2% of Russians claim to have invested in Bitcoin to date: national opinion polling institution

3 min read

Only 2% of Russians have invested in Bitcoin (BTC) so far, according to a new survey from the Russian Public Opinion Research Center (VTsIOM), published on April 9.

The VTsIOM, the oldest polling station in post-Soviet Russia, revealed that Bitcoin has not become popular in the country, with two-thirds of the Russians considering a purchase of the cryptocurrency as a poor investment.

The research center did not provide a timetable for the poll or the number of total respondents in the survey.

With that, 56% of Russians claimed to be aware of Bitcoin, while 18% said they only heard of Bitcoin, the study reports. The VTsIOM, however, judged that the factual knowledge was rather low, with 12% of those who claimed to be aware of Bitcoin stated that Bitcoin was banned in Russia.

The Russian government has so far not officially enforced federal crypto regulation, although the Russian parliament adopted a crypto law in first reading in May 2018. The bill was sent back to first reading at the end of 2018, following reports on the lack of a number of key concepts, including crypto-mining. At the end of February, Russian President Vladimir Putin set a new deadline for the state to adopt crypto regulations by July 1, 2019.

According to the survey results, only 9% of Russian citizens had detailed knowledge about Bitcoin. The consciousness is considerably higher among the male population of Russia, people under 25 years old, people with higher education, as well as residents of the two largest cities of the country – Moscow and St. Petersburg.

In November 2018, Forbes Russia reported that 5% of Moscow residents using non-cash payment methods were ready to use cryptocurrencies to pay for their purchases.

Earlier, the American bank Wells Fargo published a poll claiming that only 2% of US investors owned Bitcoin, while 26 said they were intrigued by it. According to opinion polls, 96% of investors said they had heard of Bitcoin, but only 29% said they knew something about digital currency.

Cointelegraph recently reported that the vast majority of respondents to a survey by the UK central bank claimed that they would rather receive a gift of money in a digital currency.

window.fbAsyncInit = function() { FB.init({ appId : ‘1922752334671725’, xfbml : true, version : ‘v2.9’ }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)(0); if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = “http://connect.facebook.net/en_US/sdk.js”; js.async = true; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’)); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=();t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)(0); s.parentNode.insertBefore(t,s)}(window,document,’script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘1922752334671725’); fbq(‘track’, ‘PageView’);

Written by

Don Bradman

Leave a Reply

Your email address will not be published. Required fields are marked *