Russia to Avoid US Sanctions with $10 Billion Bitcoin Investment
According to a Russian economist with ties to the Kremlin, the superpower is preparing a massive $10 billion USD investment in Bitcoin to replace its US dollar reserves. Russia’s Bitcoin investment is a step to minimize US sanctions on the country.
Russia’s Bitcoin InvestmentVladislav Ginko, an economist at the Russian Presidential Academy of National Economy and Public Administration, said the Bitcoin investment was a step taken to avoid US sanctions on Russia.
Ginko believes that Russia’s decision to hold Bitcoin as a reserve currency instead of the US dollar is a move being ...
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