Moscow accelerates the step now that Washington has embraced Bitcoin. Soon a Russian strategic reserve?
The tension rises
It is done, the United States has officially adopted Bitcoin as a reserve currency. Bo hines, one of the twelve members of Crypto Council presidential “Buy as much bitcoins as possible”. There is “No limit”.
It would seem that Americans want to act quickly and strong so as not to have the grass cut under the foot. Senator Cynthia Lummis has just reintroduced the “Bitcoin Act” to the Senate which offers to buy 200,000 BTC per year thanks to the sale of golden stocks.
A dozen senators have already supported. The senator Jim justice launched at the start of the week: “We went from horse to car, then to the plane, and now we are targeting Mars. In the world of finance, we have to do the same thing. ”
The CEO of the Coinbase exchange platform is also of this opinion. He declared some time ago on the occasion of the World Economic Forum:
“Bitcoin is a better form of money than gold. It is important that governments retain bitcoin as a reserve of value. It may be 1 % of their reserves at the start, but I think that in fine, the share of bitcoin will be equal, even greater than that of gold. »»
Mr. Armstrong thinks that the American strategic reserve will bring the rest of the G20 to be interested in it. The CEO of Coinbase also revealed this Thursday that the launch of the Bitcoins Strategic Reserve of the United States aroused increased interest on the part of governments around the world …
In other words, several countries are already trying to style the United States at the post.
Domino effect
We know that the Czech Republic is thinking of placing part of its reserves in Bitcoin and that several countries have already had this audacity. This is the case of Bhutan, Salvador or the United Arab Emirates.
The lines also move in Russia where the deputy for Duma Anton Tkachev proposed to create a strategic reserve A few months ago already. Vladimir Putin himself praised Bitcoin as an alternative to foreign currency reserves.
“Why accumulate reserves if they can be lost so easily?” »»he said last December. For the Russian president, Bitcoin is a potential solution: “Who can prohibit Bitcoin?” Person. Whatever happens to the dollar, these new technologies will develop in one way or another […] »».
The CEO of Biriver Igor Runets, the largest Russian minor, also mounted the niche on his Telegram account: “Is a logical question: is a Bitcoin Strategic Reserve possible in Russia? There is no doubt that the Russian financial system would benefit from it. ”
It was written that the disconnection of Swift and the frost of its reserves would push Russia to Bitcoin. Moreover, Mr. Putin did not lift these sanctions an essential condition for making peace with Ukraine. Perhaps he has the idea of betting on Bitcoin now that the United States is all-in?
This is actually already the case. Reuters Report today that Russian oil companies already use it to trade with China and India …
It is only a matter of time before the whole world uses Bitcoin as an international reserve currency and alternative payment system.
Don't miss our article: The United States will erase the debt thanks to Bitcoin.
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