According to a report by Pioneer Economy, the number of user accounts over the age of 60 on South Korea's major cryptocurrency exchanges Upbit and Bithumb has reached 775,700 (as of the end of September), an increase of 30.4% compared to the end of 2021. Users in this age group collectively hold 676.09 trillion won in cryptocurrency assets, with an average investment of approximately 8.72 million won. Meanwhile, the balance of demand deposits in South Korea's five major banks is 592.67 trillion won, a decrease of 26.95 trillion won compared to the end of June, marking a new low since January this year.

Analysis suggests that the combined effect of Trump rally events and expectations of interest rate cuts has accelerated the shift of funds from banks to risk assets.