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Looking at the list displayed under the name “President Lee Jae-myung’s crypto checklist”, it is easy to guess that he has paid special attention to cryptocurrency. It is now very clear to others that cryptocurrency can play an important role in changing the national economic situation of a country. He wants to create clear laws on cryptocurrency so that it is possible to get relatively good feedback from here. If South Korea’s National Pension Fund is allowed to invest in crypto, then a major crypto revolution can happen not only in that country but also in the world. Moreover, if spot ETF permissions, investment in its own stable coin, and banking institutions are asked to pay attention to crypto, The country will be able to achieve greater economic prosperity within a few years.
Now we have realized that many leaders of various countries are considering crypto for their long-term economic interests. Especially bitcoin, governments are really considering it as a strategic reserve and they want to invest in it. Bitcoin does not force them to participate, but they themselves in fact cannot afford to completely ignore the potential of bitcoin in the long term. Bitcoin is wanted by big investors, big financial companies and various entities, so governments will not fight it just because of their own fears.
I can really imagine that bitcoin will become a strategic reserve for various countries in the future. The government is certainly fighting for economic prosperity without ignoring the technological developments around it. Bitcoin is a new financial system without destroying the existing traditional financial system, so the government does not need to be afraid of the existence of bitcoin.