In brief:
₿- Despite Bitcoin’s recent fall below $100,000, nearly one-third of Russian traders continue buying, showing strong confidence in crypto’s long-term growth.
₿- Russia plans to allow banks to handle cryptocurrencies as it prepares comprehensive digital asset legislation expected by 2026.
Bitcoin’s recent dip sent shockwaves through the global market, with Ethereum following suit, sliding near $3,000 before a modest recovery. While most altcoins faced double-digit losses, digital asset prices have since steadied, with Bitcoin rebounding above $102,000. Despite the downturn, a significant share of Russian investors continue to buy into the market, showing resilience and long-term confidence in crypto’s potential.
Mixed sentiment but steady participation
A new survey by RBC Crypto, one of Russia’s leading digital asset media outlets, revealed that almost one-third of local traders are actively purchasing coins. The findings indicate that while many reported portfolio losses, optimism remains strong. Over 30% of participants said they “believe in growth and are buying,” while 26% admitted to struggling amid the correction. About 20% reported managing well under current conditions, and nearly 18% prefer to wait before re-entering the market.
Uncertainty dominates the broader mood among traders, with 40% of participants unsure whether current prices offer good entry points. Around 22% view the dip as a buying opportunity, while another 22% are adopting a cautious approach, anticipating another leg down.
Yet, despite the volatility, long-term predictions remain upbeat. Belarus-based brokerage Cifra Markets, which operates across Russia and neighbouring regions, expects Bitcoin to surpass $130,000 by the end of 2025, reflecting broader market confidence in the next bull cycle.
Russia prepares for new crypto regulations
While enthusiasm among retail traders is evident, Russia’s regulatory landscape remains restrictive. The Central Bank of Russia (CBR) continues to limit legal crypto investments to a narrow circle of “highly qualified investors” through its experimental legal regime (ELR), allowing limited use of digital assets mainly in foreign trade. However, millions of Russians have found ways to participate regardless.
Recent estimates suggest that over 20 million Russians collectively hold more than $40 billion in digital assets, underscoring strong grassroots adoption despite regulatory hurdles. The CBR recently announced plans to allow Russian banks to handle cryptocurrencies and hinted that comprehensive legislation governing digital assets could be finalised by 2026.
For now, Russian investors appear undeterred by short-term volatility. Many view the current correction not as a warning sign, but as an opportunity to accumulate, reaffirming the nation’s growing belief that Bitcoin’s long-term trajectory remains firmly upward.
Stay informed,
Rodcas Consulting Group