Fung-yee Leung, CEO of the Hong Kong Securities and Futures Commission, delivered a speech at the Greenwich Economic Forum (Hong Kong) entitled "Building a Fintech Ecosystem to Shape Future Finance". She said that DLT is applied to virtual assets in the financial market. If you ask central bankers and economists whether virtual assets such as Bitcoin and Ethereum have intrinsic value, most of them will deny it, and I don't disagree with their position.
Although all parties are still arguing about the issue of intrinsic value, the fact is that Bitcoin has experienced multiple cycles of rise and fall in the past 15 years, which proves its ability to survive as an alternative asset.
What is more certain is that as the underlying technology of Bitcoin, DLT will stand the test of time. Fung-yee Leung also said that the craze for NFT may have subsided, but the technology is gradually being used in the world of physical assets. Advocates are increasingly talking about how decentralized finance (DeFi) has injected new life into physical assets in recent years, and physical assets are gradually being tokenized.