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RE: Thank South Korea for the Crypto recovery
This is spot on! Back a few years I recall reading about the coming wealth transformation from the West to the East. The entire time my thought was that it only was related to gold and silver. Now I have realized that is just a portion of it and that cryptocurrencies is a huge player in this current and ongoing transformation of wealth
Cryptos absolutely play a major role in the redistribution of wealth. And to me it is a clear sign that something big is going on in the Republic of Korea when at least 21% of the 24 hour Crypto trade is done there. For a country that has only 51 million inhabitants that is huge.
The more weird that CoinMarketCap dot Com leaves the Crypto-Won trading out off the equasion.
The more reason for me to keep a close eye on that part of the Crypto market. ;-)
I did not understand this at first, but has become increasing clear over the last year! I wouldn't have thought South Korea would be a driving force of the movement, but things are continuing to point to that!
Never would have thought that upfront, but now it looks like their markets are important to watch as being indicators, at least that is what I think.