From a definitional perspective, crypto assets indeed possess the basic characteristics of an 'asset'. Especially in regions that recognize its legal status, it is explicitly classified as 'virtual assets', 'digital assets', or 'commodity-like assets'. However, we cannot overlook its unique nature. Crypto assets are a form of 'non-standardized, high-risk, technology and consensus-dependent' unique asset. Its value is not tied to the real economy and is easily affected by market sentiment and policy regulations. More importantly, there is still no consensus on its legal positioning globally.

For those intending to invest, Crypto Assets can be viewed as a 'high-risk asset class'. However, we must always be vigilant of a potential major risk: due to changes in regulatory policies or technological innovations, the asset properties of Crypto Assets may significantly weaken in a short period of time. Such sudden changes could cause severe economic losses to investors.

From a more macro perspective, Crypto Assets represent an important innovation in financial technology. They challenge the traditional definitions of assets and provide us with a whole new way of thinking. However, like any emerging technology, it brings both opportunities and risks. Therefore, whether individual investors or financial institutions, caution and rationality are needed when entering this field, fully recognizing its potential risks and uncertainties.