Which is the number 1 in Bitcoin demands?

[Master107]

Image Source.
Allow me to pick the two countries.

United State is one of the busy country in crypto. The place where there are big exchanges, trading, and minings. The home of  elite personalities, and more holders.


South Korea the growing Asean country that seems more and more demands are coming. This is also the busy country and more traders and maybe holders came from here.


I know there are more countries involve in Bitcoin adoption. You can share your number 1 country in Bitcoin.

[XM8]

If you hadn't shared this information with us, we probably wouldn't have known that North Korea is ahead of the US in using bitcoin.We all know that America is one of the richest and most modern countries in the world. However, it is unbelievable that North Korea is using bitcoin more than America.But hopefully America will come back soon.

[Zed0X]

Few factors to consider before jumping to conclusions:

• Supply of BTC on S. Korean exchanges - the word supply shock is very important here. People thought there will be less and less BTC that will be circulating there for whatever reason (could be regulation) and rushed in to buy whatever BTC is available on the market. The demand is probably the same in other countries but the foreseen supply shortage caused the price to pump
• Value of KRW vs USD - currency exchange rates could be misleading in determining demand

If you hadn't shared this information with us, we probably wouldn't have known that North Korea is ahead of the US in using bitcoin.

That's South Korea.

There is no official/public crypto trading in North Korea. In fact, the US agencies are alleging that most of the crypto hacker groups are come from North Korea.

[robert20]

It is really shocking how adoptiive S Korea is about BTC. I first knew anout it that btc is trading at 15% more price than other countries of the world. This is really crazy that there is a much more demand. Crypto is starting to show us its power. Anyway thanks for sharing this unique info with us.

[0t3p0t]

If you hadn't shared this information with us, we probably wouldn't have known that North Korea is ahead of the US in using bitcoin.We all know that America is one of the richest and most modern countries in the world. However, it is unbelievable that North Korea is using bitcoin more than America.But hopefully America will come back soon.

It's South Korea mate. 😅

But back to the topic, I was surprised about the 15% premium on Bitcoin trading in South Korea if you we're not posting this I will be clueless. Isn't it the supply and demand that makes it more expensive, or the regulation?

[smrityirany]

U S A is the haven of Bitcoin transection. they have adopt it for their money transection. Many other countries have shown their interest in crypto currency. Among the other countries South Korea is very advanced. Bitcoin is very popular there. Even at this time South Korea is more advanced than U S A.

[AlviNess]

I think America is ahead of North Korea in investing and other areas using bitcoin.Because we think the focus of Bitcoin is America. Because the big investors are from America. Such as Tesla Elon Musk, Bill Gates and other investors.So considering the overall aspect of Bitcoin, I would put America ahead of North Korea.

[GoodLuckToken]

I had to go with the US in this one..

[gurunanakji777]

Increased price shows the demand for Bitcoin in South Korea is quite good and because of high demand the value of BTC is higher than the normal price. I also believe the USA and South Korea is the topmost country that adopts bitcoins in terms of the total percentage of crypto users.

[Lukasz]

In 2017/2018 Btc starting the bear market was in huge disproportion to the price in Korea and we can see a similar situation today. Korea is high in adoption rate also being a highly industrialised society and a fiarly closed ecosystem

[Anonylz]

If you hadn't shared this information with us, we probably wouldn't have known that North Korea is ahead of the US in using bitcoin.We all know that America is one of the richest and most modern countries in the world. However, it is unbelievable that North Korea is using bitcoin more than America.But hopefully America will come back soon.

It's South Korea mate. 😅

But back to the topic, I was surprised about the 15% premium on Bitcoin trading in South Korea if you we're not posting this I will be clueless. Isn't it the supply and demand that makes it more expensive, or the regulation?

Yeah me too and I quickly clicked USA in the polls. Bitcoin adoption is really growing worldwide and come to know that there are places where the demand is this high is shocking and interesting at the same time and yes, mostly supply and demand always determines the price but we could also guess regulation do too cos that might also lead to scarcity.