Crypto: 45% of Russians were financially unprepared for the crisis. How bitcoin will help


45% of Russians were financially unprepared for the crisis. How bitcoin will help

When the Covid-19 coronavirus pandemic began, chaos entered the financial markets. The Bitcoin exchange rate in March fell from $ 10,000 to $ 3,800. Similar dynamics showed stock markets in different countries. At the same time, the dollar rose in price to 81 rubles, and the oil price for the US brand WTI fell to minus 37 dollars.

As a survey by NAFI's analysis center showed, almost half of Russians were not ready for the crisis from an economic point of view. 45% of the inhabitants had almost or almost no savings at the time of the pandemic. 29% of respondents stated that they had small savings. Only 26% of respondents had an airbag.

In total, 46% of respondents experienced financial difficulties. The crisis may not have ended yet. If a second wave of coronavirus infections arrives, it can once again hit the financial markets. In this case, you must have savings and a "safety pad".

Savings are an important component of a person's financial life. First, funds may be needed at any time to resolve urgent, unforeseen problems. For example, for treatment, repair of a broken car or for termination of work, which is relevant in a crisis. In addition to this accumulation, it is a calculation for the future. You can postpone the purchase of transport, housing, travel abroad and for other purposes.

Grigory Klumov, founder of's stable cryptocurrency platform, recommended that you start saving by reducing consumption. You can also save 10% of your salary on a savings account. In this case, the most difficult search for motivation is: it is difficult to force yourself to sacrifice pleasure for the distant future. But it is necessary, capital creation begins with this.

A similar advice was given by the expert of the investment movement "Lemon on Tea" Oleg Abelev. Initially, he suggested that you dedicate 5-10% of the income. Even better if all working family members follow this strategy. Leading trader United Traders Alexei Markov recommended to dedicate at least 20% of the salary. And even if you never did, it's not too late to start. Main rules: regularity and consistency.

When the savings are formed, they must be made to work. The easiest option is to deposit a savings account. It will add capital stopped at it about 3-4% per year, if kept in rubles.

Foreign currency deposits in Russian banks usually result in lower returns – on average about 1%. A better offer is available on cryptocurrency exchanges. For example, Binance has a savings product. It allows you to make a contribution in stablecoins, whose rate is tied to USD, with a return of up to 8% per year. A similar service was developed by the Poloniex platform and others. However, using exchanges is risky. You can read more about this in our previous article.

At the same time, grants are a tool for combating inflation. It helps capital keep pace with the growth rate of prices for products and services. To make money, it is more efficient to collect an investment portfolio, says trader Alexei Markov.

“When we talk about savings, the only right decision is to create a portfolio. And the more diversified it is, the more chances there are not only to save, but also to make money from it. All markets, currencies, real estate are cyclical and large capitals are constantly moving between these instruments. Not everyone manages to follow these trends, so I follow such a plan: part of savings in real estate, part in deposits (3-4 large currencies), part in equities and bonds, says Markov.

He emphasized that in the cryptocurrency you can only invest the part of the capital that is allocated to risky businesses. In addition to acquiring digital assets, these funds can also be used to participate in an initial public offering (IPO), as well as pre-Ipo and OTC strategies. With modern platforms you can do this in just a few clicks.

Anatoly Knyazev, founder of EXANTE, did not advise on channeling savings into bonds, they have low attractiveness due to low returns. Better to consider stocks of reliable companies for long-term investment. However, investing in all funds is impossible. If the market crash recurs, in some cases the assets must be sold at a loss. For this reason, you should always have a "security pad" in cash or deposits, which is sufficient for at least 3-6 months.

“With an investment horizon of 10 years or more, it is worth looking into reliable companies' shares. However, it is important to understand that in the event of a crisis similar to March, stocks may become cheaper, and if you have to sell them, the investor will suffer a loss, "Knyazev shared.