Hong Kong Proposes Adding Bitcoin to Fiscal Reserves for Growth
- Hong Kong lawmaker Wu Jie proposes integrating Bitcoin into fiscal reserves, emphasizing its potential as a low-cost, inflation-resistant alternative to gold.
- Global momentum grows for Bitcoin reserves, with nations like the U.S., Germany, and Japan debating adoption despite volatility concerns.
Several nations, including Hong Kong, Germany, and Japan, are now debating whether Bitcoin deserves a spot in their fiscal reserves. Hong Kong lawmaker Wu Jie recently proposed Bitcoin into the city’s fiscal reserves. Wu suggested using Hong Kong’s Exchange Fund to purchase and hold Bitcoin long-term, strategically positioning the city-state as a leader in the crypto industry.
Hong Kong lawmaker have proposed…
