Post
Topic
Board Economics
Re: Russia to replace USD reserves with Bitcoin
by
PuertoLibre
on 19/05/2019, 04:21:46 UTC
Due to US sanctions , Russia may well start to invest its reserves in Bitcoin. Ive heard this rumour for months, but it looks more and more logical and likely.

https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/

This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .
Fake news. The source of this rumor, the "Russian economist", is not working in government. Basically, he is just a teacher.
High profile person can suggest such ideas but in the economy, it can cost more than dollar averaged spendings. Bitcoin is not world reserve currency and its value depends on the other variables.  Economists usually agree with diversifying the government assets to different financial worldwide assets.