42.9% of Turks consider gold the best form of investment, only 1.9% would invest in crypto – Featured Bitcoin News

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

Fewer and fewer Turks now see gold as the best investment

A recent study by Areda Survey revealed that a significant number of Turks – around 42.9% – still consider gold as the best form of investment. This figure is almost 15 percentage points lower than the number of Turks who considered gold the ideal investment in April 2021.

When it comes to 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, the Turkish newspaper Hurriyet reported that the second favorite investment of the Turks is real estate with 27.4%. This figure is slightly higher than the 26.9% who said they would invest in real estate last year, the report adds.

Preferred foreign currency

As previously reported by Bitcoin.com News, Turkey’s high inflation rate combined with a depreciating currency has forced residents to switch from Turkish Lira to foreign currencies. According to the May 2022 Areda survey, 23.7% of respondents said they would prefer foreign currencies when asked what type of instrument they would invest in.

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

As the Hurriyet report shows, only 1.9% of respondents said they would invest in cryptocurrencies. That’s less than the 3.1% who said they would invest in deposit accounts, but more than the 1% who would invest in stocks.

What do you think of these discoveries? You can tell us what you think about it in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

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