Beyond traditional investments like bonds or shares, a significant number of Ukrainians possess cryptocurrency assets.
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Loading... - Vissarion Novikov
- 12 Jul 2024
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In mid-2024, a higher percentage of Ukrainian citizens are investing in crypto assets compared to bonds or stocks. A survey conducted among residents of cities with over 100,000 people revealed that 26% of Ukrainians own cryptocurrencies. Real estate remains the most favored investment, followed by bank deposits.
The reasons for Ukrainians' interest in cryptocurrencies include their popularity and relevance (47%), investment potential (40%), and the possibility of high returns (38%). Other factors such as protection against inflation, accessibility, openness, and anonymity are also significant.
Half of the respondents are considering entering the digital asset market, while 37% are not interested. The main obstacle for those not using cryptocurrencies is a lack of knowledge and understanding (64%).
Interestingly, the Visit Ukraine portal stands out as one of the few Ukrainian websites where products like tours, merchandise, and insurance can be purchased using cryptocurrency.
Despite the lower popularity of bonds compared to cryptocurrencies, investments in Ukrainian government bonds continue to show support for the country during times of conflict. Since the start of the full-scale invasion, over UAH 1 trillion has been raised through bond issuances for the state budget.
