Hong Kong is quickly constructing its banking and buying and selling methods to compete as a significant hub for Bitcoin and different cryptocurrencies.
However the goals for China, and Hong Kong’s benefits as a significant monetary middle, don’t essentially contain crypto hypothesis by hedge funds and wealth managers. As an alternative, Hong Kong will function the banking middle for corporations and nations that use Bitcoin for actual enterprise actions, and the commerce of tangible merchandise and precise providers.
Many of the world’s pure assets economies can profitably mine Bitcoin, primarily based on current market costs. To take action, they want entry to capital gear that produces energy, and Bitcoin rigs that convert electrical energy to crypto. China has a lot of the world’s market share in that gear.
Nations additionally want a banking system that’s faraway from US and European banking regulators, which has constructed the regulatory and purposeful frameworks for utilizing Bitcoin to freely purchase and promote, and one that permits for simple entry to China’s large industrial and manufacturing facility sectors.
Assets and hyperlinks:
Video transcript and direct hyperlinks:
https://open.substack.com/pub/kdwalmsley/p/bitcoin-and-the-brics-will-make-hong
Electrical energy Prices to Mine 1 Bitcoin at Dwelling, Across the World
Electricity Costs to Mine 1 Bitcoin at Home, Around the World
China has a Trojan Horse in US Bitcoin mining infrastructure
https://cointelegraph.com/information/chinese-bitcoin-miners-trojan-horse-united-states-crypto-infrastructure
Present market worth, Bitcoin (BTC)
https://www.coindesk.com/worth/bitcoin
Bloomberg, Sanctioned Russian LNG Ship Fails 4-Month Quest for Purchaser
https://www.bloomberg.com/information/articles/2024-12-26/sanctioned-russian-lng-ship-fails-four-month-quest-for-buyer
Zerohedge, Sanctioned Russian LNG Cargo Travels Round World, Finds No Consumers
https://www.zerohedge.com/commodities/sanctioned-russian-lng-shipment-travels-around-world-finds-no-buyers
Reuters, Russia is utilizing bitcoin in overseas commerce, finance minister says
https://www.reuters.com/markets/currencies/russia-is-using-bitcoin-foreign-trade-finance-minister-says-2024-12-25/
South China Morning Submit, Hong Kong is turning into hub for monetary crime, US lawmakers say
https://www.scmp.com/information/china/article/3288097/hong-kong-becoming-hub-financial-crime-us-lawmakers-say
Hong Kong Offers Inexperienced Gentle for 4 Extra Crypto Exchanges
Pitchbook, Hong Kong follows US to suggest crypto tax breaks
https://pitchbook.com/information/articles/hong-kong-follows-us-to-propose-tax-breaks-for-crypto-investments
10 Finest Bitcoin Mining Machines in 2024
https://koinly.io/weblog/best-crypto-mining-hardware/
Why Hong Kong has grown right into a crypto hub — CEO of WOW Summit
https://cointelegraph.com/information/why-hong-kong-become-crypto-hub-ceo-wow-summit
Hong Kong proposes tax breaks to draw crypto hedge funds, traders
https://cointelegraph.com/information/hong-kong-crypto-tax-exemption-hedge-funds
The Bitcoin Halving: What it Is And Why it Issues
https://tabtrader.com/academy/articles/bitcoin-halving-what-is-it-and-why-it-matters
Prime 50 International Heavy Electrical Gear Producers
https://www.aranca.com/revenue-benchmarks/top-50-global-heavy-electrical-equipment-manufacturers.php
U.S. 10 12 months Treasury
https://www.cnbc.com/quotes/US10Y
Bitcoin Value Chart – 6 Month Value Historical past BTC to USD
https://www.bullionbypost.co.uk/bitcoin-price/bitcoin-price-6-month-usd/
Closing scene, Qingdao, Shandong province
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