Yesterday, the Russian Finance Minister stated that Russia is conducting international trade using Bitcoin. This is because, after modifying relevant laws, Russia can use Bitcoin to counteract sanctions from Western countries. He believes that cryptocurrency helps to 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 United States, secretly buying Bitcoin.
As the days draw closer to Trump running for president of the United States again, some American states have already begun to attempt to incorporate Bitcoin into their state financial reserve strategies.
