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.
I deleted the “whale alert” tweet so people stop asking me for a tx hash and because some crypto media outlets are still taking it seriously. The stupidity in this industry is just incredible. https://t.co/4tmikGahDy
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.
I can't believe I have to say this, but North Korea will not market dump all of their bitcoins (or monero) if Kim Jong Un is actually dead.
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.