The renowned Hong Kong newspaper Apple Daily ran a front-page ad for Bitcoin following the arrest of billionaire Jimmy Lai.
Chinese government critic Jimmy Lai was taken into custody in early August. On Monday, August 24, one of his publications, with a daily traffic of 500 thousand users, criticized traditional banks. Apple Daily offers Bitcoin as an alternative.
“Bitcoin will never leave you. Banks, it is not you who are leaving me today, it is me who is leaving you,” reads the inscription on the front page of the publication.
The following are the key advantages of cryptocurrency over traditional financial methods.
“Bitcoin is a digital asset that isn`t issued or controllable by banks or corporations. No one can block you from making a transaction on the network, and the transaction itself cannot be turned off. Bitcoin is open to everyone regardless of nationality, belief, or gender. Bitcoin started with the first genesis block in the midst of the 2009 financial crisis. Now it`s time has come,” writes Apple Daily.
Bitcoin’s popularity in Hong Kong has surged amid protests last year. Then the rate of the first cryptocurrency on LocalBitcoins in the region exceeded the market average by $300.
This is not the first time in a month that information about Bitcoin has reached a wide audience. In early August, digital asset management company Grayscale Investments launched an American TV advertisement for its crypto funds.
