Bitcoin under threat from the digital Ruble!


Thu 07 Mar 2024 ▪ 3 min reading ▪ by Eddy S.

A time bomb has just been dropped by a leading Russian economist, threatening to collapse Bitcoin. According to Alexander Razuvaev, the advent of the digital Ruble could spell the end of the main cryptocurrency. This shattering prediction is causing a stir within the investment community, raising deep questions about the future of the queen of crypto.

Bitcoin Digital Ruble

The inevitable fall of Bitcoin announced by a Russian economist

Alexander Razuvaev, an influential member of the Guild of Financial Analysts and Risk Managers, bluntly predicts that “Bitcoin will plummet.”

According to him, despite a probable surge in prices in the short term, unpredictable events will occur “after April”, most certainly in reference to the next Bitcoin halving.

However, unlike short-lived pyramid schemes, Razuvaev believes that Bitcoin will not “die completely.” On the contrary, it would become a simple “marginal phenomenon”, dethroned by the advent of official CBDCs.

The digital Ruble, spearhead of the new financial era

The Russian economist highlights the digital Ruble as the centerpiece of this imminent financial upheaval. According to Razuvaev, the deployment of CBDCs like the digital Ruble would mark the advent of a “better world” for investors, supplanting decentralized cryptocurrencies.

Additionally, he points out that Western sanctions against Russia are accelerating the adoption of the digital Ruble. This challenges the dominance of the US dollar on the global financial scene.

A merciless struggle for monetary supremacy

At the heart of this confrontation is a titanic battle for the domination of digital currencies. CBDCs, such as the Digital Ruble, represent a control tool for governments and central banks, allowing them to monitor and regulate financial flows.

In contrast, Bitcoin embodies financial freedom and resistance to state interference. This currency war raises fundamental questions about the very nature of money and challenges established paradigms.

According to Razuvaev's alarming predictions, Bitcoin seems doomed to sink into oblivion, thrown into the abyss by the meteoric rise of CBDCs. However, this gloomy vision raises many questions about the ability of state digital currencies to replicate the intrinsic advantages of Bitcoin. In this disrupted financial arena, investors will need to exercise extreme caution, carefully evaluating risks and opportunities. The outcome of this titanic battle will inevitably redefine the rules of the global monetary game. Will Bitcoin manage to resist this existential threat or will it be relegated to the dustbin of financial history?

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Eddie S. avatarEddie S. avatar
Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.

DISCLAIMER

The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.

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