Russia plans to ditch US dollar for Bitcoin, says university professor

posted 5 months ago
A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new US sanctions, a move that could happen “in a matter of weeks.”

Vladislav Ginko of the Russian Presidential Academy of National Economy and Public Administration said “The central bank of Russia sits on $466 billion of reserves and has to diversify in case there are limited opportunities to do it (in the future).”
Tags: bitcoin, opinion