Digital asset adoption rises as Asia’s wealthy investors pivot from US dollar holdings to crypto and gold.
Hong Kong leads with Bitcoin ETF approval and stablecoin rules as region sets global regulatory standard.
Private banks report growing demand for Bitcoin, stablecoins, and Chinese equities across Asia.
Digital assets are catching on fast among investors worldwide, with Asia leading the charge as wealthy individuals shift away from traditional US dollar-based portfolios.
According to the South China Morning Post, digital asset adoption is changing rapidly, especially with spot Bitcoin ETFs in the US now managing more than $120 billion. BlackRock’s iShares Bitcoin Trust (IBIT) leads the pack with over $65 billion in assets.
Stablecoin transactions hit $27 trillion in 2023, outpacing the combined yearly volume of Visa and Mastercard. This growth highlights what some analysts call the “Uncertainty Paradox”—digital assets have moved past their speculative roots and are now seen as tools for hedging and building new financial infrastructure.
“The appeal of ‘digital gold’ is clear,” noted analysts at Galaxy Digital, highlighting Bitcoin…
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