Bitcoin and Web3 Advocacy in Hong Kong
Johnny Ng, a Hong Kong politician and member of the Legislative Council, expressed interest in establishing a national Bitcoin reserve after former President Trump’s keynote speech at Bitcoin 2024. Ng emphasized the importance of Bitcoin and web3 technologies in the region, highlighting the growing global acceptance of Bitcoin as a digital asset.
Promoting Web3 Industry Development
As a self-proclaimed web3 advocate, Ng urged Hong Kong lawmakers to accelerate the growth of the web3 industry by attracting more crypto businesses and talent to the city. He sees Bitcoin as a viable option for financial reserves and aims to discuss its inclusion with stakeholders to keep the public informed.
Trump’s Bitcoin Reserve Proposal
At the Bitcoin 2024 conference, former President Trump proposed creating a national Bitcoin stockpile if re-elected. This announcement was followed by U.S. Senator Cynthia Lummis unveiling new legislation outlining a plan for the proposed Bitcoin reserve. The event showcased the growing importance of Bitcoin and web3 technologies on a global scale.
