By Nermeen Nabil Khear 
This bold move is part of Hong Kong’s New Capital Investment Entrant Scheme.
It allows prospective applicants to include leading cryptocurrencies as part of the required net worth to apply.
Hong Kong Embraces Bitcoin as Proof of Wealth
For anyone wanting to move to Hong Kong, the bar is set at $3.8 million. Now, that wealth can include your digital assets. This change reflects Hong Kong’s forward-thinking approach. It embraces the growing importance of cryptocurrency in the global financial landscape.
Under the new rules, applicants can use Bitcoin and Ethereum as verifiable proof of their assets. This marks a major leap for an asset class often met with skepticism by traditional finance. Allowing cryptocurrencies as proof of wealth, Hong Kong sets an example for others to follow.
Hong Kong confirms Bitcoin and Ethereum can be used as proof of assets for their new investment visa
pic.twitter.com/C0dqjbx10F
— Quinten | 048.eth (@QuintenFrancois) February 11, 2025
Entering 2025, the value of cryptocurrencies has soared. Bitcoin grabbed headlines last year by hitting six figures, solidifying its “digital gold” status. Ethereum’s smart contracts are revolutionizing finance and technology, gaining momentum.
More About Bitcoin
Bitcoin exchange reserves have dropped to a 3-year low, sitting at just 2.5 million BTC, signaling a potential supply crunch on the horizon. As demand for Bitcoin surges, particularly with growing interest in Bitcoin ETFs, fewer coins are available on exchanges. This reduction in supply limits the amount of Bitcoin available for trading.
BULLISH: #Bitcoin exchange reserves hit a 3-year low at 2.5M $BTC, supply crunch incoming as ETF demand soars. pic.twitter.com/EXW2llTkFo
— Cointelegraph (@Cointelegraph) February 11, 2025
This reduction in supply could drive up prices as investors scramble to secure the limited Bitcoin available. The shrinking reserves highlight increasing confidence among holders. Many are opting to store their BTC in private wallets rather than sell, further tightening the market. With ETF demand climbing, all signs point to rising pressure on Bitcoin’s supply.
Disclaimer
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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