Two-Fifths of South Korean Millennials Anxious to Invest in Bitcoin

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South Korean Millennials want to invest in Bitcoin, according to a survey conducted by the Bank of Korea (BOK).

Likewise, the Baby Boomer generation appears to be smitten with cryptocurrencies.

South Korea represents Asia’s No. 4 economy with a total population of approximately 51 million.

Here were the findings from the BOK survey:

BOK polled more than 2,500 residents and found that more than one-fifth of them, or 21.6%, are hip to cryptocurrencies. If you ask young adults, they are more likely to provide a positive response, with about 29% and 40% of residents in their 20s and 30s, respectively, boasting knowledge of the market. Twenty-somethings were the most opportunistic, with 24.2% expressing a desire to invest compared to 20.1% of 30-somethings.

While only a small percentage of South Korean baby boomers know about bitcoin and altcoins, between 6.8% and 8.3% of residents in their 60s and 70s are supportive of the market.

A couple million locals are said to be invested in the leading digital coins, according to Yunhap.

- Aaron Goldstein,

Business/Financial News

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