Study: Millenials – the main driving force of the South Korean kripto-cash market

People aged 20-30 years are the most active crypto investors, but the poorest.

A survey of the Fund for the Protection of Financial Investors of Korea revealed that South Korean millenials, that is, people aged 20 to 30 years, are the most active investors in crypto-currencies.

The study was conducted in December 2017 year. It involved 2,530 South Korean residents aged 25 to 64 years. 22,7% of respondents at the age of about 20 years said that they bought crypto-currencies. 19,3% 30-year-olds also bought crypto-currencies. Invested in the crypto currency of 12% 40-year-olds and 8,2% of respondents aged 50-60 years.

At the same time, 60-year-olds invested an average of 6 161 dollars, 50-year-old 5 875 dollars, 30-year-old 3490 dollars, and the most active citizens, aged about 20 years, invested only 2 741 dollars on average.

The share of South Koreans who invested in crypto currency, regardless of age, 13,9%. Preferred by South Korean buyers are crypto-currencies – Bitcoin and Ethereum, writes Cryptovest.

And today it became known that the government officials of South Korea will no longer be able to take part in the crypto-currency trade, even if they are millenial.

Author: Evgenij Novožilov, Analyst Freedman Club Crypto News

Image from Fotolia

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