Crypto crash dashes dreams of South Korea's lost generation

Young adults turn to virtual currencies as only chance for 'happiness'

20210531N bitcoins on hand (REUTERS)

The recent plunge in the value of bitcoin and other cryptocurrencies has hurt many new investors in South Korea. © Reuters

SOTARO SUZUKI, Nikkei staff writer

SEOUL -- For one young woman attending university in South Korea's capital, the recent roller coaster ride of cryptocurrency values -- dubbed a week of hell from market watchers -- has left her in a constant state of panic.

"I can't think of anything... It's completely unbearable," she said.

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