Putin's childbirth allowance has become an investment in BTC, with 26% of Russian parents hoping to allocate funds to crypto assets.

A recent poll in Russia found that 26% of parents are willing to use the childbirth allowance provided by President Putin to purchase Bitcoin (BTC). Two-thirds of Russian families are willing to invest the financial aid offered by the state to increase the birth rate, and cryptocurrencies like Bitcoin are one of the most popular choices.

Russian families are unclear about the specific uses of the "maternity allowance"

A recent opinion poll found that only one in five Russian parents is aware of what items they can purchase with government subsidies to support childbirth.

Gazeta Russia news portal reported on Wednesday that about 19% of parents know the specific purchase list.

More than half (54%) of the respondents could only name a few, while 27% did not understand the question. Strangely, according to research by Renaissance Insurance Group, women (34%) were more likely than men (22%) to be unclear about the potential uses of this money.

The focus of this opinion poll is the "Mother Capital," as the Moscow authorities call it, which is a federal subsidy aimed at encouraging Russian families to have more children.

The program was launched in 2007 to provide financial assistance to married couples who are having or adopting a second or subsequent child. Since 2020, the program has been expanded to include the first child.

This year, the subsidy amount for the first child exceeds 690,000 Russian rubles (nearly $8,800). If the family has already received the first subsidy, the subsidy amount for the second and subsequent children will be close to 222,000 rubles (over $2,800).

Parents do not receive cash, but rather a special certificate that can be used for various purposes, such as improving living conditions through home renovations, paying the down payment on a mortgage, or contributing to retirement funds.

When asked what expenses they would like to cover, the largest group (32%) responded that it is for buying a car. The top three answers also included using the money as a safety net for unexpected or significant expenses (28%) and paying for medical expenses (22%).

Another 21% of respondents stated that they would prefer to use national aid for home renovations, while nearly the same number (20%) of respondents indicated that they would like to fund training courses to improve their professional qualifications.

26% of Russian parents wish to invest maternity benefits in Crypto Assets

The survey results show that a significant portion of respondents are prepared to make higher-risk investments. Among them, stocks (30%), bonds (26%), and equally importantly—26% of respondents admitted that they would consider purchasing Crypto Assets.

On the issue of who should control household spending, 38% of respondents clearly stated that parents should have this right. Among parents, males are more likely than females to support this view, with support rates of 41% and 35%, respectively.

About 17% of people believe that such decisions should be made collectively by all family members, while 45% are willing to entrust the management of maternal capital to their own children, although more than half of them emphasize that a certain age must be reached before control can be transferred.

Putin's assistance also comes with some warnings, as another article published on the Gazeta Russia website in mid-June warned Russians. For example, when purchasing a new house, each family member should legally obtain a certain share.

Russian real estate agent Maria Krets stated that this could complicate future apartment transactions significantly. She explained, "To sell a property owned by a child, permission from the authorities must be obtained... confirming that the child's living conditions will improve after the sale."

"In fact, this means that parents need to purchase alternative real estate in advance so that their children's rights are fully respected," explained the real estate agent.