Russia is considering shutting down the internet connection to the rest of the globe. What will occur? Is the hash rate decreasing? What will happen if the connection is re-established in a few years?
It certainly has an impact on the hash rate but never I this will be huge. Although we know that Russia has a huge contribution to the crypto market but not all of them are traders, if ever they will block internet connection, they hold their coins. I'm not to think this gonna be forever, transaction will surely resume once the conflict is over, of course. It all just be fine, the people from Russia will also remain calm. We never put this into consideration that we need to sell, no.
especially when the situation is uncertain as it is today, of course bitcoin is a good place to store assets, regardless of trade, of course bitcoin holders in russia, are not afraid to lose their value as if they have property assets that could be threatened by the ongoing war. known at last. but by holding bitcoin then their assets will move according to the market price in the world