No one in Hong Kong wants to be under the control of the mainland government. The protests have been happening in China for the past few days. This has resulted in many being injured and the police terming it as “a riot”.
Wealthy men and women of Hong Kong are now switching to digital assets. This is a change that is brought about the benefits of decentralization, as people have begun to slowly realize those factors.
The extradition bill will disrupt the lives of common citizens, along with tourists as well.
Bitcoin is trading at a premium of about $160 in Hong Kong.
Pictured is the HK exchange TideBit where a single BTC is going for 73,120 HKD ($9337). A total of $159 above Coindesk’s current rate.
This is where the safe haven play comes in. pic.twitter.com/HNZWQkJ61j
— Mati Greenspan (@MatiGreenspan) June 17, 2019
A “Black March” in Victoria Park on Sunday had more than two million people as attendants. That is close to 30% of the entire population of Hong Kong.