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The big move in Hainan makes me think of the past events with Huobi.
Do you remember 2018? Huobi built a skyscraper in the Hainan Free Trade Zone, very close to Baidu. At that time, everyone thought that the country was finally going to loosen up on the crypto industry. But what happened? The dream ended, and everything became a mirage.
Now, with the new round of quarantine policies in Hainan being announced, many are speculating: can this move shake Singapore's position as the global blockchain industry hub? After all, Singapore has attracted a large number of exchanges and Web3 projects in recent years, becoming a solid crypto center in Asia.
There's also something I've always been curious about—those guys who won Bitcoin in the 2019 lottery, are they still holding their coins? The price has multiplied several times since then, with different choices and different stories.