• Bitcoin has a sense of stability at $30,000, but how long will that last?
• Crypto exchange Bitget is targeting Web3 startups with its $100 million fund.
• A number of East Asian countries have been promoting crypto as Hong Kong eases crypto regulations.
Bitcoin Price Stability
Bitcoin is currently trading at around the $30,000 mark, giving it a sense of stability. However, this may not last for long and investors should remain cautious about the future price movements of Bitcoin.
Crypto Exchange Fund
Crypto exchange Bitget has launched a $100 million fund targeting Web3 startups in response to the increasing interest in blockchain technology across Asia. This comes as Hong Kong eases its crypto regulations and other East Asian countries are actively promoting cryptocurrency usage.
Alex Thorn at Consensus 2023
Head of Firmwide Research Galaxy Alex Thorn will be speaking on “Bitcoin and Inflation: It’s Complicated” at Consensus 2023 later this year. Those interested can secure their seat now by visiting the website linked in the article above.
The Future Of Crypto In Asia
As governments in Asia become more accepting of crypto, we can expect to see more initiatives like Bitget’s fund being launched in the coming months and years from both private companies and public institutions alike. This could provide a huge boost to the region’s digital economy and set up an attractive environment for blockchain-based projects to succeed.
Conclusion
The current state of Bitcoin’s price provides some stability but investors must remain cautiously optimistic about future trends in order to protect their investments. Furthermore, initiatives such as Bitget’s fund show that Asian countries are increasingly open to blockchain technology and cryptocurrency adoption which could lead to new opportunities for entrepreneurs in these areas over time.