Ethereum

Bitcoin

<ul> 
 <li>Females make up about half of the 18-to-30-year-old crypto investment population.&nbsp;</li> 
 <li>71% of investors reported holding Bitcoin while Ethereum came in second.</li> 
</ul> 
According to a report by crypto exchange <a href="https://thenewscrypto.com/exchange-news-kucoin-announces-suspension-of-btc-and-ltc-mining-pools/" target="_blank" rel="noreferrer noopener">KuCoin</a>, cryptocurrency usage is on the increase in Turkey, a nation experiencing significant inflation. Adoption rates in Turkey have risen rapidly over the last year and a half, from 40% to 52% of the population. This information was compiled by KuCoin, and is included in their newest “Understanding Crypto Users” study. 
A KuCoin representative stated: 
<blockquote class="wp-block-quote"> 
 &nbsp;“Per our findings in Turkey and other previous country reports, for Turkey, the increasing number and percentage of crypto investors indicate an increasing interest and acceptance of crypto as a hedge against inflation.”&nbsp; 
</blockquote> 
<h3 class="wp-block-heading" id="h-long-term-investment">Long Term Investment</h3> 
Inflation is a major concern in both Brazil and Nigeria, as the KuCoin representative mentioned. It was found that 58% of respondents’ “primary reason” for making investments in cryptocurrencies is to “accumulate wealth over the long term,” while 37% want to utilize it as a store of value. 
Due to the country’s economic difficulties, such as a weakening <a href="https://en.wikipedia.org/wiki/Turkish_lira" target="_blank" rel="noreferrer noopener nofollow">lira</a> and excessive inflation, cryptocurrency investing and asset preservation strategies have become more appealing. When it comes to cryptocurrency investments, <a href="https://thenewscrypto.com/bitcoin-news-cathie-woods-positive-outlook-on-bitcoin-ai-confluence-sparks-excitement/" target="_blank" rel="noreferrer noopener">Bitcoin</a> is far away the most popular option. 71% of investors reported holding Bitcoin, while 46% reported holding <a href="http://ethereum.org" target="_blank" rel="noreferrer noopener nofollow">Ethereum</a> or similar stablecoin. 
While males are still more inclined to put money into cryptocurrency, young women in Turkey are becoming more active investors. Females make up about half of the 18-to-30-year-old crypto investment population. According to the survey, 57% of those who invested did so because of recommendations from others. 
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Turkey Sees Surge in Crypto Adoption Amid Inflation Crisis

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