A recent survey reveals that cryptocurrency investors in South Korea continue to favor Bitcoin, with Ripple securing second place, overtaking Ethereum.
Investor Preferences Survey
The survey was conducted from December 24 to 26, 2024, on the platform The POL. It included 5,225 investors to understand their preferences among the top 10 cryptocurrencies based on market capitalization data from the Financial Intelligence Unit.
Survey Results
Bitcoin maintains its top position due to institutional interest and ETF approval in the US. Ripple secured second place, demonstrating continued appeal among South Korean investors. Ethereum ranked third, followed by Dogecoin and Bitcoin Cash.
Future of Crypto Investments in South Korea
South Korea aims to strengthen its financial markets amid political unrest. South Korean Exchange Chairman Eun-bo Jeong announced plans to introduce crypto ETFs to attract new investors and diversify the economy.
The survey results highlight the enduring interest in Bitcoin and Ripple among South Korean investors, along with the country's efforts to stabilize its financial market and boost investment.
