Russia Buying $10 BILLION of Bitcoin?!

in bitcoin •  4 months ago

The hot new rumor on the internet streets is that Russia is going to buy $10 BILLION of #Bitcoin in an effort to evade US sanctions. Let's unpackage this rumor and discuss why I think it's a big fat baloney sandwhich, nothing burger. Also, let's take a walk back on memory lane to January 14th of 2018 to see how far we've come in the past 365 days, or better yet, how far we've fallen.

"Russia plans to tackle US sanctions with Bitcoin investment, says Kremlin economist" - The Telegraph
https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

Margin trade crypto to hedge your portfolio (only for advanced investors and traders):
Bitmex - https://www.bitmex.com/register/9taqGR

Buy and Trade altcoins on Binance - https://cryptobobby.com/binance

Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger

Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy

Follow me on Steemit:
https://steemit.com/@cryptobobby

Follow me on Twitter:
https://twitter.com/crypto_bobby

Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/

Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax

*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *

** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

We have newer heared that in Russia ))

Я не исключаю что кто-то по тихому покупает крипту, но власти об этом в новостях определённо не трубят

I hope this is true but... Doubt it.

Posted using Partiko Android

I'm not buying this, Russia wouldn't let this kind of information leak. Hope it's true however.

I like that rumours have such influence on the market. It shows there is life and once something major actually happens, the market is ready to make a real pump.

Still too soon for Central Banks to play this card but it could be an interesting perseverance in the future as fiat valuations start to debase to attend the debt bubble continually being created.

Posted using Partiko iOS

Good objective analysis I think they could pull it off just not in one go, now seems like a good time to slowly drip feed capital but pre announcing this doesn't make sense. maybe it's a good old double bluff

@cryptobobby You have received a 100% upvote from @steemconductor because this post did not use any bidbots and you have not used bidbots in the last 30 days!

Upvoting this comment will help keep this service running.

What probable is going on is Russia already bought a little bitcoin (much less then 21 bil though) and now they're trying to pump the price.