Bitcoin Rallies as South Korea Eyes Crypto Policies for Voting
The post Bitcoin Rallies as South Korea Eyes Crypto Policies for Voting appeared on BitcoinEthereumNews.com.
More than half of Korean investors expect BTC’s price to surge this week, showing optimism. Cryptocurrency policies are expected to influence over 60% of voters in South Korea’s election. Market sentiment remains mixed, with 39.2% neutral. 34.7% optimistic and 26.1% expressing fear. A survey conducted by CoinNess and Cratos among 2,000 South Korean cryptocurrency users reveals that Bitcoin (BTC) is expected to increase in value. The survey, conducted from May 27 to 30, focuses on how people now envision Bitcoin’s future and the potential impact of candidates’ cryptocurrency pledges on the upcoming South Korean presidential election. The changes indicate the growing influence of cryptocurrency in both trading and political spheres. #Cratos and #CoinNess conduct regular weekly #surveys📝 Regular surveys are conducted every week within the Cratos app, and the number of survey participants is 2,000. This particular survey was conducted from May 27th to May 30th. Details⤵️https://t.co/7GziTXPfSI — Cratos (@cratostoken) May 30, 2025 Bitcoin Outlook: Optimism Grows, But Caution Remains About 51.9% of respondents believe that Bitcoin’s value will either go up or make a huge leap this week. Compared to last week’s figure of 37.6%, this represents a significantly larger increase. Investors are becoming more certain that Bitcoin will perform well. The shift in opinions suggests a positive outlook for Bitcoin in the coming days. About 33.9% of participants anticipate a steady market. The percentage is slightly lower than last week’s 35.8%. On the other side, only a small number (14.2%) bet on a significant decline for Bitcoin. It shows a big increase over last week’s level of 26.7%. More South Korean investors are beginning to view Bitcoin in a more positive light. Regarding the overall market sentiment, approximately 39.2% of respondents remain neutral, while 34.7% are optimistic. At the same time, 26.1% indicated they feel frightened or very…
Filed under: News - @ June 2, 2025 8:27 pm