Add economic powerhouse South Korea to the growing list of countries adopting bitcoin at the national level.
This was a special election following a time of great political turmoil in the country. It was caused by the
impeachment of the former S. Korean president who attempted to declare martial law at the end of last year.
Now we are seeing more presidential candidates and those who have been elected so close to bitcoin that this is a pretty good move for bitcoin itself.
But is this a big move that they want to make or is it just a structured pattern that is done to get votes. South Korea has a pretty good concept of resource development and they are also one of the countries that provide the fastest internet out of several other countries, so various crypto-related technologies can thrive there.
It depends on how the elected leaders in South Korea see the opportunities and the special agenda that is made can have a good impact on their economic journey, even though they are currently facing a state of martial law and we hope that it can be resolved well.
Did Trump merely do it to get votes? Or did he keep his promise about Bitcoin?
I believe that Nation-States are slowly finding out that if they don't adopt this technology to gain a competitive advantage against their competitors, then their competitors themselves will adopt the technology.
They also know there's money behind the move of Bitcoin adoption.
Bitcoin's journey to surpass the market value of Gold has started.