Poll: 3 Out of 4 Russian Investors Would Rather Buy Cryptocurrency Than Gold or Fiat – Bitcoin News

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.

Only a little over 14% of the respondents said they would put money into fiat while a staggering majority of 76.9% would rather buy cryptocurrencies such as bitcoin.

Over 17% of the participants in the survey transact with digital currencies at least once a month and 35.1% trade crypto even more often than that.

However, 77.1% of the latter group of investors, those who have never traded digital coins, consider acquiring cryptocurrency in the near future.

An impressive 76.5% of them believe that the share of digital currencies in circulation will continue to grow within the next five years and 8% expect them to replace cash completely.

Another interesting finding in the AFD survey, quoted by Forklog, is that over half of the questioned investors, 51.5%, decided to buy digital currencies in order to increase their long-term savings while those who sought quick profits are only 8%.

Almost 16% believe cryptocurrencies do not require any regulations and close to 9% doubt that decentralized digital money can at all be subjected to state control in the first place.

This week a project called Pleasrdao announced that a notable Doge non-fungible token that sold in June 2021 for 1,696.9 ether or over $3.6 million at the time of sale, will be fractionalized.

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