An overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established.
Only a little over 14% of the respondents said they would put money into fiat while a staggering majority of 76.9% would rather buy cryptocurrencies such as bitcoin.
Over 17% of the participants in the survey transact with digital currencies at least once a month and 35.1% trade crypto even more often than that.
However, 77.1% of the latter group of investors, those who have never traded digital coins, consider acquiring cryptocurrency in the near future.
An impressive 76.5% of them believe that the share of digital currencies in circulation will continue to grow within the next five years and 8% expect them to replace cash completely.
Another interesting finding in the AFD survey, quoted by Forklog, is that over half of the questioned investors, 51.5%, decided to buy digital currencies in order to increase their long-term savings while those who sought quick profits are only 8%.
Almost 16% believe cryptocurrencies do not require any regulations and close to 9% doubt that decentralized digital money can at all be subjected to state control in the first place.
This week a project called Pleasrdao announced that a notable Doge non-fungible token that sold in June 2021 for 1,696.9 ether or over $3.6 million at the time of sale, will be fractionalized.