Quote from: tokyohd on April 15, 2022, 01:29:57 AM

Quote from: BenjaminGlover on February 12, 2022, 10:56:24 AM

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

Russia has approved bitcoin as a form of money. This is good news for Bitcoin. Hopefully Gradually all countries will one day start giving importance to bitcoin.

What happens is that the btc must be accepted whether you like it or not, it is the only way that the money can enter the Russians well, the amount of sanctions and blockades that have been given to Russian citizens is simply enough to drive you crazy to any person, it is something that is very hard, if there is a technology like BTC, the smartest thing is to accept the technology and take advantage of it, at the moment Russia may be up against a rock and a hard place, but it has to find a way that its citizens have some normal life, as every human should have, the fact that their government wants to be at war does not mean that all of Russia wants war, and despite all the boycotts of Russian sites, the BTC would have a better privilege because its demand would increase, translating into a price increase due to high demand.