Home > WORLD NEWS > Assange Thanks US Govt For 50,000% Gain On Bitcoin As Russia Unveils ‘CryptoRuble’

Assange Thanks US Govt For 50,000% Gain On Bitcoin As Russia Unveils ‘CryptoRuble’

Amando Flavio

Some misfortunes in life could be blessings in waiting. In 2010 when WikiLeaks published sensitive U.S. government documents on the wars in Afghanistan and Iraq, John McCain and Joe Lieberman led a bipartisan campaign to cut off funding to the non-profit organization by forcing traditional payment systems such as Visa, MasterCard, and PayPal to illegally ban any transfer of monetary donations to WikiLeaks.

As a result, WikiLeaks was forced to turn to Bitcoin, a worldwide cryptocurrency and digital payment system, to receive donations while hoping the illegal banking blockade would be lifted. But it didn’t.

Seven years later, the price of Bitcoin has risen 50,000%. Julian Assange, WikiLeaks’ founder, took to Twitter to thank the U.S. government for his forced investment:

In a tweet, Assange posted a screenshot of Bitcoin prices on July 18, 2010 and October 14, 2017 on industry website CoinDesk. In this period, the price of Bitcoin went from $0.06 to around $5,814. This represents a 9,689,900 percent increase.

He revealed he made a 50,000 percent return, after the U.S. government pushed companies like MasterCard to block payments to WikiLeaks in 2010, presumably investing in bitcoin over the six-year period.

bitcoinEven as Assange thanked the U.S. government for making WikiLeaks rich, Russian President Vladimir Putin has announced Russia will soon issue ‘CryptoRuble’, its own version of Bitcoin.

According to Putin, who initially opposed cryptocurrency, the state issued cryptocurrency cannot be mined and will be issued, controlled and maintained only by the authorities. Nikolay Nikiforov, minister of communications, told the local media:

“I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after 2 months our neighbors in the EurAsEC will.”

Nikiforov says, the CryptoRubles can be exchanged for regular Rubles at any time. But if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied. The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale.

 

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