A new trend for South Korea’s investment landscape has just been revealed through Hana Financial Research Institute. However, some 27% of people between 20 to 50 years old own crypto today and show an increasing maturation toward digital currencies.
These investments account for an average 14% of their whole financial portfolios and show their growing relevance. The people who own most are aged 40 with 31%, aged 30 with 28%, and aged 50 with 25%, and there are others.
Surprisingly, more than half of the 50-year-old investors view cryptocurrency as an investment tool for building retirement funds. However, some 78% of these people define their goals for achieving immense wealth, and 53% define their goals particularly for building funds for their retirements.
Seven out of ten respondents stated they intend to increase their crypto investments in the future. Young investors, facing hurdles such as unstable jobs and high real estate costs, increasingly see crypto as their best financial option.
Regular, long-term crypto investments gain popularity
It also indicates a notable investment behavior shift with more regular and long-term plans. Cryptos’ regular monthly investment increased from 10% to 34%, and medium-term positions from 26% to 47%.
However, short-term trades declined from 48% to 45%, which can be interpreted as a safer and stable strategy. Most investors (90%) hold only cryptocurrencies, with Bitcoin remaining the top choice.
However, as experience is gained, many diversify into stablecoins or altcoins and diversify their digital portfolios. The average investor holds two units of cryptocurrency, and 6 out of 10 include Bitcoin among their holdings.
In spite of increasing enthusiasm, market volatility remains a concern and 56% cited this among their key concerns. Additionally, 61% also associate risk with exchanges and potential fraud. However, 42% would feel safer if banks played a bigger role in crypto services.
