Everyone is looking at El Salvador to be “the home” of Bitcoin, but I believe Singapore is better to be the true hub of the Bitcoin industry, with serious players.
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Singapore’s banking industry is what made the country develop into one of the richest countries in the world. It can further develop by embracing the Bitcoin industry.
Both of these sentences are contradicting each another especially the bolded part.
If Singapore rely on their banking industry that means there is no hope for bitcoin to settle in the country. You are probably contradicting between making it a legal tender like El Salvador or turning Singapore as the hub of the bitcoin industry but basically any other country could also be the central hub for blockchain based industry, Malta is probably one of the option for that and it doesnt have to be Singapore
In Malta, I believe the serious players in the cryptocurrency industry won’t have the access to money markets, and the banking partners they need to grow. Plus billionaires prefer Singapore, if that’s where developers and start ups can source capitall, that’s where they’ll be.
Edit : it seems a little bit make sense to call it blockchain based industry rather than bitcoin industry
Yes, the whole industry.
Especially with China banning everything, what is the nearest location in the region, that they can call their new “home”.