By the end of the fourth hyperwave, analysts had counted over 200 predictions about the collapse of Bitcoin. It didn’t happen and it won’t ever. This time, the future of Bitcoin is guaranteed by no other than – Russian President Vladimir Putin!

On Jan. 20, the Central Bank of Russia (CBR) issued a report summarizing its position on digital assets and proposing a ban on any crypto trading and mining operations in the country. Thus, they themselves joined a large group of examples of bureaucratic insanity, to the great joy of all the zealous ‘prophets’ of Bitcoin collapse. But then something miraculous happened…

A bureaucratic branch of government has appeared in Russia with preserved common sense! On Jan. 25th, Ivan Chebeskov, head of the Department of Financial Policy within the Finance Ministry, stated that the Finance Ministry’s position is one of regulation, not prohibition, of digital assets. Moreover, he mentioned that the agency had already prepared its own regulatory framework and is currently waiting for the government’s feedback.

Feedback arrived on January 27th from the very top: The President of the Russian Federation, Vladimir Vladimirovich Putin, stated that a surplus of electricity and well-trained personnel give Russia a “competitive advantage” in crypto mining. Speaking at the video conference with members of the Russian government, he called on the country’s central bank to meet with his government in the near future so that they might come to a consensus on the use of crypto.

It goes without saying that this is spectacular news. It contains many positive hints that are a precursor to the new rise of Bitcoin. The first is quite clear and means that there will be no attempt to ban it.

Another, no less clear and important hint indicates that cryptocurrency miners will be met on condition that they pay proper taxes. The Russian Federation is currently ranked third among World’s largest bitcoin miners. Imagine how much encouragement there will be for everyone who mines around the world, knowing that in the largest country in the world they have a safe haven and cheap energy for mining!

The third hint may not be as clear as the previous two, but it is more important than both: A friendly stance on cryptocurrency mining suggests that at some point Russia could – just like El Salvador – engage in mining itself, creating strategic reserves in Bitcoin.

And now imagine how much the value of Bitcoin could soar when all countries get involved in the race for decentralized cryptocurrencies. All you need is patience.

We will leave the end of this text open to good news. Our Max Kaiser’s (@keiserreport) predictions are coming true that at some point all countries will necessarily get involved in mining, because no one will want to use their scams, while our Ben Swan (@benswann) points to the International Monetary Fund crisis caused by the growing acceptance of Bitcoin:

As usual, get used to a world without dollars by following the relationship between past and present measures of true value: gold and Bitcoin: