With the recent surge in the won's price, Bitcoin's return on the domestic virtual asset exchange wa..

With the recent surge in the won's price, Bitcoin's return on the domestic virtual asset exchange was only half that of overseas in the second half of the year.

Bitcoin is a global asset that trades at a similar price level around the world in dollar terms.

Therefore, if the won's value rises, the nominal value falls due to a fall in the exchange rate.

According to Trading View on the 17th, Bitcoin's return on Upbit, Korea's largest virtual asset exchange, recorded 17.07% in the second half of the year.

On the other hand, Bitcoin's return on Binance, the world's largest virtual asset exchange, recorded 29.82 percent during the same period, nearly doubling the rate of increase compared to Korea.

This is because Bitcoin's nominal value in Korea fell as the won's value soared.

The exchange rate, which reached 1559.1 won to the dollar on July 1, reached 1377.5 won as of that day. The value of the won soared.

The strong won is attributable to the semiconductor boom, which has led to a significant increase in dollars earned by exporters, a significant increase in demand to convert these dollars into won, and the yen has strengthened due to the BOJ's expectation of additional interest rate hikes, and the won tends to move with Asian currencies such as yen and yuan in the foreign exchange market.