South Korean Investors Trust Bitcoin as a Savior After Martial Law

South Korean investors flocked to buy Bitcoin (BTC) considering Bitcoin as a financial savior, after the chaos of the martial law declaration by South Korean President Yoon Suk Yeol.

The investors' move has had an impact on the increase in the price of Bitcoin in South Korea or known as Bitcoin's Kimchi Premium which has soared by 3-5%. This shows the increasing demand in the face of political chaos and economic difficulties.

Meanwhile, according to CryptoQuant CEO Ki Young Ju, economic problems are driving the flow of investor wealth to deal with inflation by exchanging it for various assets, namely US dollars, Bitcoin, and gold.

"Fear of inflation makes people exchange their won for US dollars, Bitcoin, and gold," he said.

For information, local South Korean crypto platforms often record higher trading volumes than stocks.