President Trump

Hong Kong politician Johnny Ng expressed interest in the concept of a national Bitcoin reserve, following Trump’s Bitcoin 2024 keynote speech — which included a plan for a U.S. Bitcoin reserve.
In a post on X today, July 28, Ng, a member of the Hong Kong Legislative Council, <a href="https://x.com/Johnny_nkc/status/1817400401416851750" target="_blank" rel="noopener noreferrer nofollow">offered</a> his insights on Bitcoin (<a href="https://crypto.news/bitcoin-price/" rel="noopener noreferrer nofollow">BTC</a>) and <a href="https://crypto.news/tag/web3/" target="_blank" rel="noopener noreferrer nofollow">web3</a>, highlighting their significance and potential in the region.
Ng, a self-proclaimed web3 advocate, suggested that Bitcoin is “worth considering” as a financial reserve for nations and regions. He noted the increasing global acceptance of Bitcoin and its perception as “digital gold.”
The legislator also urged Hong Kong lawmakers to accelerate the development of the web3 industry locally by attracting more crypto businesses and talent to the city.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Former U.S. President Trump recently gave a speech at the U.S. Bitcoin Summit, sharing his views on Bitcoin. Bitcoin and Web3 have already gained the attention and development of countries around the world, and Hong Kong is also actively becoming a hub to promote technological… <a href="https://t.co/e1UFCb6g1q" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/e1UFCb6g1q</a>— Johnny Ng 吴杰庄 (@Johnny_nkc) <a href="https://twitter.com/Johnny_nkc/status/1817400401416851750?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Ng closed his X post by stating that he would discuss the possibility of including Bitcoin in the city’s financial reserves with various stakeholders and keep the public informed.
You might also like: <a href="https://crypto.news/us-senator-lummis-unveils-bitcoin-reserve-legislation-following-trumps-keynote/" rel="noopener noreferrer nofollow"> US Senator Lummis unveils Bitcoin reserve legislation following Trump’s keynote </a>
Elected in 2021, Ng is a member of the Legislative Council representing the newly created Election Committee constituency in Hong Kong.&nbsp;
On Saturday at the Bitcoin 2024 conference, former President Trump <a href="https://crypto.news/trump-bitcoin-2024-keynote-bitcoin-reserve/" target="_blank" rel="noopener noreferrer nofollow">promised</a> that, if elected in November, he would create a “strategic national Bitcoin stockpile.” U.S. Senator Cynthia Lummis then took the stage, following Trump, to <a href="https://crypto.news/us-senator-lummis-unveils-bitcoin-reserve-legislation-following-trumps-keynote/" target="_blank" rel="noopener noreferrer nofollow">reveal</a> new proposed legislation detailing a plan for said Bitcoin reserve. &nbsp;
You might also like: <a href="https://crypto.news/interpol-targets-hong-kong-crypto-promoter-with-red-notice-over-384k-fraud/&nbsp;" rel="noopener noreferrer nofollow"> Interpol targets Hong Kong crypto promoter with red notice over $384k fraud </a>

Hong Kong legislator Johnny Ng advocates for Bitcoin, web3 development

crypto.news

Другие статьи, опубликованные 29 июл. 2024 г.

Pendle Coin: A New Era in Crypto Investments

Top Gainers Spotted with Max Surges Over the Past 24 Hours

Michael Novogratz’s Galaxy Digital Acquires $1B in Ethereum Staking Assets

Peter Schiff Decodes ‘Flawed’ Logic of Bitcoin Going to Millions Per Coin

Bitcoin’s Bullish Breakout: Inverse Head and Shoulders Pattern Points to $88K Target

Is Solana at risk of a price reversal? What historical trends say

Join our free newsletter for daily crypto updates!