How interest in Bitcoin among Russians changes

Publication date: 06 Jul 2020

Last year, the highest number of searches containing the word “Bitcoin” in Russia was made from the Chechen Republic. Nenets Autonomous Okrug and the Republic of Dagestan were in the second and third places, respectively. Residents of Mordovia were the least interested in the cryptocurrency. These conclusions are drawn from Google Trends data.

Россияне акутино интересуются биткоином

Popularity by subregion (Russia)

1. The Chechen Republic 100. 2 Nenets Autonomous Okrug 61 3. 3 The Republic of Dagestan 50 4. 4 The Republic of Khakassia 48 5. 5 Irkutsk Oblast 46

In mid-March, there was a surge in the number of search queries when the cryptocurrency exchange rate fell by half to $3,800.

Since then, interest in Bitcoin has decreased by almost three times—from 100 to 40 points (the minimum of 36 in the week of 21-27 June). On a year-on-year basis, the decrease was quite sharp as well—from 84 points in the week of 7-13 June 2019.

Как меняется интерес к биткоину среди россиян?

Dynamics of popularity.  7 July 2019 – 3 Nov. 2019 – 1 Mar. 2020

Russia, out of all countries in the world, has the keenest interest in Bitcoin. Ukraine is in the second place. Kazakhstan, Belarus, Georgia are among the top ten. Residents of India, France, USA, and Italy are the least interested.

Интерес к биткоину у жителей разных стран мира

Popularity by region 1. Russia 100 2. Ukraine 84 3. Kazakhstan 75 4. Belarus 52 5. Georgia 49

It is worth mentioning that the price of Bitcoin remained almost unchanged in May-June 2020 fluctuating between $9,000 and $10,000.

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