A recent report by Despread Research shows that 70% of South Korean crypto investors made a profit in 2024, with BTC, XRP, and ETH being the most popular holdings. Optimism remains high for 2025, with many expecting Bitcoin to surpass the $100,000 (KRW 150 million) mark.
Bitcoin Leads South Korean Investor Portfolios as Optimism Grows for 2025
According to a recent study by Despread Research, 70% of South Korean crypto investors see gains in 2024, with BTC, XRP, and ETH as their largest holdings. The report highlights a significant influx of new investors, particularly driven by key market developments such as the election of US President Donald Trump and the approval of Bitcoin spot ETFs.
Bitcoin‘s potential to be recognized as a strategic asset by the US government, along with expectations of crypto-friendly policies from the Trump administration, has fueled further optimism. Many investors are looking ahead to 2025, with 75% predicting that Bitcoin will exceed the $100,000 (KRW 150 million) mark.
Despite limited familiarity with decentralized exchanges, South Korean investors have concentrated their holdings in major cryptocurrencies, primarily due to the accessibility of these assets on centralized exchanges. For example, Bithumb currently supports a wider range of active meme coins such as DOGE, TRUMP, and PENGU compared to its competitor Upbit.
As South Korea remains a key player in the global crypto market, investor sentiment points to continued bullish momentum in 2025.
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