South Korean Officials Embrace 9.8 Million USD in Crypto: A Golden Signal for the Cryptocurrency Market!
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).
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