Hong Kong residents choose Bitcoin over real estate
Date: 2025-01-30 Author: Oliver Abernathy Categories: IN WORLD
A study conducted by Futu Securities has shown that young Hong Kong residents aged 20 to 35 are increasingly choosing cryptocurrencies over buying their own homes. According to the survey, they trust digital assets three times more than traditional real estate.
About 23% of participants noted that they feel more confident if their investment portfolio contains Bitcoin, rather than money that could go towards a down payment on a home. Let us remind you that such a payment is about 1 million Hong Kong dollars, which is equivalent to about $128,400.
Experts believe that this reflects a change in priorities in a society where real estate has always been considered a symbol of stability and success. The main reason is the attractiveness of cryptocurrency profitability. In 2024, Bitcoin rose in price by 125%, exceeding the $100,000 mark. At the same time, the real estate market could not offer even close rates of return.
Another factor in choosing cryptocurrencies was their ability to provide freedom and independence. The younger generation especially appreciates the transparency and inclusiveness that Bitcoin offers.
“Young people in Hong Kong are changing their approach to wealth creation, combining innovation with tradition,” said Vivienne Wong, a representative of HashKey Capital. She added that Bitcoin reflects the values of the younger generation, facilitating the transition to more modern financial strategies.
Thus, the interest in cryptocurrencies among Hong Kong youth has become a new trend that is gradually changing the investment preferences of the region’s residents.
