TradingKey – Recently, Bloomberg and market data showed that the annualized volatility of the Korea Composite Stock Price Index (KOSPI) reached as high as 63%, not only far exceeding the stock markets of Japan, Pakistan, and Indonesia, but also shattering the conventional wisdom that cryptocurrency volatility must be higher than that of equities. Over the same period, Bitcoin ( BTC) volatility was only around 48%, far lower than the KOSPI index.

In response, economist Steve Hanke posted on the social media platform X stating that South Korea’s benchmark stock index has become the most volatile in the world, and remarked that ‘South Korea, as an artificial intelligence leader, clearly flew too high, and the…