Russia could develop a cryptocurrency reserve within one to three years, a top mining executive claims, as U.S. policy shifts fuel global interest in crypto’s financial potential.
Russia Could Develop a Crypto Reserve—Expert Discusses Timeline
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Crypto Reserve in Russia? Industry Insider Says It Could Happen in 1-3 Years
As more countries consider buying bitcoin following U.S. President Donald Trump’s plan to make the United States the crypto capital and establish a bitcoin and cryptocurrency reserve, Russia may also move in a similar direction. Oleg Ogienko, Deputy CEO of Bitriver, a Russian mining datacenter operator, stated that Russia could develop a cryptocurrency reserve within one to three years, provided that the necessary regulatory framework is established. He told Tass:
From my point of view, the cryptocurrency reserve can be created in Russia within the period of 1-3 years, when regulatory conditions for that will be established in the country.
He emphasized that a secure infrastructure for storing and managing digital assets must first be developed, adding that while some progress has been made, it currently operates within a closed-loop system.
Ogienko suggested that such a reserve could modernize Russia’s financial system by leveraging end-to-end technologies. He also pointed out that discussions around national cryptocurrency reserves have intensified due to recent U.S. policy announcements. He noted that this trend is becoming increasingly relevant on a global scale.
In addition to his insights on regulatory development, Ogienko discussed bitcoin’s price movement, predicting that the next target for buyers would be $100,000. If the positive momentum continues, bitcoin could climb to $130,000 by the end of the second quarter, he added.
Trump recently revealed that the U.S. government will establish a strategic cryptocurrency reserve, which will include bitcoin ( BTC), ethereum ( ETH), and other significant digital assets, including XRP, solana ( SOL), and cardano ( ADA). Proponents argue that this initiative could position the United States as a leader in digital finance, promoting innovation and potentially stabilizing the crypto market. However, critics express concerns over the volatility of these assets and the inclusion of lesser-known altcoins, fearing it may undermine the reserve’s credibility and expose the government to financial risks. Russia’s interest in cryptocurrency signals a growing recognition of digital assets as a tool for financial stability and economic strategy.
