In a world where everyone’s a critic and even the weather seems to have an opinion, South Korean retail traders have decided to give the finger to high-profile US tech firms, opting instead for the glittering allure of crypto-related stocks. It’s a bit like choosing a roller coaster over a comfy armchair, but hey, who am I to judge?
Tesla Loses Ground, Bitmine Gains Momentum 🌟
On Monday, Bloomberg, the news outlet that brings you the latest in finance with a side of existential dread, reported that Tesla stock has lost its luster among South Korea’s retail investors. These savvy traders have been offloading Tesla shares like hot potatoes in favor of something a bit more… sparkly.
According to the report, the electric carmaker, once the darling of the tech world, has seen a whopping $1.8 billion exodus over the past four months. That’s a lot of money, folks, enough to buy a small country or at least a really big yacht. This suggests a waning enthusiasm among one of Tesla’s most loyal global retail investor bases, a group that was once so passionate they probably had Elon Musk posters in their bedrooms.
A 33-year-old retail trader, who wishes to remain anonymous because he’s probably already in a witness protection program, told the news media that Tesla has failed to “win people’s hearts” due to its inability to lead with its own AI narrative. In other words, they’re just not cool anymore. The investor, who first bought the stock in 2019, sold out earlier this year to focus on equities that, let’s face it, have more pizzazz.
Bloomberg’s calculations of depository data revealed that while Tesla remains the top foreign stock among South Korean retail traders, individual investors sold approximately $657 million of Tesla stock in August. That’s the company’s largest outflows since 2019, a year when dinosaurs roamed the earth and smartphones were a novelty.
In contrast, retail traders in South Korea have been pouring their hard-earned cash into more volatile bets, like crypto-related stocks. During this period, investors pumped a cool $253 million into Bitmine Immersion Technologies Inc., a company that’s basically the digital equivalent of a unicorn.
As reported by Bitcoinist, South Korean investors purchased $259 million worth of Bitmine stock in July, making it the most purchased foreign security stock. According to Korea Securities Depository data, this was a clear sign that the times, they are a-changin’.
Korean Investors Pour Millions Into Crypto Stocks 💰🚀
Data from the Korean Center for International Finance (KCIF) showed that the percentage of crypto-linked equities in the top 50 net-bought stocks by local retail investors skyrocketed from 8.5% in January to 36.5% in June, before settling back down to 31.4% in July. It’s a roller coaster ride, folks, and these investors are loving every twist and turn.
Citing a report from 10x Research, The Korea Times highlighted that individuals have purchased over $12 billion worth of crypto-related stock in 2025, with Bitmine, Circle Internet Group, and Coinbase leading the charge. It’s like a digital gold rush, but without the mud and the dysentery.
Retail investors’ buying spree reportedly intensified last month, with traders pouring $426 million into Bitmine, $226 million into Circle, and $183 million into Coinbase. This marks a significant shift from the previous trend, where Korean retail investors were all about the US tech giants. But times change, and so do tastes.
“Korean investors are pouring billions into crypto stocks, reshaping global flows in ways Wall Street can no longer ignore,” the report affirms. And why should they? With the push for digital assets regulation and the institutionalization of won-pegged stablecoins, it’s a whole new ball game. President Lee Jae-myung, in his infinite wisdom, has vowed to address the status of crypto-based ETFs during his electoral campaign, adding a layer of political intrigue to the mix.
Since then, multiple bills related to the issuance and distribution of KRW-pegged stablecoins have been introduced in South Korea’s National Assembly. However, the industry has expressed concerns about the disconnect between the industry and South Korean regulators. It’s a bit like trying to teach quantum physics to a hamster-there’s a communication gap, and it’s not getting any smaller.
//bitcoinist.com/wp-content/uploads/2025/09/ETHUSDT_2025-09-01_12-23-23.png?w=980&resize=980%2C564″/>
Read More
- FTN PREDICTION. FTN cryptocurrency
- STETH PREDICTION. STETH cryptocurrency
- NEXO PREDICTION. NEXO cryptocurrency
- Silver Rate Forecast
- Gold Rate Forecast
- USD HKD PREDICTION
- Brent Oil Forecast
- EUR CHF PREDICTION
- USD AUD PREDICTION
- EUR INR PREDICTION
2025-09-02 04:22