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Crypto gives hope to Russian investors

Şükriye Akdeniz

Sep 2, 2021

3 out of 4 investors in Russia prefer crypto money as an investment tool

According to the results of a recent survey, the vast majority of Russians who invest in crypto consider crypto assets to be a more attractive investment vehicle than gold or traditional fiat currencies. Even those who have never traded digital assets are planning to buy cryptocurrencies soon.
According to the results of a survey by the country's Forex Dealers Association, national currencies are increasingly losing their appeal for Russian investors. Just over 14% of respondents said they would invest in fiat money, while a substantial 76.9% would rather buy digital assets like bitcoin. According to less than 9%, any currency is not suitable for a good investment and instead, they think gold should be the investment tool of choice.
More than 17% of the respondents trade digital currencies at least once a month, while the rate of those who trade cryptocurrencies more often than that is 35.1%.
In addition, 77.1% of those who have never traded cryptocurrencies aim to buy cryptocurrencies soon, while 15.3% of those surveyed stated that they have not yet decided on this issue. According to the survey, only 7.6% do not consider buying cryptocurrencies.
More than 90% of those surveyed between 4 and 24 August were in the 25-44 age range. What is impressive is that 76.5% of respondents believe that the share of digital currencies in circulation will continue to increase over the next five years. According to the results of a survey conducted in April, 14% of all Russians between the ages of 18-65 believe that cryptocurrency will surpass fiat currency within ten years.

Attention to Investors!

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided by authorized institutions with the individual's risk and profit preferences taking into account. The comments and recommendations on the other hand here are general. These recommendations may not be suitable for your financial situation and risk and profit preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.

PiSoCrypto Team

Contact

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