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.
What is happening in Hongkong and especially with that scenario is a good example of government-run investment forcing its people to follow them in exchange of not touching their funds in the bank, because the government knows that if you touch their money it will have an impact on their lives, investors here will think of Cryptocurrency option now, and this is an example why people should not put all their wealth in banks.