Bitcoin Forum

Add economic powerhouse South Korea to the growing list of countries adopting bitcoin at the national level.

This was a special election following a time of great political turmoil in the country. It was caused by the
impeachment of the former S. Korean president who attempted to declare martial law at the end of last year.



https://i.postimg.cc/8zPYL1wk/southkorea.jpg

i would not add them yet until the president actually starts making some moves and really start making true to his promises because so far a lot of presidents have been making promises but not a lot have been actually making some real progress but if this president does in fact stay true to his words south korean crypto enthusiasts will benefit a lot

Let's see how it goes!

Actions will speak louder than words.

In terms of GDP, South Korea is ranked number 14. If they approve Bitcoin Spot ETFs and they also allow crypto investments for the National Pension Service, it will boost Bitcoin's price. Not by much but it will be a nice boost. The best thing that I see here is that there is a high chance that other Asian countries will follow South Korea and do the same, which will really boost Bitcoin's price. Then other countries will automatically follow this trend and in the end, we will have Bitcoin Spot ETFs accepted in every economically strong country with pension funds also invested into it.
Now is really the time to hodl Bitcoins because soon every country will try to take it away from us. At least it's better to make them pay the high price rather than USD 100,000.

South Korea is a highly developed country too, and it has much of the funds going around on something like BTC, and they can make big breakthroughs here if they want to do so, because they have the resources!

And I agree with the adoption statement - we are still in its wake.

Let's expect this should be a new beginning for them, I hope so this new regime will have something better to offer than before, also, that they are going to make it very possible for bitcoin users to have a smooth experience in using bitcoin in the country with fare regulations, I hope so that many of these countries adopting bitcoin strategic reserve be able to deliver to their people as well as having consideration more on bitcoin in cryptocurrency, adoption for legal tender and every other activities that could help and support every bitcoin users in the country.

Congratulations to the new president elect.

Some will be there sooner, some - later, but everybody will see through the FUD and utilize BTC in one form or another, big and small.

And that's what is truly great.

Well, congratulations to him for winning the election and to the South Korean at large but let not get over excited over his election by his crypto profile. We are already familiar with the game now and nothing will surprise us again if he chooses to be a different person after becoming the president.

Having a pro crypto president is supposed to be a boost for the nation and the whole crypto industry but from what we have seen so far, there is no much to be excited about. It's more of a theory than practical but I hope the new South Korea president will change the narrative for good.

I was actually reading today that in South Korea a crypto friendly president won the presidential election. After Trump’s victory it showed that this kind of approach can bring results and it is not surprising that other candidates want to use it in their election campaigns. The most important thing for me in such cases is that their promises do not end right after they win the election. They need to fulfill at least part of what they promised and not just sign executive orders and a Bitcoin reserve like Trump did but actually fill that reserve with Bitcoin. I hope that South Korea will become another crypto friendly country.

The president maybe make it easier for bitcoin to be better accepted in this country.

A company in this country wants to invest 500 million dollars in bitcoin to create a bitcoin reserve. Ted Kim the CEO said this in a interview. The company is called K Wave Media Ltd. and was listed on the Nasdaq. I think a few others will now publicly show their bitcoin strategy, the value of the stock will pump for all of them. The value of the K Wave Media Ltd. stock has pump over 150%, they should thank bitcoin.

This man, this new President Elect in South Korea is China friendly politician and I am very doubtful that he does not try to copy many policies from China. We know that China under CCP are not a Bitcoin and cryptocurrency friendly nation, and if this President governs South Korea towards a same direction, this nation will become less friendly with Bitcoin and cryptocurrency.

Based on political history in this nation, I don't concern about him too much because his Presidency might not last too long. South Korean are strong in their political demand and if this President can not satisfy citizens, he will become a next President Outsted in the South Korea.

I believe the impact of Bitcoin Spot ETFs has ended after the US funds were approved, so the impact of this news on the price will be limited, but overall it is good for South Koreans.

Still a lot of unknowns. We will see how it goes in reality. People may use crypto related agendas to win an election. Do ald Trump did it but started delivering it slowly. So I am not sure if the new president of South Korea will actually fulfill these agenda in reality or not.

But I am sure it will be great if he really brings in changes and provide a comprehensive legal framework for cryptos in South Korea.

I think it's obvious that some politicians are now using the strategy of Donald Trump to do their campaign so that they can get supporters from the crypto investors. However it's still a good thing that he won the election and he will not stop in promoting the use of crypto currency (Bitcoin) in his country. The adoption of crypto currency (Bitcoin) is increasing everyday and also becoming popular in the world.

Only if multiple countries, preferably big ones, did the same, it would really affect the sentiment; otherwise, I do agree, I hope people will benefit from it the most.

The most bitcoin-friendly countries in Asia so far:

South Asia:
Bhutan
Pakistan

East Asia:
Hong Kong (part of China)
Singapore
South Korea
Japan (bitcoin legal for use as payment)

Malaysia, Indonesia, Vietnam, Thailand:
Bitcoin legal for investing, trading, remittances

Thailand allows tourists to pay with bitcoin

I feel that eventually we will get to a stage where the political landscape of each country will have individuals who are friendly to Bitcoin, considering that the old fellow politicians are already aging and may no longer be viable to hold political office based on their health and age.

The new set of individuals who are young and getting into office are likely to be bitcoin-friendly and even bear the right information about bitcoins to make policies that favor its growth.

Some will do that only for the votes, some - out of true curiosity and desire to look through the space and find value in it.

We will see how much of which people will be there, because these times are truly near us.

Not only will the bitcoin enthusiasts benefit from this but also the country itself will for sure see a difference once their country becomes the place for crypto. Other bitcoin enthusiasts from other countries in the region are looking for other places if their own countries do not offer looser restrictions when it comes to bitcoin so with South Korea making promising progress like this more people would want to do their business on South Korea and help them in their economy and innovation sectors.

Would they feel much a difference, though?

Sure, they would probably have some more alternatives to use, but overall, those not interested in crypto won't see much happening for themselves at all..

Before Trump finally became the president, he was so exuberant about Bitcoin, even showed a picture of where they were making payment with Bitcoin for a burger he bought. He finally became the president, his token was then pumped and dumped. People thought it would have been better than that but they are still expecting. It will be good for Korean if their new president is really Bitcoin friendly and not the person that will twist things later on.

Of course, with the election of Lee Jae-Myung as President of South Korea, meaning Bitcoin will develop far more positively than now and so is its growth, it can be proven from the positive news that I saw 10 hours ago.

For example:

And several companies in South Korea.

This will add a new list of Bitcoin adoption for South Korea, I'm sure the next 10-20 years Bitcoin can reach the level of $ 1 million, if the president is like South Korea.

BTC is now a good campaign strategy for politicians, especially those in countries with a huge crypto population. We have seen the promises and he has been elected, so we'll see if it materializes or if it stays as empty promises.

The promise of a stablecoin is not something i will look forward to, for obvious reasons, however, it would be a positive if they launch a spot etf, it would not have an impact like that of the U.S., but it would be nice.

Bitcoin is the new technology in town and the selling point for every politician right now, for me most of them are actually inclined to this bitcoin believe due to their political affiliation or support that it would bring to them but are they really friendly to bitcoin I will say we need to seriously give them time to actually see if they are behind bitcoin or it was just used for campaign purposes.

Other than that it is a great deal seeing Asian countries been friendly to bitcoin they were actually one of the first set of people to having bitcoin and crypto currency sanctioned in their place. Aside them even European countries like Poland have actually elected a bitcoin friendly president and my response has always been they don’t seem to have any options because any one coming to take the economic situation of their country seriously or move it up will seriously look into bitcoin

South Koreans voted for him not just because he is a pro-crypto politician. What they expect and look forward to more from him are domestic and foreign economic policies, because that is the key to the country's development. They won't get too excited just because he's pro-crypto.

So far, Trump is the first US president to publicly endorse bitcoin and I assume you are referring to him. So far, he has delivered on most of his promises regarding crypto, and the crypto industry is getting quite a bit of support under his leadership. But maybe that's still not enough to get us excited because the only thing we want is for bitcoin price to hit $200,000 or $1 million. We don't care about bitcoin's support, legitimacy, popularity...right?

The promises mentioned in the OP look a bit like "okay, let's support Bitcoin/crypto as a store of value, but under our heavy control." Basically the same kind of policy like the EU.

I'm particularly not fond of the idea that the state itself shoud launch a stablecoin, at least that's what the list suggests. This would be basically a CBDC. I'm less critical to the concept of CBDC than others here, but it's in my opinion no advance at all towards freedom-oriented crypto policy. CBDCs belong to the state's "domain of control", while crypto is all about being independent from the state.

It's of course possible that even the promised regulation is an improvement over the status quo. And yes, ETFs and stuff like simplified crypto handling for banks, why not? But what I really would like to see is a commitment to crypto privacy. That would be "crypto friendliness" in my opinion.

Having a crypto friendly president like Lee Jae myung could really boost adoption and give the industry more stability there. Allowing things like spot crypto ETFs and pension funds to invest signals serious confidence in crypto’s future, It shows that even big economies are starting to see crypto as part of the financial system, not just a fringe thing
Of course it’ll be interesting to see how regulations shape up and if other countries follow their lead

Crypto has a large userbase and the politicians are beginning to add it to their playbook in order to garner votes.

I don't know if Lee Jae-myung is truly pro crypto or not, but South Korea has approximately 52 million people and according to Bloomberg (https://www.bloomberg.com/news/articles/2025-06-01/south-korea-crypto-industry-to-gain-no-matter-who-wins-election), about 18 million people have crypto assets. That's an interesting number, and a politician would do anything to get this number on his side even if it means lying to win an election. I hope it's not the case, but time would tell.

In my estimation this is what every country should be looking at right now instead of fighting bitcoin and cryptocurrency. I also like that this president was specific about what he is going to do for bitcoin and cryptocurrency when elected. Now that he's elected, we would return to his promise in the next six months to know which of them has been implemented and which is yet to be implemented. South Korea as a country has the huge influence on the other smaller Asian countries and hopefully influence them positively to follow suit.

This is a welcome development looking at the list of plan agenda's that has been set up for implementation by the new president elect of the country one thing that is paramount is the enabling laws that will help crypto currency to be protected because when the right laws are there it's said to succeed




One thing that I like about the plans is setting up a national stablecoin which will help the country to reduce their use of foreign crypto currency this is one thing will be of benefit to south Korea as a country as they owning their crypto currency will Mark a significant turn around in the crypto currency sector of the country

This is very true bud, with the massive support and adoption of bitcoin and cryptocurrencies across several countries by both some of the old, middle aged and young people, incoming and future presidents in different countries are likely to be bitcoin and crypto currency friendly individuals..

It started from El Salvador in the person of president Bukele, then followed by president Trump who happens to be the top since USA is currently the world power, USA opens the door to everything and since we already have a cryptocurrency friendly president there, the chances that coming presidents in different countries across the world would be crypto friendly is very high.

I wouldn’t be too quick to judge a politician based on his promises. I will rather to see his works first. I think we made that mistake with Trump dying the last elections and now that he’s elected President, he is yet to fulfill any of his promises to the bitcoin community.

Indeed, action should speak louder than words… Anyone can voice out any type of word anytime, but getting those things which they voice out to be fulfilled becomes a problem, and until there is action taken, it's just a mere word and should be considered so.

One of the people whose words should never be taken seriously are politicians; they can say whatever they feel like the people want to hear just to get their vote, and once they are in office, getting their promises fulfilled becomes another topic and agenda for the next election.

Since the US president is crypto-friendly, more presidents will be inspired by him. But US President Trump has proven how he wants to adopt Bitcoin and some other cryptocurrencies. So we have to wait to see how the South Korean president handles everything related to crypto. When he practically applies it instead of just promising it verbally, then we can say he is a real crypto-friendly president. We really need a crypto-friendly president to make a better crypto sphere.

For wins, elections often possible presidents promise a lot of things. And they might forget later about their previous promises. It's a matter of implementation; if he implements some better rules that help more adaptation, then we can make sure he is crypto-friendly. It would include reserves or ETFs as well. So let's wait for the outcome from him.

Politicians are very cunny set of people who could want to say just anything to gain support from wherever they understands that the highest support can come from. Perhaps the just elected South Korean president must have studied the strategy President Donald Trump employed in winning the heart of the people to the President sit and had to take same path.

Just like every other crypto enthusiast, I'll love to see things in action other than what's in promised papers and perhaps when we evaluate his first 100 days in office it would tell alot about his friendliness towards cryptocurrency and bitcoin in particular just like that of Trump.

It's their specialty, so we can't say they are doing their jobs badly - although we await concrete actions about our space, the crypto space, thus, when they don't deliver - we see through them, and it makes us see what truly is on their minds.

I'm not defending him but is it true that Trump has not fulfilled any promises to the bitcoin/crypto community? What did he promise?

Because as far as I know, he has delivered on most of his promises like creating a strategic Bitcoin reserve and not selling any bitcoins, firing Gary, pardoning Ross Ulbricht, promoting bitcoin mining, and enacting more crypto-friendly policies.

If we ignore the noise about his tax policies and their impact on the markets, he is still working to turn the United States into a global crypto hub as promised during his campaign.

https://iili.io/F2M3G1t.md.png
source: x.com

^ Truly, actions were made, not so fast and not all of them (bigger targets are still there to be fulfilled), but it's still better than what we probably expected.

Trump is doing it for the prestige and influence, so when he moves the markets with tariffs and does something with regulations, he can easily switch the narrative to the direction he wants.

He is like a bulldozer - these start strong, but if they can't keep up, they go elsewhere to try their power in other places.

Those Bitcoin Spot ETFs were approved only in the USA but there are other countries in the world with a huge economy. The same impact will have China's Bitcoin Spot ETF approval. Not the same but still very good response will be from Germany, Japan, UK, France and etc, Bitcoin Spot ETF approvals. Also, for example, if the wealthiest EU countries approve Bitcoin Spot ETFs, then this might have a better impact than the US's approval did.

Certain by cryptocurrencies? Is this a failsafe to prevent pension fund money from being invested in shitcoins?

2. With the investment of pension funds' money in digital assets (it is not said here in which assets exactly), this will directly affect the capitalization of this market.

But there is a nuance. Considering that the income of money to pension funds is becoming less and less (decreasing birth rate), and there are more pensioners (thanks to medicine and increasing life expectancy and standard of living), financial pressure will be exerted on pension funds in the future. Funds will have to pay out more than their income, which will force them to withdraw invested money from digital assets. Such events will undoubtedly affect the market.

4. The release of stablecoin? Is this really not enough?

It is most likely that each country will issue its own stablecoin, which will replace the current national currency.

With President Lee Jae-myung's commitment that he will support the legalization of crypto ETFs and will issue regulations that are more pro-crypto in the country, it is a very good thing, because until now cryptocurrency has not developed much in South Korea, and with the presence of a new president who is more pro-crypto and his promise to develop the blockchain industry, it will be a breath of fresh air for the crypto industry in South Korea and can directly encourage the development of the industry and increase the number of crypto adopters in the country. Moreover, South Korea is one of the countries with a large economy globally, this will be good news for the development of the global crypto industry, and hopefully what the new South Korean president said will actually be realized, not just a mere campaign promise.

So at the end of the day it is not all about Bitcoin but rather about releasing their own controlled stablecoin.  So what is there for the Bitcoinist to celebrate?  First, all I see is a plan that is only beneficial to the government.  Creating regulation on cryptocurrency might go southward if they implement tight regulations that include KYC and many privacy-invading demands due to the established new set of law about cryptocurrency.

Actually, I believe this is the cost for the government adopting Bitcoin or cryptocurrency.  All engagement in cryptocurrency should pass through a centralized system where every transaction can be monitored by the government.

I expect to see similar situation in South Korea just like many US states are planning on creating a Bitcoin strategic reserves to help individual states allocate a percentage of the annual budget to invest in Bitcoin. Maybe we should be expecting something similar to that since this would make the entire country more Bitcoin friendly and other states can continue investing in Bitcoin through national laws that would mandate each state to have a Bitcoin reserve. Bitcoin is gradually becoming a must hold asset and many countries are investing so they don't miss out on the big revenue that can be generated from supporting Bitcoin and investing through profits from individual reserves, tax and other means.

Well somehow we cannot expect that to happen if there are only few official supports Bitcoin.

But if the new elected President could influence his fellow leaders in his country to follow what he like then maybe we could see those creating of Bitcoin reserves bill or other way to support this coin will happen. Still this is good development since Korea elect a new leader which have knowledge on Bitcoin and with that maybe those people who like to use crypto would see some good changes will happen.

So well see what their new President could do since for sure many are curious to know what he can do especially on Bitcoin adoption matters.

Lee promised positive policies for the cryptocurrency sector; these include legalizing spot crypto ETFs, establishing a won-based stablecoin market, and opening the way for pension funds to invest in cryptocurrencies, let's see which ones President Lee will actually implement.

I knew the previous president was a Bitcoin lover and he didn't do what he said, sometimes what politicians say and what they do are not the same. It's good that it's becoming increasingly widespread in Asia and countries are adopting Bitcoin, these are definitely good signs.

In fact, legalizing and accepting bitcoin benefits the government more than it benefits bitcoin and the community. Not only does the government collect more taxes, it can also manage us more easily. Governments only do what benefits them, so it would be naive to believe that they do those things for the future of bitcoin.

I have said this before, if we want bitcoin and crypto to become legitimate and popular, the price we have to pay is government regulation and oversight. But it seems like people don't care about that either, which is why they always get excited whenever a country or president shows support for bitcoin. People only care about profit, nothing more, and they know that the more countries that support it, the higher the price will be.

Right now, if you want the country to get stronger economically, you have to have a positive attitude towards bitcoin and cryptocurrencies. For the country to get to better places, you need a young generation that is intertwined with technology and knows what blockchain is.

You can't block bitcoin or technology with bans, restrictions or barriers. Any person with a little bit of intelligence will befriend this technology and find a way to profit from it.
We've seen a lot of things that were promised in the past not done after they started governing a country, I really hope they continue to support bitcoin

South Korea's a modern country they're ahead of others in tech so it isn't a surprise they've elected a bitcoin friendly president. We'll check his policies on bitcoin laws because politicians change their mind & break promises after elections.

That's entirely not what China is doing but they seem to be doing good. Russia however is joining the bandwagon.

There are more countries joining so if Bitcoin is the future like they said, its best for countries to get along with the best performing assets especially that they are starting to consider Bitcoin as strategic reserve. Korea having this kind of president may consider Bitcoin strategic reserve as well which is a positive sign for crypto.

Crypto is truly thriving in korea with big volume every day, it's only right for their president to have positive policies in cryptocurrency sector. Crypto ETF is a must for developed countries across the world, when the united state is experimenting on stablecoin and crypto ETF, the other country need to follow path to also put dominance in crypto world.
Honestly, I would've expected south korea to have positive policies earlier than this but it's better than nothing. Maybe after this japan will also thinking about having the same positive policies toward crypto.

South Korea has a population of over 50 million people ,  but according to some surveys, as many as 15 million people are involved in crypto. So it's no surprise that politicians use bitcoin as a political tool ,  and people tend to support crypto-friendly candidates .

From what I've learned about South Korea's new president, Lee seems to be a real bitcoin supporter, not just a talker. But it's worth noting that South Korea has very strict regulations on cryptocurrencies ,  which means Lee will need to convince the National Assembly if he wants bitcoin ETF as well as allowing the National Pension  Service to invest in bitcoin .

So it won't be easy .  So if you are an investor living in Korea, don't set your expectations too high to avoid disappointment like many people were disappointed with Trump.

This is awesome! Congratulations to the elected president and to us too, Bitcoin lovers. While China is doing her worse by banning cryptos, other sister countries are romancing cryptos by legislating in its favour. The excitement, with its fire is spreading on. The list is getting bigger as more countries are joining in the adoption. By the time China realizes her mistake it may be too late to catch up.

i would not be surprised if they were influenced by the likes of bukele and trump who are so called bitcoin enthusiasts presidents

i do not know much of the history of both presidents and whether they had ties to crypto prior to the election but i am sure that many politicians will use bitcoin or crypto in general as a platform to gain more votes during their campaign period let us just hope that these bitcoin friendly presidents are actually true to their words

No matter how much Bitcoin friendly a politician is, as soon as he hold elected office of a government he has to follow the government policies. What we have seen so far regarding government accepting Bitcoin is government allowing Bitcoin transactions that they can monitor, government never allow the p2p bitcoin transactions which they can't monitor. We saw Mr. Trump very friendly towards crypto before he was elected as US president but as soon as he was elected he is following the stance of US government on crypto.

I believe that you're speaking from facts and if it so it'll confirm the skepticism of many observers that presidential candidates uses cryptocurrency friendliness to win votes. If he has a strong affiliate with China, that is clearly a none Bitcoin friendly country, it means that his Bitcoin friendly might not materialize in his administration. People have little trust on what politicians promises until they fulfill it, it's more like action steaks louder than words. But if the new South Korean president will live up to his promises and actualizes his crypto manifesto I think that it will be a big plus to the crypto community in that country.

Lee Jae-Myung is a man with a foresight, he’s a man who will give more opportunity for crypto to thrive, i like crypto minded leaders especially bitcoin. This love for bitcoin will help strengthen the economy of South Korea
I believe crypto enthusiasts will be very happy with the recent development. Good win for South Korea

I don't know how close the new South Korean president is to China, but the two countries are completely different in many ways, from economic to political.

First: South Korea is a capitalist country, while China is a communist country. Second, they are one of the US's allies in the Asia region. Therefore, despite Lee Jae-myung's relationship with China, but once he became president of South Korea. They will be influenced and impacted by the United States more than any other country and I think Lee Jae-myung understands that better than anyone.

Even if they are friendly with each other, that doesn't mean they will imitate each other. Putin is also very close to Xi, but Russia does not ban cryptocurrencies like China.

Another of Number "2"? 8)

During 2023 when people posted in BitcoinTalk that nation-states will start buying Bitcoin and HODL them as a sort of Treasury asset, people will not comment, probably thinking it was a laughable idea, or they believe it's something that will not happen until the next decade.

IT'S HERE NOW, AND IT'S HAPPENING! KEEP HODLING YOUR BITCOIN.

Now we are seeing more presidential candidates and those who have been elected so close to bitcoin that this is a pretty good move for bitcoin itself. But is this a big move that they want to make or is it just a structured pattern that is done to get votes. South Korea has a pretty good concept of resource development and they are also one of the countries that provide the fastest internet out of several other countries, so various crypto-related technologies can thrive there.

It depends on how the elected leaders in South Korea see the opportunities and the special agenda that is made can have a good impact on their economic journey, even though they are currently facing a state of martial law and we hope that it can be resolved well.

Did Trump merely do it to get votes? Or did he keep his promise about Bitcoin?

I believe that Nation-States are slowly finding out that if they don't adopt this technology to gain a competitive advantage against their competitors, then their competitors themselves will adopt the technology.

They also know there's money behind the move of Bitcoin adoption.

Bitcoin's journey to surpass the market value of Gold has started.

Honestly, whether the South Korean president supports crypto or not hardly matters — statistically speaking, there’s a good chance they’ll end up behind bars anyway.

With only two presidents in the country's history dodging criminal charges, maybe crypto should be more worried about who doesn’t support it. After all, presidential backing in South Korea might be less of a blessing and more of a... legal curse.

We will see about that and hope for all the best, be it in Korea or not.

Crypto will prevail in one form or another 8)

Today if they do not keep their word it will be very easy to overthrow, especially after the case that happened to the previous president, developed countries are more critical of governments that do not work well, so I think there is no choice not to carry out what has been said.


Talking with data might be better in your statement because you need a logical reason why it is a curse, right?
Maybe because I don't know what underlies your thoughts, but it would be more interesting if you showed your analysis study.

Support for crypto and Bitcoin is a very good first step for this country, because Bitcoin will be increasingly fought over in the future, so entering the digital asset transition period is a choice that thinks long term.

The problem is that South Korea used to be a true leader in the crypto space — back in 2018, it accounted for 25% of global spot trading volume. The demand was so strong that KRW even occasionally surpassed USD in fiat trading volume.

Then came the restrictions and regulatory pressure. But even with all those limitations, the crypto market in Korea still outperforms the local stock market in trading volume. That says a lot.


Since a significant number of South Korean presidents have been involved in corruption scandals, statistically speaking, it's not unreasonable to consider that any new president might have personal motives when expressing support for cryptocurrencies.

I'm drawing a parallel with Donald Trump, who is now facing corruption allegations from some members of Congress — mainly due to the launch of his own memecoin and the involvement of his family in a crypto company. So one could argue that his pro-crypto stance might be driven by personal financial interests.

If that’s the case, what’s stopping the president of South Korea from having similar intentions?

I do think that the talk there was meant to present the fact that, due to a change of legal power, everything may just be rolled back to where we started regarding the regulations.

Or something worse - full-on attempts to deny people the use of crypto and that jazz (even though, loopholes would still be found one way or another).

To be more precise, most recent presidents-elect have tended to favor cryptocurrencies in general, not just bitcoin. Bitcoin has never been their focus, even with Trump.

According to the latest news, President Lee Jae-myung is pushing forward with his crypto-related campaign promise to legalize the issuance of stablecoins in the country.
Similarly in the United States, no bitcoin-related bills have been proposed to Congress, so far. They are focusing on passing bills related to stablecoins.

It is clear that they are doing what benefits them first, they are not prioritizing bitcoin like many bitcoin investors think.

https://cointelegraph.com/news/south-korea-plan-allow-stablecoins-introduces-bill

Bitcoin has a decentralization vector, whereas what politicians want is something centralized to have more levers to push around.

That's why they are all-crypto friendly, not only BTC, imo.

Politicians don't represent cryptocurrencies.  It's just a currency or an asset that people invest in. The corruption charge against a crypto-friendly politician wouldn't tarnish the reputation of Bitcoin. A politician's bad reputation will not tarnish the image of Bitcoin.

You are not far from the truth. But with different countries clamouring to control some part of the crypto market, the new decentralisation might be between nation states. One country would not control the market if more different countries invest.

It could be a different category and let's say every Presidential candidate who openly has an interest in the bitcoin journey assuming they openly give their full support then it will be something better as we hope. Especially Lee Jae-myung does seem pro crypto as the information I searched on the internet and South Korea is now more modernizing the digital financial system so the crypto journey there is much more developed for the future.

You are right because maybe this adoption needs to be done because if some countries do nothing then their competitors will openly open space for the technology. Currently almost most countries are starting to realize the situation but we hope this is a step that is consistently maintained.

You can't believe politicians they won't always do things like they've promised. You'll vote & hope they'll be helping ppl but they change when they've won. We need more bitcoin friendly leaders so crypto's used more.

If politicians truly had no impact on Bitcoin, then why did BTC rally ahead of Trump’s election? Or crash after China banned crypto? Even South Korea, at one point, accounted for 25% of global BTC spot trading — until their president cracked down on ICOs and forced users to link accounts with local banks. That political decision tanked local activity fast.

And let’s talk about reputational influence. El Salvador’s Bitcoin rollout flopped largely because the Bukele brothers overpromised “free BTC” and people lost trust. Same goes for Trump’s and Milei’s memecoins — the hype died fast once political baggage caught up with them.

If crypto becomes too entangled with controversial political figures, it could easily backfire. For example, crypto laws in the U.S. could collapse due to Trump’s family being too deep in the space. And if the Democrats win power? You can bet they'll see crypto as a juicy new tax base to patch up the U.S. debt hole.

How would you know that the leader is pure in his intentions? It's not possible, and that's okay, because BTC will be okay either way ;)

Thank you bro

That's right, and that's a good thing - even though, of course, bigger countries would have much more space to work with, so the advantage would be there, but such countries are more fearful of crypto as in what we discuss - investing into it and see what sticks.

You can't believe every thing they're saying because politicians change. They could've had pure intentions last year but we don't know about their intentions after the election result's announced.

Looking at the list displayed under the name “President Lee Jae-myung’s crypto checklist”, it is easy to guess that he has paid special attention to cryptocurrency. It is now very clear to others that cryptocurrency can play an important role in changing the national economic situation of a country. He wants to create clear laws on cryptocurrency so that it is possible to get relatively good feedback from here. If South Korea’s National Pension Fund is allowed to invest in crypto, then a major crypto revolution can happen not only in that country but also in the world. Moreover, if spot ETF permissions, investment in its own stable coin, and banking institutions are asked to pay attention to crypto, The country will be able to achieve greater economic prosperity within a few years.

Now we have realized that many leaders of various countries are considering crypto for their long-term economic interests. Especially bitcoin, governments are really considering it as a strategic reserve and they want to invest in it. Bitcoin does not force them to participate, but they themselves in fact cannot afford to completely ignore the potential of bitcoin in the long term. Bitcoin is wanted by big investors, big financial companies and various entities, so governments will not fight it just because of their own fears.

I can really imagine that bitcoin will become a strategic reserve for various countries in the future. The government is certainly fighting for economic prosperity without ignoring the technological developments around it. Bitcoin is a new financial system without destroying the existing traditional financial system, so the government does not need to be afraid of the existence of bitcoin.

Recently, Lee Jae-myung became the president in the South Korean election. As far as I know, South Korea is one of the most economically powerful countries in the world.
Some news about the new president has been published, and I saw that he is very interested in cryptocurrency and Bitcoin. He has even announced that he will legalize  ETF in spot bitcoin and also launch a stable coin based on his country's currency.

In this way, if heads of government around the world start recognizing Bitcoin for managing their countries' economic affairs, it won't take long for Bitcoin to become a common currency.

How long do you think it will take for Bitcoin to reach the point of being used as a common currency?

Probably just few decades, there are tons of political figure across the world who are bullish with crypto.

Moreover, it only takes less than two decade for crypto to go this far, the crypto growth is rapid and in the future where cashless society is a thing, bitcoin gonna have its place.

Maybe I didn't present my thoughts appropriately. Let me correct myself by saying politicians don't represent Bitcoin.  Politicians like Trump and his wife Melinda could represent a shitcoin but Bitcoin is decentralized. I don't care which politician is Bitcoin friendly or not, the truth is that they don't represent or stand for the currency.  Their bad deeds will not tarnish the image of Bitcoin. But this doesn't mean that political actions and inactions will not affect the price and use. The government can influence the price and use through economic and political policies but it is independent of their control.

This is good for Bitcoin and other cryptocurrencies, just hope it will be a safe haven for our crypto friends living in this country and script doesn't change along the way as ones personal desires are different from what is demanded by law... and besides I think crypto and politics shouldn't mix much because we all know it's always a case of Collateral damage when politicians just use UT as a stepping stone to get what they want, but let's see what happens in the next coming days, months years...