Russia Explores Bitcoin Reserve as Global Interest in Cryptocurrency Grows

Proposals from Russian lawmakers and U.S. President-elect Trump signal a shift toward national cryptocurrency reserves amid financial and geopolitical tensions.

Russian State Duma deputy Anton Tkachev has proposed creating a strategic Bitcoin reserve, citing limited access to traditional payment systems due to sanctions.
President Vladimir Putin has endorsed Bitcoin as a potential global reserve asset, describing it as an 'unstoppable technology' in the face of Western financial restrictions.
President-elect Donald Trump has pledged to establish a U.S. national Bitcoin reserve, halting federal sales of confiscated Bitcoin and proposing legislation to acquire up to 1 million Bitcoins over five years.
Critics, including former Treasury Secretary Larry Summers, have called such initiatives risky and politically motivated, warning of potential economic consequences for taxpayers and the U.S. dollar.
Analysts predict that increasing national adoption of Bitcoin, including potential moves by countries like Argentina, could drive its valuation higher, with Bitcoin currently trading near $100,000.