Re: What do you think will happen once Hong Kong legalizes bitcoin?
Some of you probably saw the news that bitcoin will be fully legal to its citizens in June. What do you guys think will happen to Bitcoin?
That is another great step for Bitcoin adoption, Bitcoin will be more accessible to people since Hongkong is legalizing it. This may push the price up since hype may gather around this news. Aside from that for sure those who are willing to take advantage of the legalization will set up a company that utilizes Bitcoin and blockchain technology.
Some of you probably saw the news that bitcoin will be fully legal to its citizens in June. What do you guys think will happen to Bitcoin?
Nothing much, other than the fact that bitcoin would find new users, and possibly, more investors as well, transaction on bitcoin blockchain will sure increase as well, but personally, i am not expecting any significant increase in the price of bitcoin, this is if the price even moves up at all, but in all of this though, the most important thing is, let the news be true, if the news is true, its another win for bitcoin and a good win for the cryptocurrency believers, even though this does not bring any significant positive change to the price of bitcoin. Finding new user is a great thing for adoption. Even one user at a time when accumulated will make the market uptrend.
