Hong Kong Legislator Proposes Adding Bitcoin to National Reserves for Stability
A new proposal from Hong Kong’s Legislative Council could alter the region’s financial landscape.
Wu Jiexhuang, a prominent legislator, has advocated for integrating Bitcoin into Hong Kong’s national reserves as a strategy for enhanced financial stability.
Drawing inspiration from countries like El Salvador and Bhutan, which have already adopted Bitcoin into their reserves, Jiexhuang believes this move could help Hong Kong manage economic fluctuations and attract international talent and investments.
This suggestion aligns with China’s “one country, two systems” framework, which Jiexhuang sees as an opportunity for Hong Kong to lead the charge in cryptocurrency integration.
He pointed to the success of Bitcoin-based exchange-traded funds (ETFs) in the U.S. as a model for Hong Kong to study. The idea is to initially include Bitcoin in ETFs before exploring larger investments in the cryptocurrency. If implemented, this could position Hong Kong as a global leader in digital asset integration.#btc2025 #BTC