On March 27, 2025, over 400 South Korean officials publicly owned crypto assets worth 9.8 million USD, averaging 24,000 USD per person. With 20% of surveyed officials holding Bitcoin (~88,000 USD), Ether (~3,500 USD), and XRP (~2.32 USD), this is a positive sign for cryptocurrency acceptance in one of Asia's largest markets!
South Korean Officials Join Crypto
Leading the way is Seoul councilor Kim Hye-young with 1.2 million USD in crypto, accounting for 12% of total public assets. The participation of 400 officials – from lawmakers to civil servants – shows that crypto is not just a trend but has become a strategic asset. Bitcoin, Ether, and $XRP lead the way, reflecting confidence in major coins amidst South Korea's leadership in adoption (13% of the population owns crypto, Chainalysis 2024).
Brilliant Impact on the Market
Bitcoin: Institutional demand rises (~9.8 million USD just from officials) reinforces the price momentum (~88,000 USD), potentially surpassing 90,000 USD.
Altcoin: $ETH and XRP benefit, $SHIB may also rise due to positive sentiment from South Korea – the 'cradle' of altcoins.
Globally: The US (North Carolina 5% pension funds) and South Korea are both embracing crypto, spreading confidence to Asia and beyond.
Why Is This Good News?
South Korea – a blockchain hub with #Upbit , Bithumb (trading volume ~5 billion USD/day) – now has officials publicly supporting crypto. This increases legitimacy, encourages both individual and institutional investment, especially as #TRUMP (BTC reserves) leads global trends.
Conclusion: South Korean Crypto Rises
The fact that 400 South Korean officials hold 9.8 million USD in crypto is a 'brilliant light' for the market. From BTC (~88,000 USD) to XRP (~2.32 USD), cryptocurrencies are increasingly being recognized. Investors can rejoice: South Korea is contributing to bringing crypto to new heights!
Risk warning: Investing in crypto carries high risks due to price volatility. Please consider carefully before participating.#anhbacong