Sharp Rise in Crypto Investment Among Turkish Adults
The proportion of crypto investors within Turkey’s 18-60 age bracket has surged by 12% in the last 18 months, climbing from 40% in November 2021 to 52% by May 2023.
On this page
Interestingly, nearly half (47%) of the crypto investors in the 18 to 30 age group are female.
31% of all crypto investors made their debut investment in the last three months, and 54% of those under 30 entered the market in the previous year.
Investors’ motivations include 58% aiming for future wealth, 37% for value storage, 25% for portfolio diversification, 34% for ease of transfers, and 17% for seeking quick profits and excitement.
Meanwhile, annual lira inflation is around 40%.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.