Post
Topic
Board Bitcoin Discussion
Re: To what extent are Russians capable of storing their riches in Bitcoin?
by
mia_houston
on 01/03/2022, 16:19:49 UTC
Russia is currently in difficult times, this is all because of the war that is going on there. The Russian currency has decreased in value because many countries have imposed sanctions on the country. 
Storing assets in the form of Crypto can indeed be done there, but is it a safe way ?
I hope the Internet is still smooth there, I think it's easy to buy BTC and store it in a personal wallet, then sell it little by little to make ends meet.
I was actually sad to see the war, because many lives died.
In conditions like today there is no other choice for Russian citizens to store their wealth other than in the form of bitcoins or other virtual assets, the fall in the value of the ruble has of course begun to awaken Russian citizens to be more open to bitcoin as an asset that is indeed quite safe in various conditions.
I think even if the internet doesn't work in Russia later, of course the assets they have are still quite safe because they do store them in personal wallets or exchange wallets like binance, and I think as long as they still have the keys and control over the wallets of course they can access them anytime if indeed the internet has returned to normal later.