Data: 27% of 20-50 Year Old Koreans Hold Cryptocurrency, 70% of Users Plan to Increase Investment

BlockBeats News, June 29th, according to a report by Cointelegraph, South Korea's Yea Financial Research Institute stated in its latest report "2050 Generation Virtual Asset Investment Trend" that over a quarter (27%) of South Koreans aged 20 to 50 own digital assets, with cryptocurrency investments accounting for 14% of their total financial portfolios.

Users of different age groups have varying levels of interest in cryptocurrency. The highest participation rate is among those in their 40s at 31%, followed by those in their 30s at 28%, and those in their 50s at 25%. 78% of respondents in their 50s stated that they use cryptocurrency as a way to accumulate wealth, while 53% said they are investing in cryptocurrency to prepare for retirement. 70% of respondents expressed interest in expanding their cryptocurrency investments in the future. Bitcoin remains the top choice for Korean investors, with 60% holding Bitcoin. However, as users gain more experience, many are starting to diversify their investments by turning to altcoins or stablecoins.