South Korean college students are turning to investing in crypto assets like Bitcoin (BTC), with 40% saying they invest in tokens as well as overseas stocks.
According to Delight this survey was conducted by brokerage and investment banking service provider Korea Investment and Securities.
Survey of more than 400 Korean university students from June 11 to June 22.
Researchers found that 72% number of student respondents said they were investing in cforeign contractingmost said they had bought shares of the above listed companies New York Stock Exchange.
And 89% of these said they wanted to Expanding NYSE portfolio yourself in the near future.
Those without NYSE portfolios also expressed a desire to buy US stocks, with eighty seven% respondents said they “There are plans to do so in the next 12 months.”
40% number of respondents answered that they are investing in both stocks and crypto assets.
More than half of these said they chose cryptocurrencies because “high expected rate of return” of tokens.
1 in 5 respondents said they expect cryptocurrencies to have “high value in the future”.
Only a small number of respondents said they invest in other Asian stock markets, with only 5% invest in Japan and 3% invest in China.
The survey appears to show that young South Koreans have little confidence in the domestic stock market.
One of the main reasons they give for investing in foreign stocks is because foreign companies have them “relatively low volatility and stability compared to Korean stocks.”
The media notes that it seems more college students are putting their money into investments now than ever before.
South Korea Announces Strict Rules for Digital Assets
