Political turmoil in South Korea is driving a 3% Bitcoin premium, known as the "Kimchi Premium."

South Korea's political instability has caused a 3% premium on Bitcoin purchases compared to the U.S., known as the "Kimchi Premium." This spike is due to the South Korean won hitting a 15-year low against the dollar, leading locals to invest in Bitcoin for financial security. Recent impeachments of key political figures have eroded trust in the government, further driving this trend.

3 months ago
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