Is the ongoing war between Ukraine and Russian going to have huge effect on the crypto market?
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Is the ongoing war between Ukraine and Russian going to have huge effect on the crypto market?
I don’t believe the ongoing war could have any effect on the crypto currency market. Digital currencies are not Russo-Ukraine; and Russo-Ukraine is not digital currencies either. The crypto market is worldwide, and that is just one industry that will continue to thrive no matter where and when. The only thing that can significantly affect the crypto market is if the market no longer demands that crypto.
Temporarily, markets will come down but in the next few weeks problems will start to become solved, then there will be a pump in all markets. It’s best time for you to invest in any avenues like crypto, shares, commodities etc. The only potential impact could be if Russian or Ukrainian citizens start to withdraw their investments from cryptocurrencies in order to protect their money from potential instability. However, this is unlikely to happen on a large scale.