Bitcoin Asia Conference in Hong Kong Shines Spotlight on China’s Growing Curiosity Despite Cryptocurrency Ban

Bitcoin Asia, a cryptocurrency conference held in Hong Kong last week, attracted over 5,500 attendees, with half of them coming from mainland China. Despite the Chinese government’s crackdown on crypto, the high attendance from Chinese investors shows a continued interest in the industry. The conference was organized by BTC Inc., the company behind the famous Bitcoin Conference in Miami. Notable speakers included Benjamin Yi, the executive chairman of Riot Platforms, James Check from Glassnode, and Kevin Zhang from Foundry. The CEO of BTC Inc., David Bailey, believes that Hong Kong serves as a conduit for Chinese investors to access the crypto market. Hong Kong’s friendly regulations and the recent launch of Ethereum and Bitcoin spot ETFs make it an attractive destination for investors. Although Hong Kong’s ETFs have not gained as much interest as their US counterparts, Bailey believes that the city has the potential to become a significant player in the crypto ETF industry. Despite the initial setbacks, Han Tongli from Harvest Global Investments sees great potential in Hong Kong’s ETFs.