Putin's Ukraine Invasion: Effect on Cryptocurrency?

[TomPluz]

Right now, there is a big possibility that Russia will eventually invade Ukraine and annexed it as part of the country just like the previous USSR set-up which Mr. Putin has been dreaming of, to relive the glorious days of the former empire. I am sure that the USA under its almost senile leadership of Joe Biden and Germany which is now under the nose of Kremlin due to energy issue - can never stop the aim of Putin. Of course, anything is possible...who knows maybe somewhere somehow diplomacy and possible economic embargo can still influence Putin to change his mind.


Now, in case the invasion can push through in time for the Winter Olympic in China...will this be a big factor to further dampen the cryptocurrency market or will it be an impetus for it to bounce back?

[mu_enrico]

Crisis is bad for crypto as we have already experienced with COVID. At that time, the price was tanked below $6k, but luckily Tesla and Microstrategy pumped the price. I'd say the price movement of BTC goes along with Wall Street, so conflict is bad. The strange thing is that all bad things happen in seemingly bear market, like the universe is working in concert to rekt BTC price. Don't forget with the FUD about Russian banning crypto as well.

[gurunanakji777]

I feel there will be definitely some effect on the global market not only in the crypto market. I would say the issue must be resolved peacefully. If anything wrong happens it will impact the global market. Most probably the market will suffer and I hope sooner the matter will be resolved peacefully by both the countries.

[pacar_tiri]

I feel there will be definitely some effect on the global market not only in the crypto market. I would say the issue must be resolved peacefully. If anything wrong happens it will impact the global market. Most probably the market will suffer and I hope sooner the matter will be resolved peacefully by both the countries.

You're right, I agree with this I think the issue must be resolved peacefully and we alll keep calm.
Russia, China, US will share negative issue, But crypto will survive.

[Alcor]

Now Putin does not intend to invade Ukraine. With more than 100,000 troops on its borders and significant offensive weapons, he is only seeking to force Ukraine to comply with the Minsk agreements that were forced upon it in the first invasion of Russian tanks and other equipment in 2014. The implementation of these agreements, as Putin sees it, may eventually lead to the loss of Ukraine's independence and a change in foreign policy. In 2014, Ukraine did not have anything to defend itself for various reasons. Now the situation has changed largely in favor of Ukraine. If there is an invasion, it will be a disaster for both states, but in the end Putin will still be defeated.
Local wars contribute to the growth of the cryptocurrency price in this region. But if in Russia the cryptocurrency will soon be completely banned, then of course, in Russia itself everything will be very bad and this will have a temporary negative impact on the entire cryptocurrency market.

[Jaephoenix]

Of course there would be agitation. Of course there would be uncertainty. But if, and a big if, Putin and Russia invades Ukraine there would be a huge impact. Wars and big conflicts affect any currency or commodity, not just crypto

[Hisbullah]

Of course there would be agitation. Of course there would be uncertainty. But if, and a big if, Putin and Russia invades Ukraine there would be a huge impact. Wars and big conflicts affect any currency or commodity, not just crypto

Yeah, not only on crypto but all commodity.
But It won't happen for long time.
I hope crypto will grow again, didn't effect from this problem, Putin invades Ukraine,

[Evgenklm]

I think this will not affect the cryptocurrency market in any way, it is possible on the global and financial markets, but not on the cryptocurrency, during the pandemic the cryptocurrency was only growing, in general I would like world peace and the crypt would have already gone up)

[MrSpasybo]

I don't expect war, but if it does, I think financial markets will grow, especially gold and Bitcoin. The reason: people look to safer assets to hedge against risk. The advantage of Bitcoin's liquidity and safety will attract the attention of investors, especially those living in Russia & Ukraine.
I still hope we won't have war, war won't bring any benefit.

[Senin]

I think that Putin is still not suicidal to invade Ukraine on a full scale. Today, Ukraine has a fairly strong army, and the United States, Europe and other states are helping Ukraine with weapons. Therefore, if Russian troops invade further, given that part of the territory of Ukraine was captured in 2014, then this time, in the end, Russia will lose. Putin must understand this. So far, the Russian army is being pulled to the borders of Ukraine to force Ukraine to comply with the disadvantageous Minsk agreements that were signed after the invasion of Putin's tanks and "grads" in 2014.

[Jaephoenix]

It hasn't always been a good impact on crypto. I mean Putin's Ukraine invasion. However that being said, crypto is starting to recover and could be a good hedge fund for scared investors who don't want to lose money in other financial tools like forex

[Bliznec]

Most likely it is the United States that wants to bring its rights to Ukraine, and Putin has nothing to do with it. The President of Ukraine behaved like a puppet in the eyes of other countries. By letting US troops into their territory. This is not very nice, in relation to Russia. The impact of this situation will not affect the cryptocurrency in any way.

[Master107]

Definitely crisis is bad to crypto. War is another face of crisis where crypto might be affected due to the fact that war is the triggering point to cut the internet connection and impose law. Once it is not resolve immediately crypto might be in downtrend again.

As far as I can see negotiations still on going between parties diplomatic way is better. Hopefully the single war will not be the opening to world war lll.

[Afony]

It is interesting that he is going to pick up there in Ukraine, he will not be up to cryptocurrencies, Ukrainians themselves will not want Putin to see there. Cryptocurrency as it was and will remain, no one will forbid and will continue to use it.

[Fenix]

Most likely it is the United States that wants to bring its rights to Ukraine, and Putin has nothing to do with it. The President of Ukraine behaved like a puppet in the eyes of other countries. By letting US troops into their territory. This is not very nice, in relation to Russia. The impact of this situation will not affect the cryptocurrency in any way.

I live in Ukraine and I can assure you that there were and are no US troops in Ukraine. However, there are Russian troops in the occupied part of Ukraine - the territory of Donbas and the Crimean peninsula, who have already killed about 15,000 Ukrainians since 2014. Putin brought his troops to the borders of Ukraine in order to blackmail Ukraine and force him to conclude an agreement that will eventually lead to the loss of Ukraine's independence. But the situation in recent years has changed not in favor of Russia. The Ukrainian army has grown stronger and Putin is not suicidal to openly attack Ukraine. In a few months, the situation will defuse, and Putin will step back in disgrace.
Cryptocurrency will still feel good in Ukraine.