Tears for Retail Investors Who Bought Bitcoin as Others Bought Samsung Electronics, Mixed Fortunes in Money Moves
Tears for Retail Investors Who Bought Bitcoin as Others Bought Samsung Electronics, Mixed Fortunes in Money Moves
[The Great Reversal of K-Capital Markets] “We Should Have Bought Samsung Electronics,” Crypto Retail Investors Lament… Korean Stock Market Overtakes Taiwan to Cement Its Place in the Global Top 10
Korea’s capital market is undergoing a truly dramatic transformation. As the red-hot stock market ushered in the KOSPI 5,000 era for the first time ever, Korea surpassed Germany and Taiwan in market capitalization to settle firmly within the global top 10. Meanwhile, the cryptocurrency market, which once overshadowed stocks, is facing a harsh winter amid growing investor indifference. The “money move,” marked by a rapid shift of capital from crypto to domestic equities, is accelerating.
◇ Korean Stocks Surge Past Taiwan at Breakneck Speed… “Next Target Is KOSPI 7,300”
According to the Korea Exchange on the 8th, as of the 6th, the total market capitalization of domestic markets (KOSPI, KOSDAQ, and KONEX) reached 4,799.36 trillion won, surpassing Taiwan’s market (approximately 4,798 trillion won). Following its move past Germany last month, Korea has now overtaken semiconductor powerhouse Taiwan as well, solidifying its leap into the ranks of global financial powerhouses.
From a global ranking of around 13th at the end of last year, Korean stocks recorded the highest gains among major markets, with the KOSPI and KOSDAQ surging 20.8% and 16.8%, respectively. This stands in stark contrast to Germany’s 0.94% and Taiwan’s 9.73% over the same period.
Optimism is widespread in the securities industry that breaking through “KOSPI 6,000” is only a matter of time. JPMorgan raised its KOSPI target to as high as 7,500, while NH Investment & Securities presented a bullish outlook of 7,300. Korea Exchange Chairman Eun-Bo Jung also expressed confidence, saying there would be no major issues in surpassing 6,000.
◇ “Trading Volume Slashed to One-Tenth”… Crypto Market Faces an Exodus
By contrast, the cryptocurrency market paints a grim picture. According to CoinGecko on the 1st, the 24-hour trading volume of Upbit, Korea’s largest exchange, fell to about 2.7 trillion won, plunging to 26th place globally. Its former stature as a contender for 3rd or 4th place just a year ago has vanished, and other major exchanges such as Bithumb (46th) and Korbit (80th) are also at risk of falling out of the top 100.
The crypto market, which exceeded the combined trading value of the KOSPI and KOSDAQ by more than double late last year, has now shrunk to roughly 5 trillion won—about one-tenth of stock market turnover. This reflects cooling enthusiasm following the brief Trump-election rally in crypto and a massive migration of funds into the booming domestic stock market.
Price declines are also evident. Bitcoin is trading at 122.91 million won, down more than 30% from its peak, while altcoins such as Ethereum (-43.1%) and Ripple (-around 50%) have been cut in half. This stands in sharp contrast to Samsung Electronics and SK Hynix, which are hitting new record highs day after day.
◇ “Stocks vs. Crypto”: Who Wins the Money Game?
Experts believe that the stock market’s advantage in capital flows will persist for the time being. An industry official noted that as the stock and cryptocurrency markets increasingly function as clear alternatives to one another, funds are gravitating toward equities with stronger momentum.
In particular, unlike in the past when financial authorities were lukewarm about introducing spot Bitcoin ETFs, the current stock market boom is naturally absorbing capital from the crypto market. Amid concerns that even the potential synergies from a Dunamu–Naver merger could fade, attention is focused on whether Korea’s cryptocurrency market can overcome this “trading cliff” and find a catalyst for recovery.
*Disclaimer: This article is provided for investment reference only, and no responsibility is taken for any investment losses incurred based on this information. The content should be interpreted solely for informational purposes.*
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