South Korean Investors Favor Bitcoin Over Gold for Next Six Months – Coincu

South Korea recently hosted a survey involving Coinness and Cratos, revealing that 45.4% of local investors expect Bitcoin to outperform gold over the next six months.

This survey’s findings highlight ongoing trust in Bitcoin compared to traditional safe assets like gold.

Survey Shows Rising Confidence in Bitcoin Amidst Global Economic Uncertainty

The survey conducted jointly by Coinness and Cratos has revealed a notable shift in confidence towards Bitcoin as 45.4% of respondents expect it to outperform gold in the coming months. This survey illustrates a prominent tilt toward digital assets amidst global economic uncertainties. Concurrently, 46.2% of those surveyed anticipated a rise in Bitcoin’s price in the following week.

South Korea’s regulatory landscape may significantly shape Bitcoin’s future as policy chief Kim Sang-hoon has advocated for the Digital Asset Promotion Basic Act. His assertion of crypto being the ’21st-century gold’ further underpins a national strategic focus on digital assets. Kim Sang-hoon described crypto as an ‘asset class of the new economy, with the potential to be the ’21st-century gold’ store of value.’

Despite the positive aspects, community sentiment remains mixed; 49.9% of investors hold a neutral stance, while 31.5% remain optimistic or extremely optimistic. These differing views among investors underscore a cautious optimism in a fluctuating market landscape.

Bitcoin’s Market Performance and Potential Regulatory Impact in South Korea

Did you know? Throughout history, Korea has often led in tech adoption, with significant enthusiasm for cryptocurrencies during global economic uncertainty, often mirroring their faith in cutting-edge financial solutions.

According to CoinMarketCap, Bitcoin’s current market cap of $1.87 trillion positions it prominently, with a circulation of 19,856,915 BTC at a $94,363.46 price. Over the last 30 days, its value rose by 12.48%, showcasing robust market activity. The 24-hour trading volume sits at $18.16 billion, reflecting 3.59% growth. These figures indicate sustained interest and investment flows into Bitcoin.

Coincu research indicates that recent regulatory pushes could see Bitcoin’s institutional embrace in South Korea, potentially enhancing market liquidity. Technological innovations and economic policies supporting cryptocurrencies are poised to influence their broader acceptance, offering a potential boon to both investors and the economy at large.