Yes, this is good news for the progress of Cryptocurrency, because big countries like Russia will buy as much Bitcoin as possible, I hear this from some news and articles that I read, I hope this increase in Bitcoin prices will continue to have a positive impact on Cryptocurrency and its use.
Hahahah, how can it be when they have still not regulated cryptocurrency, you should know that most government are so strict about their own law and would not engage in what they have not openly declared to the public. This story of Russia is just going to be a rumor and I dint see the possibility of them REPLACING their reserve with bitcoin.
I dint even see their investment in bitcoin as positive because they will only end up manipulating the market and crashing it below the normal price, if they put in bitcoin to the tune of $10m, and it yield them 50% increase, do you think they will not sell off all their holdings to take profit?