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There might be an event we call a State Level FOMO and it could be a great catalyst for another bull run which would be more explosive than the previous one which is only a retail investor level type of bull market last fourth quarter of 2017 and early 2018 but now it is different when Russia started buying BTC just to make it more financially hedge against the dollar.
The dollar has been weaponized by the US and its allies against certain countries in the world that doesn't bow down on its will economically and politically so Russia is just finding way to ditch the dollar and use a currency for its strategic purposes.
Of course some countries will follow suit to Russia's strategy and will also buy Bitcoin which will then make our favorite crypto the BTC a good valuation into an explosive level and even though only a relatively small amount of state money would be involved in the buying spree it will still impact the crypto world in a positive way since it will involve many countries and a few billions on dollars pouring in the crypto markets.
I don't think that the OTC markets will cope with the buying demands of the FOMOing countries when that happens and these governments will soon resort to going in exchanges to buy from ordinary traders which again make a positive impact on prices.
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I am just dreaming about it but it may not or may come true but one thing is for sure, BTC alone will not go and will be here to stay and will be adopted one way or the other because of its use case and the developers working round the clock to improve it so in long-term we can see a bright future but with catalyst like a StateLevele Cryptocurrency FOMO will be a welcoming bonus for us holdlers or our favorite cryptocurrencies.
You are right @cryptopie I hope Russia will start buying early
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Oh, the post about my Motherland;)
BTC isn't popular here for now, but I think it's a question of time
Boss the dollar is trash, especially since 1913 when the Federal Reserve was formed...
That will be the biggest news for crypto market this year if Russia finally legalize and use bitcoin as an official currency, the the price of bitcoin might surge to almost $80,000. That will be a dream come true for all of us