BITCOIN VOLUME IN HONG KONG BREAKS RECORD WITH PROTESTS!
BITCOIN VOLUME IN HONG KONG BREAKS RECORD WITH PROTESTS! The people of Hong Kong who have risen with the bill prepared by Hong Kong authorities for the extradition to China have not returned from the streets even though the bill has been withdrawn.
During the protests, many people who wanted to escape from China’s tracking vehicles turned to Bitcoin (BTC), one of the safest money transfer methods in the world. Since the protests began, the BTC volume in Hong Kong has broken a record-breaking record and is still unstoppable. LocalBitcoins, the peer-to-peer crypto exchange, witnessed one of the three largest weeks with a BTC volume of $ 1.42 million last week.
Bitcoin Helps China Overcome Barriers
The highest weekly volume in LocalBitcoins’ Hong Kong subsidiary was $ 1.53 million in December 2017, followed by a $ 1.51 million weekly volume in January 2018. The Hong Kong protests, which have been cited as birisi one of the biggest uprisings of the last 50 years, actually have been going on since June and it is not known exactly when this will end.
In fact, Bitcoin comes to the rescue of people in exactly these situations and comes out with a real use. Although the Chinese government can block transfers of capital protesters to many protesters or Chinese citizens who support protesters, this is not the case for BTC.