Has the 'national level' adopted narrative? Legislators in Hong Kong and the United States
Hong Kong Legislative Council Members Advocate for 'Bitcoin Reserve'
Wu Zhiwei proposed in a tweet that considering Bitcoin as part of a strategic fiscal reserve may bring benefits to Hong Kong's economic framework under appropriate regulatory conditions. This move not only demonstrates our attention to cutting-edge technology, but also reflects Hong Kong's positive positioning in the global digital economy.
As Bitcoin and Web3 technology gradually gain attention globally, Wu Jiezhuang pointed out that Bitcoin's decentralized nature and limited supply have made it a valuable asset in the eyes of many investors. In addition, he emphasized that with the increasing global awareness of digital assets, Bitcoin has become a key element in discussing digital assets and their integration with traditional financial systems.
In terms of promoting the development of the Web3 ecosystem, Wu Jiezhuang believes that Hong Kong is at a critical stage of regulatory compliance and industrial development. Web3 represents the next generation of Internet technology, focusing on decentralization, memory block chain and point-to-point interaction. Wu Jiezhuang's proposal shows his vision for creating a more open and innovative market environment.
US Senator Proposes' Bitcoin Strategic Reserve 'Bill
Incorporating Bitcoin into national reserves seems to be a direction that many legislators in countries are striving towards. US Senator Cynthia Lummis, who has always been supportive of cryptocurrencies, previously proposed a "Bitcoin Strategic Reserve" bill at the Bitcoin 2024 conference, proposing that the US government purchase 5% of the global Bitcoin supply (approximately 1 million pieces) within five years and hold it for at least 20 years.
Cynthia Lummis said at the meeting:
We have money now, but we will no longer hold it in the form of dollars and other assets that depreciate by at least 2% annually. We will hold it in the form of assets that will appreciate
It can be foreseen that the adoption at the national level will become the next largest Bitcoin speculation topic after ETFs.
