Post
Topic
Board Speculation
Re: If Russia goes full Bitcoin adoption
by
aruldaroy
on 07/03/2022, 01:22:28 UTC

Russia is experiencing heavy sanctions by EU and US, especially the SWIFT Ban from the EU is a hard one.
So what would happen if Russia went full adoption on BTC as this would be an unregulated alternative.


Bitcoin doesn't have anything to do with Russia currency for now. The issue is Swift ban and that has cut Russia off from access to cash this is part of the reason for rupees crashing. On bitcoin, if Russia goes full adoption on bitcoin, it won't change the fortune of Russian economy, it can only get bitcoin price going higher because whales will take opportunity for more investment.

Yes with a situation like that bitcoin will be more expensive because there are more and more supplies and purchases from those who want to use bitcoin in Russia.
That way the increase in the development of bitcoin is even more visible.
But my question is really Russia will adopt bitcoin.?
Because if it's true that Russia will adopt bitcoin, of course there are already signs of an increase in the current bitcoin price.