A latest 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 change WhiteBIT revealed that Ukrainians now not understand conventional monetary fashions as probably the most dependable possibility because of the ongoing warfare, inflation, foreign money fluctuations, and uncertainty.
The survey, performed between April and Could 2025, included 650 financially lively respondents aged 18 to 65 dwelling in cities with populations over 100,000, excluding quickly occupied territories and lively battle zones.
The surveyed group consisted of 300 financially lively adults who earn revenue, lower your expenses, 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 accordance with the examine findings, greater than half of the respondents are specializing in diversification slightly than conservatism, already contemplating or utilizing various funding instruments past conventional financial savings eventualities, comparable to money and financial institution deposits.
Subsequently, 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 steadily dropping 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 trendy Ukrainian investor’s portfolio:
Frequent use circumstances 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 take into account digital belongings to be a chance to earn vital capital, whereas 47% view crypto as a chance to earn extra or passive revenue. In the meantime, 31% of the surveyed people view digital belongings as a way of defending financial savings from inflation, and 41% see them as a car to safeguard financial savings from the warfare’s affect on the financial system.
The survey additionally discovered that Ukrainian traders “are able to take accountability for his or her monetary future” as they present a want for monetary independence and studying concerning the sector.
Citing specialists, the survey famous that “in occasions of army instability, individuals are more and more in search of instruments that enable 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 accordance with the report, “the 2025 progress forecast for Ukraine has been revised down, because the affect of the continued 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 high 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 vital help from the worldwide group by Bitcoin and crypto donations since Russia’s invasion began in February 2022. In March 2022, President Volodymyr Zelenskyy signed the “On Digital Property” regulation, setting in movement a authorized framework to control the digital asset market within the nation.
Nevertheless, the regulation has not been applied but, because it awaits amendments to the nation’s Tax Code. Final 12 months, Deputy Minister of Digital Transformation Oleksandr Bornyakov affirmed that “In occasions of warfare, we should use the total vary of alternatives and develop new sectors of the financial 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 specialists that enables “structuring varied eventualities 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 business’s regulation, together with taxation, and reportedly brings Ukrainian laws nearer to the European MiCA framework.
Lawmakers are anticipated to evaluate the invoice’s textual content over the following two to 3 months to arrange it for the second studying, prone to happen initially 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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