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Hong Kong protestors are neglecting banks and choosing Bitcoin {BTC}; Litecoin {LTC} founder optimistic about Casa

Bitcoin

More than 100,000 marched in a peaceful and orderly manner, demanding the resignation of Carrie Lam and removal of the extradition bill. During the course of the past 10 weeks, the cops and the dissenters have fought at various locations.

Huge numbers of protestors are withdrawing their funds [and emptying their bank accounts] and choosing U.S. dollars. A while back, the Hong Kong Free Press editor-in-chief declared that the independent agency accepts donations in the form of Bitcoin and Bitcoin Cash.

Carrie Lam, the Chief Executive of Hong Kong, seems to be siding with her communist bosses in the mainland. Ever since the arrival of Xi Jingping, journalists have mysteriously disappeared and violations of human rights have become common. Residents of Hong Kong wish to avoid such a dire fate.

The thing is, the citizens of HK are influenced by capitalism and believe in the free market. And Xi cannot tolerate dissent, just like the Greatly Flawed Mao Zedong [Mao was responsible for millions of deaths]. The extradition bill needs to be struck down if the Government of China hopes to appease the people.

According to a report published by Business Insider, more than 300 protestors have withdrawn their funds till now. This number will only rise in an exponential manner with the passage of time.

As you can see, Charlie Lee, the creator of Litecoin [and ex-engineer at Coinbase] is an early-investor in Casa. Lee has always been a fan of Bitcoin and was greatly inspired by first-generation blockchain technology.

Bitcoin is the king coin of the market. Currently, the coin is fluctuating, as it climbed slightly at a rate of 0.07%. The trading volume recorded is $13.618 billion, while the supply has 17,883,087 BTC coins in play. The total market cap of Bitcoin is $185.695 billion. As of this moment, BTC is priced at $10,384.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.