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▲ Russia, Bitcoin (BTC) ©CoinLeaders

A Russian parliamentarian has proposed using Bitcoin (BTC) as a national strategic reserve asset. This is suggested as a measure to protect Russia's financial stability amid international sanctions and geopolitical risks.

According to cryptocurrency media outlet CoinGape on the 10th (local time), Russian Duma member Anton Tkachev has officially requested Finance Minister Anton Siluanov to consider replacing traditional foreign exchange reserve assets like the dollar and euro with Bitcoin through an official letter.

Tkachev pointed out that existing foreign exchange reserves could be affected by volatility, sanctions, and inflation, arguing that Bitcoin could be an alternative to overcome these limitations.

He emphasized that for countries restricted from accessing international payment systems due to sanctions, cryptocurrencies like Bitcoin would become essential tools for global trade, adding that Bitcoin's decentralized nature is ideal for bypassing traditional financial systems.

Tkachev mentioned Bitcoin's strong investment performance, citing the example of Bitcoin surpassing $100,000 in December 2024. He argued that Bitcoin not only serves as a stable store of value but also offers opportunities for financial gain.

He added that global companies like MicroStrategy already use Bitcoin as a strategic investment asset, proving Bitcoin's appeal.

CoinGape evaluated that "Tkachev's proposal seems to be part of a larger strategy aimed at preparing alternatives to replace the traditional financial system in Russia. The Russian Central Bank has already announced plans to experiment with cross-border payments using cryptocurrencies, intending to facilitate international trade while bypassing Western sanctions."

In addition to Russia, proposals for Bitcoin reserves are also emerging in the United States. U.S. Senator Cynthia Lummis has submitted the "2024 Bitcoin Bill," which includes a U.S. Bitcoin strategic reserve plan. Former U.S. President Donald Trump has also supported the Bitcoin reserve plan, arguing that it should be used to strengthen the resilience of the U.S. economy in the digital age.