A Newspaper known as Hong Kong tabloid Apple Daily belonging to the popular Hong Kong billionaire, Jimmy Lai, has in its recent edition published a political statement on Bitcoin. The development surfaced few weeks after Lai was arrested and released on bail by the Hong Kong authorities in relation to the ongoing tussle over the controversial security law.
The front page of the latest edition of Apple Daily featured a full-page advert tagged “Bitcoin will never ditch you” with a Cantonese that reads “It’s not you ditching me today. It’s me ditching you”, the advert is believed to be referring to the city banks because it was on record that they have been silencing their customers who had shown support for Hong Kong’s independence.
The advert in its later part reiterated that Bitcoin is available to anyone regardless of identity, gender or beliefs and that nobody can stop people from transacting on the network. Delving into the history of BTC, the advert explained that the time has come for the pioneer crypto coin to shine as it will be impossible for anything to shut it down.
Hong Kong as a city has been battling ill-effects government sanctions imposed on its citizens by the Chinese Government, and Lai’s arrest has further displayed the reality that the government would not hesitate to prosecute anyone who tries to publicly criticize China.
Nonetheless, it is surprising that despite the strict laws imposed on the Honk Kong citizens to deny them of their rights, some of them are finding relief in BTC.
Bitcoin would Force Bank to Speedy Bankruptcy Says Early Bitcoin Investor
Early Bitcoin Investor and founder of Heinberg Capital, Max Keiser, has declared that he is confident that the largest cryptocurrency by market cap will revolutionize the finance sector and force banks into speedy bankruptcy.
Keiser said BTC would force banks to fold up just the way COVID-19 has been forcing airlines to close up, the Heinberg Boss arrived at his assertion after making judicious observations of how investors have been buying into the cryptocurrency idea and the speed with which the noble coin has been moving.
The investor pointed out that recent decision by Buffet on Gold is an indication that the billionaire might have likely sighted an approaching negative interest rate and had taken the decision to move his holdings out of the banking sector to be on the safer side.
