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Apr 28, 2020
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Rumors About Kim Jong-Un’s Health Grew Into Fear of a Bitcoin Dump

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By Marko Vidrih on The Capital

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


Rumors About Kim Jong-Un’s Health Grew Into Fear of a Bitcoin Dump was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

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