Are Russians bearish on Bitcoin
A shocking consumer behavior
Many people currently employed in the cryptocurrency sector were not initially persuaded to invest in Bitcoin and other digital assets. Many others were not even aware that cryptoassets existed. In those times, there was still a large knowledge gap about digital assets. In addition, the tokens are almost never used in real-world transactions and activities.
However, the use and acceptance of cryptoassets has exploded over the past few years. Today, many businesses, organizations, sectors and people accept crypto-tokens as a form of payment and bill payment. Even now, several nations have legalized the use of digital coins such as Bitcoin (BTC). It is shocking to see that the majority of the citizens of some nations have not jumped on the digital coin bandwagon despite the widespread use of cryptocurrencies. For example, a recent poll in Russia reveals that the majority of citizens have yet to buy any cryptocurrencies. This means that the introduction of cryptocurrencies is lagging behind in the country.
The thirst for future crypto investments
Tangem, a Swiss-based manufacturer of cryptocurrency wallets, conducted a poll on the attitude of the Russian population to cryptocurrencies. A total of 2,100 people participated in the survey, and 72% of them said they had never bought any crypto assets, including Bitcoin. These statistics show that Russian cryptocurrency investors are a significant minority.
According to the research, the general public still has a strong thirst for future cryptocurrency investments. Over the next six months, nearly 31% of participants said they would be interested in buying cryptocurrency tokens. While 30% claimed they had no intention of making future cryptocurrency investments, over 40% said they remain unclear on their position. The study also showed that 46% of respondents have a positive view of cryptocurrencies. However, 46% of respondents have a neutral attitude towards virtual assets, and 9% of them have an unfavorable opinion of cryptocurrencies.
The survey also emphasized the main benefit of owning the assets as the capacity of cryptocurrency investments to generate income. According to the results, 44% of participants endorsed this reason as the reason they invested in cryptocurrencies. The main disincentive to investing in digital assets was still the absence of a physical basis. This latter explanation was given by 68% of respondents as to why they did not use cryptocurrencies.
