Bitcoin Handbag | What is Bitcoin? Playing games?
Bitcoin Handbag | What is Bitcoin? Playing games?
Looking back at 2025, Bitcoin historically broke through the US$120,000 mark and then surged to a record high of around US$126,000 in October, briefly ranking among the top five global assets by market capitalization and officially cementing its status as a "mainstream asset." However, it subsequently retreated from that peak to about US$64,000, further highlighting its highly volatile nature. Nevertheless, this price volatility has not shaken Bitcoin's long-established financial standing. Once widely questioned, Bitcoin is now increasingly accepted by major financial institutions and governments, with its position becoming ever more solid. So what exactly is Bitcoin? What are its key features? How can you buy Bitcoin in Hong Kong? And what are the latest trends and market news surrounding Bitcoin? This article will provide a detailed explanation.
What is Bitcoin? Why has it become "digital gold"?
Bitcoin is a cryptocurrency created by Satoshi Nakamoto in 2009. As the world's first decentralized digital asset, its core characteristics have established its unique position in the virtual economy. The following are the four key features that underpin its value and market influence:
The four core attributes that underpin the value of Bitcoin:
Decentralized architecture: Operates via blockchain technology, eliminating the need for traditional financial institutions or government oversight and enabling peer-to-peer (P2P) transactions.
Scarcity design: The total supply is capped at 21 million coins, and the deflationary mechanism gives it the characteristics of "digital gold," making it resistant to devaluation.
Security and Transparency: By leveraging the anonymity provided by cryptography and the public ledger nature of blockchain, transactions are ensured to be tamper-proof and fully traceable.
Globalization of applications: Breaking down geographical barriers, digital assets are increasingly being accepted as payment instruments or investment products, thereby facilitating cross-border financial activities.
Bitcoin Price Trends and Market Analysis (Latest in 2026)
Futu providesBitcoin instant quoteservice, allowing you to stay up-to-date with the latest quotes for BTC/USD, BTC/HKD, and more. The "Price Alert" feature on the Futubull App is especially important for cryptocurrency investors, because the Bitcoin market never closes—there's no way we can monitor it around the clock. Simply tap the small bell icon next to the trade and set your desired price. That way, even while you're at work, as soon as the price is triggered, your phone will immediately pop up a notification, so you don't have to keep the app open all the time to accurately seize the entry opportunity and avoid missing out on market movements.
Feng Wenhui, Senior Analyst at Futu SecuritiesIt points out that by 2026, the Bitcoin market has moved beyond mere retail speculation and entered a "new institutional normal." Future price drivers will include:
Regulatory compliance is being put into practice: the U.S. GENIUS Act, the EU's MiCA, and Hong Kong's Stablecoin Ordinance are removing barriers to the entry of large institutional investors, such as pension funds, into the crypto space.
ETF fund flows: Funds are shifting from direct coin holding to ETFs, increasing the correlation between Bitcoin and U.S. stocks (especially tech stocks) and narrowing the volatility relatively.
Practical application scenarios: The development of RWA (real-world asset tokenization) and AI payments provides underlying value support for Bitcoin.
Expert Opinion: In a market dominated by institutions, it is increasingly difficult to "catch the bottom" in a single move. Feng Wenhui recommends that investors adopt dollar-cost averaging (DCA)—making regular, fixed-amount investments—to mitigate the risk posed by price volatility at any given moment.
Feng Wenhui is a licensed person with the China Securities Regulatory Commission (CE No.: BOD280), and neither she nor any of her associates holds any financial interest in the issuer of the aforementioned recommended shares.
How to play Bitcoin
1. Bitcoin spot: If you want to hold Bitcoin directly, investing in spot Bitcoin trading is the most straightforward option. In Hong Kong, there are already licensed securities firms that provide virtual asset trading services (such as Futu), where you can directly use fiat currencies like Hong Kong dollars or U.S. dollars to buy Bitcoin. However, the entry threshold for spot Bitcoin is relatively high, and investors need to bear significant price volatility, making it suitable for those who have a certain understanding of cryptocurrencies.
Unlike traditional Hong Kong and U.S. stock markets, the cryptocurrency spot market has no designated opening or closing hours—trading is available 24/7, year-round!
Besides directly investing in Bitcoin spot, there are otherBitcoin gameplay：
2. Bitcoin ETF: If you find that directly trading spot Bitcoin is too risky and volatile, a Bitcoin ETF might be a more accessible option. Spot ETFs closely track the market price of Bitcoin, while futures ETFs follow the performance of futures contracts; both allow indirect exposure to the Bitcoin market while lowering the entry barrier and risk associated with holding Bitcoin directly. Bitcoin ETFs typically require lower initial investments and offer higher liquidity, making them particularly suitable for novice investors who are new to Bitcoin.
3. Bitcoin concept stocks: Another approach is to invest in Bitcoin-related concept stocks, such as blockchain technology companies, Bitcoin mining companies, or payment tool/financial companies. The prices of these stocks are often correlated with the Bitcoin market, but they are also influenced by the companies' own operating conditions. Therefore, their volatility may be lower than that of directly holding Bitcoin, making them suitable for investors who want to participate in the Bitcoin market without having to face the sharp price fluctuations of the cryptocurrency.
4. Bitcoin derivatives: As for more experienced investors, they can pay attention to Bitcoin derivatives such as futures and options. These financial instruments offer leverage, which can be used not only for risk hedging but also for high-risk, high-return speculation. However, the derivatives market is highly complex, so investors need to choose carefully when investing.
Bitcoin ETF
Here we introduce something more accessible.Bitcoin ETF, The biggest advantage of a Bitcoin ETF is that investors can participate in cryptocurrency investment through the stock market without having to hold Bitcoin directly. In terms of the capital threshold, as of January 15, 2026, the spot price for holding one Bitcoin directly is nearly HK$750,000, which is a substantial entry fee. With Futubull, you don't need to hold one Bitcoin directly; you can buy as little as 0.0003 of a Bitcoin, with a minimum investment of just USD 10 to get started! Alternatively, you can also choose a Hong Kong-listed Bitcoin spot ETF, which, based on the closing price on the same day, has an entry threshold as low as about HK$741.5, offering greater flexibility in capital utilization!
In view of the high volatility of cryptocurrencies, Futubull supports the "Monthly Investment ETF" feature and offers a commission-free trading privilege for Hong Kong stocks for life. Investors can use the dollar-cost averaging method to make phased investments, effectively smoothing out their holding costs and avoiding excessive risks caused by chasing prices at a single high point.
Hong Kong Bitcoin ETF
PurchaseHong Kong Bitcoin ETF, namely the Bitcoin ETF in the Hong Kong stock market, with an entry fee as low as HK$741.5!
Hong Kong Stock Market Bitcoin Spot ETF | Closing price | One-time entry fee |
7.415 | $741.50 | |
11.87 | $1,187 | |
11.78 | $1,178 | |
Hong Kong-listed Bitcoin futures ETF | Closing price | One-time entry fee |
31.88 | $1,594 | |
31.48 | $3,148 |
Eligibility criteria: All Hong Kong Bitcoin spot and futures ETFs available on the Futu platform. Data as of the closing price of Hong Kong stocks on January 15, 2026.
U.S. stock Bitcoin spot ETF
U.S. asset management firms, such as Blackrock and Fidelity, directly purchase and hold physical Bitcoin as the underlying asset, which is stored by custodians regulated by the U.S. Securities and Exchange Commission (SEC). Spot ETFs closely track spot prices, eliminating the need for investors to bear futures roll-over costs, making them suitable for long-term holding. In January 2024, the SEC officially approved 11Bitcoin Spot ETF (U.S. Stocks)。
U.S. Bitcoin Futures ETF
Investing in futures ETFs does not involve directly holding Bitcoin; instead, it tracks the price by investing in Bitcoin futures contracts listed on the CME Group, which may or may not closely track the price of Bitcoin. Since Bitcoin futures contracts have fixed expiration dates, they must be rolled over (i.e., replacing the expiring contract with a later-dated one) upon expiration, which incurs futures trading fees and rollover costs. Futures contracts are leveraged instruments that carry certain risks and are currently only suitable for professional investors (PI).
U.S. Bitcoin ETF Options
U.S. Bitcoin ETF options are derivative products that require combining futures positions with options strategies, such as selling call options (covered calls). The investment strategies are more complex and the risks are also higher. Like Bitcoin futures ETFs, they are currently only available to professional investors (PI).
Latest Bitcoin News
The cryptocurrency market is extremely sensitive to news; even a single regulatory announcement or the movement of a major whale can cause sharp price swings in a short period. In the past, investors often had to monitor discussion forums and other news sources simultaneously, constantly switching between apps and experiencing information lags, which led to missed opportunities to enter the market at the optimal time. Futu's "24-Hour Bitcoin Breaking News"Service that provides round-the-clock monitoring of cryptocurrency market dynamics, enabling you to seize market opportunities at any moment! You can instantly gauge trends based on real-time news and swiftly place orders directly from the quote page, giving you a significant edge in capturing short-term price swings."
Bitcoin trading platform is good
Futu, asBitcoin trading platform, isHong Kong Securities and Futures CommissionA licensed and authorized corporate entity that provides compliant virtual asset trading services.
Futu's biggest advantage is that it supports direct settlement in Hong Kong dollars and U.S. dollars, so investors don't need to convert their funds into USDT first, thereby avoiding exchange rate risks and cumbersome procedures. Currently, trading Bitcoin (BTC) and Ethereum (ETH) spot products enjoys a $0 commission offer, with a low entry threshold of as little as HKD 80 or USD 10.
In addition to spot trading, the platform also offers one-stop Bitcoin ETF, concept stock, and options trading*, coupled with the "coin storage" feature for more flexible fund allocation to meet the needs of different investors. *Some features are only available to professional investors (PI).
How to Buy Bitcoin on Futu
Want to buy coins at a low cost? Futu currently offers $0 commission for Crypto trading. Opening an account online takes as little as 3 minutes, and new customers can enjoy a welcome reward of up to 1,600 Bitcoin!Open an account now
[Limited-time Event] Every Wednesday, you can also participate in the Lucky Day event for a chance to receive extra free Bitcoin!Learn Now
*Offers are subject to terms and conditions.
Simply follow these 4 easy steps to,Futu buys Bitcoin：
Step 1: Open an account and activate the crypto trading feature
If you're a brand-new customer, head over to the Futu website to register a new account, open a Futu integrated account, and deposit HK$10,000! Currently, new customers can receive up to $1,600 worth of Bitcoin upon account opening by completing designated tasks.Enjoy an additional $150 reward！Open an account now*This promotion is subject to the terms and conditions.After successfully opening your account, activate the crypto trading feature by going to the "Account" page, tapping "Cash Comprehensive Account," and then selecting "Account Management" under "More." Immediately "Activate Trading Instruments," and then go to the "Not Activated" section to select "Cryptocurrencies."
Step 2: Assessment Testing
Before you can activate a cryptocurrency account, you must complete a "Virtual Asset Risk Assessment, Virtual Asset Position Limit Assessment, and Virtual Asset Knowledge Test," as well as identity verification. After submitting your application, the activation process typically takes about five minutes; upon successful activation, you will receive a system notification and an email.
Step 3: Transfer Funds to Cryptocurrency Account
Before trading cryptocurrencies, please take the time to transfer funds to your crypto account. Go to the "Account" page, tap "Cash Comprehensive Account – Cryptocurrency," select "Inter-Account Fund Transfer," choose the currency type and enter the amount, and once the funds are credited, you can start trading.
Step 4: Execute the Trade
If you want to buy Bitcoin, you need to click [Market] - [Cryptocurrency], select [Bitcoin], click "Trade" in the lower left corner, and you can start trading.
