Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions

Russia is moving away from United States based financial assets. Last year, they dumped nearly $100 billion in Treasurys.

They moved this money into gold and Chinese Yuan.

In an effort to further avoid the onerous sanctions from the United States, Russia is preparing to buy $10 billion in Bitcoin as a way around them. This will help to offset the fall of the Ruble due to the move by the U.S.

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