As we continue to examine price analysis in ethereum over recent months, one thing we’re noticing is the global impact the cryptocurrency has. Much of this had direct ties to the value of ethereum continuing to go up.
What’s newsworthy about this is the particular country that’s been showing extreme interest.
Political Heads Looking at Ethereum’s Potential
One interesting development about ethereum is that it’s not just banks and other financial institutions showing awareness. Major world leaders are now showing major support.
With Russia so much in the news lately, it’s interesting that Vladimir Putin now shows extreme interest in using the cryptocurrency in his country. Putin recently met with ethereum’s founder, Vitalik Buterin, at the St. Petersburg Economic Forum.
Many think his interest in using ethereum in Russia to diversify their economy is why the currency’s price continues to soar.
Even if everything Putin does lately sounds controversial, it’s a major sign we’re seeing a major shift toward political leaders eventually adopting ethereum as a standard.
What Other Countries Might Adopt Ethereum?
During the above same visit to Russia, Vitalik Buterin mentioned that he’s working with other countries to soon make ethereum a standard digital currency.
He noted that he’s talked to government leaders in the U.S., Canada, UK, China, and Taiwan as just starters. It proves how much interest is there and why ethereum price analysis continues being important.
A quote from Vlad Martynov, an adviser for The Ethereum Foundation, says it all about what we might see once Russia adopts the ethereum cryptocurrency:
“Blockchain may have the same effect on businesses that the emergence on the internet once had — it would change business models, and eliminate intermediaries such as escrow agents and clerks.”
It’s worth your effort to consider investing in ethereum yourself and check up on the price daily to see why it’ll become huge into the next decade.