Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in Crypto Profits – Finance Bitcoin News

by Gordon James

The South Korean cryptosphere is experiencing regulatory volatility as the prices of bitcoin and other alkocurrencies are also showing wild movements. Such a scenario has not stopped the country’s middle class from profiting from the cryptocurrency market, even with very successful stories.

A respondent risked his life in a crypt.

According to a report by JTBC TV, employees of major companies such as Shinhan Card, Samsung and LG Electronics have claimed that they have collected enough profits to quit their jobs.

The video report shows that individuals have successfully raised millions of dollars in cryptocurrencies.

One of them, former employee Shinhan Card, told JTBC that he managed to earn almost 3 billion won ($2.7 million), but explained that he took the risk to make such an amazing profit.

In fact, he invested his savings and some loans in cryptocurrency trading, and after making $1 million in profits, he quit his job at Shinhan Card last month. Interestingly, he has become a full-fledged YouTuber to showcase his success in crypto investing.

Former employee of Samsung Profitapprox. $36 million

But his story is far from the most successful presented in the report.

Another former employee interviewed by JTBC who worked at Samsung claimed to have earned about 40 billion won ($36 million) after investing only 50 million won ($44,670) in cryptocurrencies.

It should be noted that none of the above respondents revealed which cryptocurrencies they invested their money in.

However, an employee of Yeoido Financial District – who did not disclose the name of the company – was reluctant to invest in bitcoin (BTC), telling JTBC that many people invest in cryptocurrencies. She said she was uncomfortable with such investments. News recently reported that South Korea’s crypto market continues to grow globally, as a study showed that domestic crypto investors increased their investments between the first and second quarters. January and the 25th. February 2021: transactions of about $7 billion per day.

What do you think of this report on how South Korea’s middle class is making amazing profits from cryptocurrencies? Let us know your comments in the section below.

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