TECH
North Korea could settle bitcoins with tyrant Kim Jong-un's death, says analyst
Several newspapers around the world began to report on Saturday (25) that North Korea's dictator Kim Jong-un passed away after undergoing cardiac surgery.
North Korea has not yet officially confirmed the death of its supreme leader, despite this, the news has sparked speculation about what the Hermit Kingdom would do with its huge stock of Bitcoin.
A popular Twitter analyst, known as the “Russian Market,” stirred up the debate by suggesting that North Korea would sell a lot of bitcoin stakes in the event of Kim Jong-un's death being confirmed.
Some cryptocurrency market analysts believe that if Kim Jong-un's death is confirmed, it could trigger a settlement in the country's digital currency.
In recent years, North Korea has found an ingenious way to circumvent U.S. sanctions through cryptocurrencies. The country is believed to hold a substantial amount.
As reported by Livecoins. The UN has estimated that North Korea has up to $ 600 million in cryptocurrencies. Much of what it owns is Bitcoin.
If there is a change in leadership, the chaos that would result in a change could see an enormous need for liquidity in the economy, leading to a massive liquidation of the stock the country currently has.
Does Kim Jong Un's death affect Bitcoin in North Korea?
Despite the opinions, several other experts do not expect the situation of the leader (or his death) to be a direct reason for the settlement of bitcoins in that country.
Many also claim that this is unfounded speculation that makes no sense, with some even saying, "Buy Bitcoin".
Source: Lbitcoin/mundophone
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