A Hong Kong lawmaker discussed Donald Trump’s Bitcoin Nashville speech yesterday. In that discussion, he was positive about the Strategic Bitcoin Reserve that Trump announced. Is this the moment that other countries will start to follow America and El Salvador will no longer be the only country buying Bitcoin?
Hong Kong Adopts National Bitcoin Reserve?
Johnny Ng, the legislator in question, indicated on Twitter that he would at least like to “discuss the feasibility and opportunities of Bitcoin, among other things, as a financial reserve with various stakeholders in Hong Kong.”
“As for Bitcoin as an official financial reserve for a country or region, I think it’s worth considering. Global adoption of Bitcoin is constantly increasing and Bitcoin is seen by the general public as ‘digital gold’ in the context of its technology.
So in the future, it is definitely possible to explore and consider putting Bitcoin in the strategic financial reserve, as long as it follows the laws,” said Johnny Ng.
He also indicates that he sees Bitcoin and Web3 as “important milestones” in the development of globalization. Johnny NG claims that blockchain technology has already provided many innovative solutions for financial and practical applications.
‘Let the game theory begin’
The reactions under Dennis Porter’s tweet, which broke the news about the Hong Kong lawmaker, are of course mostly bullish.
For example, Donny Brasco says, “Let the game theory begin.”
Of course, he is referring to the game theory that other countries will follow America, for fear of falling further behind.
If everyone around you was buying Bitcoin and was really excited about it, you probably would too.
For rival countries, this is especially true. Suppose Bitcoin continues to grow in this way, then China cannot theoretically afford to have America own large amounts of Bitcoin.
Then there is a chance that they will follow America and also buy Bitcoin, just like we are now seeing this message from Hong Kong.
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Source: https://newsbit.nl/wetgever-in-hong-kong-positief-over-strategic-bitcoin-reserve-van-trump/
