More than 30% of working Koreans invest in Cryptocurrencies

The South Korean online portal for employment Saramin interviewed 941 employees and found out that 31.3% of them invested in cryptocurrencies. The average investment volume was 5.66 million won ($ 5,300). Of the surveyed employees who invested in the cryptocurrency, 44.1% 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 I think this is the fastest way to earn, and 47.8% said it was an easy investment, as the amount was insignificant.

 However, buying a cryptocurrency is still an investment, and like in any other investment, someone wins and someone loses. So here. About 80.3% of the respondents said they had made a profit from their cryptocurrency investments; 13.2% said they had not suffered losses; and 6.4% lost their money.

Among those who managed to earn on 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 trade in crypto-currencies. Experts believe that more than two million South Koreans own Bitcoins and other cryptocurrencies.

The government of South Korea is taking emergency measures to regulate the country's cryptocurrency market, as it is concerned about too much interest in this area by small investors. In view of the fact that the collapse of the crypto-currency market may lead to too negative consequences, the country's authorities have established supervision over crypto-exchange exchanges, banned the trade in crypto currency for foreigners and minors, and restricted the activity of banks in this area.