Looking at the present, USD is under threat and weaker than ever, but I believe that the US will do everything, regardless of not losing its position as a leading power. China and Russia are creating a new alliance that restricts the use of USD and EURO in their transactions and they want to overthrow the dominance of USD and EURO but it is still difficult to say whether China's Yuan will soon replace the USD.
Bitcoin is only one method in Russia's choice of means of payment with its counterparty, so it will not affect the relationship of the two countries. Yes, bitcoin has become too big to beat even if China gets rid of bitcoin.
Bitcoin is only one method in Russia's choice of means of payment with its counterparty, so it will not affect the relationship of the two countries. Yes, bitcoin has become too big to beat even if China gets rid of bitcoin.
Putin will have to decide whenever he wants his country to collapse due to economic pressure or all the other way around. Bitcoin may be an alternative to help restore the Russian economy, but it's not the only option available. With Russia's own natural reserves and strong alliances with China, it's possible the country will rise again back to its former glory (if it ever does). Bitcoin's been going downhill recently, so there's no rush for Russia to approve its use anytime soon. Even if Russia never legalizes Bitcoin, the government can still use it in secret.
For what I know, Bitcoin doesn't need the approval of countries in order to survive. What matters is how many people support the blockchain so that it can stand the test of time. With many nodes and miners supporting the network, it's likely Bitcoin will last a lifetime. Just my opinion
