Quote from: EarnOnVictor on May 16, 2025, 10:30:19 AM

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

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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.

Of course. They're not that stupid. Russians know Bitcoin is the perfect way to circumvent sanctions. Even if centralized exchanges forbid Russian governments officials and individuals from buying/selling Bitcoin (due to sanctions), that won't stop BTC from growing in the region. Since it's decentralized, trading activities can resume in-person or through a decentralized exchange. Putin and his cronies know this, so they will embrace BTC at its fullest. They might as well ditch the USD completely, following other countries' footsteps (mainly those within the BRICS alliance).

Expect BTC to rise even further in price as a result of increased adoption by the Russians. Slowly but surely, the world is recognizing Bitcoin as the next "Digital Gold". I'd say Gold's "death" is certain. Possibly even Fiat, too. We'll see what happens in the long run.