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Will Russia replace reserve currency with Bitcoin? (Investment Week, 15 March 2019)

Mar 15, 2019

As we hear the recent rumours that Russia’s usual reserve currency, the US dollar, is to be replaced by Bitcoin, we can only assume the acquisition is both politically and financially stimulated.

Many believe it is an attempt to exhibit a move away from the reliance on the US dollar, regardless of Russia holding a record-high $462.1bn in reserve.

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