Bitcoin soon as BRICS reserve currency? The next bull run is on the horizon – Coincierge.de

Russia is already banking on cryptocurrency mining

Russia has already taken concrete steps to position itself in the field of cryptocurrency mining and take advantage of the potential of this emerging industry. In particular, the Central Bank of Russia created specialized organizations dedicated only to the mining of cryptocurrencies.

Russia’s decision to step up its cryptocurrency mining activities is part of a larger plan to encourage the use of cryptocurrencies for international payments. However, Elvira Nabiullina, the head of the Central Bank of Russia, emphasized that cryptocurrencies are intended primarily for international transactions, and not for domestic trade.

This Russian strategic focus on cryptocurrency mining raises interesting speculation about Bitcoin’s possible future role as the reserve currency of the BRICS countries. It seems that Russia sees Bitcoin as a promising cryptocurrency capable of playing an important role in the global financial system.

There are several reasons why Russia is turning to cryptocurrency mining. One of them is the availability of cheap energy. Russia is one of the largest energy producers in the world and has low electricity prices. This makes cryptocurrency mining more cost effective and attractive for businesses.

In addition, Russia’s geographical proximity to China, the main producer of cryptocurrency mining hardware, provides another advantage. Direct rail links between the two countries mean that mining equipment can be delivered quickly and cheaply. This close connection with China allows Russian miners to benefit from the technological expertise and production capabilities of the leading player in the industry.

RUSSIAN 🇷🇺 MINERS A MINING
Almost $4 Billion worth
CRYPTO & BITCOIN EVERY YEAR.

As we push Crypto Out

COUNTRIES like China & Russia
TAKING FULL ADVANTAGE OF IT
LOCATION & ATTRACTIVE
ALL CAPITAL FROM USA

THIS DOES NOT END WELL FOR WEST

— Ash Crypto (@Ashcryptoreal) June 16, 2023

The combination of cheap electricity prices, geographical proximity to major manufacturing centers, and support from the Central Bank of Russia creates a favorable environment for cryptocurrency mining in the country. This is attracting companies from the industry and helping Russia become a significant player in the global cryptocurrency mining market.

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It is worth noting that Russia is not the only country that is increasingly betting on cryptocurrency mining. Other countries like Kazakhstan, Canada and the Gulf States have also stepped up their efforts to take advantage of the benefits of cryptocurrency mining.

BREAKING 🚨 RUSSIA #BITCOIN

Russia 🇷🇺 eyes legal crypto mining by 2024 . pic.twitter.com/P2BOwItJaB

— BITCOINLFG® (@bitcoinlfgo) June 18, 2023

The United States of America is making efforts to protect its economic interests

With the growing debate about BRICS’ potential use of Bitcoin as an alternative reserve currency, the United States is stepping up efforts to protect its economic interests and maintain the supremacy of the US dollar. Bank of America argued particularly strongly for the superiority of the US dollar and emphasized that no other currency can compare with it.

The US recognizes that there could be a loss of leverage in switching from the US dollar as a reserve currency. The BRICS countries, mainly China and Russia, are strong emerging economies and could play a significant role in shaping the global financial system. The US sees this development as a challenge that must be overcome.

In order to protect its economic interests, the USA has taken various measures. For one, they are relying on diplomatic efforts to encourage their allies and partners to continue supporting the US dollar as their preferred reserve currency. They emphasize the stability, liquidity and global acceptance of the dollar.

In addition, the United States wants to strengthen its economic ties and expand its sphere of influence. This is reflected in increased trade agreements and alliances with other countries, especially in economically important regions such as Asia and Europe. By expanding these trade ties and promoting the dollar as the preferred trading currency, the US seeks to consolidate its economic dominance.

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Another approach by the United States is to take regulatory action to control and monitor the use of cryptocurrencies. This is to limit potential challenges to the US dollar from digital currencies. The US government has already taken steps to increase regulation of cryptocurrencies and more closely monitor trading in them.

This new crypto project will benefit from further large scale adoption of bitcoin

The new crypto project, Wall Street Memes and its $WSM token, is poised to benefit from large-scale Bitcoin adoption. The close connection between Wall Street memes, $WSM and the Bitcoin network looks good for the future and gives investors a unique opportunity for early exposure.

With the steady growth and increased acceptance of bitcoin as a digital currency, new opportunities are opening up for crypto projects like Wall Street Memes and its $WSM token. As part of the crypto ecosystem, Wall Street Memes can take advantage of Bitcoin’s widespread adoption at scale. Bitcoin acts as an enabler for the success of cryptocurrencies, creating trust and interest among institutional investors and the general public.

With the ongoing PreSale, Wall Street Memes gives investors the opportunity to get involved in the project early and benefit from the growing adoption of Bitcoin. During the presale, investors can buy $WSM tokens at discounted prices, which will benefit if the coin benefits from additional Bitcoin adoption and increases in value. This PreSale is an attractive investment opportunity to position yourself early in a promising crypto project.

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The connection between Wall Street memes and the bitcoin community is a key factor in the potential of the project. By integrating Bitcoin and creating synergies with the network, $WSM becomes an interesting option for Bitcoin investors. The project capitalizes on the growing interest in Bitcoin and creates additional attention and demand for $WSM.

introducing $WSM – yes, we’re gone and done.
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50% of the # sign provision up for grabs in the #Presale and 30% set aside to reward our community.🔥

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— Wall Street Memes (@wallstmemes) May 27, 2023

In addition, as a crypto project, Wall Street Memes is recognized for its close collaboration with the Wall Street Bets community. This community has established itself as an influential player in the financial space and is renowned for its discussions and trading recommendations. The collaboration between Wall Street Memes, Wall Street Bets and the Bitcoin network creates a strong foundation for further adoption and growth of $WSM.