185 Cryptocurrency Millionaires in Their 20s with Over 1 Billion KRW... Average Holdings of 5.2 Billion KRW

"Inherited Asset Diversification or Successful Full-Time Investor"

It has been revealed that there are more than 185 young people in their 20s who hold virtual assets worth over 1 billion KRW, including Bitcoin. The value of the virtual assets they hold amounts to approximately 967.2 billion KRW, with an average value of 5.228 billion KRW per person.

According to data on 'virtual asset holdings' received by Ahn Do-geol, a member of the National Assembly's Planning and Finance Committee from the Democratic Party, from the Financial Supervisory Service through virtual asset exchanges Upbit and Bithumb on the 3rd, there were a total of 3,759 individuals holding high-value accounts exceeding 1 billion KRW as of the end of last year. This data combines the top two virtual asset exchanges, Upbit and Bithumb, which together hold about 90% of the market share. Including three other KRW-based exchanges, the number is expected to be even higher.

Among them, 185 individuals in their 20s held accounts exceeding 1 billion KRW. The industry analyzed that "many people in their 20s who inherited substantial assets from their parents have diversified their wealth into various assets, choosing virtual assets among them, or have succeeded as professional investors, increasing their assets to over 1 billion KRW."

The age group with the highest number of accounts exceeding 1 billion KRW was those in their 40s, totaling 1,297 people. The value of virtual assets they hold amounts to 12.0497 trillion KRW, with an average of 9.29 billion KRW per person.

The group with the highest total holdings was those in their 50s. Although the number of account holders exceeding 1 billion KRW was 930, slightly fewer than those in their 40s, the value of virtual assets they hold was 13.82 trillion KRW, the highest among all age groups. The average per person was 14.86 billion KRW.

There are a total of 7.7 million active virtual asset accounts operated on Upbit and Bithumb. The average holding amount per account is 8.93 million KRW.

Looking at the investment scale, accounts investing less than 10 million KRW accounted for 92% of the total, with an average investment amount of 650,000 KRW for these small accounts. On the other hand, there were about 3,400 ultra-high-value accounts exceeding 1 billion KRW, with a total investment amount of 32.1279 trillion KRW and an average holding amount of 9.45 billion KRW per account. Although these accounts represent only 0.04% of all accounts, they hold nearly 47% of the total investment amount, showing a concentration more severe than the stock market.