Putin praises Bitcoin: Russia's president sees unstoppable crypto future

Putin praises Bitcoin: Russia's president sees unstoppable crypto future

Russia, Land - What does Russian President Vladimir Putin have to say about Bitcoin? The answer is as clear as provocative: "Who can ban Bitcoin?" He asked in an energetic interview on Russian television and immediately gave the answer: "Nobody." In an exciting turn for the crypto world, Putin praises the rapid development of Bitcoin and Co. and sees them the backbone of future financial strategies. In particular, the BRICS countries still seem to spread the red carpet to the cryptocurrencies, as should be further prepared in their planned summit in 2024. This message is likely to draw wide circles and could shake the power of the US dollar.

Putin's comments are hardly surprising. While the BRICS Economics Association is eagerly tinkering with its own currency, Bitcoin, as an international payment standard, seems to be gaining more and more ground. The introduction of a law in Russia that recognizes digital currencies such as Bitcoin as property laid the legal foundation for its commitment to international trade processing. No wonder that Brazil is allegedly involved in the amazed amazement of the world of analysts by developing a Bitcoin treasure

Putin's vision: Bitcoin as geopolitical power

Russia strategically moves towards the future of crypto. By using Bitcoin in the course of the sanctions during the Ukraine conflict, Russia has proven that digital currencies can become essential tools of the international economy. And now there is seriously talking about the digitization of the Russian ruble on the XRPL Ledger platform! If the prospects are not deceptive, digitization could actually drive the desired desired reductions and turn the international trade structures upside down.

So who is next in the crypto snake? In any case, China and Brazil are there and give the crypto scene an additional thrust. A law in Brazil that is currently being checked could soon offer Bitcoin an official home as a reserve in the state treasure. These developments in the BRICS countries make it clear that the field is properly spiced up for the Bitcoin and keeps the readership in suspense until the final guidelines are published in 2024. A Schelm who thinks of a falling dollar.