Amid Hong Kong shares’ persistent hunch, Gao Juan, CEO of Victory Securities and Chairman of the Hong Kong Securities Affiliation, is advocating an unconventional strategy involving Bitcoin to rejuvenate the struggling market. In an unique interview, she underscores the urgency of embracing Bitcoin and advocates for a complete overhaul of conventional practices.
Market Challenges & Bitcoin Adoption
Hong Kong’s securities trade is at a crossroads, grappling with hovering regulatory prices and cutthroat competitors. In the meantime, Gao Juan contends that the trade’s survival hinges on adapting to rising developments, with Bitcoin rising as a beacon of hope.
In a current interview, she proposes a twofold strategy – urging the Hong Kong authorities to align itself with world monetary shifts by lowering inventory stamp duties and embracing the transformative potential of Bitcoin. As well as, Gao Juan emphasizes that the important thing to unlocking income lies in understanding and adapting to evolving investor preferences.
Notably, in a panorama the place conventional investments face headwinds, she sees high-interest merchandise and digital property as avenues to draw and retain buyers. In the meantime, the decision to decrease inventory stamp duties aligns with world practices, fostering a extra aggressive and engaging buying and selling surroundings.
Additionally Learn: Bitcoin Whales Reshuffle 14.5K BTC As Value Slips Under $42K, What’s Subsequent In 2024?
Victory Securities’ Strategic Transfer Into Digital Belongings
Amid market challenges, Victory Securities isn’t merely advocating change however actively embracing it. Notably, the corporate has launched into a journey into digital property, permitting skilled buyers to commerce Bitcoin and Ethereum by means of its platform.
In the meantime, Chen Peiquan, Government Director of Victory Securities, unveils formidable plans for the approaching 12 months, aiming to combine inventory and digital asset platforms. As well as, Chen Peiquan notes that for the reason that introduction of digital property, Victory Securities has skilled exponential development. Based on the report, the agency attains a median month-to-month turnover of $10 million, of which Bitcoin contributes about 80% of the whole worth.
As well as, as the corporate positions itself for the upcoming Bitcoin halving and potential rate of interest cuts, it anticipates a sturdy digital asset market, significantly in Bitcoin. Victory Securities goals to evolve right into a one-stop platform, simplifying the funding course of for shoppers and tapping into the burgeoning curiosity in digital property.
In the meantime, regardless of the current hunch amid the vacation pause, the Bitcoin worth added practically 150% YTD, buying and selling close to the $42,000 mark.
Additionally Learn: Ark Make investments Sells Coinbase (COIN) Shares Forward Spot Bitcoin ETF, Cathie Wooden Bearish?
The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
✓ Share: