According to a Russian Economist, Vladislav Ginko, some big companies and wealthy individuals have just bought $8.6 billion worth of bitcoin.
Dated on April 2, 2019, check out the excerpt below...
According to Ginko, Russia’s pivot towards Bitcoin is due to mounting sanctions by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The Kremlin economist, says Russian oligarchs are stockpiling BTC to ensure continued oil and gas deals even when OFAC bans the use of U.S. dollars by Russian oil companies.
OTHERS SAY RUSSIAN GOV’T BUYING BTC MAKES NO SENSE
Ginko is no stranger to making bold claims about Russian involvement in BTC. Earlier in the year, Ginko’s comments about the Kremlin looking to make a $10 billion investment in Bitcoin caused quite a stir.
In the wake of Ginko’s earlier statements, many experts reacted calling the statements ludicrous. As reported by Bitcoinist at the time, one senior government official also denied the rumors, saying the government buying bitcoin is “unlikely in the next 30 years.”
This time around, Ginko who is a member of the Russian Presidential Academy of National Economy and Public Administration (RANEPA), clarified that the government currently has no part in the BTC investment.
BITCOIN PRICE $2 MILLION BY END OF 2019
Ginko also believes that the weight of Russia’s BTC involvement will push Bitcoin price to stratospheric heights before the end of 2019. According to Ginko, BTC will top $2 million by the end of 2019.
Read entire article at https://bitcoinist.com/russia-bitcoin-kremlin-economist/