<![CDATA[<figure class="image"><img src="https://cimg.co/news/123851/327182/adobestock-iryna-dincer-1.jpg" alt="" srcset="https://cimg.co/news/123851/327182/responsive-images/adobestock-iryna-dincer-1___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/123851/327182/responsive-images/adobestock-iryna-dincer-1___media_library_original_900_600.jpg 900w, https://cimg.co/news/123851/327182/responsive-images/adobestock-iryna-dincer-1___media_library_original_720_480.jpg 720w, https://cimg.co/news/123851/327182/responsive-images/adobestock-iryna-dincer-1___media_library_original_600_400.jpg 600w, https://cimg.co/news/123851/327182/responsive-images/adobestock-iryna-dincer-1___media_library_original_300_200.jpg 300w" width="1200" class="content-img"><figcaption>Source: AdobeStock / Iryna Dincer</figcaption></figure>Turkish&nbsp;adults are increasingly turning to cryptocurrency investments as the country continues to suffer from soaring inflation.&nbsp;According to a recent&nbsp;<a href="https://www.businesswire.com/news/home/20230830422621/en/KuCoins-Crypto-Report-Reveals-12-Increase-of-Turkey-Crypto-Investors-in-The-Past-1.5-Years">survey conducted</a>&nbsp;by major crypto exchange&nbsp;<a href="https://cryptonews.com/reviews/kucoin/">KuCoin</a>, over half of the Turkish population is now participating in the crypto market.&nbsp;This represents a 12% surge in the number of crypto investors in the country over the past 18 months, with figures rising from 40% in November 2021 to an impressive 52% by May 2023.The findings show growing interest and acceptance of cryptocurrencies as a safeguard against inflation, particularly given the significant&nbsp;<a href="https://cryptonews.com/news/fiat-fears-intensify-as-turkeys-inflation-runs-wild-citizens-turn-bitcoin-tether.htm">depreciation of the Turkish lira</a>&nbsp;by over 50% against the US dollar.&nbsp;The survey also revealed that the demographics of crypto investors among Turkish adults have diversified considerably over the past year and a half.&nbsp;While men continue to dominate the market with a 57% share, women's participation rates, particularly among the younger generation, show a rising trend.&nbsp;More specifcially, almost half (47%) of crypto investors aged 18 to 30 are female, suggesting a narrowing gender gap as crypto adoption becomes more widespread.&nbsp;In contrast, female investors over the age of 45 account for only 37% of the total.The younger generations are at the forefront of crypto investments in Turkey, with those aged 31 to 44 comprising the majority at 48%, closely followed by the 18 to 30 age group at 37%.&nbsp;<h2 id="31-of-turkish-crypto-investors-made-their-first-purchase-in-past-3-months">31% of Turkish Crypto Investors Made Their First Purchase in Past 3 Months</h2>The survey disclosed that 31% of all crypto investors made their first investment within the past three months, while 54% of investors under the age of 30 entered the market just last year.&nbsp;Conversely, 37% of investors over the age of 45 have been involved in crypto investments for over two years, indicating a steady and stable adoption process.The survey further revealed that 33% of investors under the age of 30 have invested more than 100,000 Turkish lira (TL) into cryptocurrencies.&nbsp;The findings also provide valuable insights into the motivations and preferences of adult crypto investors in Turkey.&nbsp;A substantial 58% of participants cite the creation of long-term wealth as their primary goal for investing in cryptocurrencies, a sentiment that transcends all generations.&nbsp;However, motivations do vary across different age groups.&nbsp;Older investors prioritize value preservation and portfolio diversification, while younger generations value the ease of transactions and short-term gains.37% of respondents stated that preserving asset value is their main objective, whereas 25% emphasized the benefits of reducing investment risks and diversifying portfolios.&nbsp;These factors were particularly prominent among investors over the age of 45.&nbsp;On the other hand, 34% of crypto holders prioritize practical transfers and quick transactions, reflecting the importance of efficiency and speed.&nbsp;Meanwhile, 17% of investors highlighted the appeal of short-term gains and the experimental nature of the crypto market, a trend more prevalent among the younger generations.As for the specific cryptocurrencies that Turkish adult investors are drawn to,&nbsp;<a href="https://cryptonews.com/coins/bitcoin/">Bitcoin (BTC)</a>&nbsp;emerges as the frontrunner, capturing the interest of 71% of all crypto investors.&nbsp;<a href="https://cryptonews.com/coins/ethereum/">Ethereum (ETH)</a>&nbsp;follows closely behind with 45% overall interest and 52% among young investors.&nbsp;
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Turkey Crypto Investors Rise by 12% as Inflation Continues to Plague the Country

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Cryptonews.com

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