Hi everyone I was wondering if the overall Russian-Ukraine situation in Bitcoin is now pretty low, will it soar if the whole war is resolved again? What is your opinion? Thank you.
Russia-Ukraine war is not just affecting Europe. It is now a big problem in the whole world. In every country in the world commodity price have increased along with inflation, which is accelerating the normal pace of the economy. If this condition continues for a long time, it will not bring any benefit at all. As this war has affected all areas of the world, I think cryptocurrencies are no exception. BTC price has hit its lowest level since 2020. But if this was is settled and both sides can come to an agreement, then certainly the crypto market will reach unprecedented levels.
War is sure to last so we should find a way to adapt to it and that's only part of the reason why the economy is inflationary. If you want to talk about inflation, it must be caused by the pandemic, when the pandemic happened, the government pumped money to save the economy and as a result, this year's inflation is inevitable.
Bitcoin price hits lows due to economic influence or is this a market cycle. Whatever the reason, I think it's more of an opportunity than a bad thing. How will you make a profit if there is only price increase and no decline?. Take advantage of this time if you want to become rich in the future.