#Siluanov Anton Germanovich

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Vladimir Putin held a meeting on monetary policy issues. January 29, 2016

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Silk Road Briefing / Nachrichten von der Seidenstrasse: BRICS

Silk Road Briefing / Nachrichten von der Seidenstrasse: BRICS BRICS Expansion of the BRICS New Development Bank / Erweiterung der Neuen BRICS-Entwicklungsbank The BRICS New Development Bank (NDB) held its eighth annual meeting in Shanghai, with Russian Finance Minister Anton Siluanov outlining its development plans. Die Neue Entwicklungsbank von BRICS hielt ihr achtes Jahrestreffen in…

[boome11]

Anton Tkachev, a State Duma deputy from the “New People” party, has formally proposed the establishment of a Strategic Bitcoin Reserve (SBR). Tkachev submitted an appeal to the Russian Minister of Finance, Anton Siluanov, advocating for the creation of a Bitcoin reserve analogous to the country’s existing reserves in traditional currencies. The proposal has been obtained and disclosed by the Russian state-owned news agency, RIA Novosti. Will Russia Build A Strategic Bitcoin Reserve First? The appeal explicitly requests, “I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic reserve of Bitcoin in Russia by analogy with state reserves in traditional currencies. If this initiative is approved, I ask you to submit it to the Government of the Russian Federation for further implementation,” according to the document made available to RIA Novosti. Tkachev’s proposal underscores the vulnerabilities associated with traditional foreign exchange reserves amid ongoing geopolitical instability. He highlights that reserves denominated in the yuan, US dollars, and euros are increasingly susceptible to volatility, sanctions, and inflationary pressures, which collectively pose a threat to Russia’s financial stability. Addressing these challenges, the document advocates for the integration of Bitcoin as alternative instruments for reserve storage, emphasizing their independence from individual national economies. “In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade. The Central Bank of Russia is already preparing to launch an experiment in cross-border settlements in cryptocurrency,” the proposal states. The document further elaborates on the economic benefits, noting that Bitcoin has demonstrated substantial returns compared to other investment assets. As of December 2024, Bitcoin’s valuation reached $100,000, positioning it not only as a cost-saving mechanism but also as a lucrative investment opportunity. This dual advantage is presented by Tkachev as a compelling reason for Russia to diversify its reserve holdings to include Bitcoin. Tkachev’s proposal comes after several nations are contemplating or actively developing a SBR. Countries such as the United States, Brazil, and Poland have shown interest in similar endeavors. The United States, President-elect Donald Trump, has revealed plans to establish a strategic Bitcoin reserve during his election campaign, a move that may have influenced Russian policymakers. Notably, the proposal comes on the heels of a recent supportive statement from Russian President Vladimir Putin. Just last week, Putin asserted ”Who can ban Bitcoin? Nobody. And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies. And no matter what happens to the dollar, these tools will develop one way or another, because everyone will strive to reduce costs and increase reliability.” Earlier in the year, Putin also signed legislation legalizing Bitcoin and crypto mining within Russia, signaling a clear governmental endorsement of digital currencies. However, if Tkachev’s proposal can gain traction, remains to be seen. Tkachev is a notable political figure in Russia, serving as the First Deputy Chairman of the State Duma’s Committee on Information Policy, Information Technologies, and Communications. His recent activities include proposing that Russian businesses increase their use of Bitcoin and other cryptocurrencies to circumvent Western sanctions. Moreover, Tkachev was involved in the regulation and legalization of industrial crypto mining in Russia. At press time, BTC traded at $97,286. BTC recovers above $97,000, 1-day chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com https://bitcoinist.com/wp-content/uploads/2024/12/DALL·E-2024-12-10-07.25.57-A-vivid-image-depicting-a-large-shiny-Bitcoin-in-the-foreground-superimposed-on-a-background-of-the-Russian-flag-which-features-horizontal-stripes-.webp 2024-12-10 07:00:07

[jacobhinkley]

Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar.

In a recent statement, Dotcom said:

“Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.”

Value of the US Dollar

The value of cash and any other form of money depends on their ability to operate as a medium of exchange. If the US dollar, for instance, can be used to purchase properties and services, it has monetary value.

As former Goldman Sachs CEO Lloyd Blankfein stated, fiat money like the US dollar is valuable because under the control of central authorities, people are forced to use cash as the main method of payment. In a way, the value of fiat money is directly attributable to the control a state has over its financial system, and a decline in authority could lead the value of the currency to drop substantially.

Most recently, the lira, the national currency of Turkey, experienced a 50 percent drop in its price against the US dollar triggered by the imposition of tariffs on the Turkish economy by the US government.

To prevent the devaluation of the lira, financial authorities of Turkey immediately implemented strict capital controls to prevent its currency leaving the region and being liquidated for other foreign reserve currencies.

For a major economy like the US, such a drastic situation may never occur. However, Dotcom emphasized that the increasing debt of the US economy, which currently hovers at around $845,000 per family, could lead to a massive devaluation of the US dollar in the long-term.

“The average total debt per family in the US is now at 845000 USD. The average unfunded liability in the US is now at 938000 USD per taxpayer. Anyone who thinks US debt can be solved with economic growth, new debt or printing more dollars is an idiot. US Empire will default,” Dotcom said, citing the statement of Russia’s Finance Minister.

Earlier this year, Anton Germanovich Siluanov, the Minister of Finance of Russia, said that the government significantly reduced its investment in US assets, as it has become a risky tool for payments.

Crypto Versus Gold

Since its creation in 2009, Bitcoin, the most dominant cryptocurrency in the global market, has been described as gold 2.0, or a better version of the traditional asset.

For decades, due to the physical characteris of gold and the ability of central authorities to confiscate the holdings of people stored in the precious metal, experts have criticized the fungibility and transportability of the asset.

In contrast, cryptocurrencies like Bitcoin and Ether, the native cryptocurrency of Ethereum, are liquid, easily interchangeable, and transportable, and possess all of the characters that allow it to function as a better store of value and a medium of exchange than gold.

The post Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor appeared first on NewsBTC.

Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor published first on https://medium.com/@smartoptions

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Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar.

In a recent statement, Dotcom said:

“Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.”

Value of the US Dollar

The value of cash and any other form of money depends on their ability to operate as a medium of exchange. If the US dollar, for instance, can be used to purchase properties and services, it has monetary value.

As former Goldman Sachs CEO Lloyd Blankfein stated, fiat money like the US dollar is valuable because under the control of central authorities, people are forced to use cash as the main method of payment. In a way, the value of fiat money is directly attributable to the control a state has over its financial system, and a decline in authority could lead the value of the currency to drop substantially.

Most recently, the lira, the national currency of Turkey, experienced a 50 percent drop in its price against the US dollar triggered by the imposition of tariffs on the Turkish economy by the US government.

To prevent the devaluation of the lira, financial authorities of Turkey immediately implemented strict capital controls to prevent its currency leaving the region and being liquidated for other foreign reserve currencies.

For a major economy like the US, such a drastic situation may never occur. However, Dotcom emphasized that the increasing debt of the US economy, which currently hovers at around $845,000 per family, could lead to a massive devaluation of the US dollar in the long-term.

“The average total debt per family in the US is now at 845000 USD. The average unfunded liability in the US is now at 938000 USD per taxpayer. Anyone who thinks US debt can be solved with economic growth, new debt or printing more dollars is an idiot. US Empire will default,” Dotcom said, citing the statement of Russia’s Finance Minister.

Earlier this year, Anton Germanovich Siluanov, the Minister of Finance of Russia, said that the government significantly reduced its investment in US assets, as it has become a risky tool for payments.

Crypto Versus Gold

Since its creation in 2009, Bitcoin, the most dominant cryptocurrency in the global market, has been described as gold 2.0, or a better version of the traditional asset.

For decades, due to the physical characteris of gold and the ability of central authorities to confiscate the holdings of people stored in the precious metal, experts have criticized the fungibility and transportability of the asset.

In contrast, cryptocurrencies like Bitcoin and Ether, the native cryptocurrency of Ethereum, are liquid, easily interchangeable, and transportable, and possess all of the characters that allow it to function as a better store of value and a medium of exchange than gold.

The post Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor appeared first on NewsBTC.

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[joshuajacksonlyblog]

Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar.

In a recent statement, Dotcom said:

“Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.”

Value of the US Dollar

The value of cash and any other form of money depends on their ability to operate as a medium of exchange. If the US dollar, for instance, can be used to purchase properties and services, it has monetary value.

As former Goldman Sachs CEO Lloyd Blankfein stated, fiat money like the US dollar is valuable because under the control of central authorities, people are forced to use cash as the main method of payment. In a way, the value of fiat money is directly attributable to the control a state has over its financial system, and a decline in authority could lead the value of the currency to drop substantially.

Most recently, the lira, the national currency of Turkey, experienced a 50 percent drop in its price against the US dollar triggered by the imposition of tariffs on the Turkish economy by the US government.

To prevent the devaluation of the lira, financial authorities of Turkey immediately implemented strict capital controls to prevent its currency leaving the region and being liquidated for other foreign reserve currencies.

For a major economy like the US, such a drastic situation may never occur. However, Dotcom emphasized that the increasing debt of the US economy, which currently hovers at around $845,000 per family, could lead to a massive devaluation of the US dollar in the long-term.

“The average total debt per family in the US is now at 845000 USD. The average unfunded liability in the US is now at 938000 USD per taxpayer. Anyone who thinks US debt can be solved with economic growth, new debt or printing more dollars is an idiot. US Empire will default,” Dotcom said, citing the statement of Russia’s Finance Minister.

Earlier this year, Anton Germanovich Siluanov, the Minister of Finance of Russia, said that the government significantly reduced its investment in US assets, as it has become a risky tool for payments.

Crypto Versus Gold

Since its creation in 2009, Bitcoin, the most dominant cryptocurrency in the global market, has been described as gold 2.0, or a better version of the traditional asset.

For decades, due to the physical characteris of gold and the ability of central authorities to confiscate the holdings of people stored in the precious metal, experts have criticized the fungibility and transportability of the asset.

In contrast, cryptocurrencies like Bitcoin and Ether, the native cryptocurrency of Ethereum, are liquid, easily interchangeable, and transportable, and possess all of the characters that allow it to function as a better store of value and a medium of exchange than gold.

The post Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor appeared first on NewsBTC.

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[michaelbennettcrypto]

Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar.

In a recent statement, Dotcom said:

“Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.”

Value of the US Dollar

The value of cash and any other form of money depends on their ability to operate as a medium of exchange. If the US dollar, for instance, can be used to purchase properties and services, it has monetary value.

As former Goldman Sachs CEO Lloyd Blankfein stated, fiat money like the US dollar is valuable because under the control of central authorities, people are forced to use cash as the main method of payment. In a way, the value of fiat money is directly attributable to the control a state has over its financial system, and a decline in authority could lead the value of the currency to drop substantially.

Most recently, the lira, the national currency of Turkey, experienced a 50 percent drop in its price against the US dollar triggered by the imposition of tariffs on the Turkish economy by the US government.

To prevent the devaluation of the lira, financial authorities of Turkey immediately implemented strict capital controls to prevent its currency leaving the region and being liquidated for other foreign reserve currencies.

For a major economy like the US, such a drastic situation may never occur. However, Dotcom emphasized that the increasing debt of the US economy, which currently hovers at around $845,000 per family, could lead to a massive devaluation of the US dollar in the long-term.

“The average total debt per family in the US is now at 845000 USD. The average unfunded liability in the US is now at 938000 USD per taxpayer. Anyone who thinks US debt can be solved with economic growth, new debt or printing more dollars is an idiot. US Empire will default,” Dotcom said, citing the statement of Russia’s Finance Minister.

Earlier this year, Anton Germanovich Siluanov, the Minister of Finance of Russia, said that the government significantly reduced its investment in US assets, as it has become a risky tool for payments.

Crypto Versus Gold

Since its creation in 2009, Bitcoin, the most dominant cryptocurrency in the global market, has been described as gold 2.0, or a better version of the traditional asset.

For decades, due to the physical characteris of gold and the ability of central authorities to confiscate the holdings of people stored in the precious metal, experts have criticized the fungibility and transportability of the asset.

In contrast, cryptocurrencies like Bitcoin and Ether, the native cryptocurrency of Ethereum, are liquid, easily interchangeable, and transportable, and possess all of the characters that allow it to function as a better store of value and a medium of exchange than gold.

The post Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor appeared first on NewsBTC.

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[linabrigette]

Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar.

In a recent statement, Dotcom said:

“Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.”

Value of the US Dollar

The value of cash and any other form of money depends on their ability to operate as a medium of exchange. If the US dollar, for instance, can be used to purchase properties and services, it has monetary value.

As former Goldman Sachs CEO Lloyd Blankfein stated, fiat money like the US dollar is valuable because under the control of central authorities, people are forced to use cash as the main method of payment. In a way, the value of fiat money is directly attributable to the control a state has over its financial system, and a decline in authority could lead the value of the currency to drop substantially.

Most recently, the lira, the national currency of Turkey, experienced a 50 percent drop in its price against the US dollar triggered by the imposition of tariffs on the Turkish economy by the US government.

To prevent the devaluation of the lira, financial authorities of Turkey immediately implemented strict capital controls to prevent its currency leaving the region and being liquidated for other foreign reserve currencies.

For a major economy like the US, such a drastic situation may never occur. However, Dotcom emphasized that the increasing debt of the US economy, which currently hovers at around $845,000 per family, could lead to a massive devaluation of the US dollar in the long-term.

“The average total debt per family in the US is now at 845000 USD. The average unfunded liability in the US is now at 938000 USD per taxpayer. Anyone who thinks US debt can be solved with economic growth, new debt or printing more dollars is an idiot. US Empire will default,” Dotcom said, citing the statement of Russia’s Finance Minister.

Earlier this year, Anton Germanovich Siluanov, the Minister of Finance of Russia, said that the government significantly reduced its investment in US assets, as it has become a risky tool for payments.

Crypto Versus Gold

Since its creation in 2009, Bitcoin, the most dominant cryptocurrency in the global market, has been described as gold 2.0, or a better version of the traditional asset.

For decades, due to the physical characteris of gold and the ability of central authorities to confiscate the holdings of people stored in the precious metal, experts have criticized the fungibility and transportability of the asset.

In contrast, cryptocurrencies like Bitcoin and Ether, the native cryptocurrency of Ethereum, are liquid, easily interchangeable, and transportable, and possess all of the characters that allow it to function as a better store of value and a medium of exchange than gold.

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