South Korean Youth Feels Crypto is the Only Shot
While cryptocurrency adoption is skyrocketing in South Korea, the rise amongst youths appears driven less by belief in blockchain and more by deepening financial challenge. As of late March, more than 16 million South Koreans– over 30% of the population– are users on crypto exchanges, a figure boosted in part by market optimism following Donald Trump’s […]
As of late March, more than 16 million South Koreans– over 30% of the population– are users on crypto exchanges, a figure increased in part by market optimism following Donald Trump’s U.S. election win last November. But according to Eli Ilha Yune, Chief Item Officer at quantum AI start-up Anzaetek, this rise in adoption is not necessarily sustained by interest for Web3. These consist of support for institutional crypto use and a possible Korean won-based stablecoin, backed by the central bank. The economic pressure on South Korea’s youth is intense. “There are exceptions but lots of do not comprehend the infrastructure or innovation behind what they’re investing in,” he said. Ultimately, South Korea’s crypto boom is exposing a generational crisis, where digital possessions are seen less as development and more as economic survival. Also Read: South Korean Youth Flock to Crypto Amid Economic Problems
