More than 30% of the wealthy residents of South Korea are invested in crypto assets, considering them as the main tool for long-term preservation and increase in capital, the study of the Hana Bank investment and financial corporation showed.

Hana Bank experts studied the change in investment preferences of Koreans with assets of 10 billion won ($ 7.3 million). Almost a third had already invested in Bitcoin and ether, and another 15% said that they plan to do this in the next two years.

As evidence of the attractiveness of cryptocurrencies, the respondents said that over the past five years, despite the volatility, Bitcoin has demonstrated a steady average annual growth of 45%.

“Digital assets become an integral part of wealthy investors who seek to use their potential to diversify portfolios and protect assets from inflation,” said Lee Hyun-Eok, head of the Hana Bank Sok (Lee Hyun-Eok) unit.

Hana Bank analysts said that 68% of the wealthy Koreans surveyed believe that the legislation in force in the country is quite reliable for long -term cryptocurrencies. More than 20% said Hana Bank, which is invested in cryptocurrencies through regulated digital platforms, as this, in their opinion, reduces the risks associated with cybercrime.

Just two years ago, analysts of the KB Financial Group financial group’s innovation center came to the conclusion that more than half of wealthy Koreans (58.3%) did not plan to invest in cryptocurrencies and did not trust cryptocurrencies.