Xue Hongyan: Virtual currency is not suitable for ordinary people's investment

Xue Hongyan, director of the Internet Finance Center of Suning Financial Research Institute, said in an interview with the Daily Economic News that virtual currency is not suitable for ordinary people. First, in the Chinese environment, virtual currency exchanges are illegal and they are not allowed to provide services to residents in the territory. The state now also does not allow legal currency and payment channels to provide corresponding support to virtual currency exchanges. Second, some people use bitcoin as virtual gold. Gold has long played the role of currency in history, and everyone's recognition of gold is deeply rooted. But Bitcoin is a string of numbers developed by one of its own communities. It is hard to convince the public to accept it as "gold."