Just a rumor for now but if it comes true the BTC bear market is over.

Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions
Zero Hedge Mon, 01/14/2019 - 14:28

@flexbit Sounds like that is why the price pumped this morning...

@KingWm Yes, could be. - Over on the bird site the news is causing a skeptical echo. One argument: why would they announce it in advance? My thought: why shouldn't they? Maybe the price jumps somewhat but they would still be the first nation state to officially invest in Bitcoin and plenty of copy cats would line up behind Russia driving the price up even further.

@flexbit I agree. Plus, they probably already started, or may even have already completed...

@KingWm Well, it seems the Telegraph has relied on a fake source in its article. - Some nation state will step ahead eventually.

@flexbit @KingWm always be super cautious with news from Russia or China, journalists are clueless about them, heavily biased and just throw a loosy translation in the mix and...

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