Will Korean Investors Swap Samsung for Bitcoin? Analysts Say Yes
The post Will Korean Investors Swap Samsung for Bitcoin? Analysts Say Yes appeared on BitcoinEthereumNews.com. What the prediction actually means The “Kimchi premium” The current stagnation in South Korea’s digital asset market may be nothing more than the “calm before the storm,” according to Jeff Park, a researcher at Bitwise. Park has predicted that a massive surge in Bitcoin’s price is inevitable once retail investors decide to exit their currently profitable positions in the traditional stock market. Park has pointed to the massive amount of capital currently parked in South Korea’s leading industrial and tech giants. Ray Dalio: Bitcoin Fails as Safe Haven Can Toncoin (TON) Lose All Gains? Ethereum (ETH) $2,000 Plunge Is Possible, Shiba Inu (SHIB) Price Is in Strongest State Since March: Crypto Market Review “Imagine the candle when Korean retail finally rotates out of Hynix, Samsung, and Hanmi and comes back to Bitcoin,” Park noted. “It’s simply a matter of time.” What the pr