XRP Korean sauce. Earlier this August, a investigation published by the Bitget crypto exchange showed that the youngest investors, those of Generation Z, loved crypto-assets. When we look at this survey in a little more detail, country by country, we discover certain originalities (shall we say) in the preferences of these young people born between the end of the 1990s and the middle of the 2000s. Indeed, in South Koreait’s the XRP of Ripple that would be most appreciated by Gen Z.
XRP soon more famous than a K-pop group in Korea?
If the younger generations are undeniably very attracted to Bitcoin (BTC) and cryptocurrencies, their tastes are different depending on the country. If the king of cryptos or the essential Ethereum (ETH) are both generally much appreciated, we can sometimes find local particularities.
According to a recent publication by the South Korean media News1 Korea, which dissects in detail the investigation of the crypto exchange Bitget, the investors in their twentiese would make crypto bets “more aggressive”. These young sharks would abandon the sure values that are Bitcoin and Ethereum a little for favor altcoins.
Indeed, 82.5% South Korean Gen Z crypto enthusiasts have reportedly invested in altcoins other than Ethereum. And quite surprisingly, their favorite would be the token XRP proposed the company Ripple Labs.
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21% of young South Korean investors fond of the Ripple token
If XRP experienced a recent resurgence of interest mid-July thanks to its partial victory against the SEC (Securities and Exchange Commission)this survey covered the first six months of 2023. This preference for the Ripple token would therefore not be a last-minute fad.
These are so 20.7% twenty-somethings who hold XRP on Bitget, if we zoom in on South Korea. However, this changes if we look at the thirty and over. Indeed, older South Koreans mostly prefer the two tenors that are Bitcoin And Ethereum.
Tastes and colors are not in dispute. But one thing is certain: it is theAsia which seems lead the adoption of cryptocurrencies in the world. Because after South Korea, which pushed to quickly put in place a regulatory framework to accommodate activities related to crypto-assets, it is now hong kong who would like to do to him competition in the matter.
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