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The Bitcoin community has been thrilled by claims that Russia could soon extinguish billions in Bitcoins to protect its national wealth from US sanctions.
The speculation about Moscow's plans to become a major investor of cryptocurrencies has hopes that 2019 will be the year when Bitcoin will recover from its disastrous collapse in value.
However, both Russia and the encrypted world are known to be full of smoke and mirrors, so there is no way of knowing if Putin is really thinking of becoming a mega-investor of Bitcoin.
The rumors began on the back of an article on an Australian cryptocurrency website called Micky, who spoke to a Russian economist and cryptocurrency expert who predicted his country would start investing in Bitcoin.
"US sanctions can only be mitigated through the use of Bitcoin", says Russian.
"Because of US sanctions, the Russian elite is forced to unload US assets and US dollars and invest heavily in Bitcoin.
"The Russian central bank has 466 billion dollars in reserves and must diversify if there are limited possibilities to do so in the future".
Of course, this is not a guarantee of iron that Russia will really start to invest in Bitcoin.
But if you pump billions into the virtual market, you can expect the price to rise quickly and dramatically.
Last year it was sad for Bitcoin. At the end of 2017, a coin was worth $ 20,000, but now it is worth just over $ 3,600.
And the voices of Russia could not lift Bitcoin out of his shambles of despair. which suffered a sharp slowdown of 10%.
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