RATE Group | Non-Seizability of Bitcoin Very Attractive for Hong Kong: Pompliano
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Non-Seizability of Bitcoin Very Attractive for Hong Kong: Pompliano

11 Oct Non-Seizability of Bitcoin Very Attractive for Hong Kong: Pompliano

Posted at 09:29h in Bitcoin News by

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Bitcoin’s (BTC) use as a protector of wealth is coming to the fore in Hong Kong as trading volumes spike and businesses iron out problems with acceptance.

Trading record underscores Bitcoin’s “non-seizability”

As multiple commentators including Morgan Creek Digital co-founder Anthony Pompliano noted this week, Bitcoin is a genuine solution for Hong Kong residents worried about monetary sovereignty.

“When you’re worried about your assets being seized or becoming inaccessible to you, Bitcoin’s non-seizability becomes very attractive. This aspect of Bitcoin just became important for 1+ billion people in India & Hong Kong,” he tweeted on Oct. 6. 

Pompliano was writing days after China’s 70th state anniversary protests, as big as any in the democracy movement’s 18-week history, were met with a forceful reaction from the government. 

Hong Kong Localbitcoins weekly trading volume

Hong Kong Localbitcoins weekly trading volume. Source: Coin Dance

In the face of a crackdown on civil liberties via emergency powers,…

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