Experts estimate China’s likely impact on bitcoin value

The prospect of opening up access to Hong Kong spot bitcoin ETFs to investors from mainland China has caused a wave of speculation among members of the crypto community.

on April 30, Hong Kong launched exchange-traded funds for bitcoin and Ethereum. Despite the small trading volume, Hong Kong’s geographical and economic proximity to China has increased the prospects for cross-border investment in cryptocurrencies. Richard Byworth, managing partner at SyzCapital and a well-known crypto investor, recently hinted at a key development. Speaking to Samson Mouw, he mentioned the current discussions about including a spot bitcoin ETF in the Stock Connect program.

«I just got back from Hong Kong. There is talk that ETFs may be added to the Stock Connect program. Theimplications of this could be huge. [Це] basically means that money from mainland China can buy ETFs,» Byworth said.

Despite China’s strict anti-cryptocurrency policy, Byworth’s comments gave investors hope. Brian HongJong Park, co-founder and COO of SmashFi, shared this opinion. He emphasized the need for alternative assets in China amid real estate problems.

Park noted that with significant capital frozen in underutilized real estate, the Chinese Communist Party may look favorably on the available investment diversification options.

Analysts at Bernstein also reiterated their bullish stance on the price of the WTC. Gautam Chhugani and Mahika Sapra predict that BTC could reach $ 150,000 by the end of 2025. Given the possible easing of regulations in China, strategic financial moves in Hong Kong, and positive market analysis by experts, this is expected to have a significant impact on the price dynamics of the main cryptocurrency.