Bargain hunting? Hong Kong retail investors snap up bitcoin amid crypto crash

Bitcoin’s collapse has prompted some retail investors in Hong Kong to snap up the world’s largest cryptocurrency after its value fell by more than half from its peak.According to crypto asset data tracker CoinGecko, the price of Bitcoin slumped to almost US$60,000 on Friday morning, Hong Kong time, less than half its historical high of US$124,000 in October 2025.The slump also erased US$2 trillion from the overall digital asset market over the period.On Friday afternoon, dozens of residents were seen queuing at cryptocurrency shops at Admiralty Centre, handing piles of cash over the counter to buy Bitcoin.Among them was local investor Jacky Lam, a clerk in his 30s, who bought Bitcoin worth HK$47,600 (US$6,090) in the afternoon.“It is a good price now,” Lam said. “Holding it for several years and I think the price will rebound.”