Bitcoin (BTC) and cryptocurrencies carry a notable personal freedom ethos, and have matched US investors in their search for wealth. But what is more curious, over the past years, it is former communist countries - and current ones - which boost crypto usage.
Russia has risen as a powerhouse of crypto adoption, for anything from amateur and large-scale mining, trading, and startups powered by immense developer talent. The country was just exiting another crisis and recovering into a wealthier economy based on natural resources, when BTC happened.
The country had a history of hyperinflation and instability, with an immediate switch to a grey economy and dollarization. So it...