Although subjected to tremendous turbulence. As a result, despite several regulatory impediments, investors in South Korea have not been shaken in the least bit by this news. In fact, the asset has established itself as the preferred in their portfolios, particularly among those in their 20s. This preference is especially prevalent among younger investors. Recent data reveal that XRP accounts for 20.7% of their assets, larger than the entire allocation of 17.5% for Bitcoin and Ethereum combined. This is clearly evident by recent data demonstrating that XRP accounts for 20.7% of their assets.
On average, people in their twenties allocate a bigger portion of their financial resources to XRP than they do to Bitcoin or Ethereum in their investment portfolios. This allocation is approximately 3.2% more than before.
In Korea, XRP has surpassed BTC as the preferred investment.
People who fall into this particular age demographic in South Korea have a greater propensity toward "aggressive" investment than investors who fall into other age groups in the country. In addition to this, it was found that a specific group of market participants had a preference for altcoins rather than Bitcoin and Ethereum. This was discovered after the previous point was made.
The Bithumb investigation, which examined data on investor portfolios for this year in great detail, discovered that more than 82% of investors in their twenties lean toward altcoins with greater volatility than the world's top two crypto-assets. This finding was made possible because investors in their twenties had a larger propensity to take risks. This was one of the most important conclusions drawn from the investigation.
This starkly contrasts the 30-year-old age group, which was found to have the highest investment weighting in Bitcoin and Ethereum at 28.2%. The age group with the highest investment weighting in Bitcoin and Ethereum is the 30-year-old age group. This illustrates that people of all ages all around the country have diverse preferences regarding the kind of investments they choose to make.
According to Kim Dong-hwan, the chief executive officer of Wonderframe, a virtual asset specialist in South Korea, investors in their 20s tend to focus their investments on creating short-term gains rather than long-term investments. This is the opinion of Kim Dong-hwan.
During this same period, the investment ratios for XRP were as follows: -17% for investors in their 30s, -11.8% for investors in their 40s, 14.9% for investors in their 50s, and 13.8% for investors in other age brackets.
South Korean Obsession with XRP
Given that the vast bulk of XRP trading activity has been concentrated on South Korean exchanges, this study's publication shouldn't surprise anyone. Trade volumes on major South Korean cryptocurrency exchanges like Upbit and Bithumb have even occasionally topped those of Bitcoin and Ethereum. This is something that has happened on rare occasions.
According to research conducted in 2017 by the four most significant cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, and Korbit), XRP was acknowledged as the second-most popular crypto asset in the country, behind only Bitcoin. This research was carried out by the four cryptocurrency exchanges in South Korea. Consequently, it was found that XRP had a greater level of attraction than Ether and Cardano, which placed third and fourth place, respectively.
 Attracts Young Investors in South Korea: Report){kind=link}
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