Russia? I'm not sure Russia has been crypto friendly. Those guys have been an attack vector to Bitcoin and don't like anything crypto unless there is a change about there government and views on Bitcoin. That aside, only US has been shouting about reserve and their plans for crypto. I can't affirm if this will be possible but if they which is conditional, if they do trust me other countries will follow later but for now, it's just formal talks and we can't rely on that alone.
El Salvador legal tender is there but the people didn't use Bitcoin as many expected, the free Bitcoin that was airdrop to them sold everything but perhaps if US start their promises about Bitcoin there is going to be a huge demand in Bitcoin as exchange for people that really want to accept but people that are not used to it and used to traditional currencies will find it hard to accept it because of the volatility they may face if they accept it from customers.
El Salvador legal tender is there but the people didn't use Bitcoin as many expected, the free Bitcoin that was airdrop to them sold everything but perhaps if US start their promises about Bitcoin there is going to be a huge demand in Bitcoin as exchange for people that really want to accept but people that are not used to it and used to traditional currencies will find it hard to accept it because of the volatility they may face if they accept it from customers.
Hasn't Russia shown signs of interest in Bitcoin mining? I've heard rumors that Russia is using crypto to avoid sanctions. It might've restricted citizens to participate in crypto, but government officials could be mining and trading it in secret. With popularity rising, it would be dumb enough to ignore the crypto/Blockchain bandwagon. Especially, Bitcoin which has seen a surge in demand lately. Prices have gone higher ever since Donald Trump won the 2024 election.
So yes, more governments will increase their BTC stockpile with the hopes of profiting in the long run. Even institutional investors are in the game. If you haven't bought BTC yet, I'd suggest you get in before it's too late. You'll thank me later.
