For Russian investors, cryptocurrencies have become more popular than gold

According to the World Council for Gold, cryptocurrencies – Fifth most popular investment tool in Russia after bank deposits, foreign currency, Real estate and life insurance.

Gold -Gold Council, Large organization for development The market for the gold mining industry, Published 20 October report
About Retailing Gold Trade in Russia.

According to the report, cryptocurrencies – The fifth most popular tool for Russian investors. According to the World Gold Council for the last 12 months, The cryptocurrencies follow gold - the share of these assets has to 17% and 16% All investments, respectively.

The report is based on an online interview with 2023 investors from different cities of Russia. Respondents – "Active investors", made at least one investment for 12 months, previous survey.

According to the report, Cryptocurrencies remain popular in Russia as an affordable investment tool. Meanwhile, Gold has not yet established itself as the main investment asset.

Analysts of the World Gold Council noted, that the trend towards cryptocurrency investments in Russia is manifested despite the risks, While gold was historically considered a stable investment tool in the long run. According to the report, This may be a sign of growing demand for new investment products:

“The growth of cryptocurrency investment shows the interest of retail investors in new products. As the Russian investment market is formed, there will be opportunities for various investment products, And gold will need to answer the requests of investors ".

Recall, that according to a recent study
Chainalysis, Ukraine, Russia and Venezuela entered the top 3 countries with a high cryptocurrency use index.