Putin Praises Bitcoin: Russia's President Sees Unstoppable Crypto Future

Putin Praises Bitcoin: Russia's President Sees Unstoppable Crypto Future

Russian President Vladimir Putin has once again shown himself to be a big supporter of Bitcoin and digital currencies. In an interview on Russian television, Putin stated that Bitcoin is not only coming, but also inevitable. He made it clear that no one can stop Bitcoin and highlighted the importance of these “new technologies” that will thrive regardless of US dollar developments. Putin's vision for Bitcoin also reflects the ambitions of the BRICS, which wants to use crypto to challenge Western currencies such as the dollar. These developments, as watcher.guru reports, suggest that cryptocurrencies could play a significant role in future international trade.

Russia, alongside BRICS players such as China and Brazil, has already taken steps to establish digital currencies as legitimate trading tools. Putin's latest legislation recognizes digital currencies as a form of property in international trading settlements. These measures underscore Russia's desire to use Bitcoin to expand economic and geopolitical advantages. As the Ukraine conflict continues, Russia turned to Bitcoin to cushion the impact of Western sanctions. The idea of ​​digitizing the ruble shows that Russia is committed to actively shaping the crypto landscape. Such a radical shift could take de-dollarization to a new level and change the balance of power in global trade.