Korean retail investors-who apparently treat crypto stocks like an all-you-can-eat buffet-are now shoveling money into U.S.-listed crypto companies faster than you can say “FOMO.” 🚀 Even as prices crash harder than your ex’s self-esteem, they’re still buying. Because nothing says “rational investment strategy” like doubling down on volatility. đź’¸
Billions Flow Into U.S. Crypto Stocks (Because Why Not?)
According to 10x Research (which sounds like a gym supplement, but okay), Korean investors have dumped over $12 billion into crypto stocks this year. The lucky winners? Bitmine, Circle, and Coinbase-because nothing says “safe bet” like companies tied to the most unpredictable asset class since Beanie Babies. 🧸
In August alone, they tossed $426 million at Bitmine (down 68%-oof), $226 million at Circle (also down 50%-double oof), and $183 million at Coinbase (which, let’s be honest, is basically a crypto casino at this point). Oh, and they also threw $282 million into a leveraged Ether ETF, because why settle for regular risk when you can 2x your potential misery? 🤡
“Korean investors are reshaping global capital flows,” said someone who clearly hasn’t seen their portfolio lately.
From Tesla to Crypto: A Tale of Poor Timing
Remember when Koreans were all about Tesla and Nvidia? Yeah, those were simpler times. Now, with crypto regulation tighter than your jeans after Thanksgiving, they’ve pivoted to digital asset stocks-because nothing fills the void like speculative gambling. 🎰
Buying the Dip Like It’s Going Out of Style
Despite Bitmine’s stock plunging faster than your dating prospects after mentioning you “love crypto,” Korean investors keep buying. Circle dropped like a bad habit, but hey-why let fundamentals ruin a good story? In just five days, they scooped up $96.87 million in Bitmine and $32.44 million in Circle, proving that hope springs eternal (or at least until margin calls). 📉
Caution: This Might End Poorly (But Who Cares?)
10x Research gently whispered, “Hey, maybe slow down?” as Circle corrected 50% and KakaoPay nosedived like a drunk seagull. But with billions flooding in, Wall Street can’t ignore the power of global retail investors-or, as we call them, “the bagholders of tomorrow.” đź‘ś
So buckle up, folks. The ride’s just getting started, and by “ride,” we mean “financial rollercoaster with no seatbelts.” Enjoy! 🎢
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2025-08-31 15:23