A new wave of protests in Hong Kong has sparked hopes in the crypto community about the demand for Bitcoin. Unfortunately, many crypto-enthusiasts have pointed out that the popularity of cryptocurrencies is still very low.
The protests in Hong Kong have lasted more than four months. They were triggered by a bill that allows the extradition of those accused of crimes to be extradited to mainland China for trial. People were worried that the city’s judicial independence could continue to be eroded if such a plan came into effect.
Hong Kong protesters blocked the city’s airport
Hong Kong protesters took to the streets last weekend and closed the city’s airport. At the same time, there were some violent conflicts with the police, which resulted in injured protesters.
Political activist Chen Haotian proposed a so-called “bank run” last week. He urged Hong Kong citizens to withdraw all their money at the same time from the banks to cause an economic crisis.
Prominent Hong Kong pro-independence political activist Chen Haotian has called for a run on Chinese banks, asking that everyone withdraw their money on the same day.https: //t.co/R6wborHhHB
– Paul Joseph Watson (@PisonPlanet) August 15, 2019
Crypto-enthusiasts felt that such a move could cause people to invest in Bitcoin. Unfortunately, local cryptocurrency users have pointed out that the popularity of Bitcoin and other cryptocurrencies is still very low.
After all, Hong Kong has not experienced a “bank run”, and the price of Bitcoin has fluctuated very little in recent days. Currently, cryptocurrency is trading at around $ 10,700, an increase of $ 600 compared to Friday.