9.6M South Koreans Now Betting on Digital Unicorns 🦄💰

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Story Highlights

  • South Korea’s crypto investors surge 50%, surpassing 9.6 million. That’s a lot of people betting on digital unicorns.
  • Over 50% of high-value crypto holders are younger investors. Because who needs retirement savings when you’ve got Bitcoin?
  • South Korea’s crypto holdings exceed 100 trillion KRW milestone. That’s enough to buy a small country or at least a very fancy island.

The number of crypto investors in South Korea has surged like a caffeinated kangaroo on a trampoline. Reports suggest that the total number of investors surpassed 9.6 million, which is roughly the population of a small country or a very large rock concert. The growth rate exceeds 50% when compared to the previous annual total, proving that South Koreans love a good gamble—er, investment.

The crypto market is attracting an increasing number of senior citizens, who are apparently trading their knitting needles for Bitcoin wallets. Statistics reveal that approximately 25% of cryptocurrency investors are over fifty, which is either inspiring or terrifying, depending on your perspective. Meanwhile, between 50% to 55% of the wealthiest crypto investors, who hold assets worth over 1 billion KRW, are in their younger years. Because why wait until you’re old to be rich?

Five leading cryptocurrency exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax—confirm this trend through their combined data sources. These exchanges reported 9,667,023 registered investors at the end of 2024 after recording a 52.6% growth in investor numbers throughout one year. That’s a lot of people who now know what a blockchain is.

South Korea’s Crypto Holdings Exceed 100 Trillion KRW

The value of cryptocurrency assets exceeded 100 trillion KRW during this period, registering at 105 trillion KRW. That’s enough to buy a small country or at least a very fancy island. Digital asset investments from South Korean individuals are reaching their highest levels ever, as evidenced by recent statistics. Because who needs a savings account when you’ve got Dogecoin?

The data shows that senior investors have significantly grown in number. The demographic of older cryptocurrency traders aged 50 to 59 showed a significant growth of 56.4%, bringing their total number to 1.75 million participants. The senior investor demographic grew substantially by 52.6%, now numbering 636,700 individuals. Because nothing says “retirement plan” like a volatile digital asset.

Older individuals make up most of the crypto asset holders who exceed 1 billion KRW worth of assets. The population consists of 35.2% who are older than 50 years and 19% who surpass 60 years. The average worth of individual high-net-worth investors in virtual currencies stands at 2.15 billion KRW. That’s a lot of zeros for people who probably still use flip phones.

The crypto market keeps growing, which creates more demands for effective regulatory solutions. Public officials warn that the market will face major upcoming financial dangers unless it receives a suitable regulatory structure. However, future talks about regulation guidelines will continue to unfold. Because nothing says “fun” like a government meeting about blockchain.

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2025-03-22 18:21