Crypto is Now a Top Investment Choice for Turkish Inside Investors
According to a survey of Turkish crypto exchange Paribu, some Turkish investors have slowly begun to favor digital assets including crypto due to the shifting trends, as the former has become a more appealing option compared to other alternatives such as real estate and stock investments.
The interest in Stocks and mutual funds has been on the rise, but they still remain below real estate investments and crypto for other products.
According to Nergis Nurcan Karababa, the content manager of Paribu research, Turkish investors are optimistic about the prospects of digital assets because they perceive them as investments for the future due to their instantaneous transactions and high accessibility as well as their potential for great profits. She said that this transition is also boosted by the increasing exposure of such assets towards the masses in the West.
There seems to be a lack of public knowledge of blockchain technology, although Karababa has noted, investments in crypto currencies are perceived by the public as quite easy to do and doable, whereas blockchain technology itself is rather regarded as a quite sophisticated background technology.
She explains this phenomenon by the fact that other major applications of blockchain, excluding crypto currencies, exist in highly specialized industries which are usually unknown to most of the population.
