The first PayPal Finance "Snow Mountain Discussion" afternoon tea round table was successfully held at the foot of Yulong Snow Mountain in Yunnan on August 6. Many industry leaders from the fields of blockchain and digital currency related investment, mining and financial services gathered around the next The ten-year prospect of Bitcoin, the current opportunities and challenges for the development of the blockchain and digital currency industry, and other topics were discussed and exchanged in depth. Many guests believed that digital currency is expected to usher in major opportunities under the situation of great uncertainty in the world .

The Afternoon Tea Roundtable on Snow Mountain is part of the series of PlanB activities "Wilderness Choice Haba Snow Mountain Climb" first launched by PayPal PRIVATE, a subsidiary of PayPal Finance, and is the exclusive media partner of this event.

Guests attending this event included Matrixport CEO Ge Yuesheng, Hash Times Chairman Ye Linsen, Yuchi partner and COO Dayu, Yinghuo Wallet founder Lao Chi, Bitget investor Shawn, digital currency senior trading investor Michael, founder Mandy, founder and CEO of PayPal Finance, Yang Zhou, founder and CEO of PayPal Finance, and Wang Li, co-founder of PayPal Finance, co-hosted the discussion.

Yang Zhou welcomed all the guests. He said that the PayPal PRIVATE PlanB activity is a high-end travel experience activity specially designed for important customers and partners of PayPal Finance. It aims to broaden horizons and enhance friendship. A platform for insights on major industry issues.

In his speech, Wang Li said that 2020 coincides with another Gengzi Year, global uncertainty has intensified and turmoil is increasing, and there is a high probability that the world will undergo another great change in the future, and the role played by digital currency may become more and more important , so it may be a major opportunity for digital currency practitioners.

"There will be great changes in the future, and there will be many crises and opportunities, but the opportunities outweigh the dangers. The blockchain industry is an industry with relatively more opportunities. It is very worthwhile for us to choose to invest the most precious time and energy in this field. "Wang Li said.

Ge Yuesheng, CEO of Matrixport, believes that compared with the traditional financial field, the digital currency field has a great opportunity to have financial institutions with assets exceeding US$100 billion in the future. He said that in the past 50 or 60 years, there have been very few banks in the global financial field that have achieved more than 100 billion US dollars from scratch. In the field of digital currency, 100 billion US dollars is not a difficult thing to calculate. times, now the head mechanism may reach this threshold.

"That's why the field of digital currency is particularly attractive. If you don't know, you will feel that if I don't come to do digital currency, should I go to Goldman Sachs?" Ge Yuesheng said.

Shawn, a Bitget investor, believes that choosing a good track is crucial to the expansion of the business. Finance must be combined with technology. The financial iteration caused by technological progress is a huge opportunity, and digital currency is currently only Xiaohe. Sharp corner, this industry still has at least 100 times the room for growth, and the digital currency business is a global business, and globalization is the vitality of the digital currency business. "Digital currency is a very promising thing, but the road is very tortuous. A great cause is destined to take some risks, which is also worthwhile."

Distinguished guests debated the value and price of Bitcoin under extreme circumstances. Ge Yuesheng believes that in the extreme situation of war, Bitcoin will become an extremely useful tool, and Satoshi Nakamoto's ideal may be carried forward, but this does not necessarily mean that the price of Bitcoin will skyrocket, because But in this case, no one will target hoarding Bitcoin.

Big Fish, the partner of F2Pool, and Lao Chi, the founder of Yinghuo Wallet, said that if there is turbulence among countries, the legal currency will depreciate substantially, and the price of Bitcoin will rise. A recent example is that the price of Bitcoin in Iran is relatively low. China is much higher.

Wang Li believes that if the GDP drops sharply after the war, making traditional pricing tools, such as legal currency, no longer applicable, then the first choice now must be gold, which has a greater consensus, but the consensus of Bitcoin is continuing. Diffused, and its advantages are much greater than gold. "If there are several emergencies, the probability of Bitcoin replacing gold in the future is not small."

According to the PayPal PRIVATE PlanB activity plan, after completing the afternoon tea round table on Snow Mountain Discussion, the guests will also head to Haba Snow Mountain and spend two days attempting to climb to the summit of the 5,396-meter-high Haba Snow Mountain peak.

Tong Lei, Managing Director of PayPal’s Financial Asset Management Department, said that in addition to providing professional services in terms of investment and consulting, PayPal PRIVATE also hopes to become a high-quality life and social platform and a platform for exchange of ideas. This PlanB event "" Wilderness Choice Haba Snow Mountain Summit" is an attempt, and PayPal PRIVATE will continue to launch similar activities that are worth looking forward to in the future.