United

Bitcoin

Gold

<p>Russian President Vladimir Putin has expressed his optimism for the bright future of Bitcoin (BTC) and digital assets. Putin spoke earlier today and highlighted the notable developments in the <a href="https://coinpedia.org/beginners-guide/what-is-web-3-0/" target="_blank" rel="noreferrer noopener">web3 space</a>, which has the potential for future growth in the near term amid the escalating global geopolitical differences.</p>   
<p>The Russian president recently enacted a law to <a href="https://coinpedia.org/news/russias-new-crypto-tax-bill-what-miners-and-traders-need-to-know/" target="_blank" rel="noreferrer noopener">enforce cryptocurrency taxes</a> of between 13 to 15 percent. However, the Russian government exempted the crypto miners from value-added tax on mined coins.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/bitcoinnewscom/status/1864313687244222859?s=46 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-the-role-of-bitcoin-and-digital-assets-in-global-geopolitics-nbsp-nbsp">The Role of Bitcoin and Digital Assets in Global Geopolitics&nbsp;&nbsp;</h2>   
<p>The mainstream <a href="https://coinpedia.org/news/metaplanet-stock-soars-after-securing-bitcoin-magazine-japan-for-bitcoin-adoption/" target="_blank" rel="noreferrer noopener">adoption of Bitcoin by institutional investors</a> and now nation-states has significantly propelled the underlying bullish sentiment. Bitcoin remains a neutral actor in global finance, despite the U.S. dollar being used to sideline some nations.</p>   
<p>The United States has been moving towards the adoption of <a href="https://coinpedia.org/news/strategic-bitcoin-btc-reserve-in-the-united-states-is-imminent-dennis-porter-says/" target="_blank" rel="noreferrer noopener">Bitcoin as a strategic reserve</a> to fight its ballooning national debt of more than $36 trillion. On the other hand, the BRICS movement has gradually adopted Bitcoin to accelerate the ongoing de-dollarization.&nbsp;</p>   [post_titles_links postid="389098"]   
<p>Furthermore, several Chinese companies have already added Bitcoin as a strategic reserve asset following the <a href="https://coinpedia.org/news/hong-kongs-new-spot-bitcoin-and-ethereum-etfs-1st-week-analysis/" target="_blank" rel="noreferrer noopener">approval of spot BTC ETFs in Hong Kong</a> earlier this year. Additionally, Russia previously signaled to accepting Bitcoin as a form of payment, especially in the oil business to navigate the existing sanctions by the United States.</p>   
<p>As a result, the cryptocurrency market cap is expected to grow exponentially over the years to surpass that of Gold and silver combined.</p>

Bitcoin News: Putin Declares ‘Nobody Can Ban Bitcoin’ Amid Rising Global Adoption

Table of Contents

CoinPedia News

Other articles published on Dec 4, 2024

Understanding the Current Economic Turmoil: A Brief Overview

Arbitrum One as the first layer-2 to reached $20 bilion in TVL

Justin Sun Drops $6.2M on Controversial Banana Art, Calls It a "Cultural Phenomenon"

South Korean Won strengthens, while XRP, BTC, and equities tank amid calls for the president to s...

BitTorrent Price Prediction 2025, 2026 – 2030: Will BTT Price Record 2X Surge This Year?

Will Bitcoin Exceed $100,000 Soon?

Join our free newsletter for daily crypto updates!