Political turmoil in South Korea 🌪️ has sent the won plunging to its lowest since 2009. This has had an impact on Bitcoin's "kimchi premium," with local investors paying 3% more for BTC than in other countries.

The impeachment of the president and prime minister has heightened instability, highlighting the fragility of democracy. 📉 As a result, Koreans are buying BTC as a hedge against the won's depreciation.