How the G-7’s ban on Russian gold can affect Bitcoin prices

G-7 nations, U.S., UK, Japan, and Canada

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A Bitcoin investor, Anthony Pompliano believes the ban is just another way of “weaponization of currencies” and could lead to massive demand in the gold market. Existing BTC investors can sell gold at a high price due to the demand to buy Bitcoin.

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As of now, gold prices haven’t changed since the announcement while Bitcoin is still trading at around $21,000 at the time of writing.

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