Russia Just Crashed Cryptocurrency - Bitcoin Hodlers PREPARE for What’s Next
Bitcoin Hodlers PREPARE for What’s Next
if you hold cryptocurrency I want to break down exactly what this means to you we'll go over bitcoin news Ethereum news Cardano news lower cap altcoin news and much more
looking at what has happened to bitcoin's price historically during other times of financial instability during the last peak of financial uncertainty in march of 2020 bitcoin fell further than gold and further than the dow jones but then recovered 10 times stronger than both combined so here is the chart of the price action The last time we saw all markets drop-in may of 2020 we see bitcoin in red oil in black gold and yellow and dow jones in blue and we can see that everything crashed everything pulled everything down with it but then what recovered first it was bitcoin
BANK RUN IN UKRAINE! ($3k Limit per Person)
this is now this is totally different what does bitcoin even have to do with what is happening in Russia right now
well a bank run is happening to break
news Ukraine has limited bank withdrawals to 100 000 uaes around 3 000 u.s per person bank runs are starting so now the people of Ukraine who did nothing wrong by the way now they have to beg and plead for their own money and to be clear I'm not saying during times like this it's smart to be all in bitcoin but I bet you that the citizens trying to withdraw money from their own bank their own money but they can't I bet they wish they had some money like bitcoin that wasn't controlled by a single government anywhere
Russian Banks to be EXCLUDED from UK Financial System
and by the way, it's not just the Ukrainian citizens that now have limits in response the UK has announced that they will totally exclude Russian banks from the UK financial system
so Russia is being pushed out the UK prime minister pushes for Russia to be banned from the international payment system swift amid a Ukraine invasion
so maybe this is why president Putin has been pushing has promoted the legalization of bitcoin mining in his country maybe this explains
USA to Impose Sweeping Sanctions on Russia
the u.s president Biden has now issued full-on sanctions against Russia
" Russia has now undeniably moved against Ukraine by declaring these independent states so today I'm announcing the first tranche of sanctions to impose a cost on Russia in response to their actions yesterday we're implementing full blocking sanctions on two large Russian financial institutions we're implementing comprehensive sanctions on Russian sovereign debt "
the point all markets are crashing because of what is happening globally right now I shared with you this tweet from Travis Kling the other day but I think it's worth repeating the crypto market is in a weird spot right now acting as a risk asset and going down on tightening fears while governments all around the world act as a massive billboard why decentralization matters the former will pass the latter is a multi-decade trend great perspective and I think that's why during past major crashes we saw assets like bitcoin recover first people want to opt-out peacefully they want something that's not controlled by any single entity they like that so in summation
Comments
Post a Comment