A deputy in the Russian parliament has put forth a plan to create a strategic bitcoin (BTC) reserve to address the sanctions faced by the nation. According to reports from the state-owned news agency Ria, Anton Tkachev from the New People party has asked Finance Minister Anton Siluanov to evaluate the feasibility of this proposition, which draws on the concept of state reserves in traditional currencies.

The implementation of such a reserve is deemed necessary to tackle the challenges posed by sanctions, inflation, and the instability of foreign currencies that Russia holds, including the Chinese yuan, U.S. dollars, and euros. Tkachev asserted that "under conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade."

This proposal resonates with U.S. President-elect Donald Trump's agenda, which included establishing a strategic bitcoin reserve as a safeguard against national debt pressures.

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