The Hong Kong Police, working with China, has frozen a major fund that was intended for arrested and injured protestors. The case for financial freedom with Bitcoin has never been more clear.
Bitcoins popularity always seems to spike when peoples wallets are directly affected. Throughout 2019, weve seen multiple fears of bank runs and ATMs running out of cash during crises. In October, BeInCrypto reported that Chilean ATMs were reportedly locked during a state of emergency. That same month, Bitcoin trading volume ballooned as Hong Kong residents found themselves locked out of ATMs.Source link hereNow that their funds were locked out, I think it's time for them to take Bitcoin seriously.Storing them in banks is such a bad idea, especially if they are using it for protests. If they could have stored it in Bitcoin, the police and government cannot stop them as they do not own or control the blockchain technology.
Bitcoin took out the third party or intermediary in peer-to-peer transactions, and this is what Hongkong protesters should need if they want to keep their funds safe from being frozen.
This is Bitcoin's time now. We're not just focusing on the price itself, but how can it be used without the risk of having our funds frozen.
If this doesn't make people understand why bitcoin is necessary then nothing will do it, bitcoin is not only a great currency if necessary it can be used as a tool to resist tyrannical governments, and it is really not a surprise why most governments around the world view bitcoin with suspicious eyes because they want to have complete control over what their citizens can do with their money and being able to silence them and steal everything from them with just a few clicks on their computers and bitcoin does not allow that.