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Billionaire: Russia-Ukraine conflict is a big positive for Bitcoin

By WebsCryptoMarch 6, 20221 Min Read
Billionaire: Russia-Ukraine conflict is a big positive for Bitcoin
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Billionaire and Miller Value Partners founder Bill Miller spoke to CNBC on Wednesday about the prospect of cryptocurrencies amid the war between Russia and Ukraine. Bill Miller said that 16% of Russia’s $640 billion in reserves is in dollars and 32% in euros.

So almost 50% of their reserve currency is controlled by people who want to work against them. From a Russian point of view, this is not a good location. They own 22% of gold, the only part of their reserves that no other country can control.

So think, if you’re in a country that has a non-reserve currency, you might think, maybe we can have other assets that some countries can’t do us harm and are immune to inflation or mass production, so I think it’s Great news for Bitcoin.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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