South Korea Seriously Loves Crypto - Average Trader Increased Their Holdings By 65% Over The Past Year!

South Korea took advantage of the bear market like no place else!

According to a survey, South Koreans who've bought cryptocurrencies like Bitcoin have invested more than six-thousand dollars on average. The Korea Financial Investors Protection Foundation polled 25-hundred adults last December and found that seven-point-four percent of them own some cryptocurrency,an increase of one-percentage point from a year before.

The average investment per person also increased by 64 percent, hitting $6697. The biggest investors were people in their fifities, who had snapped up an average of 11-thousand dollars each, followed by those in their forties and thirties.

Respondents who have not invested in crypto seem unlikely to change their mind, though, citing volatile prices and the risk of hacking.