Bitcoin In Reserves? South Korea's Central Bank Won't Bite
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South Korea's central bank has decided against including Bitcoin in its foreign exchange reserves, citing the cryptocurrency's high volatility and lack of international recognition as a reserve asset.
March 18, 2025 | 11:30 am
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South Korea's central bank has decided not to include Bitcoin in its foreign exchange reserves due to its volatility and lack of recognition as a reserve asset.
The decision by a major economy's central bank not to include Bitcoin in its reserves could negatively impact Bitcoin's perception as a stable asset, potentially affecting its price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
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