{"id":58507,"date":"2022-03-03T19:50:15","date_gmt":"2022-03-03T17:50:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58507"},"modified":"2025-09-04T17:09:31","modified_gmt":"2025-09-04T14:09:31","slug":"bill-miller-calls-collapse-of-the-russian-rouble-a-bullish-signal-for-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bill-miller-calls-collapse-of-the-russian-rouble-a-bullish-signal-for-bitcoin\/","title":{"rendered":"Bill Miller calls collapse of the Russian rouble a &#8216;bullish signal&#8217; for Bitcoin"},"content":{"rendered":"<p>The sanctions imposed by the international community against Russia could trigger a rapid rise in Bitcoin&#8217;s price. Legendary investor and founder of Miller Value Partners Bill Miller said so in a CNBC interview.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">&#8220;They have almost 50% of their reserves in currencies that are controlled by people who want to do them harm\u2026they have 22% in gold that is the only part of their reserve that other countries can&#8217;t control,&#8221; says Bill Miller on Russia. &#8220;It&#8217;s very bullish for <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a>.&#8221; <a href=\\\"https:\/\/t.co\/zWihekfeyk\\\">pic.twitter.com\/zWihekfeyk<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\\\"https:\/\/twitter.com\/SquawkCNBC\/status\/1499019991018000388?ref_src=twsrc%5Etfw\\\">March 2, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Russia keeps 16% of its reserves, valued at about $640 billion, in dollars, 32% in euros. Almost 50% of its reserves are held in currencies controlled by people who want to harm it. From Russia&#8217;s point of view, this is not the best position,&#8221; Miller noted.<\/p>\n<\/blockquote>\n<p>The billionaire described the geopolitical situation as &#8220;unique&#8221; and stressed that this is an &#8220;extremely bullish signal&#8221; for Bitcoin. He explained that the Russian government could attempt to use digital gold as a reserve currency.<\/p>\n<p>Earlier, Jack Chervinsky, a lawyer specializing in the digital asset market, explained why cryptocurrencies will not help Russia circumvent U.S. sanctions.<\/p>\n<p>In the last 24 hours, Bitcoin fell by 4%, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\\\">CoinGecko<\/a>. At the time of writing, the asset was trading near $42,550.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"458\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-03-03_19-34-54-1024x458.png\\\" alt=\\\"\u0411\u0438\u043b\u043b \u041c\u0438\u043b\u043b\u0435\u0440 \u043d\u0430\u0437\u0432\u0430\u043b \u043a\u043e\u043b\u043b\u0430\u043f\u0441 \u0440\u043e\u0441\u0441\u0438\u0439\u0441\u043a\u043e\u0433\u043e \u0440\u0443\u0431\u043b\u044f \u00ab\u0431\u044b\u0447\u044c\u0438\u043c \u0441\u0438\u0433\u043d\u0430\u043b\u043e\u043c\u00bb \u0434\u043b\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\\\" class=\\\"wp-image-166879\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-03-03_19-34-54-1024x458.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-03-03_19-34-54-300x134.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-03-03_19-34-54-768x344.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-03-03_19-34-54-1536x688.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-03-03_19-34-54.png 1834w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Hourly BTC\/USDT chart on Binance. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\\\">TradingView<\/a>.\u00a0<br \/><\/figcaption><\/figure>\n<p>As Bloomberg reported, the administration of U.S. President Joe Biden urged cryptocurrency exchanges to obstruct sanctions evasion by Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sanctions imposed by the international community against Russia could trigger a rapid rise in Bitcoin&#8217;s price. Legendary investor and founder of Miller Value Partners Bill Miller said so in a CNBC interview.<\/p>\n","protected":false},"author":1,"featured_media":58508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1698,18,1138],"class_list":["post-58507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bill-miller","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58507"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58507\/revisions"}],"predecessor-version":[{"id":58509,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58507\/revisions\/58509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58508"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}