It's just an old rumor which at the end is not true. Also, remember the country is anti crypto. In opposite, Russia is replacing USD with gold, not Bitcoin, it bough for 46 trillion last year
I really doubt it.
Not with an overall federal budget of 200 billion$.
Their entire gold reserve is valued at 80 billion$ and last year they've bought something around 9 billion$.
I agree with you on this, they might not really make it a reserve since the market is still very volatile and quite risky, but at the other hand, it is a game of luck, it will favor them more if they do so now that the market is just recovering, imagine that they put part of their reserve in BTC now, lets say 10 billion dollars, and BTC multiplies by 10x tomorrow, it means their reserve would have become 100 billion dollars. We can see that bitcoin has indirectly solved their economy crises without them knowing.
Yeah...too bad that when you try to sell 1 billion worth of it it will drop the price at half of what you bought for :PPP
Look at the graphs and see what a 1-2 million worth of BTC dumped on the market is doing to the price and multiply it by 1000.