10x Research founder: Koreans prefer cryptocurrencies over stocks

Markus Thielen, the founder of 10x Research, said that cryptocurrency trading volumes in South Korea sometimes exceed those of the stock market. For example, in early March of this year, cryptocurrency trading volume reached $16 billion, while the total trading volume of Kospi was $8 billion. The trading volume of Shiba-Inu was $3.5 billion, surpassing that of Samsung Electronics. Analysis shows that South Koreans are clearly more inclined to invest in cryptocurrency. This is related to the high potential for high returns on cryptocurrency, the fiercely competitive labor market, and the expensive real estate market. In addition, many South Koreans have played electronic games and made electronic payments since they were young, making it easier for them to accept cryptocurrency.