Honestly, whether the South Korean president supports crypto or not hardly matters — statistically speaking, there’s a good chance they’ll end up behind bars anyway.
With only two presidents in the country's history dodging criminal charges, maybe crypto should be more worried about who doesn’t support it. After all, presidential backing in South Korea might be less of a blessing and more of a... legal curse.
Politicians don't represent cryptocurrencies. It's just a currency or an asset that people invest in. The corruption charge against a crypto-friendly politician wouldn't tarnish the reputation of Bitcoin. A politician's bad reputation will not tarnish the image of Bitcoin.
Bitcoin has a decentralization vector, whereas what politicians want is something centralized to have more levers to push around.
That's why they are all-crypto friendly, not only BTC, imo.
You are not far from the truth. But with different countries clamouring to control some part of the crypto market, the new decentralisation might be between nation states. One country would not control the market if more different countries invest.