Russia seems to have found a shortcut to break through U.S. sanctions. Just recently, the Russian Finance Minister revealed that with changes in domestic legislation to respond to Western sanctions, Russia allows the use of cryptocurrency.
Moreover, Russian companies have already begun to boldly use Bitcoin and other digital currencies for international payments on the international trade stage.
Why has Bitcoin become Russia's 'currency'? The answer lies in the proactive adaptation of power to new technologies.
As a decentralized product that resists traditional power structures, Bitcoin is now being adopted by sovereign states and may be used for reserves, showcasing the adaptability of power.
For Russia, the economic blockade by the U.S. is like an insurmountable high wall. The U.S. can freely seize and freeze Russian assets, but the decentralized nature of Bitcoin makes it a powerful weapon for Putin to counter U.S. sanctions.
Since its inception, Bitcoin has been like a 'rival' to the government, sparking controversy worldwide.
It should be noted that the power of coinage is the most core right of any government. What Bitcoin challenges is this sacred and inviolable power held by governments, which destined it to be besieged by governments worldwide.
However, by the time the U.S. government realized the potential threat of Bitcoin, it had already taken root underground, with roots intertwined and incredibly strong.
To completely eliminate Bitcoin is not only extremely difficult but also requires enormous costs. Because Bitcoin does not have a centralized core, its decentralized nature makes it hard to control.
Dramatically, the U.S. never expected that the Bitcoin it once promoted would now become a powerful weapon for Russia's counterattack.
For a long time, the U.S. has tried to define Bitcoin as a commodity rather than currency. Because as long as Bitcoin is a commodity recognized worldwide, the Federal Reserve can perform 'mutual combat' with it.
With one hand, it floods the market with unlimited liquidity, forcing other countries to purchase assets to hedge and preserve value; with the other hand, it supports Bitcoin, telling the world 'buy with confidence, I endorse it.'
But the premise is that transactions must be conducted in U.S. dollars. In this way, the pricing and trading of Bitcoin remains within the dollar system, all still under the control of the Federal Reserve, while also alleviating domestic inflation pressure in the U.S.
However, Russia's 'first shot' in foreign trade settlement has bypassed the traditional system dominated by the U.S., indirectly providing strong evidence of a fact: the U.S. cannot fully control Bitcoin.
But how could the United States easily give up its position of world hegemony? As a major financial power, it has many means.
Monopolizing or frantically hyping Bitcoin to complete capital occupation is not difficult for the U.S. After all, in their imagination, if they can use Bitcoin to replace the dollar and continue to control the world, wouldn't that be a 'great thing'?
Human history is always full of similar cycles, especially when the financial and hegemony systems are on the verge of collapse. Rulers often resort to 'changing currency, telling stories' as a last struggle. Today's America is just like this.
This series of operations by the U.S. has actually played out multiple times in China's thousands of years of history.
Especially in the late dynasty, there was a practice called 'minting large coins.' Just like during the Xianfeng era, the Qing government faced internal and external troubles, lacking money to suppress the Taiping Heavenly Kingdom movement, yet could not openly plunder the wealth of the people.
Thus, starting from 1853, Emperor Xianfeng began minting various large coins. These large coins look grand and exquisite, with a face value of 'one thousand large coins' claiming to equal one thousand small coins, but in reality, their metal content is only equivalent to 38 small coins.
This means that the remaining 962 'large coins' have been indirectly plundered by Emperor Xianfeng. Such large money is a typical example of a worthless currency.
Now Trump is frantically hyping Bitcoin, and the logic behind it is the same. The price of Bitcoin has been driven up excessively, and the inflated value naturally lowers the real value of the currency.
Thus, the U.S. can not only erase U.S. debt out of thin air but also seemingly have arbitrary control over the Russian economy.
The ultimate goal of the United States is like taking out a piece of paper, writing '1 trillion dollars' on it, and then giving this paper as Bitcoin to creditors to repay its debts.
After all, the U.S. is deeply trapped in a debt quagmire, nearly losing the possibility of normal repayment. Take extreme measures?
It does not have the courage or ability to kill off all creditors; it has been trying to undermine Central Europe and then buy at the bottom, but the results have been poor.
It can be seen that there is nothing new under the sun; only greed has blinded some people's eyes, causing them to repeatedly make similar mistakes in the cycle of history.