Post
Topic
Board Bitcoin Discussion
Re: This Ukraine issue has me thinking a lot. In a crisis, how valuable is bitcoin?
by
dificanovi
on 06/03/2022, 15:27:51 UTC
Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.

You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?


Seeing a lot of news lately like: https://mycryptoparadise.com/ukraine-suspends-electronic-bank-transactions-following-its-unrest-with-russia/

yes, if the internet has gone out in Ukraine then the residents of that country will not be able to use crypto currency as income. Investors in Ukraine will suffer huge losses because they cannot trade cryptocurrencies and even all their crypto assets are no longer accessible.
On the other hand, if the internet is still accessible, people in Ukraine will use bitcoin as their income at this critical time, for example, they will create new tokens related to the situation in Ukraine. I am sure that the tokens they created will sell well in the crypto market because investors want to help the Ukrainian state.