South Korea Sees 52.6% Surge in Crypto Investors, With Older Generations Leading the Charge

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Crypto Craze Sweeps South Korea! 🚀

South Korea Sees 52.6% Surge in Crypto Investors, With Older Generations Leading the Charge

Ah, the absurdity! A new study reveals that South Korea’s elderly have gone utterly mad for cryptocurrency! 🤯

Les Anciens, les Nouveaux Investisseurs! 🎉

It appears that our esteemed elders have abandoned their traditional pursuits of gardening and bingo to indulge in the wild world of digital assets. The number of investors in South Korea has skyrocketed to 9.6 million, a 52.6% increase from last year! 🚀

But wait, there’s more! The study also reveals that one in four cryptocurrency investors is now over the age of 50. Ah, les anciens, they’re not just buying into the hype, they’re leading the charge! 💪

As noted by Ahn Do-jae, a member of the Democratic Party of Korea, the data suggests that older generations are recognizing the potential of digital assets. “To protect investors, a minimum regulatory framework should be established as soon as possible,” he stressed. Ah, bien sûr, because nothing says “regulatory framework” like a good dose of crypto chaos! 😂

A key trend highlighted by the data is the significant growth in cryptocurrency ownership among older age groups. The number of investors in their 50s reached 1.75 million by the end of 2024, marking a substantial 56.4% year-on-year increase. Similarly, investors over 60 also saw a sharp rise, from 371,800 to 636,700, representing a 52.6% jump within the same period.

This shift in demographics suggests that cryptocurrencies are no longer solely the domain of younger, tech-savvy individuals. Older generations are increasingly recognizing the potential of digital assets, whether as an investment opportunity, a hedge against traditional market volatility, or as part of a broader trend toward digital financial tools.

The study findings further shed light on the profile of “big investors” – those holding more than $680,000 in virtual currencies. Among the 9,135 individuals in this category across the five exchanges, a significant portion are over 50 years old. Specifically, 35.2% (3,215) were over 50, and 19.9% (1,817) were over 60. The average big investor over 50 holds $1.46 million worth of virtual currencies.

So, there you have it, mes amis! The crypto craze has officially gone mainstream, and even our esteemed elders are getting in on the action! 🎉

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2025-03-25 13:58