Recent data reveals a significant disparity in Bitcoin reserves between the USA and South Korea, reflecting their differing approaches to cryptocurrency investments.
Comparison of Bitcoin Holdings
According to the Maeil Business Newspaper, the United States holds nearly 16 times more Bitcoin than South Korea. Currently, the US has 3,587,163 BTC, while South Korea has only 218,076 BTC, accounting for about 6.1% of US reserves.
Impact of ETFs on Bitcoin Investments
One of the reasons for the significant gap is the launch of Bitcoin ETFs in the US last January. Following the ETF implementation, Bitcoin reserves in the US increased by 1.29 million BTC. ETFs allowed investors easier access to Bitcoin, significantly accelerating the accumulation process in the US.
South Korea's Position in the Digital Assets Sphere
While there has been a sharp increase in US reserves, the accumulation level in South Korea has remained relatively stable. Additional factors, such as regulatory frameworks and market maturity, may explain this disparity. For South Korea, it is essential to consider the introduction of its own investment products and improve conditions for institutional investors.
The significant disparity in Bitcoin holdings between the US and South Korea highlights the importance of accessible investment instruments like ETFs. It also raises questions for South Korea regarding its future development in the digital asset sphere.
