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Quote from: ADCrypto101 on March 06, 2022, 01:26:00 PM

Hi Guys,

i would like to discuss a thought.

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.

In my opinion, this could throw BTC in a black hole, as US and Europe would be forced to ban or regulate it to death. (Quickly)

What is your opinion on this topic, lets discuss

Kind regards
AD

Actually you made a valid points here.Because their was not a huge transaction without SWIFT. Russia need of some source for the transaction.If they chose a bitcoin for it. It was an amazing one.Because their will huge flow in the bitcoin and ten times rise in the price from now. Atleast their will be double of the current price.So it's better to inverse huge amount of dollars in bitcoin. The big things going to happened in a short period.

Fiat currency are slowly crashing, there a huge world debt and inflation is rising, so the best option is gold and Bitcoin, with regards to the situation of Russia, they can really make Bitcoin legal but I doubt that the price will pump because of this, since restrictions can still happen against Russia.

For what people knows about it for sure majority will go for gold right now because this is more stable and they can able to exchange this everywhere in the world, for sure oligarch from Russia are using this right now to make their wealth safe from inflation also for what heavy sanction they are experiencing right now. Maybe crypto people are just exaggerate things and think about bitcoin is the solution but to be honest this is the risky option for them to so since if we look at it the price is dumping when there's a bad development happening in Ukraine and Russia so for this situation the rich man who exchange their money to this will be at lost and might there wealth will get huge cut if bitcoin dumps more.