Surveys: 73% of Russians Will Increase Crypto Investments

A recent survey shows that 49% of Russians want to receive cryptocurrency as gifts, with a large percentage specifying bitcoin. As cryptocurrencies grow in popularity, another survey reveals 73% of Russian investors expect to increase their cryptocurrency holdings next year.
Russian technology portal Hi-Tech Mail conducted its traditional pre-New Year’s poll on what gifts Russians want to receive. With over 20,000 respondents participating, the company found.
Meanwhile, 51% of respondents said they prefer to receive something else such as smartphones and other gadgets.
Interest in cryptocurrency has been growing in Russia. A global survey of 700 crypto investors conducted in November by Waves Platform indicates that, globally, 27% of investors believe that Japan will become the global leader in cryptocurrencies next year.

According to Waves’ Gleb Kostarev, 15% believe that Russia will take lead and the same percentage believe South Korea will. 14% believe the US will be the leader in this field.

Among Russian respondents, 39% believe that Japan will take the lead. 32% believe Russia will and 12% believe it will be the U.S.

Furthermore, almost 89% of all surveyed Russians purchase cryptocurrencies as long-term investments, Financial One reported. Only 24% invest for short-term gains while 22% invest out of interest.
Meanwhile, the central bank and the finance ministry submitted the bill to regulate cryptocurrencies and initial coin offerings (ICOs) in Russia on Thursday. The bank refuses to recognize bitcoin as a means of payment and the finance ministry proposed considering it “other property.” The bill is expected to be adopted in March.