RE: How will the war conflict between Russia and Ukraine affect the classic financial market and Bitcoin?
I would expect that Bitcoin rally will take place once this conflict will be over and sanctions will be removed.
Put yourself in shoes of any Russian millionaire or billionaire (often living abroad and having little do to with Russia), who just learned painful lesson that his/hers assets may be frozen because of his nationality.
And at the same time you would learn that only having cash or bitcoin can give you some financial safety.
What would you do, if finally you could access again your frozen funds? Your currencies and your assets?
I expect that Bitcoin will be in huge demand.
ps.
I was wondering if you have any view on future of Russia financial system (especially from the perpective or regular people) after interest rates has been hiked to 20%?
I can hardly imagine being able to pay any loans or morgage in similar situation. Especially while knowing, that all imported items will cost so much more since value of Rubel dropped so badly.
Any thoughts you like to share?
Cheers, Piotr
Hi @crypto.piotr
I fully understand your views, regarding the interest rate percentages, it may indeed destroy the financial capacity of entrepreneurs in Russia, one option is for the state to relax and give conditions to entrepreneurs to circumvent these hypothetical scenarios, We have already experienced this here in Venezuela in exponential terms much higher than the 20% you mention with a hyperinflation rate that no country has ever experienced, and somehow the strategies of the state have managed to masterfully evade these sanctions, I think Russia can do better if we consider the productive potential they have in all sectors of its economy.
Best regards, be well