Bitcoin, the world’s most popular cryptocurrency, is making headlines once again. In recent news, some experts are saying that Bitcoin is not too big to fail, but instead too big to kill. This means that the cryptocurrency is so large and established that it’s not going anywhere anytime soon.
However, the crypto market is still not as significant as the stock and bond market, so it will always be a follower to those leading markets. For weeks now, there have been rumors surrounding Hong Kong’s regulations on Bitcoin. If Hong Kong does indeed become more accepting of Bitcoin, then it could become a more favorable environment for Bitcoin traders and investors.
This leads to some interesting questions, such as how the China Hong Kong delineation works on regulation. Experts are unsure of the specifics, but it could potentially allow for more flexibility in Bitcoin trading and investing.
Some people are already considering moving their broadcasting to Hong Kong due to regulatory arbitrage. This is when companies or individuals move their business to a more favorable regulatory environment. Just like how some exchanges did from 2017 to 2020.
So, it’s a game of musical chairs where people need to go where the environment is most favorable for Bitcoin. And with the possibility of Hong Kong becoming more welcoming towards Bitcoin, we could see a shift in the crypto market.