Post
Topic
Board Bitcoin Discussion
Re: Russian Central Bank Acknowledged Bitcoin as the most performing asset
by
Synchronice
on 17/05/2025, 11:25:11 UTC
That is from the Central Bank that has detestfully condemned Bitcoin for years. But now appreciate Bitcoin because it has helped them. Russians now realise the beauty of the decentralisation of Bitcoin against the dominance of the Western world. Wink

Quote
According to PANews, the Russian Central Bank has identified Bitcoin as the best-performing asset in the Russian financial market for April 2025, with a price increase of 11.2% during the month. The bank also highlighted Bitcoin's year-to-date performance, which leads with a return rate of 17.6%, surpassing stocks, bonds, and gold.
https://www.binance.com/en/square/post/05-16-2025-bitcoin-recognized-as-top-asset-by-russian-central-bank-in-april-2025-24301170852802

Bitcoin's protective covering is mistaken for individual protection alone, not knowing it's also for countries against foes and external financial restrictions and intimidations from other countries and powers.
Russians realize the beauty of the decentralization of Bitcoin? C'mon, it's no good in their hand. Decentralization is really beautiful but if we talk about the world, it's a little different. Russia wages a war against anyone they wish, how can the decentralized world punish Russia for their bad actions? I'm not against decentralization but in Russia's case, it's not good but at the same time I really want to highlight this and say that centralization is bad as well if the centralized power becomes bad. If centralized power is good, things are good but if it becomes bad, then it can abuse its own power. In case of decentralization, one can easily start abusing of the power without getting punishment for it.

I think that decentralized currency can't work in the end, especially Bitcoin. If Russia saves assets in Bitcoins, then the rest of the world can artificially dump its price and do not accepts coins from Russian wallets. While Monero can bypass all those restrictions, it's worth to say that coins like Monero will not be accepted by 99% of countries because it's completely anonymous and it will create problems inside any country.