韓國政治危機將「泡菜溢價」推至四個月高點

韓國投資者對比特幣的興趣激增，恰逢東亞政治動盪不斷升級。

The political turmoil in South Korea has had a significant impact on the local cryptocurrency market, driving up the so-called "Kimchi Premium" to its highest level in four months.

韓國的政治動盪對當地加密貨幣市場產生了重大影響，推動所謂的「泡菜溢價」升至四個月來的最高水平。

This premium, which reflects the price difference between Bitcoin on South Korean exchange Upbit and global crypto exchange Coinbase, rose by 3-5% last week, according to data from CryptoQuant.

根據 CryptoQuant 的數據，這項溢價反映了韓國交易所 Upbit 和全球加密貨幣交易所 Coinbase 上比特幣的價格差異，上週上漲了 3-5%。

A higher Kimchi Premium typically indicates strong demand for Bitcoin among South Korean investors.

泡菜溢價較高通常表示韓國投資者對比特幣的強勁需求。

This demand was also evident in the market for Tether, with a similar indicator showing a comparable spike in premium.

這種需求在 Tether 市場上也很明顯，類似的指標顯示溢價也出現了類似的飆升。

Ki Young Ju, founder and CEO of CryptoQuant, highlighted the role of capital outflows and inflation fears in driving this demand.

CryptoQuant 創辦人兼執行長 Ki Young Ju 強調了資本外流和通膨擔憂在推動這一需求中的作用。

"South Korea faces an unprecedented wealth outflow amid political turmoil, declining birth rates, and slowing growth," he explained.

「在政治動盪、出生率下降和成長放緩的背景下，韓國面臨前所未有的財富外流，」他解釋道。

"Inflation fears drive conversions of won assets into US stocks, Bitcoin, gold, and dollars. Many crypto investors prefer exchanges over banks, with Tether and Bitcoin trading at 2-5% premiums."

「通膨擔憂推動韓元資產轉換為美國股票、比特幣、黃金和美元。許多加密貨幣投資者更喜歡交易所而不是銀行，Tether 和比特幣的交易溢價為 2-5%。”

Ju further illustrated this point by sharing a chart on his Twitter page, which can be viewed here.

Ju 在他的 Twitter 頁面上分享了一張圖表，進一步說明了這一點，您可以在此處查看該圖表。

The political landscape in South Korea has been volatile, with President Yoon Suk Yeol's brief declaration of martial law earlier this month being swiftly reversed after only six hours.

韓國的政治格局一直不穩定，本月稍早總統尹錫烈短暫宣布戒嚴令僅六小時後就迅速撤銷。

Yoon was subsequently impeached by the National Assembly on December 14, and Prime Minister Han Duck-soo was appointed as the acting president.

尹隨後於12月14日被國會彈劾，國務總理韓德洙被任命為代理總統。

In the latest development, parliament also voted to impeach Han on Friday, marking the first time an acting president has been impeached in the country.

根據最新進展，議會週五還投票彈劾韓國瑜，這是該國首次代理總統被彈劾。

Amidst these political upheavals, South Korea also faces economic challenges, including rising inflation, and external threats, such as nuclear tests by North Korea.

在這些政治動盪中，南韓還面臨經濟挑戰，包括通膨上升和北韓核試等外部威脅。

The Korean won and bonds have declined in value, while insurance against a default on Korea's sovereign bonds has surged as the political crisis heightens investors' concerns.

韓元和債券貶值，而隨著政治危機加劇投資者的擔憂，針對韓國主權債券違約的保險激增。

It's worth noting that the volume of crypto exchanges in Korea regularly outstrips that of stock exchanges, making South Korea a prime example of a cryptocurrency retail market.

值得注意的是，韓國的加密貨幣交易所交易量經常超過證券交易所，使韓國成為加密貨幣零售市場的典範。

Korean cryptocurrency exchanges do not permit the establishment of corporate accounts, indicating that the vast majority of South Korean crypto activity comes from individual investors.

韓國加密貨幣交易所不允許設立公司帳戶，這顯示韓國的加密貨幣活動絕大多數來自個人投資者。