Unless an entire population decides to stay away from bitcoin, each jurisdiction is incentivized to gain a stake in global hashrate, just as domestic miners vie for local hash power. On Russia’s end, this might be to mine new bitcoin for local wealth generation, secure an avenue for trade and also to protect the assets of its citizens, invested corporations and, in future, potentially, its national reserves.
Related posts
-
Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible
Bitcoin is at a crossroads after getting rejected at $62,000. Unsurprisingly, this has led to clashing... -
Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies... -
How Bitcoin Mining is Becoming a Sustainable Hub for BTC Adoption: GoMining Ecosystem Outlook
The Bitcoin mining industry has come a long way since the days when block rewards were...