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Contents

Cryptocurrencies entered the top 6 investments in the Russian market

Cryptocurrencies entered the top 6 investments in the Russian market
CONTENT

  • Cryptocurrencies overtook gold in terms of investment attractiveness in the domestic market

  • The popularity of digital assets is driven by a low barrier to entry

  • Savings deposits and real estate remain the preferred investment vehicle

International consortium of news organizations, developing transparency standards.

Digital currencies overtook gold investments in popularity, surpassed only by savings bank deposits

Cryptocurrencies remain one of the most preferred ways to invest. This is the conclusion reached by analysts of the World Gold Council. Cryptocurrencies are outperforming even gold in popularity, but lagging behind other more traditional ways of exaggerating capital, including real estate and savings, according to a published report..

“… cryptocurrencies remain popular due to their availability alongside foreign currencies, which also benefit from being viewed as a store of value amid a weakening ruble,” the report said..

However, cryptocurrencies are not long-term assets for investment.

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Virtual currencies, along with the dollar and euro, are mainly bought and sold throughout the year.

Cryptocurrencies entered the top 6 investments in the Russian market

Investors prefer gold for long-term profit.

Source: retailinsights.gold

The report also states that at least a quarter of Russian investments are made online..

Cryptocurrencies entered the top 6 investments in the Russian market

Cryptocurrencies remain the predominant online investment: 79% are made on the Internet. At the same time, gold-backed ETFs buy only 35%, and gold itself is at all 31%.

The popularity of cryptocurrencies, according to the World Gold Council, is due to frequent media coverage:

“Despite the very real risk of losing investment, the cryptocurrency market positions its products as modern, fun and exciting.”.

Domestic paradox

The organization’s analysts emphasize the paradoxical nature of the domestic investment market. In general, cryptocurrency investments, distinguished by speculation and high volatility, began to dominate in the conservative investment market. In this situation, gold has not yet established itself as the main investment asset, experts summed up.

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At the same time, Russian regulators are taking steps to curb the digital finance market. Previously BeInCrypto editors reported, that the Central Bank of the Russian Federation limited the investment of unqualified investors in the cryptocurrency market in the amount of up to 600 thousand rubles per year.

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Cryptocurrencies entered the top 6 investments in the Russian market

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