71% of Koreans Want to Buy More Crypto: Survey

71% of Koreans Want to Buy More Crypto: Survey

Table of Contents

The report, conducted by the Hana Financial Research Institute, is a specialized research company in financial markets and economic trends, current investors ’tendencies and future intentions.

Among the poll participants, 27 % reported that they have encryption, with an average investment of about 10 million dollars (only shy of $ 7.4 thousand), which represents 14 % of their portfolios.

The adoption grows

Average age for people included in this review It ranges between 30 and 40 years. Men tend to be more active in the investment space, but the results indicate a steady increase in females participating in the encryption space since the beginning of 2024.

The main reasons for investment tend to be psychological (FOMO), but authors notice a shift from this trend from 57 % to 34 %, compared to previous surveys.

Other data groups include new investors in space, growth capabilities, and governor diversification.

The vast majority of investors tend to be in Bitcoin (89 %), but the report indicates a transformation into other encrypted currencies, especially stablecoins, with a high trading experience.

The common challenge of the respondents seems to be linked to exchanges, as many original banks do not work with them. If the regulations become more convenient, “7 out of 10 investors will choose a residential bank, instead of a new bank that has preferential benefits“, Who draws a very clear picture of the current trading feelings.

It seems that the main focus on the stock exchange selection also focuses on the ease of contact with the bank, instead of other considerations such as trading, comfort and user experience.

Nearly 43 % of the poll participants indicated a high intention to continue investing in future encryption assets, with an additional 28 % appearing moderate. About 7 out of 10 appears higher than average. Fears regarding volatility are still high (56 %), as well as bankruptcy exchange concerns (61 %) and fraud risk (61 %). Curical investments will be shown more positively if traditional financing companies (Tadfi) (42 %) (42 %) have participated and more legal frameworks (35 %) have been created, according to the additional data.

It is interesting that about 20 % of South Korean officials also have encryption, according to the last recent survey. covered by Cryptopotato Earlier this year.

The current scene of encryption in Korea

Along with the increase in public interest, Korea officials appear to follow its followers and the adoption of encryption on a wider scale.

Buttocks Recently (American Investment Company) holders Declare A septate for 25 billion winners ($ 18.3 million) in the South Korean Biotechnology Company, with plans to be the first company in the country to create a bitcoin strategic reserve.

In addition, Vice President of Korea Bank (Book) male It will be “They are desirable to start a gradual introduction to Stablecoins“.

Moreover, South Korea seems to be The best performance The market in Asia is currently. The KOSPI Composite Index increased by almost 30 % this year, to the highest level in four years, as some individual shares have seen leaps of 70 % -80 %.

All this was probably a series of events that follow the latter election From the friend of encryption, Lee Jay Meong.

The country calmly became one of the most prosperous encryption markets, with a large part of the population, as it was observed, investing in digital assets. The country witnessed about 57 trillion Won ($ 42 billion) in Stablecoin deals for this year alone, which prompted Bok to move forward in his previous plans for his steps supported by his victory.

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