Consensus Emphasizes Digital Assets in Hong Kong

Hong Kong's Turn to Digital Assets

On the first day of Consensus, Hong Kong officials announced their shift towards digital assets. In the coming month, it is planned to issue stablecoin licenses and introduce new rules for perpetual contracts.

Key Themes of the Conference

Experts speaking at the conference expressed that cryptocurrencies are at the center of emerging trends such as the AI-powered “machine economy”. Hong Kong Financial Secretary Paul Chan predicted that AI agents could perform transactions on the blockchain.

Market Analysis and Investment Opportunities

Prominent figures in the finance world, Anthony Scaramucci and Tom Lee, urged investors not to focus on the recent price declines. Scaramucci set a target price of $150,000 for Bitcoin and emphasized that this value is contingent on United States laws. Tom Lee, on the other hand, described the current market conditions as a buying opportunity rather than a selling time.