RATE Group | BTC/USD Slow Down Below $4,000, Up 19 Percent
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BTC/USD Slow Down Below $4,000, Up 19 Percent

22 Dec BTC/USD Slow Down Below $4,000, Up 19 Percent

Posted at 12:44h in Bitcoin News by

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The truth is that South Korea is famous for cryptocurrency and the opportunities presented by digital assets are like no other. Not only are they global but they can be an escape for stagnating local economy and hopeless politics. Demand for Bitcoin and other assets was so high that  the Kimchi Premium soared to 50 percent presenting an opportunity to arbitrage traders to reap more profits from a market that was closing on at the $1 trillion valuations. It is for these few reasons why cryptocurrencies including Bitcoin is gaining traction.

The rapid rise of prices last year did thrust Bitcoin and the underlying technology to the public, and since then the trajectory has been upwards. Governments are particularly interested in blockchain as one of the most revolutionary technology in the 21st century, and although there is a bit of resistance toward specific coins, their digital, global and privacy-centric nature make them a necessity in coming years.

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