Re: Putin believes Bitcoin has value

Russia is adopting a different attitude towards cryptos than China. President Putin has come public saying "Bitcoin has value but it cannot be used in the Oil trade"

I guess Putin didn't still fully grasp the real potential of cryptos as he says

Quote

“Cryptocurrency is not supported by anything as of yet. It may exist as a means of payment, but I think it’s too early to say about the oil trade in cryptocurrency.”

But even so, it shows that Russia seems to be adopting a friendly position facing cryptocurrency and it may be having some impact on the industry. Given that China adopted a harsh position towards cryptos, is it possible that miners are relocating from China to Russia? Is it possible for Russia to step up to occupy the former place China had in Bitcoin? I guess this is what is happening, otherwise, Putin wouldn't come public with such a neutral position.

Being a resident of Russia, I am really happy that Putin doesn't prevent us from buying and trading cryptocurrencies. We can't pay with them, but at least we can use them as investment. I think that it is a wise step from him as Bitcoin and blockchain technologies in general have a big potential and are really useful, so if Russia starts adopt Bitcoin in the same way as America, it will be good for it.

Its good to have a open minded president since they could give their citizens an options to venture theirselves on new things just like bitcoin, For sure this will be a good basis to others that they should trust bitcoin to since once other country will think the same as Putin or other government who adopt bitcoin for sure it will be beneficial to us and to the industry to last long and have good institutions to hold on.

Whenever you do have a leader who do have this kind of positive sentiment towards crypto then you would really give that kind of awareness about crypto existence towards into your vicinity.

Its good to see that one of the most powerful leaders or country does have that kind of consideration or positive towards crypto which they could really be having some significant add up

towards recognition and adoption but lets see on how things would be going because sentiments like this could really changed up from time to time .So lets not make out some conclusions yet.