It's one geezer who's been dribbling the same shit for months with zero sign of it being true.
Every country that is not the US would probably love to get one over on the US so there are a mountain of conventional options before they even dream of BTC, and they're not dreaming that in the slightest.
Topic: Russia to replace USD reserves with Bitcoin - page 7. (Read 1047 times)
The US government have been unfriendly with cryptocurrency and that have been seen with the suspension of trading in some exchanges tokens and that is an attack on the adoption of cryptocurrency and Russia being a cryptocurrency friendly region will have to adopt cryptocurrency and looking away from the US dollars and optioning in to alternative asset.
It’s certainly no argument that this is mere speculation like a lot of the posters on this shred believe, myself too. But it is strange that I’ve heard this at least 3 times in the last few weeks, and as they say “ There’s no smoke without fire” .
If the Russian government even just dip their toe in the Bitcoin market, it will cause waves.
If the Russian government even just dip their toe in the Bitcoin market, it will cause waves.
I don't think that we'll gain anything by posting fake news. All it can do is to tarnish the reputation of this forum and that of crypo-currency in general. It is true that Russia is selling the US treasury bonds in its possession. They are selling the bonds and purchasing bullion and other assets. But there is no indication that they are even remotely interested in crypto.
Its logical to find an alternative and not depend on USD. If the future says crypto is getting much attention, it shall be considered an alternative not just for the Russia. They'd rather be looking into it than dependent to whatever is on the table. Fake or not. Look into where this market is going, it just can't be this way for the rest of its existence.
Due to US sanctions , Russia may well start to invest its reserves in Bitcoin. Ive heard this rumour for months, but it looks more and more logical and likely.
https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/
This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .
https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/
This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .
If they were going to do it, they wouldn't announce it in advance. That would just spike the price.
Also: there arn't enough circulating bitcoins to meet any country's reserves, and certainly not enough to replace the dollar.
They may hold a small reserve of bitcoins so they can move money to their client states without attracting attention from the Americans, but they won't hold much. It's easier for them to hold gold, not least because there is a lot of gold available to hold as a reserve.
Quote
Russia has made it know that it’s not against cryptocurrencies, but rather that digital currencies to carry inherent risks. Still, there are many within the country that believe Russia will begin to diversify its reserves with Bitcoin as early as February.
I'm not sure what to make of the above quote from the aritcle. There are enough weasel words in there that it seems to belong in a zoo, or deep in the forest at best.
Wouldn't surprise me, though. US-Russia relations have been historically tense, and I don't doubt that Russia would be looking for something other than the USD to keep as a stable currency. But bitcoin? I do have doubts as to whether those two currencies are interchangeable, and I'm wondering whether there needs to be an "either-or" mentality on Russia's part. It might make more sense to hold both. But in any case, a big world power like Russia holding bitcoin as a reserve currency would be huge news--IF it were true. This could be nothing more than rumor and hype.
I don't think that we'll gain anything by posting fake news. All it can do is to tarnish the reputation of this forum and that of crypo-currency in general. It is true that Russia is selling the US treasury bonds in its possession. They are selling the bonds and purchasing bullion and other assets. But there is no indication that they are even remotely interested in crypto.
Due to US sanctions , Russia may well start to invest its reserves in Bitcoin. Ive heard this rumour for months, but it looks more and more logical and likely.
https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/
This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .
https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/
This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .
If, only if it happens then we will definitely see a very bullish price trend for bitcoin but it's still at a specualtion mode and the article only says, what will happen if Russia starts replacing their USD reserve with bitcoin! It's least likely to happen!
Russia is ruled by strict communist laws and kept themselves in a very secretive way! The only sideline chance is their ongoing issues with US but it's not so big that they will have to take such drastic step! Don't bank high on this!
I think the U.S. sanction has something to do with Russia getting involved with funding Venezuela. They have started diversifying it's assets and of their choices is bitcoin. It seems that numbers of countries are starting to move away from depending on U.S. dollar and fining alternatives, and starting to consider bitcoin as one of it.
This will have a huge impact on not just bitcoin but also the whole crypto market.
This will have a huge impact on not just bitcoin but also the whole crypto market.
Due to US sanctions , Russia may well start to invest its reserves in Bitcoin. Ive heard this rumour for months, but it looks more and more logical and likely.
https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/
This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .
https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/
This article sums it up pretty well and if it does become true, it will surely bring a very strong bullish trend .
Jump to: