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As some may already know, Russia was recently cut off from SWIFT with some marginal processing options left available for necessary oil and gas imports by the EU. What this basically means is that Brussels literally showed Moscow it's Achilles' heel and then said "please don't strike here". But throughout history, even at the heights of the cold war, Moscow never once cut off gas supplies to Europe and as expected didn't do so now either, but due to the SWIFT blockade Russia has no reason to use Euros or Dollars anymore and just recently announced that the EU can still buy gas and oil from Russia, but only for payment in Rubles. The value jumped immensely after that announcement.
German chancellor Scholz was not too pleased with the newly established rule by Moscow, he claims "There are fixed contracts, which specify that payments must be made in euros or dollars....And that's what counts." Meaning Germany was counting on Russia using the SWIFT or possibly other EU special instruments or lifelines to still send Euros to Russia even after they cut them off from their banking system and broke I don't know how many agreements with Moscow up to now. So Russia kindly declined and said Rubles it shall be.
But now whispers emerge that Russia will accept for payment as well. If this implies that the EU may also pay in Bitcoin it will be since they are one of the main importers of Russian oil and gas. But there are reports going around that "non-friendly countries" will still have to pay Moscow in Rubles and only friendly states can opt to pay for oil and gas in Bitcoin.There are also claims it may be used beyond just oil and gas
But then again this was just an announcement of what could theoretically be possible and what Russia would be open to, so it's also possible the entire thing may not happen at all in practice, especially if we stop and think about where the bulk of the gas goes beyond the so called "non friendly" nations, it's mainly Turkey and China and last time I checked, neither of the two were too exited about crypto. But if it actually does happen, Bitcoin and Bitcoin only will have proven itself as a safe haven yet again.
Funny how times change no? Just 3 years ago we had crypto projects making announcements of business partnerships and our beloved mr Sun making announcements of announcements, and now we have actual nations using Bitcoin and announcing to be using it for bilateral trade. But nevertheless I must stress that no matter what may or may not happen, that you should get ready for some Bitcoin slandering at levels not seen before since it's inception and that we are all "Putin's agents" unless we dump out stack??
