72% of Russians say they have never bought Bitcoin: Survey
Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a new survey.
Switzerland-based cryptocurrency wallet provider Tangem has conducted a poll to learn more about cryptocurrency investors in Russia, local news agency Kommersant reported on Thursday.
As many as 72% of the 2,100 respondents in the survey claimed that they have never bought cryptocurrencies like Bitcoin (BTC), which leaves Russian crypto investors in a significant minority.
At the same time, just 9% survey participants indicated that they were negative toward cryptocurrencies while 45% of respondents said they had a positive attitude towards digital currencies, with the remaining 46% being neutral.
According to the survey, the “ability to earn” was the biggest positive thing about crypto investments, with 44% of respondents choosing to invest in crypto due to this factor. On the other hand, the “absence of physical backing” was indicated as the most concerning point, with 68% of respondents saying that they didn’t want to buy crypto because of this reason.
Despite the vast majority of Russians apparently snot being introduced to crypto investments, many are considering potential investments. 31% of respondents indicated that they were ready to buy crypto in the next six months, while 40% claimed they were still uncertain about any potential investments in crypto. Just 30% of participants said they didn’t plan any crypto purchases in the near future.
Russia’s low crypto adoption rate comes in line with a low level of awareness and crypto education. According to Tangem’s data, only 6% of respondents were found to have good knowledge of crypto, while 80% were
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