Korean Youth Turn to Crypto as a Last Shot at Prosperity
Cryptocurrency is booming in South Korea, but beneath the surface, the surge is driven less by optimism than by the economic desperation of its younger generation, according to a local expert.
Crypto exchange users in South Korea have surpassed 16 million, according to data from late March, after receiving a boost from US President Donald Trump’s election win last November. The figure represents over 30% of the country’s population.
Still, recent comments at German Blockchain Week from Eli Ilha Yune, chief product officer at quantum machine learning startup Anzaetek, suggest that this is not a consequence of the local population’s enthusiasm for blockchain technology. He explained during an “Asia Insights” panel that there…
