Re: Russia cut off from Swift is fantastic opportunity for bitcoin
Russia has been working on legalizing bitcoin for the last couple of weeks.
Which still seems weird to me. Why would a nation, whose regime isn't known for seeking freedom, want to formalize Bitcoin... A currency known for decentralizing the economy. They have full control over their citizens via the banking system, I wonder what are their plans. I'll hold my breath for this.
I am thinking now that the reason why suddenly Russia changed its position over bitcoin or crypto, was because they were really in position to go to war.
We are seeing that bitcoin is down for the moment, but if the situation between Russia and Ukraine escalates to worse.
I have the feeling that after few weeks, bitcoin will start to gain its momentum as crypto will be a very good option to move money in this time.
I don't think US or EU can stop those crypto transactions as it is decentralized.
So yeah, hold our breath on this but maybe start thinking of accumulating satoshis also while the price is down.
Yes, we can see that Bitcoin from Russia's response is a Chess piece, its been
brought into play as a defense to sanctions as per the thread title. As bitbollo
pointed out this is a perfect use case for Bitcoin its just a pity of the circumstances.
Thats Bitcoin, it ignores borders and is oblivious to its users and why they use it.