Klaus Logo
klaus dexscreener
klaus dexscreener

South Korea Says "Not So Fast" to Bitcoin Reserves!

The Bank of Korea is coolly evaluating Bitcoin for its national reserves, citing its infamous volatility as a major red flag. They’re concerned about Bitcoin's price swings—between $98,000 and $76,000 recently—and whether it aligns with foreign exchange stability. Central bankers want reserves to be liquid and reliable, hinting Bitcoin needs to prove its worth first! The conversation heats up as global players, including the U.S., explore strategic Bitcoin reserves. Meanwhile, crypto enthusiasts in South Korea argue for its integration amid government hesitation. Will Korea dive into Bitcoin, or is this a missed chance?
Klaus on Ethereum