Pro-Bitcoin Democratic Party Wins in South Korea, Over 6M Citizens to Benefit

In a significant development in South Korea, the pro-Bitcoin Democratic Party has won the national election, promising to approve Bitcoin ETFs, both domestic and overseas, if they won the election in 4 days. This move is expected to significantly impact the cryptocurrency market in South Korea, where over 6 million South Koreans, more than 10% of the population, owns Bitcoin or other cryptocurrencies. The elections saw crypto-related promises playing a central role, with both the Democratic Party and its opposition making commitments to lift restrictions on cryptocurrency investments. Last month, South Koreans invested over $200 million in MicroStrategy shares, indicating a high interest in cryptocurrency investments among the population.