Political instability in France and South Korea is reigniting discussions around the growing appeal of decentralized currencies, such as Bitcoin, as global markets react to increasing uncertainty.
Nigel Green, CEO of deVere Group, one of the world’s largest independent financial advisory and asset management organizations, highlights that political turmoil in France—where a no-confidence vote threatens Prime Minister Michel Barnier’s fragile coalition—is exacerbating fiscal instability amid an unresolved budget crisis and mounting deficit concerns. Budget Minister Laurent Saint-Martin has warned that ousting the government could fuel public anxiety and further complicate France’s fiscal challenges.
Simultaneously, South Korea is facing its own crisis, with President Yoon Suk Yeol declaring martial law in response to escalating opposition threats, citing a budget deadlock in parliament. This marks the first such declaration since the country’s military dictatorship in the 1980s, sending shockwaves through markets and citizens alike.
Green explains: “When governments falter or act unpredictably, people inevitably seek alternatives that don’t rely on institutional trust. That’s where decentralized currencies come in.” Unlike fiat currencies, which are heavily influenced by political decisions, digital assets like Bitcoin operate independently of government control, making them increasingly attractive in times of political and fiscal instability.
“With governments faltering in both France and South Korea, people are looking for assets that are not susceptible to government interference. Non-government currencies, such as Bitcoin, offer precisely that,” Green adds.
deVere’s forecasts suggest that ongoing political turmoil in Europe and Asia will accelerate the adoption of digital currencies, which also provide practical benefits such as lower transaction costs, faster cross-border payments, and greater financial inclusion for those underserved by traditional banking systems.
For investors, political instability is increasingly seen as a key factor in portfolio diversification. Green predicts that Bitcoin, which has already seen significant gains this year, could continue its upward trajectory, possibly surpassing the $100,000 mark.
The growing momentum for cryptocurrency is not just limited to individual investors. Major institutions and corporations, including tech giants and hedge funds, are recognizing the strategic value of holding digital assets.
“As France braces for its most consequential no-confidence vote in decades, and South Korea faces the repercussions of martial law, the world watches anxiously,” concludes Green. “The outcomes in both countries will undoubtedly influence global market sentiment and policy decisions in the weeks and months ahead.”
