How low is the proportion of people investing in Bitcoin in Russia? Only 2%

How low is the proportion of people investing in Bitcoin in Russia? Only 2%

According to a recent survey released by the Russian Public Opinion Research Center (VTsIOM) on April 9, only 2% of Russians currently invest in Bitcoin (BTC).

VTsIOM is Russia's oldest polling agency after the collapse of the Soviet Union. The agency revealed that Bitcoin is not popular in Russia. Two-thirds of Russians consider this cryptocurrency to be a very bad investment option.

However, in this report, the research center did not provide a time frame for the survey, nor did it provide the total number of people involved in the survey (the details of the survey process were rather vague).

According to the survey, 56% of Russians claim that they know Bitcoin, and 18% say they have only heard of Bitcoin. However, only 12% of people who know Bitcoin say that Bitcoin is banned in Russia.

Although the Russian parliament passed a cryptocurrency bill in May 2018. But Russia has not implemented a formal cryptocurrency bill so far. However, by the end of 2018, the bill passed before was returned to the first review stage. There are also reports that the bill lacks a concept for cryptocurrency mining. In late February of this year, Russian President Vladimir Putin requested that the encryption regulations be enacted by July 1, 2019.

In November 2018, the Russian version of Forbes reported that 5% of Moscow residents using non-cash payment methods are preparing to start using cryptocurrency payments.

Earlier, Bank of America (Wells Fargo) announced a poll that claimed that only 2% of US investors hold bitcoin, while 26% said they are interested. According to opinion polls, 96% of investors said they had heard of bitcoin, but only 29% said they knew about digital currency.

Recently, Cointelegraph reported that a survey by the Bank of England showed that the vast majority of respondents indicated that they are more willing to receive digital currency as a gift.

Author: Kiran
Remarks: Bitcoin86 manuscript article, please indicate the source. The article is an independent view of the author and does not represent the standing position.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Binance Research's lengthy article: Bitcoin BRC-20 principles, current status, and future

BRC-20 tokens are the latest innovation from Ordinals Protocol and have taken over Crypto Twitter timelines in the ...


Stick to the Right Path and Surprise Everyone A Rational Choice for ETH Staking's Security and Returns

staking as a service is an Ethereum staking method that balances security and returns, which is in line with your own...


NYDIG What impact will the forecasted market size of Bitcoin spot ETF have?

Nearly $29 billion has been invested in existing Bitcoin funds worldwide, but many Bitcoin funds in the United States...


Introduction to BRC20: Comparing Three Bitcoin Mnemonic Wallets

The rise of Ordinals has made people start to wonder which wallets to use to participate in or store their personal...


The New Narrative of Cryptocurrency Investment in a Bear Market Unibot Project Analysis

Today's article is my detailed analysis of this project. Please make sure to read it until the end to understand my o...