Russia approved bitcoin as a form of money in order to hedge against the Russian ruble's depreciation and the Biden sanctions. What are your thoughts?
Putin is in favor of establishing bitcoin as a kind of money since he is threatening war and Biden's economic penalties will harm the ruble. He might still use bitcoin to transact in the global economy. I'd want to hear everyone's thoughts on this. Thanks for your response in advance
Putin is in favor of establishing bitcoin as a kind of money since he is threatening war and Biden's economic penalties will harm the ruble. He might still use bitcoin to transact in the global economy. I'd want to hear everyone's thoughts on this. Thanks for your response in advance
Thats bad for us, thats bad for the bitcoin economy. The man might just manipulate the market heavily as he would be angry after the sanctions that are being imposed on the country. I think he had great plan ahead of everything when he was planning for the war. He might knew what would happen after this, how ruble will fall as America is the biggest enemy who will be in the favour of Ukraine. Same thing happened, and he knew Bitcoin would be the safe heaven to inject those penalties back into the global economy. They can shut down the internet, they might get banned from the banks, but how will they ban the crypto's and its trades?