Survey finds 77% of Russian investors prefer Bitcoin to gold and forex
Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said. Cryptocurrencies like Bitcoin (BTC) are getting increasingly popular with Russian investors, apparently displacing traditional investment products, according to a new survey.Russia’s Association of Forex Dealers (AFD), a local self-regulatory organization focused on the foreign exchange market, polled 502 Russian investors to find out the local investor sentiment regarding cryptocurrencies. Released on Tuesday, the survey was conducted from Aug. 4....
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A local forex organization's survey found that most Russian investors prefer Bitcoin to gold and forex as an investment.
An overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established. Even among those who have never traded digital assets, most already think of buying crypto in the near future. Crypto Is the Promising Opportunity for Russian Investors National currencies are losing attractiveness for investors in Russia, a poll by the country’ Association of Forex Dealers (AFD) has recently found. Only a little over 14% of the respondents said they would put money into fiat while a....
A new survey from one of the world’s leading financial advisory firms, advising on over $10 billion in client capital, claims that two-thirds of its millennial customers far prefer Bitcoin over precious metals as the ideal safe haven asset. And in 2020 as the world goes almost entirely digital, millennials are being proven right. Gold fund flows are pouring into crypto, and the difference in ROI is substantial. Here’s why this trend is only going […]
Crypto seems to be nearly as popular as gold among Russian investors. Cryptocurrency investment is one of the most popular investment tools in Russia, according to a new report.The World Gold Council, a major market development organization for the gold industry, released a report on retail gold insights in Russia on Oct. 20.According to the report, cryptocurrency is currently the fifth-most popular investment tool in Russia after savings accounts, foreign currencies, real estate and life insurance. As part of the World Gold Council's rankings of Russian investments made in the past 12....
A growing number of fund managers and institutional investors now prefer bitcoin over gold. They see the cryptocurrency as a better store of value and a better inflation hedge. “I think it’s probably going to be ten times better than gold over a long period of time,” said the founder of one asset management firm.
Bitcoin vs Gold: Bitcoin Is a Better Store of Value
Fund managers and institutional investors are increasingly opting to invest in bitcoin rather than gold, seeing the cryptocurrency as a better store of value and a preferred hedge against....