Post
Topic
Board Bitcoin Discussion
Re: 77% of Russian investors prefer Bitcoin to Gold and Forex
by
Lucius
on 05/09/2021, 10:50:43 UTC
Though am not a Russian but when it comes to reality and technical development I love the country and I wish others too should follow up the trail in support for btc, it surprised me and I feel bad when I hear some countries are yet to support the move for btc adoption, why?...

From what we all know more or less, and from what you quoted from the article, Russia has never been friendly to cryptocurrencies - moreover, there has always been conflicting information from that country - from banning crypto to regulating it. So it's not clear to me what you like so much about that country when it comes to cryptocurrencies, and do you really think that some other countries should follow their example?

The fact that Russian investors prefer Bitcoin instead of gold is not surprising, because it is one of the few ways to protect against inflation and not have to be part of a corruption network that permeates all pores of Russian society.

Quote
Despite the growing interest in crypto in Russia, the country’s central bank and regulators continue to maintain a tough stance on crypto.

And I don't think there will be any significant progress, because a country where human rights are pretty low will never allow people to be financially independent.