Study finds one in four South Korean students invest in Bitcoin

23.6% of South Korean students invested in cryptocurrencies, of whom 68.3% experienced psychological strain due to volatility. The results come from the Alba Heaven recruitment agency, The Korea Times reports.

The survey was conducted from May 17 to 19 among 1,750 college students.

One in four who decided to become a crypto investor was attracted by the prospect of investing relatively small sums.

The positive sentiment toward digital assets was driven by high expected returns (33%), low barriers to entry (31%), and the lure of rising social status (15%).

On average, respondents invested 1.41 million won (~$1,260): 15.7% used money from their parents, 10% from a savings account.

40.5% of respondents earned a profit from their investments, averaging 1.67 million won (~$1,490). One in three also reported losses of 740,000 won ($660).

The average investment horizon was 3.7 months — many turned to cryptocurrencies during the run-up to record highs in April.

68.3% of young investors experienced psychological problems. A third reported mood swings and emotional highs and lows due to sharp price volatility. Other signs included difficulties concentrating on studies and work, stress and insomnia.

Earlier in April, ForkLog reported concerns about a shortage of young workers in the labour market due to rising interest in cryptocurrencies.

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