The use of cryptocurrency in Russia continues to rise despite the country’s harsh policies surrounding it. While great representatives of international politics and banking call Bitcoin fraudulent or even “the largest bubble in history,” a study by the Fatcats Market[1] pollster showed that 99% of Russians do not share this view and on the contrary – crypto is popular in Russia. Despite the efforts of the government to promote a negative image, only 1% of the Russian population endorses that opinion. This is just another example of the level of trust and adoption that cryptos are gaining at a worldwide scale.
Another highlight of the study is that the use of cryptocurrencies represents the most significant source of income for 12% of the total population. This is a remarkable improvement over the data obtained[2] at the beginning of the year which showed a relative mistrust shared by stakeholders.
Under the methodology applied, the study has a confidence margin of 5% “if the total population is considered to be people who are interested in crypto-currencies (calculated on the basis of the frequency of the Russian-language queries in Google, Yandex).” The survey was launched on March 22, 2018, and the report was compiled on April 2, 2018. The survey was officially placed on 16 Telegram channels, which seems pretty logical given the Russian-oriented focus of the study
These types of studies are widespread in Russia, and their continuous implementation allows us to keep track of how Russian society evolves. Another important aspect is the contrast between the positions held by the different age groups and the gender division: 10% are underage, more than 40% are millennials, and almost 2% are people over 50 years
