A recent study shows that 27% of South Koreans aged 20 to 50 own cryptocurrency, with this trend visible across the country.
Statistics on Cryptocurrency Ownership in South Korea
According to the latest data, 27% of South Koreans aged 20 to 50 hold crypto assets, which average 14% of their financial assets. The highest ownership ratio is observed among 40-year-olds at 31%. Additionally, 70% of respondents express intentions to increase their cryptocurrency investments.
Reasons for Interest in Cryptocurrency by Age Group
Different age groups are attracted to cryptocurrency for various reasons. Younger adults, constrained by limited job opportunities and rising real estate prices, view cryptocurrency as their primary investment vehicle. Middle-aged individuals, particularly those around 40, seek to balance their established careers with growing financial portfolios, finding growth potential and diversification in cryptocurrency.
Future Outlook for Investment Growth in Cryptocurrency
With 70% of holders indicating plans to increase their cryptocurrency investments, it is likely that these assets will claim an even larger share of personal wealth. As traditional investment channels remain constrained, digital currencies are increasingly seen as viable options for achieving financial goals.
Thus, cryptocurrencies in South Korea continue to attract more investors, highlighting the significance of this market in citizens' financial portfolios.
