Wang Yongli, former vice president of the Bank of China, has criticized the idea of using crypto assets like Bitcoin to anchor currency, calling it a misunderstanding of monetary development laws. In an article titled "Where Does the Huge Increase in Currency Come From?", Wang argued that modern currency has evolved beyond the metallic standard and is no longer tied to specific tradable wealth. He emphasized that anchoring currency to assets such as Bitcoin could restrict economic growth due to currency shortages, highlighting the need for a flexible monetary system.