Post
Topic
Board Economics
Re: Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions
by
deisik
on 21/01/2019, 09:09:07 UTC
right now i not see news like this have effect to make BTC price pump too much.

only news like exchange hack can make BTC price dump more than everything

It can't, because it's based on very shaky speculation. I'm pretty sure no one wholeheartedly believes this, considering Bitcoin's recent woes and how large the amount is. They probably can't risk all of that, especially because they aren't even doing well financially in the first place. If it does happen though, I'd expect a furious bull run. I mean, Bitcoin as a reserve currency? Sign me up lol.

As I get it, no one is actually believing in Bitcoin here

And all that noise that people were making nonstop 24/7 about Bitcoin being "digital gold", "the best store of value ever", "world money", it was all thorough bullshit and elaborate lie, right? So is there a soothing light at the end of the tunnel or is it just the freight train coming our way? On the other hand, Russia not doing well financially (with that freight train coming their way) may be desperately looking for a way out ("wunderwaffe"), and in that case we can expect many strange decisions not quite in line with sound reasoning and logic, bordering on insane