Anton Tkachev, a State Duma deputy from the “New People” party, has formally proposed the creation of a strategic Bitcoin reserve in Russia, modeled after traditional currency reserves. In an appeal to Finance Minister Anton Siluanov, Tkachev argued that geopolitical instability exposes traditional reserve currencies like the yuan, US dollar, and euro to volatility, sanctions, and inflation, threatening Russia’s financial stability.
Tkachev’s proposal, reported by RIA Novosti, suggests that cryptocurrencies, specifically Bitcoin, could offer an alternative reserve asset independent of any single country. He emphasized the increasing importance of cryptocurrencies for international trade, particularly for nations facing sanctions that restrict access to traditional payment systems. He noted that the Central Bank of Russia is already preparing for cross-border settlements using cryptocurrencies.
The proposal highlights Bitcoin’s impressive returns in recent years, citing its December 2024 value of $100,000. Tkachev argues that this performance demonstrates Bitcoin’s potential not only as a store of value but also as a vehicle for generating significant profits. He has requested Siluanov to assess the feasibility of the proposal and, if deemed viable, submit it to the Russian government for implementation.
