Hong Kong Bitcoin Trading Volume Spikes to Highest Levels Ever Recorded - page 2.

Duzter

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Quote from: avikz on October 02, 2019, 10:40:27 AM

Quote from: vennali on October 02, 2019, 09:24:03 AM

Interest in Bitcoin seems to be booming in Hong Kong. LocalBitcoins recorded its highest trading volume ever in the city-state this past week.
About $13 million HKD exchanged in the last week.

Article source

13 million HKD is not a great volume for a rich place like Hong Kong. It's around 1.7 million in USD at the current exchange rate! I am sure some people are trying to safeguard their wealth amidst the ongoing protest because China can go to any extent to immobilize the protesters!

Bitcoin/cryptos are the only way to hide their wealth from the regulatory authorities who might intervene to seize the wealth of the protesters to keep them out of the entire game!

As mentioned, China government is very strong in their stand. This is very worse for Hong Kong, even after several opposition from human rights commission and different other organizations China stands on its decision. Surely Hong Kong needs to be supported more, and the increased trading volume happening with Hong Kong portrays the mind of common people securing their hard earned money.

avikz

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Quote from: vennali on October 02, 2019, 09:24:03 AM

Interest in Bitcoin seems to be booming in Hong Kong. LocalBitcoins recorded its highest trading volume ever in the city-state this past week.
About $13 million HKD exchanged in the last week.

Article source

13 million HKD is not a great volume for a rich place like Hong Kong. It's around 1.7 million in USD at the current exchange rate! I am sure some people are trying to safeguard their wealth amidst the ongoing protest because China can go to any extent to immobilize the protesters!

Bitcoin/cryptos are the only way to hide their wealth from the regulatory authorities who might intervene to seize the wealth of the protesters to keep them out of the entire game!

Dabs

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Is that a lot of volume? That means coins trading hands, maybe some of those protestors are preparing for an exit, a Plan B ... with B for Bitcoin.

vennali

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Interest in Bitcoin seems to be booming in Hong Kong. LocalBitcoins recorded its highest trading volume ever in the city-state this past week.
About $13 million HKD exchanged in the last week.

Article source

Topic: Hong Kong Bitcoin Trading Volume Spikes to Highest Levels Ever Recorded - page 2. (Read 268 times)