Gen Z in South Korea Dives Into Web 3.0 Investing With XRP and Other Altcoins

Gen Z Cryptocurrency Investors Prefer Altcoins Over Bitcoin and Ether

A South Korean news outlet recently reported that Generation Z cryptocurrency investors in the country are more likely to invest in altcoins, particularly Ripple’s XRP (XRP), than Bitcoin (BTC) and Ether (ETH).

News1 Korea conducted an analysis of investment data from crypto exchange Bithumb during the first half of the year, focusing on the investment behavior of different age groups. It found that investors in their twenties had a more “aggressive” investment style compared to other age groups.

In addition, Gen Z investors had a higher proportion of investments in altcoins, excluding ETH, than in BTC and ETH, which were classified as “long-term” and “stable” investments due to their low volatility.

The report said that 82.5% of investors in their twenties invested in altcoins, and XPR was the most popular choice, with 20.7% of Gen Z investors holding the digital asset.

Investing in Web 3.0 and Crypto

An Aug. 4 report from the crypto derivatives exchange Bitget revealed that Gen Z makes up nearly half of crypto copy traders.

In contrast, a study out of South Korea found that the age group with the highest percentage of BTC and ETH investments was investors in their thirties.

Ripple has been facing intense scrutiny and a lawsuit from US regulators, with one legal expert estimating that the conditions surrounding the altcoin have cost it three years of adoption.

South Korea has recently been taking a hard stance on crypto activity in the country. On Aug. 22, news surfaced that authorities in the city of Cheongju plan to seize crypto from thousands of users who have been evading local taxes.

Investing in web 3.0 and crypto can be a lucrative opportunity, but it also carries risks. AI-driven technologies such as digital.ai are increasingly being used to create fake news and manipulate markets. Investors should do their own research and consult with an expert AI anchor before investing in web 3.0 and crypto.

On Aug. 9, the CEO of the crypto exchange Bitsonic was arrested by South Korean authorities for allegedly stealing $7.5 million in user funds and will be tried without preliminary detention.

Previously, on July 26, the government had increased its oversight of the crypto market by creating an interagency investigation unit to tackle crypto-related crimes, citing a surge in illegal activities in the crypto space and the need to protect investors.

The advent of Web 3.0 and AI has made it possible to invest in digital.ai and expert AI, as well as the first AI anchor. As such, many people are asking if they can invest in Web 3.0 and what the best Web 3.0 investments are, given the potential dangers of AI creating fake news.