- 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.
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 fearful, which shows wariness in trading. These feelings suggest that doubt persists, despite the improving situation.
Crypto Policies Impact South Korea’s Election Voters
The survey also examined the role that cryptocurrency regulations will play in the upcoming South Korean election on June 3. Among the polled, 34.2% agreed that their voting decision, to some extent, would be influenced by crypto policy. About 26.5% stated that the candidate’s cryptocurrency policy pledges play a significant factor. Another 18.2% indicated that policies have a minor impact on their voting decisions.
Related: South Korea Presidential Race: Lee Jae-myung Ahead as Crypto Regulation Becomes Key Issue
While 10% of respondents believe cryptocurrency policy is the most important factor for them when deciding how to vote. This demonstrates that digital currencies are getting more involved in South Korean politics. Now that Bitcoin is gaining more attention, investors and voters are treating it as a significant issue. The value of Bitcoin and how crypto policies influence the election reveal the strong connection among digital assets, market trends, and politics.
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