42.9% of Turks see gold as the best form of investment, only 1.9% of Turks would invest in cryptocurrencies – Featured Bitcoin News

A new study found that nearly 43% of Turks surveyed believe that gold is the best form of investment, while only 1.9% said they would invest in cryptocurrencies. Real estate was the second most popular after gold, with 27.4% of respondents saying they would invest.

Fewer Turks now see gold as the best investment

A recent study by Areda Survey found that a significant number of Turks – around 42.9% – still believe that gold is the best form of investment. This figure is nearly 15 percentage points lower than the number of Turks who saw gold as a desirable investment in April 2021.

In terms of the gender of those who said they would invest in gold, the study found that 45.9% of respondents were women, while men made up 42.2% of those respondents.

Besides gold, Turkish newspaper Hurriyet report The next most popular investment for Turks is real estate with 27.4%. That figure is slightly higher than the 26.9 per cent who said they would invest in real estate last year, the report added.

Foreign currency is preferred

As previously reported by Bitcoin.com News, Turkey’s high Inflation rate combine one Currency devaluation Residents have been forced to switch from the Turkish lira to foreign currencies. According to the Areda survey in May 2022, when asked about the type of instruments they would invest in, 23.7% of respondents said they prefer foreign currencies.

While reports suggest that Turkey’s economic situation is forcing residents to invest in cryptocurrencies, the results of the Areda survey appear to suggest that few Turks consider it an ideal investment.

As shown in the Hurriyet report, only 1.9% of respondents said they would invest in cryptocurrencies. That’s lower than the 3.1% that said they would invest in deposit accounts, but higher than the 1% that would be invested in stocks.

What do you think of these findings? You can tell us your thoughts in the comments section below.

Terence Chimwala

Terence Zimwara is an award-winning journalist, author and author from Zimbabwe. He has written extensively about the economic woes of some African countries and how digital currencies can provide an escape route for Africans.

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