Fun

World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia

News Feed - 2020-10-22 10:10:08

World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia


According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold.


The World Gold Council (WGC) is considered an authority on the gold industry as the market development organization works with all types of industry leaders in the precious metals field. WGC also manages the very popular web portal gold.org and it often publishes research studies concerning safe-haven investments.


Just recently, WGC published a report concerning gold investments in Russia and the study also touched upon cryptocurrency investments as well.


The WGC surveyed 2,023 Russian investors that stem from all around the country. 68% of the surveyed participants said “gold is seen as an effective store of value.”


“Most Russian investors believe [gold] holds its long-term value and protects against currency and inflation fluctuations,” the WGC study details. In a chart that highlights the “investments in Russia over the past 12 months,” cryptocurrency investment vehicles represent a higher percentage than gold.



Cryptocurrency is listed as the fifth-most popular investment vehicle with a percentage rating of around 17%. Meanwhile, gold is roughly 16% among the 2,021 WGC survey participants.


Ahead of cryptocurrency investments include things like savings accounts, foreign currencies, real estate, and life insurance respectively. Below cryptocurrencies and gold on the WGC list are investments like collectibles, gold coins, stocks, and government-issued bonds.


Additionally, the WGC authors wrote that crypto investment is taking place in Russia even though regulations are quite gray in the region.


“The rise of cryptocurrencies demonstrates that there is a desire for choice and appeal among retail investors. As the Russian investment market takes shape, opportunities for different investment products will emerge and gold will need to respond,” the WGC authors said.


What do you think about the WGC report which shows cryptocurrencies as being Russia’s fifth-most popular investment? Let us know in the comments section below. $10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply NEWS | 14 hours ago Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K NEWS | 16 hours ago Tags in this story 2021 investors, Assets, Bitcoin, BTC, crypto investment, Cryptocurrency, cryptocurrency 17%, gold, gold 16%, gold authority, Gold.org, Investment vehicle, participants, Real estate, Research, Safe haven, study, Survey, WGC


Image Credits: Shutterstock, Pixabay, Wiki Commons, WGC report Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Cointelegraph Innovation Circle8 hours ago10 crypto insiders share their advice for traders considering trading botsBeing fully aware of both the strengths and weaknesses of bots can help traders leverage them with optim
Checkout.com Reveals Merchants Can Accept and Make Payments in USDC
Checkout.com Reveals Merchants Can Accept and Make Payments in USDC On Tuesday, the financial technology company Checkout.com announced that it will allow merchant settlements usin
Self-Proclaimed Satoshi Nakamoto's Bitcoin 'Reveal' Is an Epic Fail
TwitterFacebookLinkedInThe "big reveal" by the latest self-proclaimed Satoshi Nakamoto was an epic failure that overpromised and underdelivered. | Source: ShutterstockBy CCN Markets
Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX
Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, th
Savannah Fortis14 hours agoSouth Korea to pilot CBDC in one of these three cities, not SeoulSouth Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital
Kadena Launches $100 Million Grant Fund to Develop Web3 Experiences
Kadena Launches $100 Million Grant Fund to Develop Web3 Experiences Kadena, a proof-of-work-based cryptocurrency that also has the possibility of supporting smart contracts, has an
Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak
Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday.
US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy
US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would"ve Prevented FTX Bankruptcy U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have
Solana Price At $4,000? Cup And Handle Pattern Shows Why This Is Possible
Este artículo también está disponible en español. The Solana price is currently in a massive supply zoneafter recent declines in the past 48 hoursthat cut across the enti
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45% While the crypto economy has shed significant value, losing more than $2 trillion since the high
Biggest Bank in Venezuela Suffers 5 Day Outage After Hack Attempt
Biggest Bank in Venezuela Suffers 5 Day Outage After Hack Attempt The Bank of Venezuela, one of the biggest state banks in the country, is now experiencing an outage that has left
XRP Whales Keep Loading Up Their Bags – 100 Million XRP Accumulation In 48 Hours
Este artículo también está disponible en español. XRP is currently trading around the $3.10 level after a weekend marked by significant volatility and a lackluster market