Russians collectively hold $130 billion in crypto, an amount pretty close to Russia’s gold stash, which reportedly makes up 20% of the central bank’s overall reserves.
The prime minister did not mention the source for this figure, noting that the amount is based on “various estimates,” stating:
“We are well aware that we have more than 10 million young people having opened crypto wallets so far on which they have transferred significant amounts of money, which exceeds 10 trillion rubles.” If true, the latest estimations of Russian crypto holdings cited by Mishustin are pretty close to Russia’s gold stash, which reportedly
to $140 billion as of late March 2022. According to White House estimations, Russia’s gold holdings make up about 20% of the country’s central bank’s overall reserves.
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