Re: Russia cut off from Swift is fantastic opportunity for bitcoin
I'm reading many articles explaining that Russia shall be cut off from the SWIFT global interbank payments system, as a sanction in response to its invasion of Ukraine. That means it would be impossible to make bank transfers between Russia and most other countries.
I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.
I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.
I think Russia will be gettings its financial support from China before having to resort to desperate investments like Bitcoin or any other new generation money. I may be proven wrong but for now, I doubt that SWIFT cut off will do more than create FUD which will lead to further short term dips in price because of weak hands panicking and not understanding how Bitcoin value works.
Don't get me wrong, anyone who has no coin will miss out, big time!
