South Korea’s Shift: From Bitcoin to Crypto Companies

South Korean investors are making a notable shift away from traditional cryptocurrencies like Bitcoin and toward stocks of cryptocurrency companies. This trend is evident in the significant investment poured into prominent firms like Bitmine, Circle, and Coinbase on US exchanges. Over $12 billion has been invested this year alone, according to recent data. Experts attribute this change to growing interest in decentralized finance (DeFi) applications and increased institutional investments.