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The Ministry of Finance was offered to create a strategic reserve of bitcoins in Russia

The Ministry of Finance was offered to create a strategic reserve of bitcoins in Russia

HappyCoinNews2024/12/10 07:33
By: HappyCoinNews
BTC-0.52%

State Duma deputy Anton Tkachev sent an appeal to the head of the Russian Ministry of Finance Anton Siluanov with a proposal to create a strategic reserve of bitcoins in Russia.

In the document, the deputy noted that in conditions of geopolitical instability, traditional currency reserves, including yuan, US dollars and euros, are subject to volatility, prohibitive sanctions and inflation, which poses a threat to Russia's financial stability.

"I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic Bitcoin reserve in Russia by analogy with state reserves in traditional currencies. If this initiative is approved, I ask you to submit it to the government of the Russian Federation for further implementation," Tkachev wrote.

The deputy drew the minister's attention to the fact that over the past few years Bitcoin showed one of the highest returns among all investment assets:

In January 2020, its value was $10. Despite attempts to discredit and devalue the cryptocurrency, its value is steadily growing. In January 2022, it was worth about $40. In December 2024, its value was already $100. This makes Bitcoin not only a tool for preserving value, but also an opportunity to make significant profits.

The idea for the deputy was probably inspired by the statement of the elected US President Donald Trump about the possibility of creating an American state reserve in bitcoins, which he spoke about at the height of his election campaign. At that time, he promised to make the US the “crypto capital of the planet” and “ Bitcoin - the world's superpower." He later jokingly suggested paying off the country's national debt with cryptocurrency.

EN @happycoinnews
EN @happycoinnews_en
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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