Nobody can ban Bitcoin: Vladimir Putin's comment that fulfilled Bitcoin's $100K dream
Bitcoin’s surge past the $100,000 milestone has attracted global attention, with many linking the rally to geopolitical shifts and influential endorsements, including Russian President Vladimir Putin's recent pro-crypto comments.
At a recent investment conference, Putin criticized the vulnerabilities of holding state reserves in foreign currencies, especially in light of Western nations freezing $300 billion of Russia's reserves after the Ukraine war. He argued that these reserves could easily be confiscated for political reasons and emphasized the need for alternatives, including cryptocurrencies. «Why accumulate reserves if they can be lost so easily?» he questioned, advocating for investments in domestic infrastructure, science, and technology.
Putin also highlighted the diminishing role of the US dollar as the global reserve currency, pointing to its politicization as a catalyst for many nations exploring alternatives like Bitcoin. “For example, Bitcoin—who can prohibit it? No one,” he remarked, adding that advancements in payment technologies are inevitable due to their efficiency and reliability.
Russia has taken concrete steps to incorporate cryptocurrencies into its economic framework. Laws enabling crypto mining and
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