Binance TR’s 2025 Crypto Asset User Survey, conducted with 20,000 Turkish participants, sheds light on the trends and preferences shaping Turkey’s dynamic crypto asset ecosystem.
Strong Confidence in Crypto Assets
The survey revealed that 79% of Turkish users are confident in the long-term validity of crypto assets, with 46% feeling “very confident” and 33% “confident”. Additionally, 35% of participants invest solely in crypto assets, while 28% allocate more than half of their portfolios to these investments.
Mücahit Dönmez, General Manager of Binance TR, commented:
“Turkey is among the world’s leading countries in the crypto asset sector and has significant growth potential. The survey highlights Turkish investors’ interest in blockchain and their strong confidence in the industry. With regulatory frameworks expected in 2025, adoption rates and sector interest will likely grow, solidifying Turkey’s position in the global crypto ecosystem.”
Long-Term Holding Dominates
The survey showed 39% of Turkish investors view crypto assets as an additional income source, and 36% see them as a long-term investment tool. Notably, 43% of investors practice long-term holding (HODLing), while 27% focus on short-term trading, and 19% use crypto for savings. This reflects the growing potential of crypto for value storage and financial independence.
Drivers of Investment: Innovation and Returns
While 28% of users invest for high return potential, 15% cite an interest in innovation and technology. Additionally, 13% are motivated by features like fast, cost-effective transactions, decentralization, and financial independence.
Storing Crypto: Balancing Security and Accessibility
The survey highlighted that 43% of users store crypto assets on centralized platforms, while 28% prefer personal wallets, showcasing a balance between security needs and ease of access.
Optimism About Bitcoin’s Future
The survey revealed 61% of participants expect Bitcoin’s value to reach $101,000-$200,000 by 2025, while 51% predict it will exceed $300,000 by 2030, reflecting strong confidence in Bitcoin’s future.
Youth Shaping the Crypto Ecosystem
A significant portion of users falls within the 26-45 age range (61%), with 28% aged 26-35 and 33% aged 36-45. The 18-25 age group accounted for 17%, underscoring the influence of Turkey’s young and dynamic population.
Education and Economic Activity Driving Adoption
The survey showed 61% of crypto users hold a university degree or higher, highlighting education’s role in fostering technology-oriented trends. Additionally, 58% of participants are full-time professionals, reflecting economically active individuals leveraging crypto to diversify income.
Experience Levels and Growing Participation
While 49% of users have been in the sector for 1-5 years, 30% are newcomers within the last year, indicating a rapidly growing interest and expanding audience for crypto assets.
Turkey: A Hub for Blockchain Innovation
Binance TR’s findings emphasize Turkey’s readiness to embrace the transformative potential of crypto assets. According to Triple-A’s report, Turkey ranked 3rd globally in crypto asset ownership with a 19.3% adoption rate in 2024, reinforcing its leading position in the global crypto markets.
As the survey shows, Turkey’s crypto ecosystem is not only driven by financial returns but also by its young and tech-savvy population. The country is poised to continue its rise as a key player in the global blockchain and crypto landscape.
Source: sozcu.com.tr
Translation: Cem Cetinguc