Survey: 77% of Russian investors say Bitcoin is more promising than ‘traditional currencies’ and gold

Nearly 77% of Russian investors consider purchasing cryptocurrencies more promising than investments in ‘traditional national currencies’ and gold. This is evidenced by data from a survey conducted by the Association of Forex Dealers (AFD) in August.

The study, examining investors’ attitudes toward digital currencies, included 502 respondents.

Seventeen percent of respondents engage in digital-currency transactions at least once a month, 25% less than once a month, 35% more often. 23% have never worked with such instruments, yet the vast majority of these investors plan to acquire digital assets in the near future.

More than half of the participants cited the desire to increase their savings as the reason for investing in digital currencies.

Cryptocurrencies such as Bitcoin, Ethereum or Litecoin are far more attractive to investors than national currencies or gold.

Forty percent of respondents believe that government intervention in the issuance and circulation of digital currencies should be minimal; almost 35% advocate market regulation. Sixteen percent are confident that digital assets should not be subject to any regulation. Another 9% do not understand how such currencies could be regulated.

Most investors (61%) strongly disagree with the Bank of Russia’s recommendations that exchanges should not permit the trading of crypto-linked instruments.

76.5% of respondents believe that in the next five years the share of digital currencies in overall turnover will increase significantly.

As noted in January by Bank Otkrytie’s survey, 63% of Russians are willing to buy cryptocurrencies. In April, 46% of citizens allowed the use of digital currencies for part of operations within ten years.

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