Post
Topic
Board Economics
Re: I'm afraid of the crypto craze in Korea.
by
jrrsparkles
on 02/04/2021, 15:50:15 UTC
I'm also a crypto industry worker, but these days, the Korean crypto market seems to be really too dangerous. It is becoming more speculative than investment, very concerned. Along with the frenzy of cryptos following real estate and stocks, the gap between the rich and the poor is getting wider and wider, and this seems to flow in the opposite direction to the value we hoped for through bitcoin, which is very frustrating.
Price of bitcoin on their local exchanges is getting more expensive which is actually bad for the rich people there since people can register on those exchange can make profits from those price difference. Crypto market has no borders so everyone who is having money can invest and reap their profits.