Survey Shows South Koreans Who’ve Bought Cryptos Invested an Average of Over $6,000
A recently conducted survey has shown that South Koreans who’ve bought cryptocurrencies invested an average of $6,000 in the ecosystem, with those in their 50s investing an average of $11,000.
According to local news outlet Arirang Daily News, citing data from a survey conducted in December of 2018, 7.4% of 2,500 polled adults in the country revealed they owned “some cryptocurrency.” The figure is 1% higher than in December of 2017.
The figures are notable, as in December for 2017 bitcoin had just climbed to its near $20,000 all-time high, while in December of 2018 — when the survey was conducted — it got to its $3,200 low, which many believe was the bear market’s bottom as since then BTC has been rising steadily. It’s currently trading at $5,300 after rising 0.6% in the last 24-hour period.