A public opinion poll in Russia has shown that only one-third of people in the country do not think Bitcoin (BTC) is a viable investment. This survey result comes as recent reports claim Russian oligarchs are buying up BTC to bypass US sanctions.
One in Three Russians Say Bitcoin is Not Viable
The Russian Public Opinion Research Center (VCIOM) on Tuesday (April 9, 2019) released the result of a public opinion poll on Bitcoin conducted in the country. According to the results, only 36 percent of the 1,600 participants in the poll say Bitcoin investment is not profitable.
While about 576 out of the 1,600 participants might think BTC isn’t viable, unconfirmed reports suggest that Russian oligarchs are stockpiling billions of dollars in bitcoin. According to the survey, only about two percent of respondents admitted to ever having purchased the virtual currency.
Bitcoin is up more than 40 percent since the start of the year and almost 68 percent since reaching lows of $3,100 in November 2018.
Also worth noting, since US…