A Hong Kong lawmaker is pushing for the region to consider adding Bitcoin to its national reserves, taking advantage of China’s “one country, two systems” policy.
According to a local media report, Wu Jiexhuang, a member of Hong Kong’s Legislative Council, suggested studying the impact of US-based spot Bitcoin exchange-traded funds (ETFs) to further explore this idea.
As examples of the cryptocurrency’s potential, Jiexhuang pointed to smaller countries such as El Salvador and Bhutan, which have already integrated Bitcoin into their reserves, as well as US states.
He also noted that US President-elect Donald Trump’s plan to make Bitcoin a strategic reserve asset could shake up traditional financial markets. According to Jiexhuang, Hong Kong authorities should first examine Bitcoin ETFs and then consider increasing Bitcoin holdings to strengthen financial stability.
He argued that the inclusion…
