PANews, December 3 news, influenced by the 'Trump effect', the Korean cryptocurrency market continues to heat up, with individuals in their 50s and 60s investing some of their retirement funds into crypto assets. According to data, the balance of demand deposits in major Korean banks has decreased by 27 trillion won within 5 months.
At the same time, the number of accounts held by users over 60 years old on major domestic exchanges Upbit and Bithumb has increased by 30.4% compared to the end of 2021, with an average investment amount reaching 8.72 million won, the highest among all age groups. Bitcoin price rose by 40% in a single month, and XRP surged by more than 5 times. Additionally, the postponement of the cryptocurrency income tax for two years further stimulated the investment craze.
