The Capital
Published in

The Capital

Rumors About Kim Jong-Un’s Health Grew Into Fear of a Bitcoin Dump

After rumors of weak health and the death of North Korean leader Kim Jong-un, rumors also circulated that the country’s bitcoin reserves would be sold out in large numbers.

According to March 2019 data, North Korea stored about $670 million in cryptocurrencies. Many people believe that these coins are under the direct control of Kim Jong-un.

There were reports that the life of the leader of North Korea is in danger after an unsuccessful heart operation, and many began to fear a “North Korean dump.”

However, experts now say that there is no reason to believe that something unusual could happen to Kim Jong-un.

Among other things, CoinDesk correspondent Zack Voell recently posted a joke on his Twitter that claimed that Kim Jong-un’s bitcoins were transferred to the American Coinbase crypto exchange.

Some cryptocurrency news agencies reported that Kim Jong-un’s weak health could lead to lower bitcoin prices, some even taking Zach Voell’s remote tweet seriously.

Author: Marko Vidrih

Featured image credit: Pixabay




A publishing platform for professionals in business, finance, and tech

Recommended from Medium

Bitcoin Private Rebase Progress Update

Complete Guide to Security Token Offering

What is NFT staking all about?

A design of PoE (Proof of Excellence) token #7 — Introduce True Unpredictability

ICO in Mind? Stand out with CAR Rating!

Weekly Bitcoin Technical Analysis (May 17th, 2021)

PlusCoin Press Release

MatrixETF:The Next Generation of ETF, Cross Chain Enabled

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Marko Vidrih

Marko Vidrih

Most writers waste tremendous words to say nothing. I’m not one of them.

More from Medium

Five Arguments Against Cryptocurrency

Why Bitcoin Will Fail

Solo Home Miner Earns 6.25 BTC Reward — Should You Try Your Luck by Mining Bitcoin From Home?

So what is Bitcoin?