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The economist who claimed that Russia is buying $ 10 billion in BTC answers doubts about its credibility

The economist who claimed that Russia is buying $ 10 billion in BTC answers doubts about its credibility

Vladislav Ginko he recently spoke with Micky, an Australian news source, to tell more about his story of how Russia is going to buy $ 10 billion USD in BTC. He defended his credibility that the Russian movement has a strong correlation with what he said and that the allegations that his story was a fake report were not the truth.

He also stated on Twitter that nobody in the Russian government actually denied his information. However, most of the cryptic world was not very anxious to believe it.

The economist claims that the Kremlin would start buying crypts soon and that this is a move to diversify the country's reserves since the US Congress is ready to introduce a new sanction against Russia in February.

Ginko is well known for his … exaggerated predictions as to say that the Bitcoin will have a value of $ 2 million USD in 2019, which is simply almost impossible to believe taking into account the fluctuations in recent prices. He was also known to have tweeted in defense of Bernard Madoff, a well-known Ponzi scheme operator, who does not make it the most credible source of all time.

However, Vladislav Ginko claims to hold lectures at the Russian presidential academy for the national economy and public administration in Russia and that the Kremlin is very serious about the crypts in their plans.

According to him, the main reason for buying Bitcoin would be to move away from US sanctions and stop using SWIFT at the same time as Russia is "de-dollarized".

The claims of Ginko contradict Russia's position

What makes it really hard to trust Ginko is the fact that Russia is not at all enthusiastic about Bitcoin, actually. It has its own set of local cryptographic bans and a very confusing gray legislation. These are not the characteristics of a country that will spend a huge amount of money buying Bitcoin.

Despite this, Russia is slowly developing plans to regulate the encrypted market in the country, in order to support its development, something that the country has decided to postpone for too long.

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