Bitcoin at 200 Million Won? 2027 Forecast and Taxes

As the main driver of this price rise, it cited the debasement trade.

The debasement trade refers to an investment strategy that bets on the value of finite assets such as Bitcoin rising when the value of fiat currency falls.

That is a 23.8% achievement rate against the targets, a 76.2% shortfall.

The narrowing of the gap in the 2024–2025 cycle is analyzed as the result of lowering the target multiples rather than improved forecasting accuracy.

This price range is derived by applying a multiple of about 1.8 times the current Bitcoin multiple.

This reflects the view that capital inflows from outside the United States and the spread of ETFs will be key factors in the cycle's peak.

His analysis is that the moment bank employees, who are regarded as safe-asset handlers, aggressively recommend investments to the general public is the time to sell.

Between 2006 and 2007, various fund products, including China funds, were sold to the public through bank counters, creating a major craze. At the time, the public focused on the fact that these were 'funds sold by banks' rather than the actual value of the products, which stimulated buying sentiment.

Ju Gi-young believes that, as with past fund booms, large-scale sales of Bitcoin ETFs through banks could lead to a similar phenomenon.

This is a highly unusual result compared with Bitcoin's August performance in recent years.

Bitcoin had recorded negative August returns for four consecutive years, but this year it posted an unusually large positive return. Historically, a strong August has tended to be followed by negative returns in September.

The market is watching closely to see whether this pattern of a post-August decline will repeat this year, or whether gains will continue into September and break the pattern.

The Bitcoin kimchi premium has turned from a persistent negative into a positive. This indicates that investor sentiment in the Korean market is improving and raises expectations for the return of retail investors, known as 'eopjeossi.' Given that it takes T+2 days from selling stocks to re-entering crypto, this capital inflow is expected to occur gradually.

However, some point out that amid this market revival, caution is needed regarding increased altcoin volatility and indiscriminate investing in newly listed coins.

This suggests that confidence in a trend reversal is gradually strengthening.

The Coinbase premium is used as an indicator of buying intensity among US institutional and retail investors, and its positive turn reflects a generally positive market mood.

Among them, Dunamu's holdings of virtual assets fell in book value by 690 billion won, resulting in a 687.8 billion won revaluation loss in the first half alone.

Losses at other exchanges were approximately 100 billion won for Bithumb, about 20 billion won for Coinone, and about 10 billion won for Digital X.

Large exchanges such as Upbit still maintain profits through fees, but other exchanges are struggling.

Bithumb swung to a deficit due to rising marketing costs and declining value of its held assets, clearly showing the problem of domestic exchanges relying entirely on trading fees without a diversified revenue model.

Park Hyun-joo, Chairman of Mirae Asset, is regarded as a self-made figure in the financial industry, having once recorded assets under management at a branch of Dongwon Securities larger than those of its headquarters. He has expanded the market by founding Mirae Asset Global Investments and Mirae Asset Securities.

Chairman Park expressed his commitment to innovation in the digital asset industry through the acquisition of Korbit (Digital X), reflecting his management philosophy of pioneering new markets beyond traditional finance.

This differs markedly from the strict image he projected at past events for financial company employees.

This bold move is interpreted as reflecting his deep understanding of the new field of digital assets, as well as a strong determination to break existing molds and lead change.

This is interpreted as a call for investors to take a careful approach, out of concern for the damage caused by reckless speculation.

This is part of Mirae Asset Group's strategy to diversify its clients' asset portfolios.

The aim is to integrate Digital X's and Mirae Asset Financial Group's customer touchpoints to offer clients diverse investment routes and foster a healthy investment culture.

He defined exchanges' listing sprees for fee revenue as criminal conduct, and in particular raised concern that one-third of Upbit's trading volume comes from newly listed coins.

Chairman Park forecast market change through RWA (Real World Asset tokenization). He sees gold- and silver-backed coins and tokenized securities, which split large-cap stocks such as Samsung Electronics into tradable pieces, becoming a major pillar of the investment market. This is the core of the future strategy pursued by Digital X, the company behind his acquisition of Korbit.

Tokenized securities backed by real assets are expected to offer new investment opportunities in the virtual asset market, expand touchpoints with traditional finance, and raise the market's stability and credibility.

Even if it is difficult to track virtual asset transactions and impose taxes immediately, the policy is to collect taxes on transactions within 10 years once data is secured.

Deputy Prime Minister Choi Kyung-hwan has said the government will implement the tax system first and supplement it as needed, indicating its intent to build and manage virtual asset tax infrastructure over the long term.