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  4. Russia says it will accept Bitcoin for its oil and gas exports?

Russia says it will accept Bitcoin for its oil and gas exports?

tylerwinklevoss
2022-10-21 05:17:18

I really don't know how to interpret this news yet as it is very recent and there is not as much information as I would like, but I think now the Chinese government can take a step to show the world what it really thinks about Bitcoin. We know that Bitcoin is still being bought and sold in China, but in different markets than they were used to. I would like to know if there are more "friendly" countries besides Turkey and China on Russia's list or not?

Post Reply  
elandicaprio
2022-10-21 05:18:27

I think on the one hand it is positive as Bitcoin will be used and more people will know about it, but I think it also has a negative side because many countries could start to see Bitcoin as something “used for evil”. Fortunately, every day more people know about cryptocurrencies and how they work, but at some point this step taken by the Russian government may be counterproductive for the crypto ecosystem. At the moment I think it is better to wait until more information is available.