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Young Russians View Crypto as Safe Investment Amid Economic Uncertainty, Poll Finds

As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds of the population.
Under Sanctions, Russians Consider Buying Property, Gold, and Crypto
Financial and other penalties imposed by the West over Moscow’s decision to invade Ukraine are already affecting the economic situation in Russia. Despite the bleak perspectives, for many Russians property and gold continue to be — just like before — the most desired investment.
The share of those who regard the purchase of real estate as the most reliable investment has been declining in the past few years but it’s still 33% in 2022, the Russian analytical center NAFI revealed in a new report. And 36% of the respondents in its study believe it’s the most profitable option.
At the same time, gold has been gaining re

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