Home News Crypto is a hedge for 46% of Russian retail investors, survey states

Crypto is a hedge for 46% of Russian retail investors, survey states


According to new research, more than half of the Russian retail investors believe cryptocurrencies like Bitcoin (BTC) are a hedging asset related to consistent income.

In like manner, A financial publication, Investing.com, polled 1,000 Russian retail investors to find out what kind of alternative investments they were most interested in.

Additionally, according to a poll performed by Investing.com of 1,000 Russian retail investors, 46% of respondents considered cryptocurrencies as a potential defensive asset. That would allow them to hedge against financial risks during a recession.

Only 37% of respondents who invest in alternative assets believe real estate is a solid investment vehicle. Demonstrating that crypto is favoured by Russian retail investors over real estate.

Real estate has always been Russia’s top hedging asset, according to Anastasia Kosheleva, the head of Investing.com’s Russian department. According to her, cryptocurrency has eclipsed traditional assets like foreign exchange currencies. And equities as the most popular investing trend in 2021.

There are other cryptocurrencies accessible. However, it appears that Bitcoin is the most popular alternative investment among Russians. Bitcoin was the most popular cryptocurrency in Russia in October, according to Brand Analytics. Beating Tether (USDT) and Litecoin (LTC) in terms of social media mentions.

According to a recent survey, 77% of Russian investors prefer Bitcoin to gold.

Russia comes the third in the world in BTC hash rate

Last week, the Bank of Russia published a report on financial stability. Noting the country’s growing prominence in the $2.8 trillion global cryptocurrency industry. According to the central bank, Russia is one of the most active users of the Binance cryptocurrency exchange. And has the third-highest national BTC hash rate in the world.

In the face of growing inflation and the ongoing COVID-19 pandemic. Global investors are increasingly gravitating to cryptocurrencies like Bitcoin as a hedge against financial risk.

In addition to traditional assets like gold, Goldman Sachs’ head of energy research, Damian Courvalin, argues that crypto is becoming a popular way for investors to hedge against inflation. “Just as we say that silver is the poor man’s gold, gold may be the poor man’s crypto”, he continued in mid-November.

Since government bonds have lost their usefulness as a risk buffer, Vimal Gor, the head of alternative duration strategies at Pendal Group, has previously indicated that cryptocurrencies should be incorporated in new alternative defensive portfolios.

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