Invest Russia in BITCOINS?

in #freedom5 years ago

A Door before the US BLOCK


 
Will it be possible for the Russian government before the economic measures imposed by the United States to exit the BTC?  


The main characteristic of Bitcoin and its derivatives is the freedom it represents and many world systems are already opting to adopt these free economies without intermediaries.  


The Russian government is likely to make a strong investment in Crypto assets to counteract the sanctions measures imposed by the US government. 

Source


“US sanctions may be mitigated only through Bitcoin use. Because of US sanctions, Russia’s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The Central Bank of Russia sits on $466 billion of reserves and has to diversify in case there is limited opportunities to do it.”


In July, the state-sponsored Russian news outlet RT said President Vladimir Putin gave a speech highlighting the need for alternative reserve currencies in global trade.


“Regarding our American partners placing limitations, including those on dollar transactions, I believe is a big strategic mistake. By doing so, they are undermining the trust in the dollar as a reserve currency.”


Source. Russia Will Buy $10 Billion in Bitcoin, Ditch US Dollar and Become Huge Crypto Whale: Russian Economist: https://dailyhodl.com/2019/01/08/russia-will-buy-10-billion-in-bitcoin-ditch-us-dollar-and-become-a-huge-crypto-whale-russian-economist/


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