$BTC #SouthKoreaCrypto

Lee Jae-myung wins the presidential elections in South Korea: how does this impact Bitcoin?

On June 3, 2025, Lee Jae-myung, candidate of the Democratic Party, won the presidential elections in South Korea with 49.4% of the votes, defeating the conservative Kim Moon-soo, who received 41.2%. This victory marks a significant shift in South Korean politics, especially in the realm of cryptocurrencies. washingtonpost.com

📈 What does it mean for Bitcoin?

Lee Jae-myung has proposed policies that could benefit Bitcoin and the crypto ecosystem:

Legalization of spot cryptocurrency ETFs: This would facilitate institutional investment in cryptocurrencies, increasing their legitimacy and adoption.

Investment of the national pension fund in crypto assets: With a value of $884 billion, this measure could inject large sums of money into the cryptocurrency market.

Issuance of a stablecoin backed by the South Korean won: This could enhance payment efficiency and reduce capital flight, strengthening the country's financial infrastructure.

These policies could increase the demand for Bitcoin and other cryptocurrencies, driving up their price and solidifying their position as a safe-haven asset.

🌍 Global implications

South Korea is a key player in the cryptocurrency market. The adoption of favorable policies could inspire other countries to follow suit, promoting greater integration of cryptocurrencies into the global economy.