In a significant shift in global financial strategy, Hong Kong and Germany are actively considering the inclusion of Bitcoin in their national reserves, echoing the US’s progressive stance on cryptocurrency.
Meanwhile, the crypto market buzzes with excitement over iDEGEN, a new memecoin that has successfully raised over $10.6 million in presale, promising dynamic pricing and AI-driven community engagement.
Hong Kong and Germany eye strategic Bitcoin reserves
The race to establish strategic Bitcoin reserves is heating up with Hong Kong and Germany joining the fray.
In Hong Kong, legislators are pushing for the integration of Bitcoin into the city’s Exchange Fund, leveraging its “One Country, Two Systems” policy.
Wu Jiezhuang, Chairman of Hong Kong’s Web3 Virtual Asset Development Subcommittee, has suggested this move could help maintain financial security in a volatile crypto market.
Hong Kong’s crypto-friendly environment is further highlighted by its listing of 12 cryptocurrency-linked ETFs, valued at HK$7.4 billion, indicating its readiness to embrace digital assets.
There’s also speculation that Hong Kong might convert China’s reported 190,000 Bitcoin holdings into ETFs, which could significantly impact the local and global crypto markets.
In Germany, former Finance Minister Christian Lindner has called for the European Central Bank (ECB) and the Bundesbank to consider Bitcoin reserves.
This proposal comes as a response to the US’s recent policy shifts under the new Trump administration, where there’s talk of including cryptocurrencies in national reserves.
Lindner has emphasized that Europe should not lag in this crypto race, suggesting a potential examination of crypto assets as part of central bank reserves in Frankfurt.
This global movement towards Bitcoin reserves isn’t limited to these regions; even Russia is contemplating similar measures amidst international sanctions, while Japan, for now, has decided against it.
The US has also seen states proposing to hold a portion of their reserves in Bitcoin, with Wyoming’s Senator Cynthia Lummis vocal about accumulating over 1 million Bitcoins for a national strategic reserve.
iDEGEN: the new memecoin set to list on exchanges in January 2025
As nations contemplate launching strategic Bitocin reserves, iDEGEN is emerging as a notable player in the meme coin sector.
Launched on November 26, 2024, it has already raised over $10.6 million in its presale phase, selling more than 1.131 billion tokens.
At the heart of the current hype around the memecoin is that it employs a unique pricing strategy where prices adjust every five minutes based on market activity, potentially offering a 5% price swing.
This model is particularly appealing to traders who enjoy navigating volatile markets.
Besides the ongoing dynamic presale, iDEGEN uses AI to adapt based on community feedback on X, fostering a more interactive and responsive environment.
This not only enhances community loyalty but also positions iDEGEN as more than just a speculative asset.
With an expected listing price 10% above the final presale price, early investors are looking at immediate gains.
Speculation is rife that iDEGEN could achieve up to 10x gains by the end of the first quarter of 2025, fueled by its current momentum and the shift in investor interest away from traditional cryptocurrencies facing regulatory issues.
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