I was shouted down the other day for moaning about international politics and also "debunked - because they are poor" for warning a massive emigration wave going to come from Ukraine to the west (they won't just stop over in Poland for a few days if you're thinking that).
I truly find it astonishing that some of you are in Bitcoin at all since you can't seem to think even a few days ahead or simply have a problem with deviating from Bitcoin jokes, memes and let's face it mostly nonsense.
We have seen massive international problems by far have the biggest effects on Bitcoin's price over the last few years surely.
The further Putin goes towards western Ukraine the lower BTC's price will go.
For the majority of investors BTC at this moment is a speculative asset, not a safe heaven.
Lets wait to see what the sanctions are, then more importantly the central banks response.
-Two state-owned banks - which the US says are key to Russia's defence sector - will no longer be able to do business in the US or access its financial system
-Five people described as part of Putin's inner circle have been sanctioned
-Restrictions have been placed on US deals involving Russia's national debt
-Americans are now banned from doing business in Luhansk and Donetsk
-The European Union is sanctioning 27 Russian individuals and organisations, including banks. It is also limiting access to European capital markets — cutting off the ability to access funds from EU banks - and banning trade between the EU and the two rebel-held regions.
-Some 351 members of Russia's Duma, parliament's lower house, are also being targeted with sanctions.
-German chancellor Olaf Scholz has put on hold permission for the Nord Stream 2 gas pipeline from Russia to Germany to open.
-Meanwhile, UK Prime Minister Boris Johnson announced sanctions against five Russian banks and three wealthy Russian businessmen, and threatened further moves.
https://www.bbc.com/news/world-europe-60125659smh
These guys have 680 billion in reserves..not sure how concerned they are about any of this. Posture posture posture..then get to the table for concessions and poof..it all goes away...ready to rinse and repeat again. smh
...I wonder how much bitcoin Putin owns.
--------
Daily musings
dyor
stronghands