PANews reported on December 3 that due to the "Trump market", the Korean crypto market continues to heat up, and people born in the 1950s and 1960s have invested part of their retirement funds in crypto assets. According to data, the current deposit balance of major banks in South Korea has decreased by 27 trillion won in 5 months.
At the same time, the number of user accounts over 60 years old on major domestic exchanges Upbit and Bithumb increased by 30.4% from the end of 2021, and the average investment amount reached 8.72 million won, the highest among all age groups. The price of Bitcoin rose by 40% in a single month, and the increase in XRP was more than 5 times. In addition, the postponement of crypto income tax for two years further stimulated the investment boom.
