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A new report The Hannah Institute of Finance showed that Digital assets have become a common part of personal finances in South Korea.
Among the people between the ages of 20 and 50, About 27% now has some form of a cryptic currency. On average, this assets make up 14% of their total financial stakes.
The report found that The people in the 40s were most involved. About 31% of them owned Crypto, followed by 28% of people in their 30 and 25% in the 50s.
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Many in their 50s reported on investment for long-term goals78% said they were building funds, and more than half had planned to retire.
Most investors were motivated by a mixture of reasons. Many said that they saw cryptocurrencies as a way to increase their money, spread risk and follow a savings plan.
Seven out of ten said they were likely to increase your crypto shares. By 42% of them, the stronger involvement of regular banks would increase their confidence. Only 35% said that legal protection is the main concern.
The habits of people around investment are also changing. Multiple users buy cryptocurrencies regularlywith this group growing from 10% to 34%. The medium -term retention periods have also increasedfrom 26% to 47%. Meanwhile, Short -term crafts have become a little rarer.
The way people get information is also changing. It relies less on the advice of friends or internet forums. Instead, they use official websites for exchange and tools for decision -making data.
Furthermore, Six of the ten crypto investors includes Bitcoin
Btc
107.918,88 USD
in their portfolio. However, as users gain experience, they prone to branching into other digital currenciessuch as altcoini or stablecoins.
$ 186.61 million
And Glasnode discovered that a centralized treasury holds 30.9% of all bitcoins in circulation. What did the report say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
