After Trump Promotes Crypto, South Koreans Accumulate $73.4 Billion in Cryptocurrencies
South Koreans Hold Over $73 Billion in Cryptocurrency – The Spreading Effect After Trump’s Election
The total cryptocurrency assets held by South Koreans on domestic exchanges has hit a record high of over $73.4 billion , according to the latest report by the Bank of Korea (BOK).
This is the highest figure since the agency began compiling crypto-related data.
Spike after US election
In just 2 months from October to December 2024, the amount of cryptocurrency assets of Koreans increased 2.2 times , from 41 billion USD to 73.4 billion USD .
Experts say Donald Trump's victory in the US presidential election in November 2024 is one of the reasons that triggered a strong wave of buying.
Trading volume also exploded, with the daily average hitting 17.2 trillion won ($12.1 billion) by the end of 2024 — five times higher than in October .
