A recent survey found that Ukrainians are focusing on diversifying their investment strategies as their trust in the traditional financial system weakens, turning to Bitcoin (BTC) and other cryptocurrencies for savings and investments.
The surveyed group consisted of 300 financially active adults who earn income, save money, and don’t reject investing in Bitcoin or other cryptocurrencies, as well as 350 respondents who already hold part of their savings in crypto.
Therefore, traditional savings tools are being complemented by new ones, the survey highlighted, with cryptocurrencies already among the most popular investment tools, alongside bank accounts and real estate.
Notably, cryptocurrencies like Bitcoin are gradually losing their status as “exotic,” ceasing to be solely a trading tool and becoming one of many financial strategies in the modern Ukrainian investor’s portfolio:
Common use cases include trading (57%), long-term asset storage (52%), protecting savings from inflation (51%), as well as daily financial transactions and transfers of funds (assets).
As the chart above shows, 49% of respondents consider digital assets to be an opportunity to earn significant capital, while 47% view crypto as an opportunity to earn additional or passive income. Meanwhile, 31% of the surveyed individuals view digital assets as a means of protecting savings from inflation, and 41% see them as a vehicle to safeguard savings from the war’s impact on the economy.
The survey also found that Ukrainian investors “are ready to take responsibility for their financial future” as they show a desire for financial independence and learning about the sector.
Citing experts, the survey noted that “in times of military instability, people are increasingly seeking tools that allow them to manage finances independently of the state or banking system.”
According to the report, “the 2025 growth forecast for Ukraine has been revised down, as the impact of the ongoing Russian aggression has been compounded by weak harvests,” while the external sector has deteriorated.
During this period, Ukraine received over $106 billion in crypto inflows, driven mostly by institutional and professional transfers, and has spent $882 million worth of Ukrainian hryvnia on Bitcoin purchases.
It’s worth noting that Ukraine has received significant aid from the global community through Bitcoin and crypto donations since Russia’s invasion started in February 2022. In March 2022, President Volodymyr Zelenskyy signed the “On Virtual Assets” law, setting in motion a legal framework to regulate the digital asset market in the country.
Lawmakers have worked to develop the necessary framework throughout 2025, aiming to offer a practical tool for taxpayers, regulators, lawmakers, and experts that allows “structuring various scenarios of taxation of virtual assets.”
Lawmakers are expected to review the bill’s text over the next two to three months to prepare it for the second reading, likely to take place at the start of 2026.
