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CryptoQuant CEO: Domestic assets such as the Korean Won have no appeal, considering whether to leave South Korea

CryptoQuant CEO: Domestic assets such as the Korean Won have no appeal, considering whether to leave South Korea

Bitget2024/12/19 09:28

On December 19, CryptoQuant CEO Ki Young Ju posted on social media saying: "Domestic assets such as the Korean won have no appeal at all. The government has not realized this and is just blindly maintaining prices, which leads to a surge in exchange rates. The USDT traded on Upbit has already reached an IMF crisis-level exchange rate.

I personally believe that there is currently a massive outflow of national wealth. Many wealthy people I know are leaving South Korea. Isn't the outflow of national wealth a reflection of the country's cognitive ability?" He further pointed out: "The government should not forcibly retain capital fleeing overseas, but should think about how to make capital voluntarily return.

We need to cultivate industries, provide incentives for investors, and open up business opportunities. I hope we can stop these pointless regulations. Since I don't understand domestic politics very well, I don't know who can make such changes. As a Korean company, I've persisted for 7 years, but now I'm also considering whether or not to leave South Korea. It's really too frustrating."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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