Altcoin News: Study: Koreans Invest an Average $6,000 in Cryptocurrency

April 22, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

A study conducted by the non-profit organization Korea Financial Investors Protection Foundation shows that investing in cryptocurrency is becoming increasingly popular in South Korea.

In total, 2,500 adult citizens of the country were surveyed, of which 7.4% bought cryptocurrency. Despite the hacking of the exchanges and the rather tight regulation of the industry in South Korea, the number of investors who invested in cryptocurrency increased by 1% compared with the previous year.

As the representatives of the organization created to protect investors told, not only the number of people who invested in cryptocurrency increased, but the amount of invested money also increased. On average, Koreans invest $6,000 in Bitcoin and other cryptocurrencies. The increase was 64%.

Interestingly, the older generation of people who have exchanged their fifth dozen years has invested the most in cryptocurrencies. Digital assets are also popular with people aged 30–40 years.

It should be noted that the regulator of South Korea does not plan to lift the ban on holding tokens (ICO). The ban was imposed in the fall of 2017.

Author: Marko Vidrih