Post
Topic
Board Bitcoin Discussion
Re: Just in: Russian Lawmaker proposes to create a strategic Bitcoin reserve
by
betswift
on 10/12/2024, 08:40:30 UTC
i can't help but think if countries like Russia are seriously considering bitcoin as a reserve asset, it shows just how much potential the crypto has in reshaping global finance, The idea of moving away from traditional fiat currencies especially the US $ feels like a natural step for countries tired of being at the mercy of Western sanctions. But then there's that whole criminal angle that peoiple bring up bitcoin's privacy features make it a go to for illegal activities. It's kind of a double edged sword
As it was said - all try to grab their share due to the US doing and thinking about it too.
And Russia is inclined even more to do so - after all, they need some leverage to be able to maneuver more during these times.