Hong Kong Proposes Bitcoin in Financial Reserves

Hong Kong Legislative Council member Johnny Ng has proposed including Bitcoin in the territory's strategic financial reserves, citing its global acceptance and status as 'digital gold.' This initiative aligns with broader discussions in the United States, where figures like Donald Trump, Senator Cynthia Lummis, and Robert F. Kennedy Jr. have all suggested establishing a national Bitcoin reserve. Trump has promised to create a 'strategic Bitcoin stockpile' and reduce regulatory burdens on the crypto industry if elected. Lummis has proposed a bill for the U.S. to acquire 5% of the total Bitcoin supply to reduce national debt and secure long-term financial stability. These developments reflect a growing trend among politicians and regulators globally to consider Bitcoin as a strategic reserve asset.