Cointime

Cointime

Download App
iOS & Android

Turkish investors prefer crypto over real estate and stocks — Survey

Cointime Official

From cointelegraph by Ezra Reguerra

A recent survey by the cryptocurrency exchange Paribu reveals that some investors in Turkey now prefer cryptocurrencies over traditional investment options like real estate and stocks.

The “2024 Cryptocurrency Awareness and Perception Survey” survey aimed to highlight developments in Turkey’s crypto ecosystem. It included 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with those who actively trade them.

The survey sought to measure the country’s awareness of and perception of cryptocurrencies while identifying the expectations, motivations and barriers related to digital assets.

Crypto tops real estate and stocks as preferred investment 

When asked about their preferred investment products, 56% of participants indicated that gold is their top choice for saving or investing. Foreign currency ranked second, followed by cryptocurrency, which was preferred by three out of 10 investors.

Preferred investment or savings instrument. Source: Paribu 

The survey noted that in 2023, participants favored real estate over cryptocurrencies. However, the preference for real estate dropped from 30% last year to 26%, pushing crypto above the investment instrument in 2024. The preference for stock exchange and mutual funds increased from 13% in 2023 to 18% in 2024, but it still trails behind real estate. 

Nergis Nurcan Karababa, the research content manager from Paribu, told Cointelegraph that transaction speeds, accessibility and high return potential are key drivers encouraging users to engage with crypto. Karababa said: 

“Compared to traditional financial products, crypto assets may experience much higher rates of adoption. Individuals are motivated to step into this world now, anticipating more widespread use in the future.”

She added that increasing interest from institutional companies further supports this trend.

Related: Tether proposes boron-backed tokens to Turkey’s government

High awareness of crypto, low understanding of blockchain

According to the survey, nearly 99% of respondents have heard of cryptocurrency. This marks a significant increase from 16% in 2020. Awareness rose to 70% in 2021, likely driven by a surge in crypto market capitalization, which reached $3 trillion in November 2021. By 2022, crypto awareness climbed to 77%, then reached 99% in both 2023 and 2024.

In November 2021, the combined market capitalization for cryptocurrencies reached $3 trillion for the first time as altcoins reached new all-time highs. At the time, crypto assets like Bitcoin BTC$68,486, Ether ETH$2,455.09, Solana SOL$160.36 and Polkadot DOT$3.75 reached new price records. 

Crypto awareness in Turkey. Source: Paribu

While many Turkish investors are familiar with cryptocurrencies, most are unfamiliar with blockchain technology. The survey found that 72% of respondents were unaware of blockchain. However, awareness is on the rise; in 2023, 25% of respondents recognized blockchain technology, up 3% from the previous year. Among those aware of blockchain, 67% understand that it is used in cryptocurrencies.

Karababa explained that while crypto is perceived as an investment tool, blockchain is often seen as a complex, underlying infrastructure instead of an accessible product. The researcher told Cointelegraph: 

“The disparity in awareness likely stems from the distinct positioning and visibility of cryptocurrencies versus blockchain technology in the public sphere.”

She added that blockchain applications outside of crypto are still “relatively niche,” with fewer examples that resonate with the public. Because of this, Karababa believes that people may engage with crypto even though they are unaware of its underlying technologies. 

Magazine: ‘Hong Kong’s FTX’ victims win lawsuit, bankers bash stablecoins: Asia Express

Comments

All Comments

Recommended for you

  • KOSPI Index in South Korea Rises 2.5% at Opening, SK Hynix Up 5%

    The KOSPI index in South Korea rose 2.5% at the opening, with SK Hynix increasing by 5% and Samsung Electronics up by 3%.

  • KOSPI Index Rises 2.5% in Early Trading, SK Hynix Up 5%

    The KOSPI index in South Korea increased by 2.5% in early trading, with SK Hynix rising by 5% and Samsung Electronics up by 3%.

  • NVIDIA Q2 Earnings Overview: $96.2 Billion Revenue, 75% Gross Margin

    On August 27, 1. NVIDIA's Q2 performance for fiscal year 2027: Revenue reached $96.2 billion, a 106% year-over-year increase; adjusted EPS was $2.22, up 120% year-over-year. Data center revenue hit $89 billion, growing 117% compared to the same period last year, exceeding market expectations of $85.86 billion. Edge computing revenue was $7.2 billion, up 13% from the previous quarter and 27% year-over-year. Both GAAP and non-GAAP gross margins for the quarter were 75.0%. 2. Q3 outlook: NVIDIA expects Q3 revenue to be $108 billion, with a variance of 2%, while the market estimates $105.15 billion; GAAP and non-GAAP gross margins are expected to be 74.0%, with a variance of 50 basis points; GAAP and non-GAAP operating expenses are projected to be approximately $9.2 billion and $9 billion, respectively, with market estimates at $8.97 billion. NVIDIA anticipates a full-year GAAP and non-GAAP tax rate for fiscal year 2027 to be between 16.0% and 18.0%, excluding any special items and significant changes in NVIDIA's tax environment. 3. Fiscal year 2028 outlook: NVIDIA's CFO stated during the earnings call that revenue for fiscal year 2028 is expected to grow by about 70%, compared to the previous market estimate of 45%. CEO Jensen Huang mentioned that they have never provided performance guidance a year in advance before. 4. Vera Rubin: Vera Rubin has now fully entered production. NVIDIA's CFO indicated that shipments of Vera Rubin began earlier this month; each 1 GW of deployed computing power corresponds to approximately $40 billion in revenue opportunities; Vera Rubin is expected to contribute about 20% of data center business revenue in the third quarter. 5. Supply: NVIDIA's CFO noted that supply will remain a bottleneck for growth at least until fiscal year 2028, as the company is facing extremely high memory prices. Jensen Huang stated that without supply constraints, the company's performance outlook for fiscal year 2028 would be 'much higher.' 6. Dividends and buybacks: A cash dividend of $0.25 per share will be distributed on October 1, 2026, to all shareholders registered by September 10, 2026. In the second quarter of fiscal year 2027, NVIDIA returned approximately $26 billion to shareholders through stock buybacks and cash dividends. As of the end of the second quarter, the company's remaining stock buyback authorization was approximately $99 billion. 7. Capital commitment: Increased from $119 billion in the previous quarter to $279 billion. 8. Stock performance: NVIDIA's stock price initially dropped about 3% in after-hours trading following the earnings report but quickly rebounded during the earnings call, rising over 4%.

  • NVIDIA Q2 Earnings Overview: $96.2 Billion Revenue, 75% Gross Margin

    On August 27, 1. NVIDIA's Q2 performance for fiscal year 2027: Revenue reached $96.2 billion, a 106% year-over-year increase; adjusted EPS was $2.22, up 120% year-over-year. Data center revenue hit $89 billion, growing 117% compared to the same period last year, exceeding market expectations of $85.86 billion. Edge computing revenue was $7.2 billion, up 13% from the previous quarter and 27% year-over-year. The GAAP and non-GAAP gross margin for the quarter was 75.0%. 2. Q3 outlook: NVIDIA expects Q3 revenue to be $108 billion, with a variance of 2%, compared to market expectations of $105.15 billion; GAAP and non-GAAP gross margins are projected to be 74.0%, with a variance of 50 basis points; GAAP and non-GAAP operating expenses are expected to be approximately $9.2 billion and $9 billion, respectively, against a market estimate of $8.97 billion. NVIDIA anticipates a full-year GAAP and non-GAAP tax rate for fiscal year 2027 to be between 16.0% and 18.0%, excluding any special items and significant changes in NVIDIA's tax environment. 3. Fiscal year 2028 outlook: NVIDIA's CFO stated during the earnings call that revenue for fiscal year 2028 is expected to grow by about 70%, compared to a previous market estimate of 45%. CEO Jensen Huang noted that the company has never provided performance guidance a year in advance before. 4. Vera Rubin: Vera Rubin is now fully in production. NVIDIA's CFO mentioned that shipments of Vera Rubin began earlier this month; each deployment of 1 GW of computing power corresponds to approximately $40 billion in revenue opportunities; Vera Rubin is expected to contribute about 20% of data center business revenue in the third quarter. 5. Supply: NVIDIA's CFO indicated that supply will remain a growth constraint at least until fiscal year 2028, with the company facing extremely high memory prices. Jensen Huang stated that without supply constraints, the company's performance outlook for fiscal year 2028 would be 'much higher.' 6. Dividends and buybacks: A cash dividend of $0.25 per share will be distributed on October 1, 2026, to all shareholders registered by September 10, 2026. In the second quarter of fiscal year 2027, NVIDIA returned approximately $26 billion to shareholders through stock buybacks and cash dividends. As of the end of the second quarter, the remaining stock buyback authorization was approximately $99 billion. 7. Capital commitment: Expanded from $119 billion in the previous quarter to $279 billion. 8. Stock performance: NVIDIA's stock price initially dropped about 3% in after-hours trading following the earnings report, but quickly rebounded during the earnings call, rising over 4%.

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2500.55, with a 24-hour increase of 1.99%. The market is highly volatile, so please ensure proper risk management.

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2500.55, with a 24-hour increase of 1.99%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • Putin Reportedly Plans Escalation on Ukraine Issue, Believing Negotiations Are Ineffective

    On August 27, Putin reportedly plans to take escalatory actions regarding the Ukraine issue, as he believes negotiations have been ineffective.

  • Putin Reportedly Plans Escalation on Ukraine Issue, Believing Negotiations Ineffective

    On August 27, Putin reportedly plans to take escalatory actions regarding the Ukraine issue, as he believes negotiations have been ineffective.

  • Zhipu Launches and Open Sources GLM-5.3-Flash

    On August 26, Zhipu launched and open-sourced GLM-5.3-Flash (320B-A18B), the first native multimodal model in the GLM-5 series. It features a total of 320 billion parameters and surpasses GLM-5.2, achieving a score of 57 on the globally recognized Artificial Analysis Intelligence Index (AA Comprehensive Intelligence Index), placing it among the leading models worldwide, on par with Anthropic's popular model Claude Opus 4.8. In the self-developed Z.ai Code Bench evaluation, its programming performance is comparable to that of Claude Opus 4.8. Additionally, GLM-5.3-Flash is priced at 1/10 of GLM-5.3, and during a limited-time discount, it is priced at 1/20 of GLM-5.3, which is 1/40 of Opus 4.8. The same intelligence at 1/40 the price, cutting-edge capabilities without the need to hold back.

  • Zhipu Launches and Open Sources GLM-5.3-Flash

    On August 26, Zhipu launched and open-sourced GLM-5.3-Flash (320B-A18B), the first native multimodal model in the GLM-5 series. It has a total of 320 billion parameters and surpasses GLM-5.2, achieving a score of 57 in the globally recognized Artificial Analysis Intelligence Index (AA Comprehensive Intelligence Index), placing it among the leading models worldwide, on par with Anthropic's popular model Claude Opus 4.8. In the self-developed Z.ai Code Bench evaluation, its programming performance is comparable to that of Claude Opus 4.8. Meanwhile, GLM-5.3-Flash is priced at 1/10 of GLM-5.3, and during a limited-time discount, it is available for 1/20 of GLM-5.3's price, which is 1/40 of Opus 4.8's price. The same intelligence, at 1/40 the cost, provides cutting-edge capabilities without the need to hold back.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company