Hong Kong politician Johnny Ng expressed curiosity within the idea of a nationwide Bitcoin reserve following President Trump’s Bitcoin 2024 keynote speech, which additionally included plans for a U.S. Bitcoin reserve.
Hong Kong Legislative Council member Ng wrote in a July 28 put up on X: offered He shared his insights on Bitcoin (BTC) and Web3, specializing in its significance and potential within the area.
Ng, a self-described Web3 advocate, instructed that Bitcoin is “price contemplating” as a monetary reserve for nations and areas, noting that Bitcoin is gaining international acceptance and recognition as “digital gold.”
He additionally referred to as on Hong Kong lawmakers to speed up the event of the native Internet 3 trade by attracting extra cryptocurrency-related companies and expertise to the town.
On the finish of his X put up, Ng stated he’s in discussions with numerous events about the potential for together with Bitcoin within the metropolis’s monetary reserves and can maintain the general public knowledgeable.
Elected in 2021, Ng is a Legislative Council member representing Hong Kong’s newly created Electoral Fee constituency.
Talking on the Bitcoin 2024 convention on Saturday, former President Trump promised to create a “nationwide strategic bitcoin reserve” if elected in November. Senator Cynthia Lummis then adopted Trump on stage to unveil a brand new invoice detailing plans for a bitcoin reserve.
