Bitcoin Dynamics: Russia's Foreign Trade Utilization, American States Incorporate Reserves, What Lies Behind the Price Surge? 🔥🔥

1. The Russian Finance Minister stated that after amending relevant laws, Russia is using Bitcoin for international trade to counter Western sanctions, believing that cryptocurrencies can reduce risks associated with sanctions, inflation, and currency volatility.

2. This year, Russia has allowed the use of cryptocurrencies in foreign trade and has legalized Bitcoin mining.

3. The recent surge in Bitcoin prices may be due to purchases by sanctioned countries such as Russia and Iran.

4. As the date for Trump's presidential campaign approaches, some U.S. states have begun experimenting with incorporating Bitcoin into their state financial reserve strategies.

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