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This is not only reflected in the Koreans rushing to buy BMNR stocks.
Currently, South Korea's largest crypto exchange, Upbit, also sees daily trading volume of ETH far exceeding BTC by about 70%, and the gap with the leading coins in Japan and South Korea, like XRP, is also getting smaller.
So now, not only are listed companies and institutions buying up ETH, but Korean folks are also in on it.
12.8. klo 12.50
This morning I asked a few Korean guys, and their reasons were quite straightforward. Besides high volatility stocks, cryptocurrencies, and the boss being an internet celebrity, the main point is that among all the popular micro-strategies in North America, except for BMNR, there isn't a single Asian owner!
This has led to: Korean descent + ethnic sentiment + media-driven market trends. This has only briefly appeared in the past history with ICON and LUNA.
Additionally, since BMNR has become the largest ETH reserve institution, the community interprets it as Ethereum being held and controlled by BMNR.
I never expected that market trends driven by ethnic sentiment would have such a significant impact.
The last words from the guy: Ethereum belongs to Korea.
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