Yesterday, the Russian Finance Minister stated that Russia is conducting international trade using Bitcoin, as Russia can use Bitcoin to counter Western sanctions after amending relevant laws. He believes that cryptocurrency helps reduce the risks of sanctions, inflation, and currency fluctuations.
This year, Russia has already allowed the use of cryptocurrency in foreign trade and has taken measures to make Bitcoin mining legal.
The recent surge in Bitcoin's price may be related to countries like Russia and Iran, which are sanctioned by the U.S., secretly buying Bitcoin.
As the date for Trump’s reelection campaign for President of the United States approaches, some U.S. states have already begun to try to incorporate Bitcoin into their state financial reserve strategies.
