#BecomeCreator Putin says that Bitcoin is inevitable and supports BTC over the US dollar as a global reserve currency
The support of Russian President Vladimir Putin for Bitcoin marks a strategic shift in Russia's economic policy, where cryptocurrencies play a crucial role in circumventing Western sanctions.
Putin made these statements at the Investment Forum held in Moscow on December 4, where he defended the use of Bitcoin as a global reserve asset against the US dollar.
He criticized the US government for using the dominance of the dollar to promote its political agendas by controlling who can use its currency.
Putin highlighted the 300 billion dollars in Russian reserves frozen by Western nations after the war in Ukraine began in 2022.
He added that this has led many countries to turn to alternatives that are safe from such control, like Bitcoin.