Re: To what extent are Russians capable of storing their riches in Bitcoin?
Let me ask all of you the same question, how is this possible???
Because if poeple would sell their rubles for Bitcoin as the ruble becomes worthless, it means somebody is selling those bitcoins for rubles, right?
I don't see a Frenchman opening a bank account and having rubles sent to him in exchange for his BTC, can you picture that?
Because if poeple would sell their rubles for Bitcoin as the ruble becomes worthless, it means somebody is selling those bitcoins for rubles, right?
I don't see a Frenchman opening a bank account and having rubles sent to him in exchange for his BTC, can you picture that?
it is kinda dicey. With the free fall of the Russian Ruble, who will really want to sell their Bitcoin for RUB when others are trying to sell out of the RUB 
because that is the currency they are holding to trade with. I think if this has not been done already, regardless of the options they have via these DEXs it will be deficult.
because that is the currency they are holding to trade with. I think if this has not been done already, regardless of the options they have via these DEXs it will be deficult. While i agree with your logic, i managed to find some BTC seller who accept RUB at HoldHodl[1]. But obviously the rate isn't fair. At time of writing the post, those seller charge 4-30% higher.
[1] https://www.hodlhodl.com/offers?search=1&side=buy&country=RU&include_global=checked&price_currency=RUB