Korean Crypto Investors Reveal Stunning Expectations for Ethereum Pectra Upgrade & Bitcoin

Curious about how crypto investors in Korea are feeling about the market and upcoming network changes? A recent survey offers fascinating insights, shedding light on expectations for Bitcoin, overall market sentiment, and crucially, perspectives on the Ethereum Pectra upgrade. Korean Crypto Investors Weigh In on Market Trends A survey conducted by Bitcoin World and Cratos between April 29 and May 2 polled 2,000 individuals, tracking weekly trends among Korean crypto investors. The results provide a snapshot of sentiment and expectations within this significant market. What Are Korean Crypto Investors Expecting for Bitcoin? When asked about Bitcoin’s (BTC) potential price movement, a notable portion of Korean crypto investors anticipate positive action: Increase or Significantly Jump: 48.1% (up from 46.2% the previous week) Stable Market: 36.5% (down from 38.9%) Decline or Sharp Drop: 15.4% (up from 14.9%) This indicates a slight increase in bullish sentiment compared to the prior week, with nearly half of respondents expecting upward movement in Bitcoin price expectation. Unpacking Crypto Market Sentiment Among Korean Investors Beyond specific price predictions, the survey gauged the general crypto market sentiment: Overall feelings expressed by respondents were: Neutral: 46.4% Optimism or Extreme Optimism: 35.2% Fear or Extreme Fear: 18.4% While a plurality felt neutral, the balance between optimism and fear leaned towards the positive side, reflecting a cautiously hopeful outlook among Korean crypto investors. Ethereum Pectra Upgrade: Korean Investors Prioritize Stability A key focus of the survey was the Ethereum Pectra upgrade, specifically the Ethereum Foundation’s decision to exclude the EVM Object Format (EOF) from the upcoming hard fork. This decision aimed for a more streamlined upgrade path. Here’s how Korean crypto investors viewed this move: Investor Viewpoint Percentage Cautious move strengthens long-term network stability 43.4% Decision could cause Ethereum to fall behind other platforms 27.9% Upgrade prioritizes users, with emphasis on stability 21.2% Technical change will have no impact on the price of ETH 7.6% The most prominent opinion, held by 43.4%, is that the exclusion of EOF is a cautious step that will ultimately enhance Ethereum network stability in the long run. Another significant portion (21.2%) also viewed the decision through the lens of user prioritization and stability. Ethereum Stability vs. Innovation: The Investor View While a majority of Korean crypto investors saw the EOF exclusion as a positive step for Ethereum network stability, a notable 27.9% expressed concern that this could potentially slow down Ethereum’s progress relative to competing platforms. This highlights a common tension in blockchain development: balancing rapid innovation with ensuring robust and stable infrastructure. The survey provides valuable insights into the mindset of Korean crypto investors. They show increasing bullishness on Bitcoin price expectation, maintain a largely neutral-to-optimistic crypto market sentiment, and significantly prioritize long-term Ethereum network stability when it comes to the Ethereum Pectra upgrade, even if it means a more phased approach to new features. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action .