Russia to buy $10 billion Bitcoin

Russia has stated that it intends to ditch US bond holdings and instead buy $10 billion worth of Bitcoin to compensate. This is most likely to hedge against any kind of future sanctions that the US might impose on Russia for election meddling or other things. Russia has also called NEO and had a discussion which the subject is not known. But the speculation that Russia may support NEO has sent NEO prices up as well. This may pave the way for an eventual Bitcoin bullrun as a $10 billion purchase on the OTC market may dry up the supply and force people to buy from the exchange.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: