RATE Group | Crypto community fears North Korean BTC sell-off
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Crypto community fears North Korean BTC sell-off

27 Apr Crypto community fears North Korean BTC sell-off

Posted at 20:39h in Cryptocurrency News by

Following rumors that North Korea’s supreme leader Kim Jong-Un is either in declining health or dead after he dropped out of public view, reports started circulating that the country’s Bitcoin (BTC) reserves will be sold, Cointelegraph reported.

According to a March 2019 report, at the time North Korea already held about $670 million in crypto assets. Many believe this non-trivial amount of cryptocurrency to be under Jong-Un’s direct control.

Because recent reports have suggested that the North Korea’s leader’s life is in danger after a failed heart surgery, many are afraid that the country’s crypto holdings may be sold, causing the price to drop.

Note, however, that many experts are now saying that there is no reason to believe that anything unusual is happening with Kim Jong-Un.

Furthermore, market correspondent at crypto news outlet CoinDesk Zack Voell recently posted a joke on Twitter that has seen over a thousand likes, in which he claimed that…

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