Topic: Putin believes Bitcoin has value - page 4. (Read 526 times)
You are right. Putin has just learned that Bitcoin, its mining and other related business can be helping its economy. I read sometime that Russia has this special economic zone that allows cryptocurrency-related businesses to start and flourish. Once the government can see a big success rate with that zone there is a big possibility that Russia will slowly allow the integration of cryptocurrency into its economy. This is coming and not a question of IF but when. Of course, we are happy that at least there is no big ban here just like what China is pursuing. Russia can be a big market for crypto and I think there are now many Russians who are holding them.
For those that might actually believe this dictator - Do you think someone that murders his political opponents in order to retain a tight grip on power is going to give up his economy to a digital currency that is free to use? Russia's economy has been in shambles since Putin was put in power, his regime would not survive if Russian citizens detached themselves from central banking. I'm sure he'll talk up Bitcoin with empty words that do not translate into anything meaningful.
It's actaully best for a dictator to use cryptocurrency to surveillance the people in the country. Look how China is doing. Using their CBDC is to look into the account and money spending of their people through their CBDC makes Xiing Ping more in control of their people's behavior.
He doesn't have to control social media feed because he knows his people, how much money they have in their accounts, and can bankrupt with just one click. Gaining power is difficult when he sticks with this old system. How many tyrants are dead because of it. Luckily for Putin, people are still liking him.
It was a very general statement which could mean nothing at all. There is no reason to celebrate. By saying crypto has value is simply saying crypto is not totally worthless. It was like saying the technology could be useful. What followed are the more interesting statements. For example, Putin was clearer in saying, “But I don’t believe it can be used in the oil trade.”
There was also a hint that Putin has yet to really wrap his head around crypto. He said, “Cryptocurrency is not supported by anything as of yet.” I mean, does it have to? What does he exactly mean by that?
Moreover, Putin is also giving weight on crypto's heavy reliance on massive energy consumption.
There was also a hint that Putin has yet to really wrap his head around crypto. He said, “Cryptocurrency is not supported by anything as of yet.” I mean, does it have to? What does he exactly mean by that?
Moreover, Putin is also giving weight on crypto's heavy reliance on massive energy consumption.
For those that might actually believe this dictator - Do you think someone that murders his political opponents in order to retain a tight grip on power is going to give up his economy to a digital currency that is free to use? Russia's economy has been in shambles since Putin was put in power, his regime would not survive if Russian citizens detached themselves from central banking. I'm sure he'll talk up Bitcoin with empty words that do not translate into anything meaningful.
Great argument here mate , Why would He really accept Bitcoin if this will rule Him out in the future, he might just joining the trend as Bitcoin becomes popular these days and He don't wanna miss the ride but that doesn't mean he literally accepting nor believing this decentralized and very volatile market.His statement seemingly just favoring the Pro Bitcoin so he won't need to add opponent as the election is near to come again and people in Russia is starting to believe inc rypto currency more deeply these days.
For those that might actually believe this dictator - Do you think someone that murders his political opponents in order to retain a tight grip on power is going to give up his economy to a digital currency that is free to use? Russia's economy has been in shambles since Putin was put in power, his regime would not survive if Russian citizens detached themselves from central banking. I'm sure he'll talk up Bitcoin with empty words that do not translate into anything meaningful.
Yes, it seems to me that we are about to enter the country adoption phase. In 2016-2017 we had a big adoption by retail investors. In 2020-21 we are seeing adoption by institutions. Many of the ones that criticized Bitcoin and said it was a scam have moved to buying Bitcoin or offering it to their customers. Maybe little by little we are at the beginning of adoption by countries, which hopefully will be significant for the next cycle, because I don't think things are going so fast this cycle that we are going to have so many countries legalizing it as a currency that we can talk about adoption by countries in this cycle.
if bitcoin adoption and regulation for each country for bitcoin in positive form. this could be a very big trend happening in the crypto market.we can see gradually, several countries or country leaders express how interested in bitcoin and crypto adoption. it is very possible for other countries to also follow the big countries adopting crypto. because most of the problems in each country lie in regulations that still prohibit its use. but if as an investment asset I guess it would be a very good alternative.
It might they think that Bitcoin is good as an asset not for a daily payment or use in a trade or even mixed up in forex trading.
Good to see that there are few countries now seeing how useful Bitcoin is and it might other countries will follow them as next to their steps. I freshly remember that there are 3 countries aside from El Salvador that has been announced Bitcoin as legal tender in their place and it might Russia will be the next to them.
I smell a huge pump is coming with the Bitcoin price of this news.
Good to see that there are few countries now seeing how useful Bitcoin is and it might other countries will follow them as next to their steps. I freshly remember that there are 3 countries aside from El Salvador that has been announced Bitcoin as legal tender in their place and it might Russia will be the next to them.
I smell a huge pump is coming with the Bitcoin price of this news.
Yes, it seems to me that we are about to enter the country adoption phase. In 2016-2017 we had a big adoption by retail investors. In 2020-21 we are seeing adoption by institutions. Many of the ones that criticized Bitcoin and said it was a scam have moved to buying Bitcoin or offering it to their customers. Maybe little by little we are at the beginning of adoption by countries, which hopefully will be significant for the next cycle, because I don't think things are going so fast this cycle that we are going to have so many countries legalizing it as a currency that we can talk about adoption by countries in this cycle.
But talking about that Bitcoin can't be used in the oil trade? If that both parties have accepted the mode of payment, I think there is no such problem. The transaction must go on, it was like were using fiat to make a payment but with the use of Bitcoin made it faster.
It might they think that Bitcoin is good as an asset not for a daily payment or use in a trade or even mixed up in forex trading. Good to see that there are few countries now seeing how useful Bitcoin is and it might other countries will follow them as next to their steps. I freshly remember that there are 3 countries aside from El Salvador that has been announced Bitcoin as legal tender in their place and it might Russia will be the next to them.
I smell a huge pump is coming with the Bitcoin price of this news.
So many advantages and use of bitcoin, but he thinking about oil trades? Lol, some people are just obsessed with dominating anything. But yeah, its going to take decades and a bunch of countries to accept it (specially those OPEC members) before bitcoin becomes a petrocurrency. The price is currently too volatile to be used for trading oils, a risk no nation would want to take. But at least he believes that bitcoin as some value...
Thats what matter most despite of the possible issues or problems that a country might able to face up when making bitcoin/crypto adoption then it would really take some time and lots of discussions about considerationson certain things and also they might have give out some positive sentiments doesnt mean that it would be final.There's always the probability of reversion of those kind of comments or compliments.
They might seem to be positive but as long they arent making any actions that would justify that then theres always some changed of mind in the end.
Then it has to prove himself that Bitcoin has a bigger picture of success and that is the biggest mistake of ignoring this. I guess, these words coming from one of the strongest leaders will have a huge impact on the crypto community. I'd like to see Russia will have the full commitment to crypto and makes this encourage others to adopt as well.
But talking about that Bitcoin can't be used in the oil trade? If that both parties have accepted the mode of payment, I think there is no such problem. The transaction must go on, it was like were using fiat to make a payment but with the use of Bitcoin made it faster.
But talking about that Bitcoin can't be used in the oil trade? If that both parties have accepted the mode of payment, I think there is no such problem. The transaction must go on, it was like were using fiat to make a payment but with the use of Bitcoin made it faster.
So many advantages and use of bitcoin, but he thinking about oil trades? Lol, some people are just obsessed with dominating anything. But yeah, its going to take decades and a bunch of countries to accept it (specially those OPEC members) before bitcoin becomes a petrocurrency. The price is currently too volatile to be used for trading oils, a risk no nation would want to take. But at least he believes that bitcoin as some value...
I'd like to get a direct source for that, cause in this article the words "bitcoin" and "cryptocurrency" are interchangeably used. I've seen many times titles like "country X supports Bitcoin" and then you read the article and they are actually talking about CBDC or stablecoins.
I hope people won't start saying that "Russia will make Bitcoin a legal tender" and include it in that fake list of countries that will adopt Bitcoin next.
Im searching for this one because they do really make use of cryptocurrency as a default thing or been generalized.I hope people won't start saying that "Russia will make Bitcoin a legal tender" and include it in that fake list of countries that will adopt Bitcoin next.
Edit: and as presumed then it is indeed saying about crypto.
https://nypost.com/2021/10/14/vladimir-putin-says-crypto-has-value-but-cant-be-used-in-oil-trade/
https://www.cnbc.com/2021/10/14/russias-putin-says-crypto-has-value-but-maybe-not-for-trading-oil.html
Well, its better rather than going in negative aspects.
If this is true, it's good news.
We have heard a lot of countries started adopting bitcoin and believing bitcoin, soon those who still hate bitcoin will do the same to other countries who are friendly to bitcoin. Now, the whole world seems to see the potential of bitcoin to become an alternate currency, and let's do hope that not only one specific cryptocurrency, should be on general crypto. Putin soon will announce a legal tender for sure. The only barrier on bitcoin that keeps spreading FUD is China, we hope that they will realize soon.
We have heard a lot of countries started adopting bitcoin and believing bitcoin, soon those who still hate bitcoin will do the same to other countries who are friendly to bitcoin. Now, the whole world seems to see the potential of bitcoin to become an alternate currency, and let's do hope that not only one specific cryptocurrency, should be on general crypto. Putin soon will announce a legal tender for sure. The only barrier on bitcoin that keeps spreading FUD is China, we hope that they will realize soon.
Nice.
We need someone like him to tell the actual thing about bitcoin. Unlike those freaking economists that still denies the value of bitcoin. They should be honest as Vladimir about bitcoin. But he has to learn that it can be traded for gold directly if the producers or suppliers do.
We need someone like him to tell the actual thing about bitcoin. Unlike those freaking economists that still denies the value of bitcoin. They should be honest as Vladimir about bitcoin. But he has to learn that it can be traded for gold directly if the producers or suppliers do.
I'd like to get a direct source for that, cause in this article the words "bitcoin" and "cryptocurrency" are interchangeably used. I've seen many times titles like "country X supports Bitcoin" and then you read the article and they are actually talking about CBDC or stablecoins.
I hope people won't start saying that "Russia will make Bitcoin a legal tender" and include it in that fake list of countries that will adopt Bitcoin next.
I hope people won't start saying that "Russia will make Bitcoin a legal tender" and include it in that fake list of countries that will adopt Bitcoin next.
News surfacing from Russia just a few months back states a different stance on cryptocurrencies, insofar that they even wanted to ban it wholly. Putin as the head of state surely has a valuable opinion on what he thinks of bitcoin, and most of the time, his views are taken as the views of Russia as a whole. Just the timing of this recent statement of Putin on the matter makes it hard for me to believe that he really is thinking such for bitcoin. But who knows? Maybe he really had a change of heart, or he just doesn't follow what his advisers and counsels are doing for cryptocurrency for his motherland.
Seems there's a change of heart here. Maybe, he's also reading adoption of bitcoin in other parts of the world like El Salvador, Venezuela, etc. And even if China totally ban crypto usage, they have seen that it had a slight impact during the announcement but afterwards, bitcoin is soaring high. So he may see that banning btc or crypto is just futile if all the other parts of the world are already enjoying the benefits of this technology. I have read a thread that right now, Russia is in the third position when it comes to crypto mining behind US & Kazakhstan. So if they will be more friendly towards miners, who knows these Chinese miners will eventually move to their country?
News surfacing from Russia just a few months back states a different stance on cryptocurrencies, insofar that they even wanted to ban it wholly. Putin as the head of state surely has a valuable opinion on what he thinks of bitcoin, and most of the time, his views are taken as the views of Russia as a whole. Just the timing of this recent statement of Putin on the matter makes it hard for me to believe that he really is thinking such for bitcoin. But who knows? Maybe he really had a change of heart, or he just doesn't follow what his advisers and counsels are doing for cryptocurrency for his motherland.
Hopefully Russia will show an open attitude towards crypto, without the need to adopt any legal payments, just by giving space to cryptocurrencies as an investment alternative that is allowed to operate in Russia. I know that Putin doesn't have time to discuss and find out more about the potential of Bitcoin for his country's economy. But he has a minister who specifically regulates the digital financial system which should provide reinforcement that Russia in the future is crypto-friendly. Thus, Putin only looks at its development and income in the state treasury.
Russia is adopting a different attitude towards cryptos than China. President Putin has come public saying "Bitcoin has value but it cannot be used in the Oil trade"
I guess Putin didn't still fully grasp the real potential of cryptos as he says
I guess Putin didn't still fully grasp the real potential of cryptos as he says
Quote
“Cryptocurrency is not supported by anything as of yet. It may exist as a means of payment, but I think it’s too early to say about the oil trade in cryptocurrency.”
But even so, it shows that Russia seems to be adopting a friendly position facing cryptocurrency and it may be having some impact on the industry. Given that China adopted a harsh position towards cryptos, is it possible that miners are relocating from China to Russia? Is it possible for Russia to step up to occupy the former place China had in Bitcoin? I guess this is what is happening, otherwise, Putin wouldn't come public with such a neutral position.Infact i can't just believe how china is taking it uneasy on Cryptocurrency infact to the point of tracing users and blocking every possible means, as for Russia i think they have upper edge in accepting crypto activities going on and the acceptability of Bitcoin for oil payment and transactions has a long way to go for now but its possible whereby the countries in which such exchange be done must both have adopted and legalized Bitcoin and can then be used as an exchange for oil (Bitcoin-oil) exchange.
All about the oil. Well he is mostly thinking how they can overpower the US dollar or other modes of payment so that they can sell out their Oil in different ways than the traditional. This is surely out of one important thing, they need BTC to be used as charmer payment to help attract more and more investors for it. Crypto adoption is under discussion since long in russia. They could be in the set point, where exactly the BTC will play the role.
Let us not forget that Russia is the reason for 12% global supply of oil and securing the third position in the world to do so.
Imagine that much being paid in BTC will be put Russia in the top 2 or 3rd position by its BTC use.
Only not sure about one thing, except the different mode of payment what is achievable through this?
Let us not forget that Russia is the reason for 12% global supply of oil and securing the third position in the world to do so.
Imagine that much being paid in BTC will be put Russia in the top 2 or 3rd position by its BTC use.
Only not sure about one thing, except the different mode of payment what is achievable through this?
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