Bitcoin Forum

The warfare between the US and a number of countries like China, Iran, Venezuela, North Korea, Cuba, Turkey, and Russia among others is ensuing, that has these nations going anti-dollar, creating their own national cryptocurrencies and backing out of the US-based SWIFT system. Meanwhile, Bitcoin and crypto adoption are on the rise.

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countries are aware that big decisions are approaching. this may be the name of the new cold war. crypto money, new balances, block technology. Everyone is afraid of these concepts. but they do not want to stay out of the system.

Its interesting to see how crypto and blockchain has transforming the world. Venezuela's Maduro has his own Petro, Russia Crypto Rubble and now Iran has also make a U-turn and said that they will accept crypto, but the main reason is that they are exploring their own government back crypto and the reason behind - to get away with US led trade bans. I hope that US will not blame everything on crypto though, as countries is using it as a safe haven against them.

The confrontation between the US and these countries leads to the development and growth of the crypto currency. This, in principle, pretty good. As for Russia, they still do not have any cryptorubles. Earlier only talk about the use of this type of centralized crypto currency was going, but this remains at the level of conversations. The Russian government now probably does not know what to do. On the one hand, in opposition to the US and international sanctions, they need to create their own crypto currency. On the other hand, they do not even want to do it there, so as not to interest their citizens with crypto currency. Let's see what laws in Russia will be adopted in relation to the crypto currency this fall. It seems to me that for the citizens of Russia these laws will not do anything good.

It's an interesting scenario. The United States always tries to impose itself and end up being the main reference today with the dollar, maybe that changes with the time. I see Bitcoin being used as a ballast for fiduciary coins, this can happen also with precious metals, it would again bring real value for money.

As for me, the digital currency has many benefits compared to the standard dollar currency and we need to transfer to the use of this new currency. To my mind, it is better to use it now