Young Russians consider cryptocurrency to be a “reliable and profitable” investment.
As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds of the population.Financial and other penalties imposed by the West over Moscow’s decision to invade Ukraine are already affecting the economic situation in Russia.
At the same time, gold has been gaining recognition and 25% of Russians now think investments in the precious metal are reliable, compared to 21% two years ago. Investors who see future profits in gold have increased from 18% to 26% during the same period. The popularity of cryptocurrencies has grown significantly over the past years, the NAFI researchers have established. Two thirds of the respondents in their latest poll have heard about bitcoin while five years ago this group accounted for only 16% of the questioned.
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