According to a new report by Hana Institute of Finance released on Sunday, more than a quarter of South Korean people now have digital assets in their 20 to 50s, their crypto investment has made 14% of its total financial portfolio.
StudyIn the title 2050 generation virtual asset investment trendsThis indicates that the interest in crypto cuts age groups. In the 40s, they participated at 31%, followed by people in 30 and 25%in the 50s.
In his 50s, 78% of the respondents said that they used crypto as a way to do funds, while 53% said they were preparing for retirement through crypto investment. More respondents now cite development capacity, diversification and structured savings schemes as important motivations for investment.
Meanwhile, 70% of respondents expressed interest in expansion of crypto investment in future. 42% said that if they play a big role in crypto markets in traditional financial institutions, they would invest more, while 35% cited strong legal safety as an important factor in boosting confidence.
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Korean investors purchase regular crypto
Investment patterns are also maturing. The ratio of regular purchasing investors increased from 10% to 34%, and mid-term trading increased from 26% to 47%, while short-term trading fell slightly.
The way investors get information, it is also changing. According to the report, dependence on word-of-mouth has declined, while the use of official exchanges and analytical platforms has increased.
Bitcoin (BTC) remains the primary option, with six out of ten of the six out of ten people in their holdings. As the experience increases, however, many bring diversity in altcoins or stablecoins. Non-fungful tokens (NFTs) and security tokens (STOs) live in niche, in which nine out of nine investors are particularly glued to coins.
“Virtual assets investors play a major role within the portfolio,” said Sun-Young, a researcher at the Hana Financial Research Institute. “Investors expect legal institutionalization and expansion of the current financial sector role.”
A major pain point was highlighted, prohibiting preventing several bank accounts with crypto exchanges. Seven out of ten investors said that if this rule had been comfortably, they would have favored their primary bank.
Concerns about market volatility remain wide (56%), while concerns on exchange or fraud rises were more pronounced among those hesitants to invest further.
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Korea’s crypto boom fuel from frustration
Last week, Anzaetek’s Chief Product Officer Elli Ilha Yun said that the increase in adoption of Crypto South Korea’s crypto is not opposed to blockchain technology.
Speaking at the German Blockchane Week, Yun argued that many young Koreans are moving to Crypto with financial frustration, looking for quick profits rather than supporting the web 3 ideals.
Young unemployment is a major factor in South Korea, standing at 6.6%, which is more than double the national average. Yun reported that the high-development economy of South Korea has stopped once, causing many young people to be unemployed and unable to bear real estate or see meaningful returns from traditional investments such as stocks.
Amidst this economic pressure, Crypto has become the only viable investment option for Korea’s younger generation, according to Yun. He said that when some young investors understand the technique of crypto, many are unaware of its infrastructure.
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