More than a quarter of the South Koreans in the twenties to the fifties of the last century, now they possess digital assets, as their investments in encryption constitute 14 % of their total financial portfolios, according to a new report issued by the Al Hana Institute of Finance issued on Sunday.
the TicketWith the title 2050 generation investment trends in virtual assetsIt indicates that interest in reducing encryptions across the age groups. In the 1940s, those in the 1940s led their participation by 31 %, followed by people in the thirties of 28 % and 50 in 25 %.
78 % of respondents in the fifties said they were using encryption as a means of collecting money, while 53 % said they were preparing Retirement through encryption investments. More respondents now indicate the potential for growth, diversification and savings, as a major investment.
Meanwhile, 70 % of the respondents expressed their interest in expanding encryption investments in the future. 42 % said they will invest more if traditional financial institutions play a greater role in the encryption markets, while 35 % referred to stronger legal protection as a major factor in promoting confidence.
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Korean investors do regular encryption
Investment patterns are also ripe. The percentage of investors who make regular purchases increased from 10 % to 34 %, and trading increased in the middle of the period from 26 % to 47 %, while trading decreased in the short term slightly.
The way the investors get also changes. According to the report, dependence on the word mouth decreased, while the use of official exchanges and analytical platforms increased.
Bitcoin (BTCThe main option, with six out of every ten investors, including BTC in their holdings. With the growth of the experiment, however, many diversification in altcoins or Stablecoins. Non -explosive symbols (NFTS) The security symbols (STOS) remain specialized, as nine out of ten investors are held exclusively with coins.
“Virtual assets play a major role in investor portfolios,” said Yoon Sun Young, a researcher at the Hana Financial Research Institute. “Investors expect the legal institutional character and expand the role of the current financial sector.”
The main pain point that highlighted was the restriction that prevents the connection of multiple bank accounts to the exchange of encryption. Seven out of ten investors said they would prefer their primary bank if this rule is relaxed.
Fears regarding market fluctuations are still widespread (56 %), while fears of exchange or fraud risk were more clear among those who frequent investment more.
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The encryption boom in Korea is fueled by despair
Last week, Elie Elha Yun, chief product employee in Anzaitek, said that the increase in the adoption of South Korea’s encryption in South Korea. It is not driven by optimism about Blockchain technology.
Speaking at the German Blockchain Week, Yune argued that many young Koreans resort to encryption from financial despair, looking for quick profits instead of supporting the ideals of Web3.
South Korea’s youth unemployment is a major factor, with 6.6 %, more than twice the national average. Yune explained that one day the economy in South Korea has stopped, leaving many unemployed youth and unable to withstand real estate expenses or see meaningful returns from traditional investments such as stocks.
Amid this economic pressure, Crypto has become the only applicable investment option for the youngest Korean generation, according to Yune. He pointed out that although some young investors understand Crypto technology, many of them do not realize their infrastructure.
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