US Treasury Secretary Yellen: Monitoring Hong Kong's Digital Asset Innovation, Could Affect Bitcoin and Gold Pricing System

BlockBeats News, February 6th, US Treasury Secretary Yellen recently stated that Hong Kong is currently exploring a new financial system based on digital assets as a "sandbox" for financial innovation, raising concerns in the market about a potential impact on the Bitcoin and gold pricing system.

Yellen added that there is currently no conclusive evidence, but related rumors persist in the market, and the US is closely monitoring the situation. Analysts point out that if a future sovereign digital asset system linked to gold emerges, it may have a long-term impact on the existing dollar-dominated financial system and the pricing logic of crypto assets. However, the current situation is still more in the stage of policy discussion and market speculation, and short-term effects on the crypto market are still driven by sentiment and expectations. (Forbes)