Post
Topic
Board Bitcoin Discussion
Re: Russia's approval of BTC
by
Reatim
on 15/04/2022, 09:22:31 UTC
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 Smiley

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.
But this is russia mate and not other countries as we knew that they are having sanction here and there meaning that maybe more countries will take out support from bitcoin and crypto jusy not to support what Russian government is imposing now.
I think better to look in the other side and not just for what is in the table now.