—— Mining becomes an 'invisible export', with dual shocks in the foreign exchange market and crypto trends 💥

As a veteran in the crypto space for 7 years, the recent actions of Russia in the crypto world can be described as a 'game changer'! Putin's economic advisor has directly called for the inclusion of crypto assets in international balance of payments statistics, coupled with Russian companies profiting from cross-border payments using crypto and nearly 16% of global hashing power backing this move. This operation not only breaks the deadlock of Western sanctions but also drops a 'deep-water bomb' into the global crypto market.

Core Fact: Russian crypto forces have already taken shape

• Hashing power hard strength: accounting for nearly 16% of global Bitcoin hashing power, second only to the United States, definitely the 'second strongest mining country', having mined 55,000 BTC in 2023, with an expected output of 35,000 BTC in 2024 due to the halving.

• Accelerated policies: In 2024, the first step is to open up cross-border settlement for cryptocurrencies, followed by the legalization of mining. Currently, efforts are being made to integrate crypto into international balance of payments, with a policy triple blow connecting the entire chain of “mining - trading - settlement”.

• New economic lever: Crypto mining has become an “undervalued export project”. Russian companies profit through cross-border payments and the sale of mining coins, directly affecting the liquidity of the forex market, becoming a “breakthrough tool” against sanctions.

Triple core impact on the crypto market

1. Compliance upgrade again: As a permanent member of the UN Security Council, Russia integrates crypto into its international balance of payments statistics, equivalent to stamping the “asset attributes” of crypto assets, forcing more countries to recognize their financial value, accelerating the compliance process.

2. Strengthening the discourse power of computing power: 16% of global computing power + legalization policies will attract more mining capital to flow into Russia, evolving the global computing power distribution from a “US-Russia dual hegemony” to a “multipolar balance”, further enhancing the security of the Bitcoin network.

3. New variables in market volatility: The scale of Russian cross-border crypto trade has reached nearly $12 billion. After being included in the international balance of payments, the flow of funds at the official level will be more transparent, potentially triggering safe-haven buying of mainstream coins like BTC in the short term, and will reshape the valuation logic of crypto assets in the long run.

Sister IELTS's 7-year observation of the crypto circle: Where is this opportunity?

The essence of Russia's operation is “using crypto to break the financial blockade”, which also confirms the cross-border payment value and anti-sanction attributes of crypto assets. For ordinary investors, there is no need to blindly chase high prices; focus on three directions: first, the mining industry chain benefiting from computing power migration; second, crypto projects related to compliant cross-border payments; third, mainstream coin ecosystems that can absorb Russian crypto capital flows.

But we must also be wary of risks: international regulatory games may intensify, and as the forex attributes of crypto assets become prominent, price fluctuations may become deeply tied to geopolitical and exchange rate trends, so avoid heavy speculation.

Follow Sister IELTS, with 7 years of practical experience in the crypto circle, to help you dissect global crypto policy dividends and avoid potential pitfalls! We will continue to track the progress of crypto implementation in Russia and the impact of computing power changes on the market. In the comments section, let’s discuss how much you think this Russian-style operation will allow BTC to break through?👇@Crypto雅思 #BTC