And here's a short tweetstorm thread to explain why...thanks to David Zell@DavidZell_ and the BPI...

David Zell@DavidZell_

Bitcoin Policy Institute memo debunks claims that #Bitcoin will help Russia evade sanctions, argues that BTC helps individuals in Ukraine and Russia.🧵

David Zell@DavidZell_

Bitcoin is facilitating tens of millions of $ in aid to Ukraine & helping Russian citizens escape the collapsing ruble, further weakening Russia while dampening unintended harm to its people.

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David Zell@DavidZell_

With its substantial gold and yuan reserves, limited trade with China is far more viable than a pivot to BTC.

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David Zell@DavidZell_

Here’s the full 1-pager you can share when you encounter claims about Bitcoin’s role in sanctions evasion.

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David Zell@DavidZell_

“Rather than viewing bitcoin as a national security challenge, the U.S. should explore how, as some experts have noted, bitcoin may undermine authoritarian states and bolster U.S. strategic objectives.”

Read the full policy memo here:

btcpolicy.orgNo, Bitcoin Won’t Save Russia from Western SanctionsBitcoin is both helping Ukrainians directly raise funds and enhancing Western pressure on Russia.

So now you know! Thanks again to David Zell@DavidZell_