Bitcoin has risen to $100000 mainly due to the support of both Putin and Trump. How could the things they support together, one representing the United States and the other representing all anti American forces, not rise?

Putin gave a speech and talked about Bitcoin. Although the topic was about the economy, when talking about Russia’s economy, we cannot ignore Russia’s politics.

So Putin started talking about special military operations, saying that the West has imposed tens of thousands of sanctions on Russia and even frozen Russia’s foreign exchange reserves.

These reserves are approximately $300 billion, and the G7 has even begun planning to use these funds to assist Ukraine. Russia protested for half a day, but to no avail.

In November of this year, the UK provided Ukraine with a loan of $3 billion using profits generated from frozen Russian assets.

Putin said that confiscating Russia’s foreign exchange reserves, although detrimental to the reputation of the US dollar, is even more detrimental to the central banks of various countries that use the US dollar as their primary reserve asset.

After all, if foreign exchange reserves are frozen, how can sovereignty have any security? Since sovereignty lacks security, under the US led economic order, countries, like natural persons, face great risks in terms of funds. So the question arises: since natural persons can engage in cryptocurrency, why can’t sovereign countries?

It can be done, it can be done completely. What’s wrong with turning to cryptocurrency as an alternative to the US dollar. Bitcoin is good.

In addition to Bitcoin, Putin also stated that there must be alternative options for future electronic payment systems.

Russia is excluded from the SWIFT financial information system dominated by the US dollar, so it cannot be blamed for creating an international payment system on its own. Putin has previously called for the BRICS countries to establish an alternative payment system.

Russia, as a gesture of respect, originally banned the use of cryptocurrency. I never expected the West to be shameless to this extent. Now that you are unkind, don’t blame me for being unjust. Russia’s Jiuhua has launched a digital ruble, and in addition, plans to introduce a bill to officially turn cryptocurrency into a form of legal property, and then introduce a comprehensive legal framework for cooperation.

Since the outbreak of the conflict, Russia, which has suffered tens of thousands of sanctions, has regarded Western copyright as non-existent, and all scientific research materials can be found publicly on Russian websites. Now Russia wants to regard Western financial systems as non-existent. Anyway, in the existing system, there are no benefits to be gained. If you agree, you can only get disadvantages. Lifting the table can also bring additional benefits. At this point, the only choice left is to lift the table.

A digital currency built on blockchain technology, which can be said to be decentralized, but the trading center is the new center, and the specifications are another type of centralization. One type of centralization does not benefit, so starting a new center is Putin’s goal.

Trump also supports Bitcoin because although the Republican Party can control Congress, the Supreme Court, and the presidency, they cannot control the Federal Reserve.

Trump’s reform agenda cannot be blocked by the Federal Reserve. At this moment, Trump and Putin are standing on the same front. Although Putin opposes the US dollar, Trump only opposes the Federal Reserve. However, the US dollar is issued by the Federal Reserve, so there is no difference in opposing the Federal Reserve together.

As for our attitude, we have nothing to say, neither support nor oppose it. We can use it ourselves. If the Federal Reserve has any objections, hold back and don’t say anything.

We are building a US dollar sovereign bond in Saudi Arabia, exchanging the excess US dollars for third world countries to directly exchange their products, eliminating the need for intermediaries to make profits. As for the US dollars we take back, we can directly use them to pay for US products and send back the US dollars issued worldwide.

We are not against the Federal Reserve, nor are we against the United States. We just don’t like middlemen profiting from price differentials, nor do we like to be harvested. As for Putin’s speculation on currency, Trump also wants to speculate on currency. They can do whatever they want, and the US dollar will rise as much as they like.

We just need to stand firm in the world financial order, as for whether the financial order is based on the US dollar or something else, we don’t care.