If this was given the go-ahead, how wise would it be to migrate to Hong Kong?

As the article suggests, it might prove tempting for some though.

Bitcoin Under Consideration for Hong Kong's Investment Immigration Program

After nearly an eight-year hiatus, Hong Kong has revived its investment immigration scheme with an updated entry threshold of approximately US$3.84 million, aiming to attract family offices and wealthy individuals.

In a departure from previous iterations, real estate investment is excluded from the "Capital Investment Entrant Scheme" - aligning with wider regulatory changes concerning digital assets. Legislator Duncan Chiu has proposed allowing Bitcoin purchased through licensed Hong Kong exchanges to qualify under the program, underscoring the region's progressive stance on virtual currencies.

By enhancing its attractiveness to global wealth, Hong Kong is competing with established family office hubs like Singapore and Dubai. With over 1,000 family offices, Singapore sets a high benchmark that Hong Kong aims to meet or exceed through policy incentives and political stability.

As the geopolitical climate evolves, Hong Kong is positioning itself as a safe haven for Middle Eastern wealth by deepening business ties in the region. The goal is not just increasing family offices, but encouraging substantive investment to boost the local economy. With targets to establish or expand 200 family offices by 2025, Hong Kong remains optimistic about its appeal to the world's elite.