Hong Kong politician Johnny Ng expressed curiosity within the idea of a nationwide Bitcoin reserve, following Trump’s Bitcoin 2024 keynote speech — which included a plan for a U.S. Bitcoin reserve.
In a submit on X at the moment, July 28, Ng, a member of the Hong Kong Legislative Council, provided his insights on Bitcoin (BTC) and web3, highlighting their significance and potential within the area.
Ng, a self-proclaimed web3 advocate, urged that Bitcoin is “price contemplating” as a monetary reserve for nations and areas. He famous the rising international acceptance of Bitcoin and its notion as “digital gold.”
The legislator additionally urged Hong Kong lawmakers to speed up the event of the web3 trade regionally by attracting extra crypto companies and expertise to town.
Ng closed his X submit by stating that he would focus on the potential of together with Bitcoin within the metropolis’s monetary reserves with numerous stakeholders and preserve the general public knowledgeable.
Elected in 2021, Ng is a member of the Legislative Council representing the newly created Election Committee constituency in Hong Kong.
On Saturday on the Bitcoin 2024 convention, former President Trump promised that, if elected in November, he would create a “strategic nationwide Bitcoin stockpile.” U.S. Senator Cynthia Lummis then took the stage, following Trump, to disclose new proposed laws detailing a plan for mentioned Bitcoin reserve.
