Suddenly good signal! The world's largest bank, Industrial and Commercial Bank of China, said: Bitcoin solves the problem of divisibility and "portability" of gold. What does this mean?
In a rare signal, the Industrial and Commercial Bank of China compared Bitcoin to digital gold and Ethereum to digital oil. It also shows that human imagination drives the development of digital currencies and their applications. China's major state-owned enterprises have expressed clear optimism. Does this mean that China's attitude towards cryptocurrencies has changed?
I think the recognition and praise of cryptocurrencies led by Bitcoin has shown that the Chinese government's attitude has changed. Hong Kong, as a special zone, issued spot ETFs for Bitcoin and Ethereum, and the mainland subsequently “opened up.” "up" cryptocurrency. Maybe it's just a matter of time. Going forward, it is unlikely that Hong Kong Bitcoin spot ETFs will be available through the Shanghai-Hong Kong Stock Connect and other channels, allowing mainland investors to purchase them.
