Skip to main content

Surveys: 73% of Russians Will Increase Crypto Investments

Surveys: 73% of Russians Will Increase Crypto Investments, 49% Want Crypto As Gifts

A recent survey shows that 49% of Russians want to receive cryptocurrency as gifts, with a large percentage specifying bitcoin. As cryptocurrencies grow in popularity, another survey reveals 73% of Russian investors expect to increase their cryptocurrency holdings next year.

Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales

49% Want Crypto Gifts

Russian technology portal Hi-Tech Mail conducted its traditional pre-New Year’s poll on what gifts Russians want to receive. With over 20,000 respondents participating, the company found:

When answering the question about the desire to receive a cryptocurrency as a gift, the opinions of the respondents were equally divided: 29% [said they] would be happy with such a prospect, another 20% specified that it must necessarily be bitcoin.

Meanwhile, 51% of respondents said they prefer to receive something else such as smartphones and other gadgets.

Surveys: 73% of Russians Will Increase Crypto Investments, 49% Want Crypto As Gifts

73% to Increase Crypto Holdings Next Year

Surveys: 73% of Russians Will Increase Crypto Investments, 49% Want Crypto As GiftsInterest in cryptocurrency has been growing in Russia. A global survey of 700 crypto investors conducted in November by Waves Platform indicates that, globally, 27% of investors believe that Japan will become the global leader in cryptocurrencies next year.

According to Waves’ Gleb Kostarev, 15% believe that Russia will take lead and the same percentage believe South Korea will. 14% believe the US will be the leader in this field.

Among Russian respondents, 39% believe that Japan will take the lead. 32% believe Russia will and 12% believe it will be the U.S.

Furthermore, almost 89% of all surveyed Russians purchase cryptocurrencies as long-term investments, Financial One reported. Only 24% invest for short-term gains while 22% invest out of interest.

Citing that 59% of domestic crypto investors consider the risk of losing funds to be moderate, and 25% consider it high, Waves’ CEO and founder Alexander Ivanov was quoted by the publication:

Despite the fears of many experts about the formation of a bubble in the market of cryptocurrencies, Russians do not intend to reduce their investments in this type of asset. 73% of respondents noted that in the coming year they will increase their cryptocurrency investments.

Meanwhile, the central bank and the finance ministry submitted the bill to regulate cryptocurrencies and initial coin offerings (ICOs) in Russia on Thursday. The bank refuses to recognize bitcoin as a means of payment and the finance ministry proposed considering it “other property.” The bill is expected to be adopted in March.

Do you think Russia will become one of the top countries for crypto investments next year? Let us know in the comments section below.

Images courtesy of Shutterstock, Hi-Tech Mail, and Waves Platform.

Need to calculate your bitcoin holdings? Check our tools section.

The post Surveys: 73% of Russians Will Increase Crypto Investments appeared first on Bitcoin News.



from Bitcoin News http://ift.tt/2CbPPVd
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more