As the BRICS Summit Kicks Off, Top Lawmakes Are Pushing the Idea that Russian Miners Could Sell Their #Bitcoin to International Buyers, Who Would Use BTC and Other Crypto to Pay for Imports, Effectively Bypassing Western Sanctions.

🧵 Russia’s BitRiver and Russian Direct Investment Fund (RDIF) Announced a Partnership for a BRICS-Wide #Bitcoin Mining Initiative
cryptonews.com/news/russias-b…

Legendary Research Broker Bernstein Has Just Published One of its Famed "Black Books" on #Bitcoin!

160 Pages Explaining Why BTC Will Hit $200k by the end of 2025 and How Listed #Bitcoin Miners Will Continue to Consolidate the Industry.
@gautamchhugani 👏 no link available but if y'all keep retweeting i'll post some of the best charts, like this one 👀

Fascinating survey of Central Bankers from the World Gold Council reveals gold-buying plans at record high.

🧵

The percentage of respondents who think their dollar reserves will be "significantly lower" in 5 years more than doubled to 13%. More 70% of respondents think Gold reserves will be "moderately" or "significantly" higher vs only 13% who think "moderately" or "significantly" lower.

Thanks to @Ignites for letting me debunk the argument that #Bitcoin lacks intrinsic value in today's featured op-ed -->


full 🧵⬇️ ignites.com/c/4367104/5675…
"Bitcoin lacks intrinsic value, or so the argument goes among skeptics in the asset management industry.

But a formidable performance track record — including being the top-performing asset of the last decade — and an $800 billion market capitalization achieved without traditional corporate structures challenge this view.

We've done so many client meetings on #Bitcoin recently.
Here are some of the questions we get, and our answers --> What attracted us to the space? Why are we spending resources on the space?
- No other asset class has recouped its bear market round trip as quickly as BTC
- Many equity markets that have peaked and not remade all time highs
- Gold/real assets lineage and use cases for those markets informed our views on BTC/digital assets -- digital gold
- Asymmetric upside, growth asset with scarcity and store of value features
- Bitcoin halving next year, has historically been a bullish time to be involved
- Combined with the ETF approval hopes supporting prices currently

Prediction:
Gary Gensler will leave the SEC after a face-saving victory vs. Ripple in 2023.
10 more crypto predictions for 2023 from @vaneck_us -->
1/ #Bitcoin will test $10-12K in Q1 amid wave of miner bankruptcies, which will mark the low point of crypto winter. Ripple losing its SEC lawsuit (possible in Q1) may coincide with this final downdraft, which would take out nearly the entirety of the post-2020 bull market
2/