We will see about that and hope for all the best, be it in Korea or not.
Crypto will prevail in one form or another
The problem is that South Korea used to be a true leader in the crypto space — back in 2018, it accounted for 25% of global spot trading volume. The demand was so strong that KRW even occasionally surpassed USD in fiat trading volume.
Then came the restrictions and regulatory pressure. But even with all those limitations, the crypto market in Korea still outperforms the local stock market in trading volume. That says a lot.
Talking with data might be better in your statement because you need a logical reason why it is a curse, right?
Maybe because I don't know what underlies your thoughts, but it would be more interesting if you showed your analysis study.
Support for crypto and Bitcoin is a very good first step for this country, because Bitcoin will be increasingly fought over in the future, so entering the digital asset transition period is a choice that thinks long term.
Since a significant number of South Korean presidents have been involved in corruption scandals, statistically speaking, it's not unreasonable to consider that any new president might have personal motives when expressing support for cryptocurrencies.
I'm drawing a parallel with Donald Trump, who is now facing corruption allegations from some members of Congress — mainly due to the launch of his own memecoin and the involvement of his family in a crypto company. So one could argue that his pro-crypto stance might be driven by personal financial interests.
If that’s the case, what’s stopping the president of South Korea from having similar intentions?