"A Russian lawmaker who's literally writing crypto regulations just warned Bitcoin will collapse. Here's why he's probably right—and why it doesn't matter for your portfolio 👇"
The crypto world just witnessed a fascinating contradiction: Anatoly Aksakov , the Russian State Duma's Committee on Financial Markets chair—the very architect behind Russia's pro-crypto regulatory framework—has warned that Bitcoin is "bound to collapse sooner or later.
Here's what makes this statement so significant:
The Paradox: Aksakov is literally building Russia's crypto regulations (set for July 2026 rollout), yet he's simultaneously expressing deep skepticism about Bitcoin's viability. This isn't FUD from a crypto hater—it's a cautionary note from someone actively legalizing digital assets.
What He Actually Said: According to DLNEWS dlnews.com, Aksakov stated that Bitcoin lacks fundamental backing and will eventually collapse. He's been consistent on this since 2021, predicting the "Bitcoin bubble will burst sooner or later."
The Regulatory Reality: Despite his bearish stance on Bitcoin itself, Aksakov is pushing forward with:
✅ Retail investor access to crypto (with eligibility tests)
✅ Legalized crypto exchanges by July 2027
✅ Penalties for unregistered operators
✅ Recognition of crypto as property (Constitutional Court ruling)
The Smart Money Angle: This reveals a critical distinction: Aksakov isn't anti-crypto; he's anti-Bitcoin-as-money. Russia's strategy is clear:
Regulate crypto as investment instruments (not payment methods)Use Bitcoin for international trade (sanctions evasion)Control the narrative with a digital ruble CBDC (launching Sept 2026)
What This Means for Traders:
🔴 Bearish Signal : A major pro-crypto official doubting Bitcoin's long-term viability
🟢 Bullish Signal : Russia is legalizing crypto despite skepticism—suggesting institutional adoption will continue
🟡 Neutral Reality : Altcoins and DeFi may outperform Bitcoin in Russia's regulatory framework
The Bottom Line: Aksakov's warning isn't a prediction of imminent collapse—it's a philosophical stance that Bitcoin won't replace fiat currency. Meanwhile, Russia is quietly building the infrastructure for crypto adoption anyway. The real opportunity isn't in Bitcoin's price; it's in the regulatory clarity that's coming.
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