We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/of course we do not expect a very protracted event to occur there and impact the economic development directly there. they will be able to finish well, because they also know that if it dissolves late it will harm themselves. in situations like this it is certainly very irrelevant that bitcoin will have a direct impact. even though we know the development of crypto there is very advanced.