The demand for bitcoin in Hong Kong is growing every day, as the protesters want the privacy of their transactions to avoid becoming the object of persecution by law enforcement.
Bitcoin traded at a premium to TideBit
At the time of writing this post bitcoin price on the popular Hong Kong crypto currency exchange TideBit was $12 500, which is about $1100 higher than the average figure presented on CoinMarketcap.
Thousands of people take to the streets of Hong Kong for a peaceful protest in which police intervened. Protesters use lasers to break through the clouds of tear gas and police cordons and the police are trying to arrest the instigators of such attacks. Now the protesters are young people strive to hide their identity, which also means complete anonymity of their transactions.
The demand for bitcoin in Hong Kong is growing rapidly
The connection of events in Hong Kong with bitcoin is not an accident. The anonymity of bitcoin transactions apparently liked the protesters, and they use them for their daily lives, so that the police could not pull them up on financial activity.
Over the past two months the price of bitcoin in Hong Kong has grown for several reasons. In addition to such factors as interest rate reduction, the fed, the trade war the United States against China and the upcoming halving in may 2020, the price of bitcoin in Hong Kong has grown due to the increase in the number of protesters in the country.