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[AudraMiller]

In 2017, the South Korean government had confiscated a large amount of crypto from a user who was making use of the coin for criminal activity. This same amount of Bitcoin that was confiscated is now worth of 10 million dollars, showing the benefit that it can bring to the Korean government. In a report this has apparently been moved to the national treasury for the country, showing that Korea is seeing the benefits of this price hike.

 

[Brain]

Of course the price hike might make the government even begins to be more interested in the crypto currency world. One can make big with bitcoin when the time is right

 

[Wisdom01]

Wow the price increase level is still a surprise for me , i have always been optimistic when it comes to bitcoin price kind of movement this is really good

 

[Binita100]

10 million dollars ?, this is a huge one i know if they hold it in many more years the value would increase and they would have more revenue

 

[Niftyicon]

Good one for the South Korean government. All funds traced to crimes and criminals should be pooled towards the development of the country and its people especially huge sums such as this.

 

[AudraMiller]

Of course the price hike might make the government even begins to be more interested in the crypto currency world. One can make big with bitcoin when the time is right

I definitely agree with you here, and perhaps as a result of this we may start to see more governments start to see the benefits that are associated with these currencies. That would be a good thing for future price hikes as well.

 

[Wisdom01]

10 million dollars ?, this is a huge one i know if they hold it in many more years the value would increase and they would have more revenue

They would want to hold it so that when the value increase they would make more profit as the case may be , i hope the money is utilised in the right place

 

[Binita100]

I definitely agree with you here, and perhaps as a result of this we may start to see more governments start to see the benefits that are associated with these currencies. That would be a good thing for future price hikes as well.

It would be a very good thing for future hike and increase in price i wish such could continue its definitely going to help the crpto community

 

[Wisdom01]

It would be a very good thing for future hike and increase in price i wish such could continue its definitely going to help the crpto community

It would help the crypto community when the government start participating and involving themselves in the actual use of crypto currency ,so its adding more benefits

 

[AudraMiller]

It would help the crypto community when the government start participating and involving themselves in the actual use of crypto currency ,so its adding more benefits

Yes definitely it would do so, and the good thing as well is that it will also be able to benefit the economy of the country as well so the crypt world and the country will see major benefits.

 

[Wisdom01]

Yes definitely it would do so, and the good thing as well is that it will also be able to benefit the economy of the country as well so the crypt world and the country will see major benefits.

Yeah thats we all hope for , and crypto currency have tried some country economy despite the pandemic , because a lot of people took trading crypto as an employment opportunity