Recently, the words of the Governor of the Central Bank of Russia, Elvira Nabiullina, have attracted market attention. This central bank executive, who has long taken a conservative stance on encryption assets, publicly acknowledged that the funds flowing in from Bitcoin Mining are providing significant support to the ruble exchange rate.

From "comprehensive restrictions" to "disguised utilization," Russia's attitude has indeed made a 180-degree turn. In the face of foreign exchange pressure brought about by Western sanctions, the authorities have begun to re-evaluate the path of Bitcoin mining — it is essentially a way to obtain external funds and circumvent the limitations of traditional financial channels. The sale of BTC generated through mining has provided the ruble with an unconventional source of funding.

This reflects a larger market reality: in extreme environments, the value of cryptocurrencies has been redefined. They are not only investment products but have also become tools of national financial strategies. Regardless of how you view this shift, the role of BTC in international payments and value transfer is increasingly recognized by more participants.