More Than 30% of Working Koreans Invest in Cryptocurrency 0 293

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The South Korean online portal Saramin interviewed 941 employees and found out that 31.3% of them invested in cryptocurrencies. The average investment amount was 5.66 million won ($5,300).

According to the survey, 44.1% of employees invested less than 1 million won, 18.3% – 1-2 million won, 9.8% – 2-4 million won, 7.8% – 4-6 million won, 12.9% – more than 10 million won. 54.2% of respondents said they invested in cryptocurrency because they think this is the fastest way to earn. And 47.8% said it was a secure investment because the amount was insignificant.

Someone Wins, and Someone Loses

About 80.3% of the respondents reported that they had made a profit from their cryptocurrency investments; 13.2% had not suffered losses, and 6.4% lost their money. Among those who managed to earn on the investment, 21.1% received more than 10% of profits, and 19.4% more than 100%.

South Korea accounts for about 20% of the world trade in bitcoin. This is one of the most active regions in the cryptocurrencies trading. Experts believe that more than two million South Koreans own bitcoins and other cryptocurrencies.

The government of South Korea is taking urgent measures to regulate the country’s cryptocurrency market. The collapse of the cryptocurrency market may lead to negative consequences. That’s why the country’s authorities have established supervision over crypto-exchanges. They also banned the trade in cryptocurrency for foreigners and minors and limited the operations of banks in this area.

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