Alternative investments such as crypto form half of the portfolios of Russian non -qualified investors -

Investments in alternative assets such as cryptocurrencies make up more than half of the portfolio of non -qualified Russian investors, as a recently carried out survey showed. Almost half of them consider digital currencies such as Bitcoin as potential protection.

cryptocurrencies exceed traditional currencies and shares in Russia

Alternative investments such as crypto, real estate and antiques make up more than half of the portfolios of non -qualified investors in the Russian Federation. Digital currencies are leading under these options, since 46% of 1,000 interviewed them as a security investment for the future.

Another 37 % of those betting on alternative systems see the purchase of real estate as an effective investment, according to the Russian daily Izvestia , cited the results of the study. Around 47% of the participants considered gold as a reliable instrument, especially in times of crisis, while 27% provides never of investing in the precious metal, since they prefer to invest their money in stocks and bonds.

Russians are among the most active participants in the digital currencies market, the Bank of Russia told IZVESTIA. The regulatory authority recently that the annual volume of Russian Inhabitants have reached $ 5 billion crypto transactions. In its financial stability overview for the second and third quarter 2021, the currency authority also emphasized the risks of investments in cryptocurrencies for both investors and the country's financial stability.

At the moment it is unclear whether or when the central bank intends to introduce restrictions on how much not qualified investors can invest in crypto-assets. At the beginning of October it became known that the Russian legislator think about restrictions for private crypto investors. Around the same time last year, the Bank of Russia proposed an annual limit of 600,000 rubles (around $ 8,000) to seek public opinion in the threshold.

According to an estimate by Vladimir Ananyev, analyst exante with the investment company, the Russian investments in digital coins are somewhere between $ 300 and $ 500 billion. You have seen six times growth last year, he noticed. Both the value of these investments and the number of market participants have increased significantly.

The most popular digital asset in Russian investors is Bitcoin ( btc ), but altoins attract more and more attention, emphasized the expert. The trend was confirmed to 42% by the decline in the dominance of cryptocurrency with the largest market capitalization.

According to the publication, discussions about proposals are currently being held in Russia to legally define the status of qualified investors at the cryptom market. However, the domestic requirements for this category do not apply to private investors on foreign cryptocurrency platforms, ananyv noted, since the majority are not regulated in the Russian Federation.

Do you believe that Russia will impose restrictions on non-qualified crypto investors? Share your expectations in the comment area below.

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