{"id":115726,"date":"2021-03-05T21:57:19","date_gmt":"2021-03-05T21:57:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115726"},"modified":"2021-03-05T21:57:19","modified_gmt":"2021-03-05T21:57:19","slug":"south-korean-moms-are-taking-the-lead-in-buying-bitcoin-despite-the-coronavirus-pandemic-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/south-korean-moms-are-taking-the-lead-in-buying-bitcoin-despite-the-coronavirus-pandemic-news-bitcoin-news\/","title":{"rendered":"South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic – News Bitcoin News"},"content":{"rendered":"
As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country.<\/strong><\/p>\n Per Maeil Kyungjae, citing data from research firm Wiseapp, females aged 40-49 in the Asian country have been actively buying bitcoin (BTC) in recent weeks. The data was collected via major domestic exchanges such as Upbit and Bithumb.<\/p>\n The report calls this trend the “second boom” of cryptocurrencies in South Korea, as females surveyed were mostly mothers. According to the figures, over 30% of Bithumb and Upbit users belong to that age range, while 21% are over 50 years old.<\/p>\n On the other hand, millennials are losing ground in holding cryptos, as the numbers unveiled that only 19% of the users are just aged 20-29. In contrast, teenagers are at the bottom with just 1.5%.<\/p>\n The “second boom” name granted by Wiseapp is not a cliche of the recent crypto bull-run. In fact, these numbers are the opposite of the ones seen between 2017 and 2018, despite there is an active pandemic hitting the country.<\/p>\n At that time, when the BTC frenzy in 2017 was also making the headlines, people aged 30 accounted for 30.7% of the crypto users in South Korea. Also, the 20s people were 24% of the South Korean crypto map.<\/p>\n <\/ins><\/p>\n The local media outlet, who named the report “Mom is a BTC investor,” provided some reasons behind this shifting trend in the crypto demographics:<\/p>\n The reason why the age group leading the virtual asset transaction has changed is the painful experiences of the 20th and 30th generations who suffered a ‘great crash’ at the time. The 20th and 30th generations, who started investing in cryptocurrency in 2017-2018, suffered massive losses due to strong government regulations such as the real-name virtual asset transaction system.<\/p>\n<\/blockquote>\n And the “great crash” triggered a wave of so-called “crypto suicides” across the country. However, people aged 30-60 have increased their experience in investing with risky assets, thanks to the stocks trading, says the study.<\/p>\n Interestingly, Kim Mo, a female stocks manager, told Maeil Kyungjae a particular reason why she started to invest in crypto:<\/p>\n I started investing after seeing Tesla’s CEO and others invest in bitcoin. It’s a small amount right now, but I’m going to invest more by looking at the price trend.<\/p>\n<\/blockquote>\nMillennials Are Lagging Far Behind, Says Study<\/h2>\n
Mature South Korean Crypto Investors Gained Experience by Trading Stocks<\/h2>\n
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