- Oct 25, 2021
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Cryptocurrencies Outperform Traditional Currencies and Stocks in Russia
Alternative investments like crypto, real estate, and antiques constitute more than half of the portfolios of non-qualified investors in the Russian Federation, according to a new poll conducted by Investing.com. Digital currencies are leading among these options with 46% of 1,000 respondents viewing them as a hedge investment for the future.
Another 37% of those betting on alternative assets look at buying real estate as an effective investment, the Russian daily Izvestia
Property has historically played the role of a hedge asset, but cryptocurrency is a clear trend in 2021, head of Investing.com Russia’s Anastasia Kosheleva has been quoted as noting. She also pointed out that digital financial assets are even outperforming traditional fiat currencies, stocks, and other stock market instruments.
Russian Investors Rank Among Most Active in Crypto Market
Russians are some of the most active participants in the digital currency market, Bank of Russia has told Izvestia. The regulator recently
At this point, it’s unclear whether or when the central bank intends to introduce restrictions on how much non-qualified investors can put into crypto assets. In early October, news came out that Russian lawmakers are
Russian investments in digital coins are somewhere in the range between $300 and $500 billion, according to an estimate provided by Vladimir Ananyev, analyst at investment company Exante. They have registered a six-fold growth over the past year, he remarked. Both the value of these investments as well as the number of market participants have increased significantly, Ananyev added.
The most popular digital asset with Russian investors is bitcoin (
According to the publication, discussions on proposals to legally define the status of qualified investors in the crypto market are currently being held in Russia. However, domestic requirements for this category will not apply to retail investors on foreign cryptocurrency platforms, Ananyev noted, as the majority are not regulated in the Russian Federation.
Do you think Russia will impose restrictions for non-qualified crypto investors? Share your expectations in the comments section below.