The Russian prime minister has claimed that Russians collectively hold more 10 trillion rubles($130b) in cryptocurrencies like bitcoin. Lots of Russians probably bought bitcoin when it seemed like the ruble was going to nosedive due to the expected sanctions at the early phases of the war while some are buying cryptocurrencies to be able to get money out of the country
Note: This is a claim
Source:
https://cointelegraph.com/news/russians-collectively-hold-130b-in-crypto-prime-minister-saysThese days if any government wants to go against the powers and regulations of USA, then they need to have a heavy investment in bitcoins so that they can survive without the dollars. As more and more countries will realize this, they will invest more in bitcoin, and eventually, the bitcoin will go much higher and the dollar will become weaker. This may take some time, a decade maybe, but this will happen for sure.