Post
Topic
Board Economics
Re: Russia to replace USD reserves with Bitcoin
by
BlueStackz
on 14/05/2019, 09:08:37 UTC
Russia government is crypto friendly they are forming crypto law in the coming future that doesn't mean they change their country reserve to bitcoin i strongly belive it is false news
It is possible they change it entirely in future when the cryptocurrency system has been fully established and accepted but not at this early stage. One thing I am really certain of is that we have some smart countries that are using bitcoin to increase their reserve, which will be the wisest thing to do now that some government are not yet in the loop.

Imagine Russian government using 5 million dollars from their reserve to buy bitcoin when it was $5000, which means that within this short increase, they would have increased their reserve with about 2 million dollars extra without much stress. Do you know what project that will solve in their country?