How Is Turkey Approaching Bitcoin Investment

How is Turkey approaching Bitcoin investment? What do Turkish investors think of the leading cryptocurrency?

According to a survey conducted by Investing.com in Turkey, 21% of respondents think that the leading cryptocurrency Bitcoin will reach 100 thousand dollars. Investing.com conducted a survey with the participation of approximately 1800 people to understand the habits and predictions of cryptocurrency investors in Turkey. In the survey, cryptocurrency investors were asked how they view cryptocurrencies, including the leading cryptocurrency Bitcoin, and how they invest.

65 Percent Prefer Bitcoin

While 65% of respondents prefer to invest in the leading cryptocurrency Bitcoin, 35% choose not to. 11% of respondents said they have not preferred to invest in Bitcoin for more than a year. In addition, 59% of the participants stated that they invested in Bitcoin in the last 3 months, 20% in the last 3-6 months and 10% in the 6-12 months.

75 Percent Want to Buy Bitcoin

75% of the 1800 cryptocurrency investors surveyed want to add the leading cryptocurrency Bitcoin to their portfolio by the end of the year. 25% stay away from Bitcoin investments. 65% of respondents considering investing are considering investing less than $1000 in Bitcoin. While 23% are considering an investment between $1000 and $10,000, 9% plan to invest between $10,000 and $100,000. However, 3% of them plan to invest more than 100 thousand dollars in Bitcoin.

10 Percent Don't Trust Cryptocurrencies

In the survey, 1800 cryptocurrency investors were asked how much they trust Bitcoin and other cryptocurrencies. 10% of respondents said they do not trust cryptocurrencies. The remaining 90% answered the trust question by dividing it equally (30%-30%-30%) into “I trust a little”, “I trust on average” and “I trust completely”.