Sooner or Later and the World will look for Alternative Savings and Transactions methods – Vladimir Putin
Russia president and the second most powerful person in the world according to Forbes Vladimir Putin, has given the Crypto currency communities green light on the world economies going toward the direction of alternative form of money.
Speaking before the VTB Capital (Russia Calling) investment forum in Moscow on Wednesday,
We don’t have a goal to shift away from the dollar, the dollar is moving away from us.
Those who are taking those decisions are not shooting their selves in the foot, but a bit higher, because the volatility of the dollar transactions is making many economies around the world want to find an alternative reserve currencies and create payment system that are not dependent on the dollar, it’s not just our problem; we see what’s going on in the world. Just look at other gold reserve countries are dwindling, including those closely alled to the state. Dollar assets are decreasing. Look at the reports, even among the largest holders of the dollar assets. This is the result of imposing sanctions, including connected with dollar. I think this realisation will come sooner or later and the world will look for alternative savings and transactions methods.
It should be on note that this is not the first time has Vladimir Putin has given his stand on the issue of crypto currency adoptions he did entertained questions from a Russian blogger in an Air platform know as “Direct line” when he was asked on his take on crypto currency and how it concerns Russia He remark;
“The relationship of the Central Bank of the Russian Federation to cryptocurrency [is that] it considers cryptocurrency neither a means of payment nor a store of value. Cryptocurrency is not backed by anything. One should treat it cautiously, carefully.”
Read Putin’s comments on alternatives use of paymet system, can we then say crypto is finally coming home?