ING Turkey: Cryptocurrencies Fifth Most Popular Savings Tool


According to ING’s research, the rate of people who prefer cryptocurrencies to save money in Turkey has doubled compared to the previous period.

  • This week, ING shared the results of the second quarter of its research on savings trends in Turkey.

  • The rate of those who have savings in Turkey and prefer cryptocurrencies as a savings tool, compared to the previous period from 5% to 10% output.

  • While preparing the report, a total of 2,400 people from 26 provinces were interviewed.

  • Under the pillow gold and cash (TL + foreign currency) and individual pension funds, with 21% of the votes, became the two most preferred vehicles.

  • Cryptocurrencies, ranked TL time deposit account with 5th place.

  • Ozan Kırmızı, Deputy General Manager of ING Turkey, “The results of the research indicate that cryptocurrencies are seen as an investment tool and this trend will continue with an increasing momentum.” said.

  • While the overall savings rate is 18.3%, the primary reason for saving is “investment in the future”, if the secondary reason “for my children” it happened.

  • 80% of those who do not save stated that they “do not have enough income to save”.

Image: Turkish lira and Atatürk (Jon Smith, image modified by Koin Bulletin)

The article titled ING Turkey: Cryptocurrencies Fifth Most Popular Savings Tool was prepared by Ömer SAKMAR and published on koinbulteni.com.