regulatory trouble, not a reserve tool.

This will not change in the short term!

But it doesn’t matter; as long as you understand the direction of global capital flows, comprehend the changes brought about by de-dollarization and disintermediation, and position yourself in advance, you already have a chance to claim your share in the future.

Never fantasize about a sudden regulatory shift or policy relaxation. We should focus more on: which forces are accumulating on-chain, which funds are changing tracks globally…

Many important trends often exist long before they are officially recognized; they have already been quietly happening, reshaping global liquidity and asset distribution.

So, take it slow, be steady, have less emotion, and more judgment. This is the only way for ordinary people like us to survive long-term amid infinite inflation.

If interested, you can read the original text: https://mp.weixin.qq.com/s/3rGJpAEPl4s8GhhY5SSvrQ

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