Recapping day 1 of Consensus Hong Kong
Summary
The first day of Consensus Hong Kong concluded with Hong Kong leaders, including the chief executive and financial secretary, outlining plans to bolster the region's digital assets economy. Key announcements included the imminent issuance of stablecoin licenses next month and the publication of a framework for perpetual contracts. Financial Secretary Paul Chan highlighted the potential of AI agents transacting with digital assets in a future "machine economy." Industry figures shared their outlooks: Skybridge Capital's Anthony Scaramucci maintained his $150,000 Bitcoin prediction, contingent on U.S. legislation passing, while Consensys' Joe Lubin emphasized Ethereum's anti-fragility as a foundation for DeFi. Gibraltar's minister for justice, Nigel Feetham, stressed the importance of market integrity for smaller jurisdictions. Speakers also commented on recent market action, with Tom Lee advising to look for opportunities, and Jordi Alexander calling gold a "meme."
(Source:CoinDesk)