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Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value

Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value



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44 Comments

  1. Vladimir Putin plainly saying what people like Greg Foss have speculated on.

    When countries start pricing energy in bitcoin it’s going to change the game, yet again. Bitcoin is coming for everything.

  2. tldr; Russian President Vladimir Putin has said that cryptocurrency can be used in oil settlements in the future, but it’s too early to use it for trading in oil or other raw materials and energy sources. He added that the US is undermining the dollar by increasing sovereign debt and boosting inflation at home, while “making a big mistake” by using it as a sanctions tool abroad.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Do you not understand English?

    >It is legitimate and can be used in settlements, no doubt about that,
    but it is too early to use it for trading in oil or other raw materials
    and energy sources.

    He said it is TOO EARLY to be used for oil trade. That means it CANNOT be used for oil trade in his opinion. That is the time is not right.

    Your title is misleading and wrong.

  4. If one major oil producer comes out and start using BTC, wouldn’t that be a first nail in the coffin of USD. correct me if am wrong but IMHO US has been able to print so much money without worrying too much about inflation is because of USD as world reserve currency and that in turn is because of all countries exchange oil to USD

  5. It’s amazing because right now it currently trades in the dollar. If you’re not prepared, or planning the American dollar is going to TANK hard and fast if things start settling in crypto.

What do you think?

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