A proposal to Russian Finance Minister Anton Siluanov regarding the creation of a Bitcoin Strategic Reserve in Russia has been leaked, further increasing speculation about an impending Bitcoin space race between the two global superpowers.
It even suggested that some of the US debt could be “paid off” with Bitcoin, following President-elect Donald Trump's promise to establish the US's own strategic Bitcoin reserve.
The leaked proposal suggests that Russia has its own reasons for getting into cryptocurrencies.
“With countries under sanctions having limited access to traditional international payment systems, virtual currencies are becoming effectively the only means of international trade.”
Russia's central bank is already preparing to start experimenting with cross-border payments using cryptocurrencies.
President Putin himself recently described Bitcoin as an “unstoppable technology” and praised its potential as an alternative to foreign exchange reserves. In fact, financial sanctions may have led Russia to adopt Bitcoin and cryptocurrencies at a faster pace than other countries.
Bitcoin price to soar in 2024, spurring new US-Russian crypto space race
Meanwhile, the price of Bitcoin skyrocketed in 2024, reaching a monumental level of $100,000 earlier this month. And the predictions for 2025 are looking bright as the world's major superpowers race to hop aboard the cryptocurrency train.
As we have seen, when BTC rises, altcoins and meme coins soar as well. And while Bitcoin is a safe bet for nation-states, altcoins may have the greatest life-changing potential for individuals looking to bet on a crypto boom that will last until 2025.
We've put together four of the best altcoins to get started with right now.
$XRP – A stable option for cross-border payments
XRP, the native cryptocurrency of the Ripple network, has seen significant growth in the past two months, rising by approximately 319.77%. It recently hit a six-year high of $2.46.
XRP rises 320% in 2 months
XRP stands out by facilitating fast and 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 tightening, such as the New York Department of Financial Services (NYDFS) approving Ripple's stablecoin, has also boosted investor confidence. Recently, we have partnered with over 300 financial companies, including American Express, Bank of America, and Banco Santander.
Purchasing XRP is easy. All you need is a reputable wallet like Best Wallet App. At Best Wallet, you can safely purchase a variety of cryptocurrencies, from popular meme coins like Dogecoin (DOGE) and Pepe (PEPE) to newer meme coins like Pepe Unchained.
Crypto All Star – Multi-Token, Multi-Chain Meme Coin Vault
Crypto All-Stars is one of the meme coin presales to watch
You won't want to miss the next big pre-sale, Crypto All-Stars, which is set to break all records. $STARS is also the first and only token that is also a meme repository. This means that many of the top meme coins, from Dogecoin to Pepe, will be gathered under one roof, greatly simplifying the entire process for first-time buyers looking to diversify their large number of meme coins.
Also, purchasing and holding the native token $STARS will further increase your Meme Coin rewards.
Crypto All-Stars is still in pre-sale, but with today's numbers, 1 $STARS = $0.0016782, the staking rewards are worth 191%, and over $13 million has already been raised. With only one week left until listing, this could very well be a high-profile pre-sale.
Dogecoin – The first Doge in space
Dogecoin is limitless and beyond
What started as just a joke in 2013 has become one of the world's top meme coins, thanks to support from heavyweights like Elon Musk and Snoop Dogg.
In recent news, Dogecoin soared 60% from approximately $0.1807 to $0.2897 in anticipation of a crypto-friendly Trump administration. This is as fast as it was on the night of November 6th, the morning of Election Day. As of this writing (December 12, 2024), DOGE shows no signs of slowing down, with analysts predicting it could reach $3 any moment.
ETH – 2nd place after Bitcoin
The only cryptocurrency losing out to Bitcoin in terms of market capitalization is ETH, the native cryptocurrency of the Ethereum decentralized open source blockchain platform. Founded in 2015, ETH currently accounts for 20% of the $1.1 trillion global cryptocurrency market.
Much more than just a crypto token, the Ethereum blockchain is actually a global decentralized platform that runs thousands of games, financial apps, and even many other crypto coins on the network.
The best part is that, like Bitcoin, ETH can often be used just like fiat currency to buy and sell goods and services, making the original crypto dream of financial freedom, not just get-rich-quick, a reality. .
Cryptocurrency is here!
Trump and Putin have both pushed the cryptocurrency button, and for the rest of us, this is a good time to be alive. Who would have thought that taking power away from banks would be so easy? Who would have thought that a meme could change your life?!
Competition is at every level, and as the world moves away from traditional payment methods to newer, crazier, decentralized alternatives, winners will seize opportunities and rise above the noise with patience and poise. You will become a capable person.
Disclaimer: This is not financial advice. Remember to always DYOR before purchasing any cryptocurrency and never use funds you can't afford to lose.
