Russia’s invasion of Ukraine might just be the turning point cryptocurrencies need to lift prices higher. Read more here. monetarypolicies
“We’ve never had a group of nations in essence confiscate real estate from Russian tycoons, taking a country’s money. That’s why Bitcoin was created, because people don’t trust governments. This is a big deal — in a lot of ways, this is starting the acceleration of de-dollarisation of the world.”embodied the sense of panic, and growing distrust over government-issued currency,
On Sunday, Ukraine’s Vice Prime Minister called on all major cryptocurrency exchanges to block addresses of Russian users, but many have pushed back on the request. “Bitcoin is the embodiment of libertarian values, which strongly favour individualism and human rights.” But even as a risk asset, history has been on the side of risk assets during periods of substantial geopolitical turmoil and global conflict as could be the case for cryptocurrencies as well.
The Second World War had a similarly counterintuitive outcome, and from 1939 when Germany invaded Poland, to the surrender of Japan in 1945, the Dow Jones Industrial Average was up 50 per cent, or an average of 7 per cent per year. that stock market volatility actually decreased during periods of war and noted that while markets usually reacted with shock at the onset of conflict, they soon found their footing.If nothing else, Armbruster’s studies have shown that small-cap stocks, often the riskiest corner of the market, have returned far greater on average than large-cap US equities, albeit with greater volatility.
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