Russia is predicted to dominate the Global Bitcoin Hashrate in the near future. This statement was made by a crypto mining company from Moscow, Intelion Data Systems after the share of Bitcoin hashrate in the country jumped to around 18 percent. This number shot up sharply when compared to the share of Russia's Bitcoin hashrate at the beginning of last year, at which time the Bitcoin hashrate of the country led by Vladimir Putin was only pegged at around 4.7 percent. This surge occurred after a number of investors began to tighten rules on digital assets and cryptocurrencies, this pressure then prompted investors to migrate to countries that are friendly to crypto assets, one of which is Russia. According to Specialists at Intelion, the electricity rates and crypto taxes applied by the Russian government are relatively lower when compared to other countries. This reason then attracted the interest of the miners. Until they are willing to move their business and operations from other countries, such as the US, China, and Kazakhstan to crypto-friendly countries like Russia. Russia's openness to crypto assets began to smell since a number of countries began to tighten economic sanctions against Moscow, in response to Putin's invasion of Ukraine. Because sanctions have hindered Russia from carrying out various transaction activities on the international stage, President Putin has slowly begun to give signals to his country to use digital assets as a means of transaction. Read our other insightful economic news: https://bit.ly/FPGDailyEco #FPG #Fortuneprimeglobal #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity #nasdaq #forex #portfolio #trading #capital #stocks #margins #facts #livetrading #economicnews #derivatives #globalnews #globaleconomy