Russia Preparing for a Total & Complete Crypto Ban

Russia Preparing for a Total & Complete Crypto Ban

breaking news Russia is preparing for a
total and complete crypto ban announced
earlier today if you hold crypto hit the
like button Bitcoin holders need to see
this the details are as follows Russia
will now enforce a strict ban on the
general circulation of crypto assets
such as Bitcoin allowing only digital
Financial assets within its jurisdiction
I.E Russia this initiative led by the
chairman of the state Duma committee on
the financial markets is part of a
broader governmental effort to control
the crypto ecosystem amid Rising
geopolitical tensions Russia released
this statement in explanation stating
that the forthcoming legislation aims to
restrict non-russian crypto operations
to reinforce the rubles dominance
explaining digital Financial assets
issued in Russian jurisdiction and
digital rubles will be allowed the need
for a ban is due to the fact that today
cryptocurrency is a quasi currency that
replaces the ruble in the country but
only the Russian Ruble fulfills the
mission of the monetary unit so this
decision has been made this is so weird
that Putin would do this this is so
weird that Russia would ban Bitcoin and
cryptocurrency because when you look at
their history with Bitcoin not only do
they seem to like it Russia accepting
Bitcoin and crypto donations for their
war against Ukraine a number of
pro-russian groups have raised crypto
assets to the tune of 20 million to help
them fight Ukraine so they were using
Bitcoin and cryptocurrency for its
intended purpose but not only that Putin
has always demonstrated a mindset
massively ahead of Western leaders when
it comes to bitcoin listen to this 30
second clip a Russian citizen asks Putin
will Russia have its own cryptocurrency
and Putin seems to truly understand what
makes Bitcoin valuable for
I don’t think the news here is that
Russia is preparing for a total crypto
ban I don’t think the news here is that
Russia is going against Bitcoin because
they understand Bitcoin they use Bitcoin
I think the news here is that Putin is
going after the US dollar Putin wants to
strengthen the ruble as the US dollar
weakens and this is congruent with
exactly what he was talking about on
that recent Tucker Carlson interview
listen to the way he talks about the US
dollar keeping in mind what we know
today you know to use the dollar as a
tool of foreign policy struggle is one
of the biggest strategic mistakes made
by the US political
leadership nevertheless it is the main
weapon used by the United States to
preserve its power across the world as
soon as the political leadership decided
to use the US dollar as a tool of
political struggle
a blow was dealt to this American
power I would not like to use any strong
language but it is a stupid thing to do
and a grave mistake look at what is
going on in the world even the United
States allies are now downsizing their
dollar reserves seeing this everyone
starts looking for ways to protect
themselves but the fact that the United
States applies restrictive measures to
certain countries such as placing
restrictions on transaction
freezing assets Etc causes great concern
and sends a signal to the whole world I
mean look truth be told some people even
speculate that Putin created bitcoin to
destroy America I do think Putin wants
to one up America I don’t think Putin
created bitcoin but Putin’s always been
a fan of Bitcoin and people recognize
this you know who’s behind
Bitcoin
Putin it’s a rooky conspiracy to up
the American economy in the world it’s a
long range plan he started 78 years ago
he’s going to see the demise of the
Western Financial World while he’s still
the head of Russia and he’s already
hacked into the brains of all the
morons you so what’s the takeaway here
well in my opinion if you’ve been in
cryptocurrency for a long time like I
have we always used to see that China
fud China’s Banning Bitcoin every year
they did it and I think this Russian
news is in a very similar vein to that
tell me what you think of the Russia
Banning crypto news in the comments
below do you agree with me do you
disagree with me or do you agree with
Michael sailor that Bitcoin is still at
a point where everybody in the world
needs it nobody in the world can stop it
and almost nobody understands it 10
years ago it was Apple and Amazon today
it’s Bitcoin the best idea if you want
to make 10 extra money is you buy
something that everybody in the world
needs
nobody in the world can
stop and almost nobody understands
perfect okay so in 2010 that was
Amazon or that was Apple or that was
Facebook or Google these are all
dominant digital networks that everybody
in the world needed that nobody could
stop but if you’d ask the typical
mainstream investor is this a good
investment they would all say oh it’s
very scary it’s overvalued
Amazon doesn’t make
money you know uh mobile phones used to
cost
$50 you know it’s like am Apple’s going
to sell an iPhone for $600 it’s they
said it’s too expensive the iPhone $600
is too expensive no Kia will sell me one
for $30 they said Apple it’s going to go
to $30 and of course what happened is
Apple went to
$1,500 and so so the conventional wisdom
was against these big tech companies now
where one country falters another
country picks up the slack and shines
Bitcoin ETFs coming to Australia this
news was first broken by Bloomberg and
the info is as follows Australia gearing
up for major Bitcoin ETF rollouts in
2024 these are spot Bitcoin ETFs
Australia one of their largest and most
prominent Securities exchanges has just
revealed that they’re strongly
considering approving their first spot
Bitcoin ETFs by as soon as the end of
this year this happens in 2024 now even
bigger news ETF issuers some of the
biggest in the game are backing them
they have ETF issuers like beta shares
and vanac leading the charge for Bitcoin
ETF approvals in Australia these two
issuers in their corner at the very
start is a big deal now this is a
bullish metric and the same can be true
about the American market so consider
this Australia’s 2.3 trillion pension
sector could be a significant driver of
demand for these new ETFs so the pension
sector in the US as well as Australia as
well as almost any place with a spot
Bitcoin ETF this will create incredible
demand for Bitcoin and Michael sailor
here articulates why because of all this
Bitcoin is primed listen it’s the first
time in human history that we created a
commodity with a hard Supply
every money in history glass beads and
bales of tobacco and stone coins and
copper tokens and paper currency and
cigarettes and fiat currency all of
those things were uncapped every other
commodi soybeans and oil and natural gas
and gold and silver uncapped we can
create more of
them land Timber real estate you can
even extract Land from the sea you can
create more
Bitcoin is the one commodity that you
can buy and you can hold where it is
absolutely Capp 21 million so if the
price goes up by a factor of 100 the
supply is invariant there is no other
commodity where the supply is invariant
to the demand or to the price that makes
it perfect money it makes it the best
store of value Asset most other
Commodities are much worse if a
commodity has a stock to flow ratio of
one and you produce you know twice as
much you know the equivalent Supply
every year it’s not going to be good
money if the stock to flow is 50 it
might be better money if you only
inflate the supply by 2% a year like
gold but it’s still not great because
every 30 years you cut your money in
half if you inflate 2% a year so this
leap from the idea that there should be
a 2% inflation rate to the idea that
there should be a 0% inflation rate
that’s a profound idea also important to
note that Australia wants to launch
ethereum spot ETFs as well and this info
about Pension funds in the pension
sector totally true people don’t even
think about this people don’t even think
about the fact that a lot of ETF buyers
like wirehouses have yet to even come on
yet Kathy Wood talks about this in our
business what’s interesting is the
wirehouses which dominate our customers
so Morgan Stanley all the advisers at
these warehouses Morgan Stanley UBS
maril Lynch at BFA Well Fargo not one of
them has approved Bitcoin on its
platform that hasn’t even happened yet
and those are our primary clients when
that happens explosion the fact is
there’s a lot going on in cryptocurrency
right now overall I’m bullish I mean so
much is happening this is a good thing
there’s a lot of interest in crypto
right now people are embracing it people
are skeptical of it guys 2024 is shaping
up into a great year subscribe to the
channel join our team we keep you
informed on crypto on a daily basis feel
free to watch any of our videos from the
past 6 months all of these are chocked
full of information but my name is Aaron
see you tomorrow my friends

Russia banning crypto? What’s really going on?
Australia launching BTC & ETH ETFs!
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Timestamp:
0:00 – Russia Bans Crypto!?
1:11 – Is everything really as it seems?
2:33 – my thoughts
2:55 – Putin revealed his intentions during Tucker interview
4:06 – Putin created Bitcoin to destroy America??
4:44 – the takeaway
5:10 – Michael Saylor Makes Statement on Bitcoin
6:28 – Australia goes ALL IN on Bitcoin ETFs
7:45 – Bitcoin is PRIMED! – Michael Saylor
9:33 – Big things are happening!
10:19 – Final Thoughts!

**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin & Ethereum.

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