November 7, 2014

Ruble Collapse Could Fuel Next Bitcoin Run

The Central Bank of Russia has gone to a de facto free float, as Ruble weakness overwhelmed its ability to effectively intervene. Now there are reports that Russia may ban the circulation of US dollars.

If this story is true, then wealthy Russians will need a way to convert Ruble holdings into US dollars. One of the easiest and least transparent channels would be to buy bitcoin and then convert those holdings into other fiat currencies. Read more.

Yahoo

Gerelateerd,
Ruble's Rocky Road: Freefloat worries Russians but it's good (video) - RT
Russische Roebel en Doema kunnen bitcoin op recordkoers brengen - Beurs.com

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