The madness of Koreans speculating in cryptocurrencies is beyond imagination!
Did you know that in Korea, the people speculating in cryptocurrencies are mainly young people of the millennial generation! By the end of 2021, there were 5.6 million users engaged in virtual currency trading in South Korea, of which 3.08 million were between 20 and 39 years old, accounting for 23% of the population in this age group! The concept of young people in South Korea has changed. They don’t pursue the way of their parents to find an ideal job by studying hard, because in the current environment in South Korea, that is almost impossible! They have to face fierce competition in education and the challenge of difficult social classes. Therefore, virtual currency has become a way for them to change their destiny and achieve a great leap in class. In South Korea, it is common for social stratification to solidify, which makes young people feel that their social status cannot be changed. This negative emotion has created the phenomenon of "low desire", making the younger generation unwilling to talk about marriage and other topics, further exacerbating South Korea's population and aging problems. However, virtual currency has become a way for them to get out of trouble. The speed of information dissemination in this Internet age is so fast that young people quickly know the legendary stories of their peers who became rich overnight by speculating in cryptocurrencies, which can stimulate their enthusiasm.
