Hong Kong Lawmaker Recommends Bitcoin For Fiscal Reserves Functions

• Wu Jiezhuang urged that Bitcoin be included in strategic fiscal reserves.
• Jiezhuang’s suggestion highlights Donald Trump’s marketing campaign speech.
• Michael Saylor thinks Bitcoin is superior to bodily capital.

Hong Kong SAR Legislative Council member Wu Jiezhuang has urged Bitcoin’s inclusion in strategic fiscal reserves sooner or later. Jiezhuang made the assertion after Donald Trump’s speech on the Bitcoin 2024 convention in Nashville, the place the previous president promised to construct a nationwide strategic Bitcoin stockpile.

In line with stories, Jiezhuang believes that Bitcoin and Web3 are essential nodes within the improvement of globalization. The lawmaker proposes the SAR authorities contemplate Bitcoin’s standing as a possible instrument for fiscal reserve by opening up the market responsibly and step-by-step.

Bitcoin’s resurgence in 2024 amid financial struggles reducing throughout varied jurisdictions has reignited the controversy about adopting the flagship cryptocurrency as an instrument for storing …

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