Russia approved bitcoin as a form of money in order to hedge against the Russian ruble's depreciation and the Biden sanctions. What are your thoughts?
They always had to wait till they're in dire need of rescue from a financial crisis before they acknowledge the supremacy of Bitcoin. This goes to show how self centered politicians can be, it really doesn't matter what continent these politicians a re from. Self preservation matters a lot to them. They only rescind their selfishness when they know there will be a public outcry to what they want. So, without the perceived clash with the US and the sanction therein, Russia would be acting like it hasn't even heard of anything called Bitcoin before, right?
And if it does happen, it could mean that they really are just going to legalize it, not necessarily use it themselves.
How would someone legalize something and then not use it themselves? This part isn't clear to me, or you meant adopting it as a legal tender for the country?