A current survey discovered that Ukrainians are specializing in diversifying their funding methods as their belief within the conventional monetary system weakens, turning to Bitcoin (BTC) and different cryptocurrencies for financial savings and investments.
Ukrainians Flip To Bitcoin For Monetary Safety
A survey performed by Ipsos and commissioned by crypto trade WhiteBIT revealed that Ukrainians now not understand conventional monetary fashions as essentially the most dependable possibility because of the ongoing battle, inflation, foreign money fluctuations, and uncertainty.
The survey, performed between April and Might 2025, included 650 financially energetic respondents aged 18 to 65 dwelling in cities with populations over 100,000, excluding quickly occupied territories and energetic battle zones.
The surveyed group consisted of 300 financially energetic adults who earn revenue, get monetary savings, and don’t reject investing in Bitcoin or different cryptocurrencies, in addition to 350 respondents who already maintain a part of their financial savings in crypto.
In keeping with the research findings, greater than half of the respondents are specializing in diversification relatively than conservatism, already contemplating or utilizing different funding instruments past conventional financial savings situations, resembling money and financial institution deposits.
Due to this fact, conventional financial savings instruments are being complemented by new ones, the survey highlighted, with cryptocurrencies already among the many hottest funding instruments, alongside financial institution accounts and actual property.
Notably, cryptocurrencies like Bitcoin are step by step shedding their standing as “unique,” ceasing to be solely a buying and selling instrument and turning into one in every of many monetary methods within the fashionable Ukrainian investor’s portfolio:
Frequent use instances embrace buying and selling (57%), long-term asset storage (52%), defending financial savings from inflation (51%), in addition to every day monetary transactions and transfers of funds (belongings).
49% of Ukranians seen crypto as a income in 2025. Supply: Ipsos
Because the chart above exhibits, 49% of respondents contemplate digital belongings to be a chance to earn important capital, whereas 47% view crypto as a chance to earn further or passive revenue. In the meantime, 31% of the surveyed people view digital belongings as a method of defending financial savings from inflation, and 41% see them as a car to safeguard financial savings from the battle’s affect on the economic system.
The survey additionally discovered that Ukrainian buyers “are able to take duty for his or her monetary future” as they present a need for monetary independence and studying concerning the sector.
Citing consultants, the survey famous that “in instances of army instability, individuals are more and more searching for instruments that permit them to handle funds independently of the state or banking system.”
Equally, a September report by the European Financial institution for Reconstruction and Improvement (EBRD) famous that Ukraine emerged as one of many main crypto customers as a number of economies within the EBRD areas proceed to face excessive authorities curiosity funds as a share of GDP and/or excessive public debt.
In keeping with the report, “the 2025 progress forecast for Ukraine has been revised down, because the affect of the continuing Russian aggression has been compounded by weak harvests,” whereas the exterior sector has deteriorated.
Nonetheless, Ukraine stands out with one of many highest charges of cryptocurrency publicity, rating among the many prime 10 economies globally for crypto adoption between July 2023 and July 2024.
Throughout this era, Ukraine obtained over $106 billion in crypto inflows, pushed principally by institutional {and professional} transfers, and has spent $882 million value of Ukrainian hryvnia on Bitcoin purchases.
Ukraine’s Crypto Panorama
It’s value noting that Ukraine has obtained important support from the worldwide neighborhood by means of Bitcoin and crypto donations since Russia’s invasion began in February 2022. In March 2022, President Volodymyr Zelenskyy signed the “On Digital Belongings” legislation, setting in movement a authorized framework to control the digital asset market within the nation.
Nonetheless, the legislation has not been carried out but, because it awaits amendments to the nation’s Tax Code. Final yr, Deputy Minister of Digital Transformation Oleksandr Bornyakov affirmed that “In instances of battle, we should use the total vary of alternatives and develop new sectors of the economic system. Legalization of the crypto sector can have a robust financial impact, producing a turnover of billions of hryvnias.”
Lawmakers have labored to develop the mandatory framework all through 2025, aiming to supply a sensible instrument for taxpayers, regulators, lawmakers, and consultants that permits “structuring numerous situations of taxation of digital belongings.”
In early September, Ukraine’s Verkhovna Rada handed the primary studying of the invoice’s draft, which established fundamental norms for the trade’s regulation, together with taxation, and reportedly brings Ukrainian laws nearer to the European MiCA framework.
Lawmakers are anticipated to overview the invoice’s textual content over the following two to a few months to organize it for the second studying, prone to happen in the beginning of 2026.
Bitcoin trades at $113,785 within the one-week chart. Supply: BTCUSDT on TradingView
Featured Picture from Unsplash.com, Chart from TradingView.com
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