While you are cautiously buying and selling stocks in the stock market, there is another group of people surfing the ocean of cryptocurrency, with a total number of 15.59 million! Yes, this is the current situation in South Korea. Trump's victory seems to have injected a shot of adrenaline into the cryptocurrency market, and Bitcoin has soared all the way, even breaking the $100,000 mark. In this carnival, Koreans are undoubtedly one of the craziest participants.
The Bank of Korea announced this astonishing data for the first time: As of the end of November, the number of cryptocurrency investors in South Korea has exceeded 15.59 million! This means that in South Korea, with a population of about 51.23 million, more than 30% of people are investing in cryptocurrencies. Does this number shock you?
What’s even more interesting is that these 15.59 million investors are not static. From July to November, the number of investors increased month by month, especially in November, when 610,000 new investors were added! This increase is even more exciting than the daily limit in the stock market.
In this cryptocurrency feast, the South Korean stock market has felt unprecedented pressure. According to data, the average daily trading volume of cryptocurrency in South Korea in November reached 14.9 trillion won, or about 10.2 billion U.S. dollars, almost the same as the total trading volume of the benchmark KOSPI index and the secondary market Kosdaq index! This makes people wonder: With the rapid growth of cryptocurrency trading, can the stock market still maintain its position?
Faced with this situation, Lim Kwang-hyun, a member of the Democratic Party of Korea, also issued a warning: Cryptocurrency has threatened South Korean stock market trading. He called on the government to take comprehensive measures to enhance the stability of the cryptocurrency market and establish sound trading practices to protect the rights of investors.
So, how long can this cryptocurrency carnival last? How much momentum can the Trump effect bring to the market? As investors, how can we stay sober in this feast and avoid being swallowed by bubbles?
In my opinion, the cryptocurrency market is indeed full of opportunities and challenges. However, we cannot blindly follow the trend and ignore the risks. After all, the market is volatile, and the cryptocurrency market is even more so. Therefore, before investing, we must do sufficient research and preparation, and look at the ups and downs of the market rationally.
But then again, seeing Koreans investing in cryptocurrencies so crazily, are you also tempted? But don’t forget that investment is risky, so be cautious when entering the market! For more news analysis, real-time analysis and prediction of currency prices, and SWAP cross-chain exchange, please visit: 🤖👉Visit mlion.ai
The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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