Huang Leping, Managing Director of CICC Research: Bitcoin fails as a payment method

At a financial and financial technology summit held today, Huang Leping, Managing Director of CICC Research, said that as far as global digital currencies are concerned, the most successful is digital gold bitcoin, but as a means of payment, it has failed very much. Energy consumption has failed very much. Although it is hardly used in payment methods, its energy consumption or semiconductor consumption has already accounted for 7% of the world. This is a very failure.