Similar voices began to rise from Hong Kong after Donald Trump's commitment to keep Bitcoin as a strategic reserve at the Bitcoin Conference on Saturday evening. Hong Kong Legislative Council Member Johnny Ng stated that they could take a similar step and said, "We should explore including Bitcoin among strategic financial reserve assets."
Along with the USA, Hong Kong, which is one of the countries that made a name for itself by accepting Bitcoin and Ether spot ETFs, is also discussing whether Bitcoin can be added to the reserve assets. The last call on the issue came from Johnny Ng, a member of the country's Legislative Council (Legco), which is affiliated with China.
Johnny Ng, on his X account, evaluated Donald Trump's speech at the Bitcoin Conference over the weekend and stated that Hong Kong should also consider Bitcoin's move to join strategic reserve assets.
“Bitcoin usage is increasing worldwide”
Stating that the largest cryptocurrency is used more and more globally every day, Ng used the following statements in his long tweet:
Former US President Donald Trump shared his ideas about Bitcoin at the Bitcoin Conference. Both Bitcoin and Web3 have begun to attract the attention of many countries around the world. As Hong Kong, we also support financial technology and have become a center in this regard.
These two elements (Bitcoin and Web3) are important milestones in the development of globalization. Blockchain technology has solved many financial problems in the world. It is worth discussing whether Bitcoin should be in a country's financial reserves or not. Global use and acceptance of Bitcoin is increasing. People see Bitcoin as digital gold. Therefore, adding Bitcoin to strategic reserve assets should be considered.
Hong Kong needs to accelerate the development of its Web3 ecosystem. Currently, Hong Kong leads the region in terms of regulations and industry development. Therefore, we must create an ecosystem that will attract globally competitive talents and capital to encourage the development of the sector.
This is one of the important steps to do this. “I will discuss the feasibility of including Bitcoin in financial reserves with different stakeholders in Hong Kong and will regularly inform you of developments in this regard.”
- Uzmancoin
