Moscow’s monetary authority has listed bitcoin among the most profitable assets for Russian investors.
The Central Bank of Russia (CBR) has officially acknowledged bitcoin as one of the top-performing financial instruments available to investors.
According to the latest “Financial Market Risks Overview” published by the CBR for October, bitcoin has demonstrated significant medium- to long-term performance. Data compiled by the central bank show returns of 29.4% over the past 12 months and 154.2% since 2022.
The asset has earned a permanent spot in the central bank’s periodic analyses, regularly appearing in comparative tables of assets available in the Russian market.
In the official report, the Bank of Russia placed bitcoin in a new category called “For reference: individual foreign instruments”, alongside the U.S. Treasury Bond index and the S&P 500 TR.
It is worth noting that the CBR’s calculations are expressed in rubles, the national currency. In this evaluation, bitcoin’s price remains below the 11.1 million ruble peak reached in December 2024, currently standing at around 8.5 million rubles (approximately $104,000 at current exchange rates).
Currently, about 20 million Russians hold digital assets worth over $40 billion, according to recent estimates. A survey revealed that 1 in 10 Russians is open to purchasing cryptocurrencies, with 60% citing bitcoin’s profit potential as their main motivation for considering such investments.
