Hong Kong Lawmaker Recommends Bitcoin For Fiscal Reserves Purposes
- Wu Jiezhuang suggested that Bitcoin be included in strategic fiscal reserves.
- Jiezhuang’s suggestion highlights Donald Trump’s campaign speech.
- Michael Saylor thinks Bitcoin is superior to physical capital.
Hong Kong SAR Legislative Council member Wu Jiezhuang has suggested Bitcoin’s inclusion in strategic fiscal reserves in the future. Jiezhuang made the statement after Donald Trump’s speech at the Bitcoin 2024 conference in Nashville, where the former president promised to build a national strategic Bitcoin stockpile.
According to reports, Jiezhuang believes that Bitcoin and Web3 are crucial nodes in the development of globalization. The lawmaker proposes the SAR government consider Bitcoin’s status as a potential instrument for fiscal reserve by opening up the market responsibly and step by step.
Bitcoin’s resurgence in 2024 amid economic struggles cutting across various jurisdictions has reignited the debate about adopting the flagship cryptocurrency as an instrument for storing …
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