Survey Finds 77% Of Russian Investors Prefer #Bitcoin $BTCUSD-BTC To Gold, Forex

Survey Finds 77% Of Russian Investors Prefer #Bitcoin $BTCUSD-BTC To Gold, Forex

Bitcoin is becoming increasingly popular in Russia, a survey found. The Russian Association of Currency Brokers (AFD), a local self-regulatory organization that focuses on the foreign exchange (forex) market, surveyed Russian investors to gauge their perception of #Bitcoin $BTCUSD-BTC and cryptocurrencies. AFD found that the vast majority of those surveyed said they prefer bitcoin to gold and forex.

Nearly 77% of those polled in the survey said #Bitcoin $BTCUSD-BTC and cryptocurrencies are the “most forward-looking” investment on their radar. That contrasts to gold, which was picked as the best investment by only 8.8% of those surveyed. At slightly higher preference rates sit “familiar national currencies,” which amassed around 14% of those that undertook the survey.

When it comes to oblivion to #Bitcoin $BTCUSD-BTC, only 23% of the investors polled said they had never used it. However, 77% of them said they were nonetheless planning to invest in bitcoin and cryptocurrency soon. The study found that only 7.6% of those that had never used #Bitcoin $BTCUSD-BTC were strongly opposed to getting involved in the asset class. Those in doubt whether #Bitcoin $BTCUSD-BTC was worthwhile to invest in amounted to 15% of respondents.

Evgeny Masharov, AFD chief, said the survey has clearly shown that Russian investors don’t perceive #Bitcoin $BTCUSD-BTC as a “hype product” anymore but instead as a real investment. AFD will send the survey results to the Bank of Russia and the State Duma Committee on Financial Markets. Last year, a survey conducted by the World Gold Council also shed some light on Russia’s #Bitcoin $BTCUSD-BTC adoption levels, discovering that #Bitcoin $BTCUSD-BTC ranked fifth in investment vehicles’ popularity. The rising adoption and popularity of #Bitcoin $BTCUSD-BTC by the Russian people contrast the stance taken by their government, which has been following a European trend of totalitarian views.

Published at Fri, 03 Sep 2021 13:21:01 -0400