Russian Government's Stance Towards Bitcoin:
Regulation and Control: Russia has implemented regulations to control the use of Bitcoin, prohibiting its use as a means of payment but allowing its purchase and trading.
Legalization of Mining: Starting in November 2024, cryptocurrency mining will be completely legal in Russia.
Interest in Economic Integration: The Russian government has shown interest in integrating Bitcoin into its economy, especially for international transactions.
Experimental Regime: An experimental regime has been approved to allow cross-border transactions with cryptocurrencies
Cryptoruble:
Purpose and Control: The Cryptoruble is a national cryptocurrency controlled by the Russian government, designed to be a digital equivalent of the ruble.
Sanctions Evasion: Facilitates international transactions without depending on the traditional financial system.
Regulation and Use: Its circulation is strictly controlled by the government, without allowing private mining.
Bitcoin Price Future
Bitcoin price predictions vary, but here are some estimates for the next few years:
2024: Bitcoin price is expected to range between $54,766 and $72,1484.
2025: Predictions suggest the price could reach between $78,602 and $250,0735.
These predictions are based on technical analysis and market trends, but it is important to remember that the cryptocurrency market is highly volatile and can be subject to significant changes.
