Interest in Bitcoin seems to be booming in Hong Kong. LocalBitcoins recorded its highest trading volume ever in the city-state this past week.
About $13 million HKD exchanged in the last week.
Article source13 million HKD is not a great volume for a rich place like Hong Kong. It's around 1.7 million in USD at the current exchange rate! I am sure some people are trying to safeguard their wealth amidst the ongoing protest because China can go to any extent to immobilize the protesters!
Bitcoin/cryptos are the only way to hide their wealth from the regulatory authorities who might intervene to seize the wealth of the protesters to keep them out of the entire game!
Yes, it seems natural that the protesters would prefer Bitcoin so that their money is safe. But they can also prefer it for political reasons so that they are not using the currency of any specific country and support decentralization. The talks about a possible connection started back during summer. There were a few articles about it, and there was even a thread on Bitcointalk dedicated to this topic. But the article, like others mentioned, does not really settle the matter. It's unclear whether there's a direct connection or whether it's a significant volume to discuss at all.