SFC Chair Expresses Optimism: 'BTC, Alts Have Proven Their Mettle'
CryptoNewsTerminal Staff05 Jun, 2024
SFC Chair Expresses Optimism: 'BTC, Alts Have Proven Their Mettle'
SFC Chair Praises Crypto Resilience and NFT Potential Julia Leung, chair of the Hong Kong Securities and Futures Commission (SFC), has expressed a positive outlook on cryptocurrencies and NFT technology at the Greenwich Economic Forum. Crypto's Staying Power Leung acknowledged the ongoing debate surrounding the intrinsic value of cryptocurrencies, but emphasized that Bitcoin (BTC) has established itself as a viable alternative asset over the past 15 years. She also praised the underlying distributed ledger technology (DLT) for its endurance. NFT Use Cases Beyond Hype While the NFT hype has subsided, Leung sees potential in the underlying technology for real-world assets (RWAs). She believes that NFTs can enhance the tracking and ownership of physical assets. A Balanced Perspective Leung's comments strike a balance between recognizing the challenges and opportunities within the crypto landscape. Her insights highlight the growing acceptance of cryptocurrencies as legitimate investment options and the potential for NFTs to revolutionize asset management.
