A leaked proposal to Russian Finance Minister Anton Siluanov on creating a strategic bitcoin reserve in Russia adds to speculation about an imminent bitcoin space race between the two global superpowers.
This, after President-elect Donald Trump pledged to establish his own Strategic bitcoin Reserve in the USeven suggesting part of the American debt”could be “compensated” with bitcoin.
The leaked proposal hints that Russia has its own reasons for entering the world of cryptocurrencies:
“In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming practically the only instrument for international trade.”
The Central Bank of Russia is already preparing to launch a cross-border cryptocurrency settlement experiment.
Putin himself recently described bitcoin as an “unstoppable technology” and praised its potential as an alternative to currency reserves. In fact, financial sanctions may have led Russia to adopt bitcoins and cryptocurrencies at a faster rate than other countries.
Meanwhile, the price of bitcoin has skyrocketed in 2024, reaching the monumental $100,000 mark earlier this month. And as the world's major superpowers rush to jump on the cryptocurrency bandwagon, the forecast for 2025 looks bright.
As we have seen, when btc rises, altcoins and meme coins also rise. And while bitcoin is a safe bet for nation states, altcoins may offer the best odds of changing lives for people willing to bet that the cryptocurrency craze continues well into 2025.
If that's you, we've rounded up four of the best altcoins to get into right now.
$XRP: stable option aimed at cross-border payments
XRP, the native cryptocurrency of the Ripple network, has seen tremendous growth over the past two months, gaining approximately 319.77%. Recently, it hit a six-year high of $2.46.
XRP stands out for how it facilitates fast, low-cost international money transfers, with an average settlement time of just 4 seconds and very low fees (0.00001 XRP per transaction).
Recent regulatory developments, such as the New York Department of Financial Services (NYDFS) approval of the Ripple stablecoin, have also increased investor confidence. As are its recent partnerships with more than 300 financial companies, including American Express, Bank of America and Banco Santander.
It is easy to buy XRP, you simply need a reliable wallet like the The best wallet app. You can safely purchase a variety of cryptocurrencies with Best Wallet, from popular meme coins like Dogecoin (DOGE) and Pepe (PEPE), to new meme coins like Pepe Unchained.
crypto All-Stars: Multi-Token, Multi-Chain Meme Coin Vault
You probably don't want to miss crypto All-Stars, the next big pre-sale set to break all records. $STARS It is also the first and only token that is also a meme vault. That means it brings many of the top meme coins, from Dogecoin to Pepe, under one roof, greatly simplifying the entire process for first-time buyers looking to diversify into multiple meme coins.
Additionally, purchasing and holding the native token, $STARS, further increases your meme coin rewards.
crypto All-Stars is still on pre-sale and based on current figures, 1 $STARS = $0.0016782, Staking rewards are a decent 191% and over $13 million has already been raised. With only a week left to go public, this could well be the pre-sale to watch out for.
Dogecoin: the first doge in space
What started as little more than a joke in 2013 has become one of the world's biggest meme currencies, thanks in large part to endorsements from heavyweights like Elon Musk and Snoop Dogg.
In recent news, Dogecoin skyrocketed 60%, from about $0.1807 to $0.2897 (as fast as overnight on November 6, the morning of the election), in anticipation of a pro-pro Trump administration. cryptocurrencies. At the time of writing (December 12, 2024), DOGE shows no signs of slowing down and analysts predict that it could reach $3 at any time.
eth: second only to bitcoin
Second only to bitcoin in terms of market capitalization, eth is the native cryptocurrency of the decentralized and open source blockchain platform ethereum. Founded in 2015, today eth represents up to 20% of the $1.1 trillion global crypto market.
Much more than just a crypto token, the ethereum blockchain is actually a global, decentralized platform that runs thousands of games, financial applications, and even many other cryptocurrencies on its network.
The best part is that, like bitcoin, eth can often be used as fiat currency to buy and sell goods and services, fulfilling the original dream of cryptocurrencies for financial freedom, not just quick riches.
It's time to use cryptocurrencies!
Both Trump and Putin have hit the cryptocurrency button and for the rest of us, well, it's a good time to be alive. Who knew it was so easy to take power away from the banks? Who knew a meme could change your life?
The race is at all levels, and aAs the world moves away from traditional payment methods toward newer, crazier, more decentralized alternatives, the winners will be those who seize the opportunity and can cut through the noise with patience and poise.
Disclaimer: This is not financial advice. Remember to always do DYOR (your own research) before purchasing any crypto and never use funds you cannot afford to lose.
