South Korean Interest in Cryptocurrencies

South Korean investors are showing significant interest in cryptocurrencies, particularly in altcoins such as XRP, which is currently the most popular among them.

A recent survey by Web3 consultancy firm DeSpread highlighted that more than 70% of South Korean investors reported profits in 2024. The most commonly utilized platforms for trading were Upbit and Binance, with many investors also following updates via YouTube and Telegram.

XRP is the leading asset for South Korean investors, following Bitcoin and Ethereum in popularity.

Portfolio Breakdown

• Bitcoin: 21.31% of portfolios
• XRP: 16.44% of portfolios
• Other investments include Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Shiba Inu (SHIB), and PEPE in varying proportions.

Investors expressed bullish sentiments towards Bitcoin, expecting a new all-time high (ATH). Predictions suggest Bitcoin’s price may surpass 200 million won (approximately $136,000) this year.

Expectation Highlights

• 37.68% expect BTC to exceed 150 million won ($102,000)
• 37.04% anticipate BTC to exceed 200 million won ($136,000)

This is not investment advice.