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Abstract

, because the measure of Russia’s exclusion from Swift loses its effectiveness.Another factor behind the rise of cryptocurrencies could be that Russians want to protect their assets from the fall of the ruble and therefore seek refuge in bitcoin, for example.Russian oligarchs in particular seem to be doing this vigorously. Because on the blockchain data, the so-called on-chain data, you can see that in recent days the number of new Bitcoin addresses with more than 1000 BTC skyrocketed.<h1 id="fec1">Should you still invest in Bitcoin now?</h1>The current situation definitely shows the strength of Bitcoin as a potentially untouchable currency. In my opinion, there has never been such a good currency, which is why I have invested in Bitcoin myself and expect further price increases.If you also want to invest in Bitcoin or other cryptocurrencies, I can recommend the platform FTX.In my opinion, it’s by far the best one out there.If you sign up through <a href="https://ftx.com/referrals#a=31923387">this link</a>, you can even save 5% fees.<div id="5574" class="link-block">

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            <h2>I made $1000 in 2 hours</h2>
            <div><h3>This is crazy…</h3></div>
            <div><p>medium.com</p></div>
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            <h2>I Forced Myself to Do Hard Shit for 30 Days</h2>
            <div><h3>…with crazy results</h3></div>
            <div><p>medium.com</p></div>
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Are Russian Oligarchs driving up the Bitcoin Price?

Bitcoin seems to benefit from the current events.

The war in Ukraine is raging in many cities and there is no end in sight. The ruble is collapsing and global stock markets are on the slide.

Cryptocurrencies and precious metals, on the other hand, seem to be benefiting.

Bitcoin is up nearly 32 percent from a low of about $34500 a week ago to $44900 today. Gold and silver also posted decent gains.

Why is that?

Russia was excluded from Swift and thus out of international payments. Since Bitcoin is decentralized, it represents an escape solution for Putin and all Russians. Bitcoin cannot be regulated by governments.

In the current situation, this is of course unfortunate, because the measure of Russia’s exclusion from Swift loses its effectiveness.

Another factor behind the rise of cryptocurrencies could be that Russians want to protect their assets from the fall of the ruble and therefore seek refuge in bitcoin, for example.

Russian oligarchs in particular seem to be doing this vigorously. Because on the blockchain data, the so-called on-chain data, you can see that in recent days the number of new Bitcoin addresses with more than 1000 BTC skyrocketed.

Should you still invest in Bitcoin now?

The current situation definitely shows the strength of Bitcoin as a potentially untouchable currency. In my opinion, there has never been such a good currency, which is why I have invested in Bitcoin myself and expect further price increases.

If you also want to invest in Bitcoin or other cryptocurrencies, I can recommend the platform FTX.

In my opinion, it’s by far the best one out there.

If you sign up through this link, you can even save 5% fees.

I made $1000 in 2 hours

This is crazy…

medium.com

I Forced Myself to Do Hard Shit for 30 Days

…with crazy results

medium.com

Want to read more? Join Medium! (affiliate link)