The United States advocates for cryptocurrencies, while Russia's use of Bitcoin for trade settlement is an unresolvable conspiracy.
Russia's use of Bitcoin for international payments is an unresolvable conspiracy. Behind this seemingly helpless method is Russia's unresolvable counteraction against U.S. containment.
The U.S. does not recognize Bitcoin or can perform similar freezing operations, which means that the so-called security of virtual currencies is a falsehood. If the U.S. turns a blind eye to Russia's use of Bitcoin for settlements, its financial encirclement actions will be deemed a failure. So, what will the U.S. do now?
First of all, from the perspective of national governance, allowing something that cannot be controlled in terms of issuance, exchange rates, and regulation to rampage in one's own country is a disaster for any country. But why does a country like the United States favor Bitcoin so much? This is closely related to the U.S. debt crisis.
In the 2024 U.S. election, both Trump and Harris expressed their support for Bitcoin, promoting 'Make Bitcoin Great Again.' After winning, Trump continued to support Bitcoin in public, which pushed Bitcoin's market value above $100,000. It is worth noting that Trump's close partner, Musk, is a player in virtual currencies and has a deep connection with Dogecoin. However, for people around the world, the so-called technological genius Satoshi Nakamoto remains a mystery. Many speculate that this Satoshi Nakamoto might be a fictional character created by the Federal Reserve, and that the true developer of Bitcoin is the Federal Reserve.
The reason behind the Federal Reserve's grand strategy is precisely to hope to develop new financial harvesting models through Bitcoin to further resolve the U.S. debt crisis. In the face of this uncontrollable financial model, our country has long stipulated that financial institutions cannot provide services related to Bitcoin trading since 2013. Subsequently, in 2017, our country officially banned domestic Bitcoin exchanges and prohibited initial coin offerings. However, strangely, under the influence of Western capital, cryptocurrencies entered a super bull market. What followed were frequent flash crashes and surges of Bitcoin, as well as a major cleanup in the cryptocurrency circle.
It should be noted that when a large sovereign nation wants to control the cryptocurrency market, it needs to obtain the operational rights of mainstream cryptocurrency exchanges. By controlling cryptocurrency exchanges, it can obtain user identity information and know who holds a large amount of cryptocurrency.
Thus, in the past 2024, the co-founder of the cryptocurrency exchange MakerDAO mysteriously drowned. Before his death, he expressed on social media that he felt he was being targeted by the CIA and might be in trouble. Ultimately, he did die, and his parents did not suspect anything or pursue any responsibility, simply stating that his death was unrelated to the tweet and claiming he was mentally unstable.
A little later, the co-founder of the cryptocurrency trading platform Amber Group, Tiantian Kullander, also mysteriously died in his sleep. TT's family made no accusations, stating it was an accident. Subsequently, the founder of the Libertex trading platform, Russian billionaire Vyacheslav Taran, died in a helicopter crash.
Moreover, Binance's founder Zhao Changpeng was arrested and fined billions of dollars. FTX's founder Sam Bankman-Fried was also sentenced to 25 years for securities fraud and money laundering, facing a $10 billion fine.
To put it bluntly, the current United States has begun to openly seize in order to resolve the U.S. debt crisis. Controlling all global cryptocurrency trading markets is equivalent to having a Federal Reserve for the cryptocurrency sector. Although it cannot produce Bitcoin, it can easily manipulate the market and harvest like the dollar.
Another major issue is that the emergence of cryptocurrencies has posed a significant challenge to U.S. financial hegemony. In the current scenario where the dollar is the world currency, it is difficult for various financial institutions globally to escape U.S. control over capital flows. Therefore, when some countries and organizations are found to provide goods or conduct transactions with sanctioned countries, the U.S. will directly freeze assets and impose further sanctions. Thus, for a long time, countries like North Korea and Iran have had to use dollars for trade or purchases through cash transactions or third-party proxies, all in an effort to bypass U.S. regulation.
Now that cryptocurrencies have emerged, a new underground market free from U.S. financial system control has appeared in the world. The sources and destinations of huge funds have become untraceable. Consequently, after the emergence of cryptocurrencies, various countries have discovered that some individuals are using the cryptocurrency market for large-scale money laundering and asset transfer operations. Therefore, any slightly larger country has closed its doors to cryptocurrencies. For the United States, with cryptocurrencies, many countries and organizations that are sanctioned by the U.S. can conduct normal trade through the cryptocurrency market, which diminishes the financial deterrent of the dollar and further reduces its market share.
For the dollar, continuously allowing it to circulate globally and becoming the pricing currency for commodities is the core competitiveness of the dollar. However, after several rounds of tidal harvesting, many countries have suffered from the dollar for a long time. Some anti-U.S. countries explicitly prohibit dollar-denominated transactions, while many countries, although not openly stated, have quietly shifted towards local currency settlements. The de-dollarization trend has been intensifying, and with the emergence of the cryptocurrency market, the dollar's hegemony is in jeopardy.
Therefore, the United States sees both the threat and opportunity posed by cryptocurrencies. If the U.S. can further control the cryptocurrency market, it will be equivalent to adding a new method of harvesting cryptocurrencies on top of the existing dollar tidal harvesting. On the other hand, as the U.S. controls the cryptocurrency market, the dollar can further find value support, preventing continuous depreciation.
Therefore, the purpose of the U.S. carrying out a series of operations in 2024, both openly and covertly, is to gain control over the cryptocurrency market. They have also pushed the prices of Bitcoin and other virtual currencies to unprecedented heights.
Overall, there are three core reasons why the United States wants to control the cryptocurrency market: the first is to further maintain its financial hegemony, the second is to find value support for the dollar through the cryptocurrency market, and the third is to exploit the disorder of the cryptocurrency market for crude financial harvesting.
Russia has seen the current intentions of the United States, and now Russia is bypassing the traditional financial system to trade in Bitcoin, directly slapping the U.S. in the face. The United States and other Western countries have always emphasized that cryptocurrency is a currency of 'equality for all,' as cryptocurrencies cannot be stolen and the holders' information is completely invisible. However, this assertion is flawed.
After all, any cryptocurrency ultimately needs the dollar, euro, or renminbi as a value anchor. For example, a Bitcoin is currently worth about $100,000, and some institutions predict that by 2025, Bitcoin will soar to $250,000. In such a terrifying market, if Bitcoin experiences a massive flash crash, large holders of Bitcoin will reap billions of dollars in a short time. Xiao Wu believes this is also the core reason why the United States wants to control the cryptocurrency trading market: it does not want capital and groups outside of the U.S. to know the specific details of the harvesting. They could even falsify Bitcoin quantities through cryptocurrency exchanges to facilitate their harvesting.
Thus, if Russia can successfully conduct trade settlements using cryptocurrencies, then Russia can completely bypass the dollar for normal trade. Therefore, this conspiracy would be detrimental to the U.S. regardless of how they respond.
If Russia can successfully conduct trade settlements, then Russia can completely use Bitcoin and other cryptocurrencies to bypass the dollar for normal trade. So this conspiracy, regardless of whether the U.S. accepts it, would be very unfavorable for the U.S.
The above content is not my personal opinion, but for communication, learning reference, and entertainment.
#BTC重返10万 #加密市场反弹 $BTC $ETH $BNB
