Ukrainians Shield From War’s Economic Impact With Bitcoin, Crypto Investment Strategy, Survey Finds

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 Turn To Bitcoin For Financial Security

A survey carried out by Ipsos and commissioned by crypto exchange WhiteBIT revealed that Ukrainians not understand conventional monetary fashions as probably the most dependable choice because of the ongoing battle, inflation, foreign money fluctuations, and uncertainty.

The survey, carried out between April and May 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.

According to the examine findings, greater than half of the respondents are specializing in diversification moderately than conservatism, already contemplating or utilizing different funding instruments past traditional financial savings situations, corresponding to money and financial institution deposits.

Therefore, 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 regularly dropping their standing as “unique,” ceasing to be solely a buying and selling software and changing into certainly one of many monetary methods within the trendy Ukrainian investor’s portfolio:

Common use circumstances embody buying and selling (57%), long-term asset storage (52%), defending financial savings from inflation (51%), in addition to each day monetary transactions and transfers of funds (property).

As the chart above reveals, 49% of respondents think about digital property to be a possibility to earn important capital, whereas 47% view crypto as a possibility to earn extra or passive revenue. Meanwhile, 31% of the surveyed people view digital property as a way of defending financial savings from inflation, and 41% see them as a automobile to safeguard financial savings from the battle’s impression on the financial system.

The survey additionally discovered that Ukrainian traders “are able to take duty for his or her monetary future” as they present a need for monetary independence and studying in regards to the sector.

Citing specialists, the survey famous that “in instances of navy instability, individuals are more and more looking for instruments that enable them to handle funds independently of the state or banking system.”

Similarly, a September report by the European Bank for Reconstruction and Development (EBRD) famous that Ukraine emerged as one of many main crypto customers as a number of economies within the EBRD areas proceed to face high authorities curiosity funds as a share of GDP and/or high public debt.

According to the report, “the 2025 progress forecast for Ukraine has been revised down, because the impression 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 high 10 economies globally for crypto adoption between July 2023 and July 2024.

During this era, Ukraine acquired over $106 billion in crypto inflows, pushed largely by institutional {and professional} transfers, and has spent $882 million price of Ukrainian hryvnia on Bitcoin purchases.

Ukraine’s Crypto Landscape

It’s price noting that Ukraine has acquired important help 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 Virtual Assets” legislation, setting in movement a authorized framework to manage the digital asset market within the nation.

However, the legislation has not been carried out but, because it awaits amendments to the nation’s Tax Code. Last 12 months, Deputy Minister of Digital Transformation Oleksandr Bornyakov affirmed that “In instances of battle, we should use the complete vary of alternatives and develop new sectors of the financial system. Legalization of the crypto sector can have a strong financial impact, producing a turnover of billions of hryvnias.”

Lawmakers have labored to develop the required framework all through 2025, aiming to supply a sensible software for taxpayers, regulators, lawmakers, and specialists that enables “structuring varied situations of taxation of digital property.”

In early September, Ukraine’s Verkhovna Rada handed the primary studying of the invoice’s draft, which established primary norms for the trade’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 a few months to organize it for the second studying, prone to happen firstly of 2026.