Coin expert Oh Tae-min said, "Only Korea plunged on the day of martial law?..."Ripple" and "Tether" focus attention

<O Tae-min, an adjunct professor of blockchain at Konkuk University>
- On the day of martial law, the level of bombing of the virtual asset exchange..Investors panicked after selling for W80 million on the same day
- Virtual assets, originally assets to respond to geopolitical crisis.. But why did only Korea crash on the day of martial law
- Ripple stablecoin approval news soars
- Trump appointment, virtual asset 'Tether' conscious measure?

YTN Radio (FM 94.5) [YTN News FM Lee Ik-seon Choi Soo-young Issue & People]

□ Broadcast date and time: December 11, 2024 (Wednesday)
□ Host: Choi Soo-young
□ Cast: Oh Tae-min, an adjunct professor of blockchain at Konkuk University

- The value of virtual assets has caught up with 'silver'. Google Pursues Market Cap, Can We Win Gold Prices?

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information.
◆Choi Soo-young: The issue is money, this time gives you valuable information that makes money just by listening carefully. Hit instructors in each field deliver how to reduce taxes, real estate stock trends, and pensions. Today, Oh Tae-min, an adjunct professor of blockchain at Konkuk University, came out. Please come in. Professor Oh Tae-min is a very hot protagonist these days. You've been very busy these days because of the Bitcoin craze, right?

◇ Oh Tae-min: I'm busy.

◆Choi Soo-young: Especially after Trump's inauguration, I think you've done more.

◇ Oh Tae-min: It was hectic. My schedule keeps coming in. I think they're interested because everyone's going up.

◆Choi Soo-young: Listeners who are listening and those who are curious about virtual assets including Bitcoin, there is also a YTN application that can be used by text message or free of charge. YouTube's visible radio is also open, so please text me if you have any questions and Professor Oh Tae-min will sincerely answer again. Recently, a change has occurred in Korea, and major assets have plummeted due to President Yoon Suk Yeol's declaration and lifting of emergency martial law and the subsequent aftermath. First of all, the stock market capitalization has dropped 144 trillion won in four days, right? What do you think?

◇ Oh Tae-min: Virtual assets also dropped suddenly that Tuesday night. Bitcoin, which continued to rise to 130 million won, was 8,000 in front of me. So I thought I had to buy this, but it didn't go in and all the apps died. So, the scene where you can't live even if you have money lasted for hours.

◆Choi Soo-young: The situation where you can't live even if you have money. .

◇ Oh Tae-min: Yes, the so-called Korean exchange has been detonated. That's why there's a huge volume of trading. I wasn't prepared.

◆Choi Soo-young: That's something we didn't have in mind at all, but it happens.

◇ Oh Tae-min: That's a very mysterious incident. If Korea's economy is bad, theoretically, we have to abandon the won and save dollars. In the virtual asset market, bitcoin is almost dollars. Because it's the same price, it's the most likely and certain. I can't buy dollars at that time in the bank, so I have to choose bitcoin and throw away the won. The opposite has occurred.

◆Choi Soo-young: Do you buy Korean won and sell bitcoin?

◇ Oh Tae-min: I threw it away. So it's really weird. That's why it didn't last long just because I was told what happened. So, those who threw in a panic of 80 million won suffered a big loss. If you happen to have a Korean won digital code there at that time, I bought it and couldn't deposit it. It was blocked. Those who bought with the money on the exchange made a big profit of more than 30% in less than a night, right?

◆Choi Soo-young: I see. So, the phenomenon is that the servers of major virtual asset exchanges are paralyzed, but how has the fall been alleviated now? Or please explain the current situation.

◇ Oh Tae-min: I made up for it the very next day. The virtual asset is in a state of calm as it is. Korean stocks continue to fall and the won exchange rate is going up. It's that situation now, and we're maintaining a normal price by reflecting all of it.

◆Choi Soo-young: So, the foreign exchange market is rather irregular with our exchange rate and stocks, but the Bitcoin market has definitely stabilized the virtual asset market.

◇ Oh Tae-min: That's right. It's stable right away.

◆Choi Soo-young: Why do you think it is different from the stock market or the exchange rate market?

◇ Oh Tae-min: The most important thing is the nature of Bitcoin and virtual assets. This is because markets around the world are synchronized for 24 hours.

◆Choi Soo-young: So the other thing about us is that the market is always closed and open.

◇ Oh Tae-min: Isn't there a time difference in the Korean market? So things like the stock market are synchronized, but there's a time difference, and these virtual assets are open 24 hours a day by virtual asset exchanges around the world.

◆Choi Soo-young: You're doing it in real time.

◇ Oh Tae-min: And although the Korean won market is a little isolated, there are many detours. So you can send coins like Tron to foreign exchanges, sell them if they're expensive, and buy them if they're cheap.

◆Choi Soo-young: I'll do it while asking. Then, when it crashed on a domestic exchange, there was no change on an overseas exchange, what is the reason?

◇ Oh Tae-min: A lot of people ask me that. In particular, since the Korean exchange crashed, I thought that the world exchange should also lose some bitcoin. I was also puzzled. Korea is by no means a small country in terms of transaction volume. And Korea is one of the most developed countries, and if something unimaginable like this happened, such as martial law, it should be a signal, but for example, if Iran bombs Israel, the price falls. Bitcoin reflected the situation in the Middle East. But this time, Korea's domestic politics did not reflect at all.

◆Choi Soo-young: Does that mean the world acknowledges that we are stable?

◇ Oh Tae-min: That's possible. I think there's an interpretation that there's nothing going on, and didn't we actually recover through legal action? So I think there's also trust in that. So I don't think they see us like the Middle East.

◆Choi Soo-young: Then this martial law incident could be another example of how we clearly showed stability in the virtual asset market.

◇ Oh Tae-min: That's not what I'm curious about. My most curious question is why virtual assets did not skyrocket when a change occurred in Korea. The reason is that Bitcoin and such are assets that are originally intended to prepare for a geopolitical crisis.

◆Choi Soo-young: Is it the original attribute?

◇ Oh Tae-min: That's right. So, in any country, there are barriers for the general public or individuals to access dollars. But Bitcoin can replace dollars and there are no barriers. Then, in the case of Korea, if this change occurred like this, if this is really panic, on the contrary, bitcoin should skyrocket in Korea and skyrocket bitcoin around the world. That's why I have to buy it.

◆Choi Soo-young: That's why I have to buy it. It's a stable asset.

◇ Oh Tae-min: Because Korea is not just a market that doesn't have that purchasing power like in the Middle East or things like this, but a market that has a huge purchasing power.

◆Choi Soo-young: We are also in the top ranks in the global market.

◇ Oh Tae-min: And Korean virtual currency investors are famous. Leading the world market. Sometimes it's bigger than the dollar market. The won market. However, the price fell in Korea, and not only was it not affected, but Bitcoin had to be pushed up in the aftermath after that, but it didn't even go up.

◆Choi Soo-young: That's hard to interpret, too.

◇ Oh Tae-min: It's hard for me to interpret either. I think.

◆ Choi Soo-young: That's why virtual asset investors are so happy and sad right now. Investors who sold right after the martial law was announced were sighing, and investors who bought low-priced purchases made high returns in a short period of time, so to what extent did this happen?

◇ Oh Tae-min: It's hard for us to estimate, but Upbeat's trading volume exploded that day. So, from what I heard through the official, I know that the daily fee was more than 50 billion won that day. Just a one-day fee. Then a huge number of people have mixed feelings of joy and sorrow.

◆Choi Soo-young: So how much did investors who bought the low end earn?

◇ Oh Tae-min: I watched 30% of it in a day.

◆Choi Soo-young: That's impossible in the general stock market.

◇ Oh Tae-min: That's right. There's no such thing. What do you call it? There is no such thing as a suspension of transactions or no such thing. One day is an exaggeration. Actually, it's only been two hours.

◆Choi Soo-young: This is a lottery. Lotto.

◇ Oh Tae-min: I watched it in person, but I couldn't buy it.

◆Choi Soo-young: I heard you didn't go in.

◇ Oh Tae-min: I was out of my mind for now. I was thinking about buying it, but I think I thought about something else more.

◆Choi Soo-young: You're regretting this now that you missed those two hours.

◇ Oh Tae-min: Of course, I have some bitcoin, but then those who don't have it had a chance to buy it, but everyone missed it.

◆Choi Soo-young: Well, the professor doesn't think much about the rest of his life thanks to Bitcoin. . . It was impressive when I was interviewing him at that time. You live without worry. So after the incident, U.S. investors said Koreans were the drivers of the virtual currency market. This means that Korean virtual asset investors are a big hand in the overall virtual asset market and a leading force in the market in the future. Is it right?

◇ Oh Tae-min: I'm also being ridiculed for this. So, there are cases where new coins debut in the Korean market, pump, and dump to open the pockets of Korean investors. So it's not necessarily a good thing to say. So, like the Hallyu idol culture in Korea, Altcoin, which excludes Bitcoin from this virtual asset, is sometimes used as a debut stage.

◆Choi Soo-young: So, it's kind of like an antenna market.

◇ Oh Tae-min: I think it's very compact and very passionate. Korean investors. So I think I'm testing it quickly and losing it quickly. Time goes a little late in other countries. Korea is very, very compact.

◆Choi Soo-young: Actually, we've played a lot of roles as antenna markets. In other industries, we have something that we do quickly and then make sure of, but virtual currency also has something like that.

◇ Oh Tae-min: We're not that high in Bitcoin. The ranking is yes, but the promising ones are especially liked by Koreans.

◆Choi Soo-young: Isn't that a little dangerous?

◇ Oh Tae-min: It's dangerous. For example, there is a coin called Tron. It tripled and quadrupled on the night of December 3rd. It's been halved for a week. The reason why Tron Coin ran like this was because the exchange was blocked in Korea, so it was used to send it to foreign countries through Tron and buy Bitcoin.

◆Choi Soo-young: How does Tron work?

◇ Oh Tae-min: It's a kind of virtual currency. The fee is very cheap. That's why many people use it to transfer Tron between exchanges. People who use the exchange like that are very familiar. Since there are not only Korean exchanges, but also foreign exchanges, I'm not trying to keep them for a long time, but after a short period of time, the price increased three to four times that night because of the Korean market, and the situation stabilizes for a week, so it's halving now.

◆Choi Soo-young: In the case of Tron, there is a stable element that many people know about as well as Bitcoin. Tron is cheap, so it's easy to touch, but I think there's also a risk.

◇ Oh Tae-min: There are many people who have suffered for a long time because they were bitten by Tron. So, if we wait for about three years, Bitcoin will almost recover at any price.

◆Choi Soo-young: It's almost like a blue chip for us. So if you look at the existing stock market.

◇ Oh Tae-min: However, there are many cases in which the principal of the remaining coins except for bitcoin cannot be recovered even after 7-8 years of purchase.

◆Choi Soo-young: That's a bit of a risk. That's right. Then you have to look at it carefully.

◇ Oh Tae-min: That's right. But there are more than 20,000 types of such things.

◆Choi Soo-young: I wouldn't be able to memorize that name even if there were more than 200 species. That's so diverse. But I think many people are curious about this. In particular, Ripple, which recently hit its highest price in six years... Ripple is on the verge of 4,000 won, so why did it skyrocket so much?

◇ Oh Tae-min: Ripple rather than Bitcoin has benefited the most from the election of President Trump.

◆Choi Soo-young: Why is it Ripple?

◇ Oh Tae-min: To know this, you need to know the legal issues surrounding this virtual asset. Bitcoin is not clear to the issuer, is it? And the issuer didn't sell it. So it's very ambiguous to interpret this as securities. But after Bitcoin, Ethereum made coins and sold them to receive investment and set up a system. In a way, it's a securities company. So the Securities and Exchange Commission of the United States stipulated that the rest of the coins except Bitcoin were securities and kept holding their hind legs.

◆ Choi Soo-young: Are you going to apply it to the institutional market?

◇ Oh Tae-min: That's right. Selling unlicensed securities is a violation of federal law.

◆Choi Soo-young: That's right. It's strong there.

◇ Oh Tae-min: I have to go to a federal prison. So I bullied Ripple a lot. Previously, Gary Gensler sec, chairman of the committee, who is about to leave office, told Day One that he would fire Gary Gensler.

◆Choi Soo-young: Then you're removing the risk factor.

◇ Oh Tae-min: That's because Gary Gensler has rarely disappointed Bitcoin. Rather, Gary Gensler approved the Bitcoin ETF in January of this year, didn't he? Bitcoin was very low in that approval statement. So I said, "You're lazy, your behavior is bad, you're arrogant, you're accepted."

◆Choi Soo-young: That's a contradiction.

◇ Oh Tae-min: Absolutely.

◆Choi Soo-young: It's a hot iced Americano.

◇ Oh Tae-min: That's right. He passed me like that, but I kept filing a lawsuit against Ripple. But before Gary Gensler was humiliated to retire on his own, he said he would retire on his own, so he started rippling.

◆Choi Soo-young: The uncertainty has been resolved.

◇ Oh Tae-min: Isn't there an expectation for resolving legal uncertainty and then the Galinghouse named CEO Ripple who made a huge donation to Trump and Trump is trying to have a crypto asset advisory op-ed in the White House this time? It's already been announced, but before that, the New York Times reported that Garling House is in possession. And it went up like crazy.

◆Choi Soo-young: So, the uncertainty has been removed and the person who clearly has institutional authority will be brought in again.

◇ Oh Tae-min: You're going to use the CEO in the White House.

◆Choi Soo-young: Since you said you'd use it, you might have thought that it was a time to sit down, build the land, and swim.

◇ Oh Tae-min: And there's another one. This is the news that came out right away today. Stablecoins are as hot as Bitcoin these days. So, it's a virtual asset that's been tagged for dollars. Ripple Labs today received approval from the New York Financial Supervisory Service for stablecoins.

◆Choi Soo-young: It's officially approved.

◇ Oh Tae-min: That's why Ripple can make and distribute stablecoins instead of Ripple in the future.

◆Choi Soo-young: Then is the bitcoin market over there, so is it being reorganized from the virtual asset market?

◇ Oh Tae-min: The ripple effect has become very good. Because President-elect Trump said he would support U.S.-made coins in the course of his pledge. Ripple is from the United States.

◆Choi Soo-young: Then the listeners of this show should pay attention to Ripple now.

◇ Oh Tae-min: Ripple initially issued 100 billion copies.

◆Choi Soo-young: Then are you exhausted again?

◇ Oh Tae-min: No. Someone sells it when you go up because you have so much.

◆Choi Soo-young: Anyway, you mean that there is a possibility in the future.

◇ Oh Tae-min: So you have to look at Ripple's business flourishing and Ripple's coin separately.

◆Choi Soo-young: Coins are separate from thriving businesses.

◇ Oh Tae-min: There's actually no causal relationship. So, no matter how much Ripple works with banks, Ripple's coin itself is called xrp, but it's not used. I'm using that network called Ripple. Then, even if Ripple issues a stable coin, the stable coin is important, and people buy it in anticipation of the price going up unconditionally if there is good news in the coin market. That's why good times have come for Ripple for the time being.

◆Choi Soo-young: To sum up, it means that the company thrives and has a good image, but not necessarily the company's products.

◇ Oh Tae-min: Because coins are not the company's stock.

◆Choi Soo-young: Okay. We are listening to very useful information with Oh Tae-min, an expert on virtual assets in the second part, and an adjunct professor of blockchain at Konkuk University. "Is there a half-life theme for this coin?" Could a surge rally happen like the last half-life? ’ That's the question. Professor, please explain.

◇ Oh Tae-min: There is a festival every four years in the world of Bitcoin. Bitcoin is mining. The amount of mining is halved once every four years. That's how the program was supposed to be. That's called half-life.

◆Choi Soo-young: I thought you were saying you had a half-hearted cold. I'm just kidding.

◇ Oh Tae-min: I've been walking sideways for about six months after this became half-hearted. After six to eight months, it skyrockets.

◆Choi Soo-young: So this has a little cycle?

◇ Oh Tae-min: That's now. January and February next year are the full-fledged soaring market.

◆Choi Soo-young: So this listener knows exactly the flow right now, right?

◇ Oh Tae-min: You said it knowingly. However, the trend has been accelerated by two months due to the election of President Trump. That's why it has to be seen as something that's already starting.

◆ Choi Soo-young: The surge has already begun?

◇ Oh Tae-min: It started to skyrocket, but it doesn't keep going up even when it goes up, but it goes up with this sharp adjustment. You must have been surprised yesterday and today. What happened yesterday was that Microsoft said it would not include Bitcoin at the shareholders' meeting. Originally, the agenda was $78 billion because Microsoft has a lot of money.

◆Choi Soo-young: It's a huge institutional investment.

◇ Oh Tae-min: Only 1% of them contain bitcoin. Inflation was terminated, and we held a shareholders' meeting on December 12th local time, but it was rejected after raising expectations.

◆Choi Soo-young: The board of directors voted it down at the shareholders' meeting.

◇ Oh Tae-min: That's why we're down 5% overnight. Bitcoin.

◆Choi Soo-young: Then the people who looked forward to it must have fallen out.

◇ Oh Tae-min: I saw him before he came in and he recovered a lot. Even in this soaring market, they are constantly being adjusted endlessly. So for those who think about investing in Bitcoin late now, this is definitely not a bad time. You have to come in with confidence. Otherwise, it's called ant-shredding. The organs keep kicking and shaking the trees.

◆Choi Soo-young: Then let's rob all the little ones.

◇ Oh Tae-min: That's right. So those who are not sure have no choice but to sell it for 80 million won like in the martial law incident. I go up through those things.

◆Choi Soo-young: Then even if this is a soaring rally, we should watch it carefully.

◇ Oh Tae-min: That's right. So if you think you lost a lot of weight, it's not bad to go in then.

◆Choi Soo-young: It's the know-how to survive in this virtual asset market.

◇ Oh Tae-min: Yes, that's right.

◆Choi Soo-young: As you said now, since President Trump has been mentioned, virtual assets have continued to rise since the U.S. presidential election, but we have agreed to postpone taxation of virtual assets by two years in Korea. So, there are predictions that the upward momentum will increase, but on the other hand, the criticism that it is still overheating seems to be conflicting. How do you see it?

◇ Oh Tae-min: A little overheating is overheating. Because I think the best time for investing in virtual assets is 2023. At that time, we didn't even call me in the media like this. But it's doubled in a year without any sound. But 2024 was a bit loud. Because when Bitcoin ETF was approved in January, it exceeded 100 million won in Korean money, so I was very busy, but it turned off again. So, it came a long time from 87,000, and now it has come to 140 million won with President Trump's election. I think at least 170 million people will go.

◆Choi Soo-young: The growth rate continues like this.

◇ Oh Tae-min: That's right. I don't think it'll be that difficult to reach 170 million, but the reason is the problem. If it exceeds 170 million won and reaches 220 million won in Korean money, there will be a lot of people who are about to enter this market only then. And everyone is going to talk about Bitcoin. When that happens, it turns off like a sinkhole.

◆Choi Soo-young: It's turning off. When there's a sinkhole, it just falls off at once.

◇ Oh Tae-min: You can think that what went up for 6 months disappears in about a week.

◆Choi Soo-young: You might not even want to imagine it.

◇ Oh Tae-min: So from now on, those who are thinking about investing in bitcoin or something like that should be prepared.

◆Choi Sooyoung: What happens then? So I understand it to mean to be careful, but then which part should I pay attention to?

◇ Oh Tae-min: First of all, it's better not to pay attention to altcoins that are rising a lot. Because those things have to be prepared already. It's going to go up, but it's hard to go in because we chose one out of 20,000 right now.

◆Choi Soo-young: Do you think you've reached the limit of your growth?

◇ Oh Tae-min: That's right. But I can definitely hear it from people around me. It goes 100 times a night or 1,000 times a week. Bitcoin doesn't go like that. of a large mass But while Bitcoin is doubling, the altcoin market is not this rare case of 100 times.

◆Choi Soo-young: So if it's volatile, it's a bit risky.

◇ Oh Tae-min: It's very dangerous. That's why R2 investment is very dangerous in this market. But most of them don't start Bitcoin, they start with Altu. But what's the point of not doing Bitcoin in this market? Because you end up doing it.

◆Choi Soo-young: So in the end, you have to go to the big one to win again.

◇ Oh Tae-min: There's no one who doesn't know Bitcoin right now. I know everything, but I don't do it, but after a while, I regret not doing it. So I've been trading this for 10 years, so I have my own know-how, but I can't stop it. So I advise you to just do it now and come out quickly.

◆Choi Soo-young: Buy bitcoin quickly and get out quickly?

◇ Oh Tae-min: That's right. So don't set my target twice as absurd as this, set it 1.5 times, and come out right away when it's 1.5 times.

◆Choi Soo-young: So don't think about eating too much?

◇ Oh Tae-min: That's right.

◆Choi Soo-young: But actually, I don't think it's normal to see the right line.

◇ Oh Tae-min: I'm observing that human greed is endless. And I'm overconfident. In a market like this, most people win. But they misunderstand that investing is not their main job just because they are born with great talent.

◆Choi Soo-young: You might quickly realize that it was a mistake.

◇ Oh Tae-min: What happens if that happens is that you suffer a lot for three years. It takes about three years for this market to have this atmosphere again.

◆Choi Soo-young: I see. So, to recover this, you have to endure that much time and endure a really hard time.

◇ Oh Tae-min: But this is what I'm saying on the premise that this market is the same as the half-life market in the past. When the Trump administration begins in earnest in January next year, we need to look at legislation or policies. Indeed, if President-elect Trump guarantees the stockpile of bitcoin through policies, there is a possibility that a completely different landscape will unfold.

◆Choi Soo-young: They say they will make it the Washington dollar style of the United States. President Trump.

◇ Oh Tae-min: Anyway, he said he would make it a virtual currency capital.

◆Choi Soo-young: So one question is, in the midst of this, Trump Media is seeking to acquire a cryptocurrency exchange. This news excited the market a little bit, but I think it needs to be explained a little bit.

◇ Oh Tae-min: Trump himself issued virtual assets. Those sons are also in this virtual asset industry.

◆Choi Soo-young: That's what I heard.

◇ Oh Tae-min: That's why my oldest son came to Korea twice last year. He almost met me once. Then, it was canceled.

◆Choi Soo-young: It was a good opportunity.

◇ Oh Tae-min: That's how much Trump's sons like virtual assets and are hooked. But isn't there a Trump media called Truth Social? The media group announced the acquisition of a company called Vect. What kind of company is Beckt? There's the New York Stock Exchange, right? The New York Stock Exchange is a private company. The parent company of that company is called IC, and the company invested in it is called Bet. The Bect was done with Starbucks. So don't Starbucks have a deposit or something with virtual assets right now? So I converted it into a virtual asset, gave it as a virtual asset, paid with mileage points, and so on, but Starbucks fell out. At the same time, Beck became a little difficult, but Trump Media announced that it would take over, so the market value of Backt increased and Trump Media's market value increased. But the problem is that this is not common sense in Korea. Even if we hear it... But in the U.S., a lot of people allow it, but there are also objections in the U.S. right now. This is a typical prediction. So this is a conflict of interest because if the Trump family invests in virtual assets and Trump pushes virtual assets in policy, Trump's wealth will increase.

◆Choi Soo-young: In the case of our country, we can say that it is beyond conflicts of interest and that it is a manipulation of state affairs.

◇ Oh Tae-min: That's right. However, even though it is widely allowed in the United States, there are objections that it is not a manipulation of state affairs, but a conflict of interest.

◆Choi Soo-young: I think that's a little too much.

◇ Oh Tae-min: That's right. So I think maybe it's hard to do this so blatantly.

◆Choi Soo-young: So in the meantime, Trump nominated Jay Clayton, former chairman of the Securities Commission, as the chief of the Southern District Prosecutors' Office in New York, and Howard Rutnick as the secretary of commerce, and both of them are famous for being pro-virtual asset currency figures. Is it right?

◇ Oh Tae-min: That's right. This is a very strange selection. Stable coins are as hot as Bitcoin right now. The number one stable coin is a company made by the Chinese called Tether. This is the dollar base. But these two appointments look like appointments for Tether, just as good things happened to Ripple earlier.

◆Choi Soo-young: This is a very important point for certain and virtual assets.

◇ Oh Tae-min: What this New York Southern District Prosecutors' Office is about dealing with financial cases like our country's special department. This New York Southern District Prosecutors' Office is the department that bothered Tether.

◆Choi Soo-young: But he appointed the chairman of the Securities Commission there.

◇ Oh Tae-min: Jay Clayton is a close aide to Trump, and he was chairman of the SEC during Trump's first term. When I was chairman of the SEC, I didn't say anything good about Bitcoin. However, since leaving office, virtual assets have been a trend. Plus a close ally of Trump. But there's a person who's the chairman of the commerce and industry committee. This is Trump's confidant and this is the CEO of a company called Canter Fitzgerald, which owns a 5% stake in Tether.

◆Choi Soo-young: Isn't this also a conflict of interest?

◇ Oh Tae-min: So this is among his aides, so I think there is no U.S. indictment of Heather.

◆Choi Soo-young: So from now on, you guys just do your business comfortably and we won't investigate.

◇ Oh Tae-min: It's probably right to read those messages. Because people around Trump made a lot of very positive comments about this stable coin. Stave coins have a very geopolitical meaning. Someone takes over what the U.S. can't do. Stablecoins are used a lot in Europe. It's a stable coin used in Europe, and it's not based on euros, but on dollars.

◆Choi Soo-young: Dollar-based for use in Europe. It's really chaotic ahead of Trump's inauguration. But now, in other words, Bitcoin's market capitalization has exceeded that of silver and Saudi Aramco, and now it is surpassing that of Amazon and Alphabet. There is a saying that it is possible to rank 5th in global market capitalization. Is it possible?

◇ Oh Tae-min: You have to beat Google to be in fifth place. So I think it's probably going to be me when it reaches $110,000. It's almost right in front of my chin.

◆Choi Soo-young: So Bitcoin's market cap could lead the global economy in the future?

◇ Oh Tae-min: To do that, you just have to be comparable to the market capitalization of gold.

◆ Choi Soo-young: So it's silver, but gold is the best safe asset for mankind. But it's amazing that he went that far. The fact that it only went near there.

◇ Oh Tae-min: But I've been shouting for bitcoin ad like me for a long time. Bitcoin Is Better Than Gold, So This Is The Baseline. We believe that it will exceed the current gun. Please don't misunderstand this. It doesn't mean it's going to work right away, but it's going to be for the next 10 years, but it's already quite a lot. We're in 5th place and 6th place.

◆Choi Soo-young: You can think of it as being below your chin.

◇ Oh Tae-min: If you go 10 times more, you'll be the same as Geum. I'm sorry to say it's only 10 times.

◆Choi Soo-young: Then we have to rewrite the history of human economy. Gold safe assets have been the next dollar since we've been in human history, but now there's an era in which bitcoin can replace it.

◇ Oh Tae-min: That's right. So it's important that we have access to news or media like this about Bitcoin, but it's very philosophical. So Hanyang University created a Bitcoin currency philosophy course. I was involved, and I made it a master's degree in subjectivity. There are a lot of things to study. There are some geopolitical things, but as you said earlier, we have an argument why we have no choice but to beat gold.

◆Choi Soo-young: That's why I summoned history. Every time I listen to the professor, surprising words keep coming out. China, which is competing with the U.S. for supremacy, has been banning virtual assets since 2021, and if the U.S. realizes its strategic assetization of virtual assets, will virtual assets be a front because of U.S.-China conflicts and exports?

◇ Oh Tae-min: This is the most interesting part of my study of Bitcoin. So this bitcoin is bad for the US. Because it's an obstacle to the U.S. Fed's monetary policy in addition to challenging dollar hegemony. But this is what the U.S. thinks. Bitcoin isn't good for us, but it's worse for China.

◆Choi Soo-young: It's bad for us, but it's worse over there. That's a strange logic, too.

◇ Oh Tae-min: The Chinese quickly discovered Bitcoin. When I discovered Bitcoin in 2014, if you go to a small Bitcoin community in Korea, there were already young Chinese people. And this is not where they're investing in bitcoin, but behind them are what we call tranches. Those trunks were probably high-ranking officials. Not long after President Xi Jinping was elected at the time, anti-corruption campaigns spread.

◆Choi Soo-young: That's when I was just purging.

◇ Oh Tae-min: I think that's when rich people in China thought they should transfer some of their wealth to Bitcoin.

◆Choi Soo-young: You did it in advance.

◇ Oh Tae-min: So the evidence is that Britain ended its trial earlier this year, and a Chinese man named Ji Wan-won was caught laundering money in pounds in the UK and lost 61,000 bitcoins to British investigators. It became a British one. It became a British one earlier this year. If that's when it happened, it happened in 2015.

◆Choi Soo-young: It was about 10 years ago.

◇ Oh Tae-min: That's why the Chinese sent it abroad and used bitcoin to launder money. China has capital controls now, but that's how $50 billion is flown out every month. The New York Times reported why it was leaked overseas through real estate, insurance companies, or casinos.

◆Choi Soo-young: Even though it goes through like that.

◇ Oh Tae-min: But the Trump administration's Bitcoin policy is now taking the Chinese government to the outside world. The Chinese government has already banned Bitcoin. They also banned mining and banned exchanges. I only have one card left. I have to go with a ban on possession, but I don't know anything about a ban on possession that prevents me from being trapped. Because I banned the exchange seven years ago, so I can't figure it out. But if the U.S. stockpiles strategic assets and pushes Bitcoin like this, China will have to go into a ban on ownership and block it completely, or then make a U-turn. So if China makes a U-turn in 2025, the Chinese originally like Bitcoin.

◆Choi Soo-young: I like China investing and doing things.

◇ Oh Tae-min: I love it so much. So if the Chinese door opens, you have to forget everything I said about the half-life earlier. You just have to buy it when it drops in a short period of time.

◆Choi Soo-young: Then China will be a very variable this year. Professor Oh pointed out another very interesting part at the very end of the interesting part. Oh Tae-min, a professor of blockchain at Konkuk University, who explained virtual assets interestingly. Thank you for your comment. Thank you.