Putin: Who can stop Bitcoin? No one.

[ancafe]

So I guess Putin already admitted that they might be stacking Bitcoin to circumvent the ban on them because of the continue war with Ukraine.

And with that, whether we like it or not, Bitcoin is going to be used in this kind of situations and probably there will be hate coming because of Putin's statement. But regardless, I see the price pumping to $98k in the last couple of hours.

If the bitcoin reserve is realized by Trump then maybe this will be something different and it seems they are starting to realize that the dollar is getting weaker with some things that are starting to develop, especially BRICS starting to try to open up wider influence for some countries so the US needs to prepare strategic steps to protect the dollar. Related to some of the support that was deliberately campaigned by Tramp and maybe he started to consider some important aspects when he was elected and the strategy that was implemented might work well for now.

Geopolitics may affect many policies so leaders must have preventive measures. Apart from this we see the momentum of bitcoin which is again showing a significant increase and the moment is now being realized faster bitcoin is at a new ATH and this is very amazing for us to see.

[Lucius]

~snip~
And with that, whether we like it or not, Bitcoin is going to be used in this kind of situations and probably there will be hate coming because of Putin's statement. But regardless, I see the price pumping to $98k in the last couple of hours.

An even bigger tragedy than those who think Mr. Donald is responsible for the bull run is the one in which someone even goes so far as to speculate that the reason BTC broke $100k is because some psychopath said something about BTC on TV. An international warrant has been issued for a man for war crimes, and you are fascinated by what he thinks about BTC?

For those who think that no one can stop BTC, my advice is to wake up from the illusion they are living in - a global ban on all major CEXs at any point in the future would cause the price to drop by at least 80%. Of course they can't literally kill BTC, but they can make it unavailable and illegal at any time.

[pooya87]

I'm sure his technical advisors will let him know how wrong he is and that, with the increasing centralization of hashrate in the USA, it will be very easy to blacklist transactions at the mining level and even if this blacklisted coins finds their way to the block, no one in the right mind will want them as they will be marked forever.

If that happens, then Bitcoin would not be any better than a centralized shitcoin which means it would soon crash in price, lose hashrate, start getting 51% attacked and eventually disappear.

But it is not going to happen because the hashrate may be high in the US but it is not high enough to call it "centralized", in addition you are forgetting that it is far easier to mine bitcoin in other countries than it is in the US. For example Russia has one of the largest natural resources and one of the cheapest electricity rates in the world.
With the way that crazy man is advertising Bitcoin in the US, it may not be long before other countries get involved. I rue the day Chinese government rethinks its regulations regarding Bitcoin. That would be the day we all learn what "centralized mining" really means

[Botnake]

For those who think that no one can stop BTC, my advice is to wake up from the illusion they are living in - a global ban on all major CEXs at any point in the future would cause the price to drop by at least 80%. Of course they can't literally kill BTC, but they can make it unavailable and illegal at any time.

This is a scenario I don’t think will happen in the future. The approval of an ETF by the SEC has opened doors for major investors and is seen as a statement that the government has fully embraced crypto. So, I don’t think they’ll even consider banning centralized exchanges (CEX) now that they’ve regulated things well.

We might be delusional if we think no one can stop Bitcoin at its bullish pace because history has shown that after every bull run, there’s always a correction. That’s the reality we should wake up to, this market isn’t one-sided.

[freedomgo]

If they seriously join the conversation about making Bitcoin a national reserve, then that’s when his statement might start to seem real. The U.S. knows the dollar’s influence has weakened, and they’re reportedly considering Bitcoin as part of their national reserve. There was even news suggesting they might sell a portion of their gold reserves to speed up Bitcoin acquisition, aiming for 5% of the total market supply. If this happens, it would be a monumental shift in how nations view and adopt Bitcoin.

All of that is just Senator Lummis' call to Congress, the proposal to sell gold or use bitcoin as a national reserve has not yet become an official proposal for consideration.

Yes, that was just a plan, but who knows? It might become a reality in the future, especially seeing how stable Bitcoin is now. As proof, we can look at big investors, like MicroStrategy and other companies, heavily investing in Bitcoin. When major companies take risks on Bitcoin’s future, it’s likely that others will follow their lead.

Also, the US accumulating and turning bitcoin into a national reserve has nothing to do with the USD and will not make the USD stronger, it is just a strategy to diversify national reserves. They will focus on protecting USD dominance because USD strength is their strength. I don't think they will abandon USD and choose bitcoin as an alternative, that will never happen.

I’m not saying it will make the USD stronger, but if it does weaken, at least they have a solid reserve that could potentially support their economy. They might not remain the most dominant in the future, but they will still be one of the strongest countries for sure.

[Lucius]

For those who think that no one can stop BTC, my advice is to wake up from the illusion they are living in - a global ban on all major CEXs at any point in the future would cause the price to drop by at least 80%. Of course they can't literally kill BTC, but they can make it unavailable and illegal at any time.

This is a scenario I don’t think will happen in the future. The approval of an ETF by the SEC has opened doors for major investors and is seen as a statement that the government has fully embraced crypto. So, I don’t think they’ll even consider banning centralized exchanges (CEX) now that they’ve regulated things well.

Crypto maybe, but not Bitcoin in the sense that most people think of it. What Mr. Donald will do with all his promises remains to be seen, but it is far from the fact that any relevant politician will ever side with BTC in relation to the US dollar. This is about approving trading via ETFs, not about any full acceptance in the sense that they think BTC is better than the dollar or gold.

We might be delusional if we think no one can stop Bitcoin at its bullish pace because history has shown that after every bull run, there’s always a correction. That’s the reality we should wake up to, this market isn’t one-sided.

Who knows if there will be a correction this time? Because if the same thing happens like every time, how would those who advocate the idea of ​​BTC as a strategic reserve justify their plan? It will be strange if that happens - because if someone invests $10 billion in BTC and then in 2 years it only has $5 billion in value, that will be hard to explain to those whose money they invested.

[MeGold666]

Most of the exchanges have delisted Monero, so it's an ongoing fight for the Monero community to establish new P2P markets, centralized and decentralized.

There is currently Haveno-reto (RetoSwap), and that's about it for now. As well as a handful of exchanges who still have Monero listed, and Bisq.

Of course no government will help them in this regard.

True but also you don't need Monero to be listed on CeX in order to use CeX as an off-ramp for your Monero, you can just use proxy:

https://bitcointalk.org/index.php?topic=5511533

This method will cease to work if you delist every cryptocurrency that can be exchanged with Monero outside centralized exchanges, whether through atomic swaps or peer-to-peer trades on decentralized exchanges. In the end, people can even exchange seed words, meaning it's not even recorded on the blockchain.

Essentially, you would have to delist Bitcoin and every other major project.

Governments will likely aim to control Bitcoin and other projects at the mining level by forcing mining companies to comply with their blacklists. This is why privacy at the protocol level and genuine decentralization are so important.

For this reason, Monero will always hold greater value than Bitcoin - not necessarily in terms of fiat currency, but in terms of the censorship resistance and privacy it provides.

[shield132]

It's funny how people don't realize what this means. Putin's statement means that Bitcoin is going to change the fate of economics and trading significantly. Bitcoin is too big to ban, it's also an online currency, it's impossible to ban things online because it's easy to bypass restrictions. Russia will start investing in Bitcoin and so will the USA because it can't afford to lose online battle. After Russia and the USA, Europe will be forced to buy if they want to be in the game of leader countries.
Things are only getting interesting but I wonder what happens with other altcoins, like Monero. Monero offers superior stealth compared to any currency. The USA might manage to ban some transactions but it will be impossible to ban Monero transactions. Will Putin play with Monero too?

[BlackBoss_]

It's funny how people don't realize what this means. Putin's statement means that Bitcoin is going to change the fate of economics and trading significantly. Bitcoin is too big to ban, it's also an online currency, it's impossible to ban things online because it's easy to bypass restrictions. Russia will start investing in Bitcoin and so will the USA because it can't afford to lose online battle.

Putin want to be hero and he wants Russia to lead it, not the USA, but it's like other things, he will fail like how he failed with his plan to quickly invade and conquer Ukraine. Russia lack of enough resources and power to succeed in the war and in his attempt to pioneer in Bitcoin industry, he will not succeed too. I imagine that Putin can make an order to kick off a mining industry in Russia, own by their national federation.

Bhutan succeded with their Bitcoin mining and Russia with abundant oil, can do it too, if Putin want.

After Russia and the USA, Europe will be forced to buy if they want to be in the game of leader countries.

They will do things that they see beneficial for their countries. In anything, there are pioneers and others are late comers to follow successful strategies of pioneers.

[Z-tight]

Don't we all know this on this forum, we know BTC is decentralized and that there is no central authority in control, we don't need Putin or any president to tell us the obvious. I don't know what their plans are with BTC and i don't care too much, because there is freedom in the BTC network and any institution can accumulate BTC when they want.

However, it could give them 'power' to manipulate the price of BTC, but it still does not give them control and their manipulation cannot last so long.

[cabron]

He once discussed the use of blockchain before this statement. Putin must have learned a lot about Bitcoin since he has been trying to control it over and over in the past and still failed.

But this is why global trade will resort to cryptocurrency because this is where both poles may be able to agree. The West wouldn't trust the mBridge payment system and the East has had enough of the sanctions.

[Minor Miner]

But this is why global trade will resort to cryptocurrency because this is where both poles may be able to agree. The West wouldn't trust the mBridge payment system and the East has had enough of the sanctions.

If they use Bitcoin to replace USD in international trade and circumvent sanctions, I don't think the US will like it.


We need to know that Trump is sympathetic to Bitcoin and intends to make it a reserve asset. He has no intention of turning it into a payment method and encouraging the world to use it to replace the USD. So if other countries are thinking of using bitcoin just to reduce their dependence on USD then this will not be good for bitcoin as it may become a target of the US government.

I guess Putin is referring to using bitcoin to evade sanctions or reduce reliance on the USD if tensions between the two countries increase, but I don't think this would be good for bitcoin.

[kryptqnick]

Honestly, when a war criminal and one of the main disruptors of global peace mentions Bitcoin, it's nothing good. In fact, due to guilt by association, it can encourage people to oppose Bitcoin if they hate putin. I wouldn't want Russia to actively engage with BTC, as that can lead to more severe crypto regulations by democratic countries. And, on another note, the USD is not and will not be getting weaker, there's no evidence to support that claim.

[TravelMug]

Honestly, when a war criminal and one of the main disruptors of global peace mentions Bitcoin, it's nothing good. In fact, due to guilt by association, it can encourage people to oppose Bitcoin if they hate putin. I wouldn't want Russia to actively engage with BTC, as that can lead to more severe crypto regulations by democratic countries. And, on another note, the USD is not and will not be getting weaker, there's no evidence to support that claim.

We are all talking about Bitcoin here, not about the person himself. For me, it just shows that everyone specially this year, regardless of your personally, knows that Bitcoin is already a financial disruptor.

And that's why in the beginning, governments and bank institutions are against it. But it can't be stop as what he said, and we already know that. That's why in this bull run and now that we hit that $100k, Bitcoin is going to take the center spot again.

For the USD dollar weakening, we should understand where's he is coming from, and we can say that BRICS is anti-dollar.

[Aanuoluwatofunmi]

Bitcoin is unstoppable inasmuch as it is decentralized, for get about what other people may be saying concerning it, either positive or negative, once we have the understanding of what we have in bitcoin, know about it network, then we may not be so moved by what other people are saying either to support or go against it, we are investing in bitcoin and there is a massive increase in its adoption not because of what the people are saying about it, if it were to be that, many would have given up already, but we have an understanding to why we must go for it and the benefits we stand to enjoy.

[Accardo]

I guess Putin is referring to using bitcoin to evade sanctions or reduce reliance on the USD if tensions between the two countries increase, but I don't think this would be good for bitcoin.

That's more reason Putin made that statement, because he must have thought it all through with his team of tech guys and understood that nothing would be considered “not good" for bitcoin. Though the government is powerful, but Putin has given it a second thought and didn't figure out how they can attack bitcoin easily, then aired it out.  The only sad story can be about other nations turning against Bitcoin because their leaders now fight over it or use it to evade sanctions. A lot more negativity may surround the currency, yet it's not affecting the coin.

[Strongkored]

After this statement, what steps did he take? I think this is much more important than statements, especially from a politician who only focuses on his own interests.
And is anyone surprised by a statement like that? because as members of this forum, we already know that even when countries still banned the use of Bitcoin, there will be a chance that he will do the same when the situation is different from now.

[GeorgeJohn]

Bitcoin is already 100k so the only thing that will make bitcoin to decrease in value is the determinant of the market so the negative information come affect a Bitcoin increment can also make Bitcoin neither to depreciate or to increase, but the thing that I don't understand from people that much is the people who give reference of Bitcoin increment based on a country because I know very well that one country cannot enforce Bitcoin to decrease based on what's they have in mind towards Bitcoin because Bitcoin will stand even though your own country restricted Bitcoin other countries will also embrace Bitcoin and that has been my confidence to say that bitcoin is here to stand as a Nobody can make Bitcoin not to be relevant

[Abiky]

Anyone heard the latest stance of Putin as far as Bitcoin goes?

Given that the share of the United States in the global economy is decreasing, the influence of US Dollar on global economic process is also diminishing. So the emergence of alternative tools is a natural process.

Take Bitcoin for example, who can ban it? No one.

So I guess Putin already admitted that they might be stacking Bitcoin to circumvent the ban on them because of the continue war with Ukraine.

And with that, whether we like it or not, Bitcoin is going to be used in this kind of situations and probably there will be hate coming because of Putin's statement. But regardless, I see the price pumping to $98k in the last couple of hours.

It's about time. Of course, Putin can't deny Bitcoin is unstoppable. He sees potential in it. Especially when BTC's decentralized nature serves as a way to circumvent/bypass sanctions. It would be stupid enough to ignore it. I believe Russia will add BTC to its reserves soon. Same way as it's been stockpiling Gold. Now China's Xi Jinping needs to speak publicly in favor of Bitcoin, and Fiat's death (particularly the USD) will be certain.

Slowly but surely, countries are recognizing BTC's true benefits. I wonder what haters (Jamie Dimon, Warren Buffett, Elizabeth Warren) have to say about this? I'm sure they will eventually recognize Bitcoin as well. Exciting times for long-time BTC holders. I'd suggest you keep "hodling" as the best is yet to come.

[reljjh]

He is lying. It is easy for a dictatorship to destroy cryptocurrencies. Most people know that the Chinese Communist Party has GFW, but few people know that they have stronger means than GFW, the whitelist mode.

Now let's count how many times he in particular had banned Bitcoin and then in-banned it, the banned again and unbanned again.

Putin knows he's powerless against Bitcoin. Everyone is. No one person can gain privileged access into the system.

Yeah, it's a cycle of a gov that doesn't know what to do with something they can't control.
The only question is when would they stop to see the potential for BTC.
 

I mean, banning all crypto networks is technically possible, although it will cost something, like all private networks will be paralyzed, but for a dictatorship, it is not a big deal. Putin, as a war criminal, KGB head and China's ally, of course knows this, so he lied for some purpose. And most people in this forum are so convinced that cryptocurrencies are unbreakable, just because they live in the free world of democratic countries.