The most popular motives for buying were the desire to explore a new investment instrument and to save funds

Survey: one-third of Russians intend to buy cryptocurrency in the next six months

25.08.2022 - 11:05

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2 min

What’s new? According to a survey by crypto company Tangem, the results of which Kommersant studied, 31% of Russian citizens intend to invest in digital assets in the next six months. At the same time, about one-third of Russians (30%) do not intend to buy cryptocurrency at all, the remaining 39% are still undecided. However, only 6% of the residents of the Russian Federation (by their own estimates) are well versed in the topic of cryptocurrencies, although 80% are familiar with the term itself.

Kommersant’s material

What else does the research say? The survey was conducted among 2100 active Internet users in cities with a population of more than 100 000 people. Of these, 45% are positive about cryptocurrencies, 46% are neutral and 9% are negative.

“The most positive is the opportunity to earn (44%), and the most negative is the lack of tangible backing (68%),” the Tangem research says.

72% of respondents have never bought digital assets, 15% have made a purchase worth up to $100, 9% between $100 and $1000, and 4% have made a purchase for over $1000.

The most popular motives for buying cryptocurrencies were the desire to explore a new investment vehicle (68%), to preserve funds (22%), and to diversify investments (19%). 18% of respondents bought digital assets to pay for goods, services, or services, while another 16% bought them to protect themselves from currency fluctuations and inflation and to play on stock exchanges.

Nikita Vassev, founder of TerraCrypto, in an interview with Kommersant, noted that interest in cryptocurrencies increased dramatically after the Russian authorities imposed currency restrictions this spring. The expert added that many Russians take money out of the country with stablecoins and bitcoins, exchanging them for fiat in countries such as Georgia or the UAE.

Earlier, the UN reported that in 2021, Russia and Ukraine topped the ranking of countries with the highest percentage of cryptocurrency holders among citizens. In Ukraine, this figure was 12,7%, and in Russia — 11,9%.

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