CITIC Securities: "Virtual assets may benefit from dedollarization"

Uk Jin

Summary

CITIC Securities assessed that virtual assets are gradually becoming formalized assets due to their personal privacy protection and resistance to inflation.
The report noted that while real demand for virtual assets is expanding, in the short term their speculative nature remains strong.
In the long term, CITIC Securities expects virtual assets to benefit similarly to gold as a result of dedollarization and deglobalization.

According to BlockBeats on the 9th (KST), CITIC Securities stated in a report that "virtual assets offer excellent personal privacy protection and resistance to inflation," and assessed that "they are gradually emerging as formalized assets." The report further explained, "As real demand for virtual assets expands, a structure is forming where solid demand—similar to that for gold—serves as a foundation, with speculative pricing also taking place."

However, CITIC Securities believes it will take some time for virtual assets to be recognized as formalized assets. The report added, "In the short term, virtual assets remain highly speculative due to insufficient monetization and high risk appetite among investors."

Nevertheless, the firm noted, "In the long term, both virtual assets and gold are expected to benefit from deglobalization and dedollarization," and projected, "With high probability, virtual assets could assume the status of gold in the future."