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South Korean investors are very interested in cryptocurrencies. So much so that some altcoins are of great interest, with XRP being the most popular.
A recent survey conducted in South Korea revealed that South Korean investors are investing the most in XRP after Bitcoin and Ethereum.
In a survey conducted by Web3 consultancy firm DeSpread, more than 70% of investors stated that they made a profit in 2024, and stated that they used Upbit and Binance the most. South Koreans also added that they follow YouTube and Telegram.
XRP also topped the list of assets held by South Korean investors.
Bitcoin ranked first in portfolios with a rate of 21.31%, while XRP constituted 16.44% of investors’ portfolios. Investors also stated that they invested in Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), SHIB and PEPE in varying proportions.
South Korean investors recently stated that they are expecting a new ATH in Bitcoin. Accordingly, BTC is expected to exceed 200 million won, or $136,000, this year.
Accordingly, 37.68% of those surveyed expect BTC to exceed 150 million won, or $102,000, while 37.04% believe that BTC will exceed 200 million won, or $136,000.
*This is not investment advice.
