From a physical perspective, South Korea and Donald Trump couldn’t be any further apart. But of course, this is the digital age. Everyone’s connected, whether they like it or not. The East Asian country is now bound by the laws of America’s SEC to determine whether or not they can go ahead with Bitcoin adoption.
SOUTH KOREA BITCOIN PLAYS THE WAITING GAME; DONALD TRUMP STALLS
Donald Trump loves being in control and when it comes to crypto and South Korea is powerless against him. Crypto enthusiasts have been obsessed with the launch of Bitcoin exchange-traded funds (ETF’s). At first, it seemed the SEC would approve it without question but after a few tries, we’re still left waiting. While the SEC only operates within the realms of American law, apparently, it has an effect on those around the globe as well. Recently, an unnamed Korean crypto exchange came forth and stated that they are solely waiting on the SEC’s ETF verdict before going will power with their operations.
SOUTH KOREA BITCOIN SAYS 2019 IS THEIR YEAR; DONALD TRUMP SAYS HOLD ON
According to a variety of experts, 2019 will be a good year for Bitcoin ETF’s. Ric Edelman, world-famous American investor told CNBC that trading crypto on U.S. markets is not a question of “if” but more so “when.” So as South Korea and the rest of the world wait for Donald Trump’s green light, we all remain in this bitter cold, crypto winter.
PROTECT YOUR BITCOIN AGAINST SOUTH KOREA AND DONALD TRUMP
While we’re all stuck in this “crypto purgatory” so to speak, what will you do? The crypto winter is not going away anytime soon. At least that’s what the experts say. Yet, we still all need money to survive and many of us, have these crypto assets sitting there. That’s’ where crypto lending platforms come into play.
Platforms like YouHodler allow users to put up their crypto as collateral in exchange for a near instant cash loan. Choose from BTC, BSV, BCH, LTC, XRP and ETH as collateral options. With competitive interest rates and loan to value ratio’s as high as 80%, this platform allows you to get the most cash without having to sell your crypto.
It’s perfect for hedging your crypto portfolio during the crypto winter, paying for mining expenses or getting capital for more investments during a bull run. Whatever the situation, a crypto loan is a great tool for serious traders and miners. Check them out today.