14% of Russians think cryptocurrencies will oust the Fiat currency in 10 years

A new survey has revealed the different positions of the Russians towards cryptocurrencies and fiat currency. In particular, some of the respondents believe that digital assets will replace fiat currency in ten years.

Moscow residents believe cryptocurrencies will replace the Fiat currency, while others are skeptical

According to Nord News, the research was conducted by Otkritie Bank, a Moscow-based financial institution and one of the top ten banks in the country. It found that 14% of the 1.000 Muscovites surveyed said they were optimistic in terms of digital currencies and that the outlook was also good for the years to come.

The bank collected these responses from people between the ages of 18 and 65. The survey took place in the largest cities of Russia between 12 and 16 April. Although 8% of respondents from the Northwest region think cryptocurrencies will oust fiat currency in ten years, 21% of Moscow residents believe just the opposite.

In fact, four out of ten people in the Russian capital expect banks to reinvent themselves in "digital ecosystems". Meanwhile, the cryptocurrency industry continues to develop and extend its arms towards new horizons.

Much is still being said about traditional fiat in the Northwestern Federal District. There, 34% of respondents "believe that cryptocurrencies cannot replace traditional currencies for any reason," the survey said.

Furthermore, a neutral position came from the entire Moscow region, where 46% of residents who were surveyed believe that people should always have the choice of using cryptocurrencies or traditional money.

However, 39% of respondents think that "it is impossible to give up cash because not the whole world will be able to do without it".

Crypto assets are gaining ground in Russia as an investment asset, despite the gloomy regulatory environment

Overall, the survey is in line with recent ones published by the World Gold Council (WGC). As reported a few months ago on our pages, the cryptocurrency is listed in Russia as the fifth most popular investment vehicle, with a percentage of around 17%.

WGC survey authors pointed out that cryptocurrency investments are kicking off in Russia, even though regulations are rather gray in the region.

We remind you that all those who want to invest in cryptocurrencies here in Italy can already do it with automatic trading platforms such as Bitcoin Pro, which allow you to invest small amounts of money. In this way, if cryptocurrencies continue to be successful, you can have a solid return, having risked very little.

Simple installation, free registration and 24/7 customer support are just some of the most relevant benefits offered by this type of platform. Especially ideal for beginners and those who have never traded in their life. But what do you think of the survey? Let us know your opinion in the comments section below.