South Korea's N-Po generation turns to coin investments to survive
"South Korea's N-Po generation - those who have given up on marriage, childbirth and home ownership - are finding new hope in cryptocurrency," according to Cointelegraph, a media outlet specializing in cryptocurrency.
"They are suffering from skyrocketing housing costs and inflation, but are finding it increasingly difficult to live a basic life on their salaries alone. As a result, they are looking for a one-time turnaround and investing in high-risk assets as an option to turn things around. They are turning to online platforms to generate additional income, especially as they find it harder to make ends meet, and are focusing more on speculative cryptocurrencies such as altcoins and memecoins. In fact, one study found that adventurous South Koreans prefer to invest in altcoins, while showing little interest in bitcoin. While there are some pessimistic views on this phenomenon, there is a general consensus inside and outside the cryptocurrency industry that it is a passionate desire to "find the light" in the midst of social difficulties.
