Valentin Katasonov, a Russian economist, expresses concerns about national strategic Bitcoin reserves, describing them as a potential economic hazard. He believes these reserves could lead to substantial economic instability.

Katasonov criticizes proponents of Bitcoin, labeling them as ‘fifth columnists’ who threaten economic security by urging for Bitcoin’s integration into the financial system.

The Central Bank of Russia has ruled out Bitcoin reserves, prioritizing gold and stable currencies instead. Despite this, some lawmakers show interest in establishing a state-run Bitcoin fund, reflecting ongoing debate on cryptocurrency’s role in Russia.