Bitcoin has gained almost 18 percent this week with investors dumping Russian Ruble and moving into Bitcoin.

Ajeet Khurana, Founder of Stealth Mode Crypto Start-up in an interview to CNBC-TV18 said that both Russia and Ukraine are using Bitcoin as a superior alternative in the current situation to fiat currency.

He said if Russia prepares for sanctions that it may have 3 years from now, then over time even the economy of a large nation can potentially be independent of international linkages if it goes blockchain based money way.

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