As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country.
Millennials Are Lagging Far Behind, Says Study
Per Maeil Kyungjae, citing data from research firm Wiseapp, females aged 40-49 in the Asian country have been actively buying bitcoin (BTC) in recent weeks. The data was collected via major domestic exchanges such as Upbit and Bithumb.
The report calls this trend the “second boom” of cryptocurrencies in South Korea, as females surveyed were mostly mothers. According to the figures, over 30% of Bithumb and Upbit users belong to that age range, while 21% are over 50 years old.
On the other hand, millennials are losing ground in holding cryptos, as the numbers unveiled that only 19% of the users are just aged 20-29. In…