NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Hong Kong Protests Continue Fueling Money Flight, Will it Affect Bitcoin?

Samuel Wan
Samuel Wan
5 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Anti-government demonstrations entered their eleventh week with a defiant march in Hong Kong’s Central district on Sunday. The threat of violence and civil unrest has led to increasing uncertainty over the city’s future. And anxious residents are responding by moving money out of Hong Kong, a move that could increase the inflow into bitcoin.

Hong Kong Protestors Show No Sign Of Backing Down

Hong Kongers braved torrential rain on Sunday to protest against the erosion of democracy in the Special Administrative Region.

The police had earlier denied plans for a demonstration around Central, the heart of the business district and close to the central government buildings. Instead, granting permission for protests to stay in Victoria Park, some two kilometers away.

But, in a show of defiance, and at the risk of imprisonment, protestors soon spilled out into nearby streets and headed west towards Central regardless.

Organizers claim 1.7 million people took part, but the Hong Kong Police say the actual figure was closer to just 128,000.

Stock & Property Markets Jittery Amidst Tensions

Widely known as the jewel of Asia, the recent social disorder in Hong Kong has relegated it to a city in turmoil. And money continues to pour out as investors, and everyday people, become increasingly uncertain about its future.

Numerous videos are circulating on social media that expose the strength of feeling amongst Hong Kongers. And it doesn’t look like anti-government sentiment will go away anytime soon. Indeed, one protestor said:

“It’s a torture just to turn up, frankly. But we have to be here because we have no other choice. We have to continue until the government finally shows us the respect that we deserve.”

Since the start of the unrest, business and tourism in the region have suffered. As have the stock and property markets, which are becoming increasingly jittery in the face of rising tensions.

Heightened Social Disorder Causing Uncertainty And HKD Flight, How Would it Affect Bitcoin?

And with that, the general feeling of unease is leading many residents to consider alternative provisions. Which, according to TransferWise, a London-based online money transfer service, has seen a significant rise in outflows from Hong Kong since the start of the protests.

And this is a move echoed by pro-democracy activist, Chen Haotian, who does not believe mass marches will have the desired effect. Instead, he called on Hong Kongers to target the financial system by withdrawing all bank deposits.

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 (@PrisonPlanet) August 15, 2019

Speaking to China Press, Haotian shared stories about the inhumane treatment of protestors at the hands of government officials, and in the face of increasingly totalitarian tactics, he said:

“I want to make it clear to the regime how they treat our brothers and sisters today…These hate hate, we will remember very clearly. I am telling you now: The Chinese government and the Hong Kong government, we have to fight with you…”

Not only that, but many see this as a way for Bitcoin, and other cryptocurrencies, to gain a further stronghold in Hong Kong. Indeed, localbitcoins.com has seen a spike in volume of late, lending credence to this way of thinking.

And as demonstrated across multiple situations now, Bitcoin has shown itself to be a constant in times of anarchy.

Tweet123Share220ShareSend
Samuel Wan
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

Bitcoin held its ground as US President Donald Trump’s “One Big Beautiful Bill” passed the Senate late Monday narrowly by 51–50...

Christian Encila 4 hours ago
Bitcoin

Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

Bitcoin (BTC) is now 195 days into its latest sideways movement, which is part of a broader two-year stretch marked...

Scott Matherson 5 hours ago
Bitcoin

Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over $107,720?

Bitcoin is at a pivotal point, and the weekly close could define its next move. To confirm bullish continuation and...

Sandra White 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin

Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising

Ash Tiwari 14 minutes ago
Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Samuel Edyme 1 hour ago
Bitcoin Price Surges Toward $110K

Bitcoin Price Surges Toward $110K — Will It Finally Stick the Landing?

Aayush Jindal 3 hours ago

Premium Sponsors

Press Releases

  • 1 Najlepšia kryptomena na kúpu predtým

    1 Najlepšia kryptomena na kúpu predtým, než vzrastie o...

    6 hours ago
  • O criptomonedă de top de cumpărat înainte să crească...

    6 hours ago
  • Szukasz najlepszych kryptowalut do zakupu w 2025 roku

    Szukasz najlepszych kryptowalut do zakupu w 2025 roku? Oto...

    8 hours ago
  • Best Crypto Payment Gateway for Trading in 2025

    11 hours ago
  • 仮想通貨プレセールで1.45百万ドル調達-人為的ミスを排除し次の100倍を目指す新鋭トークン

    ...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.