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RE: Russia´s Billions Could Trigger Bitcoin Bull Run Next Month

in #bitcoin6 years ago

My personal speculation is: it just hyping the issue. It may even true that they already mining bitcoin and other cryptos, and that they are in the process of developing its own crypto assets.

By makings news like these, the bitcoin price tends to appreciate, if it falls, they can buy cheaper coins and raise the hashrate does mine more cryptos.
It is still in their favor.

A government is a different beast to handle, unpredictable and powerful.

What we need to do?
Keep your ordinary crypto behavior, DO NOT panic sell or buy in bulk just because of this news. Keep your pace normal. Either way, we are still heading to a bull market sooner or later.

Stay put.

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Thanks a lot for your comment @guruvaj