War creates inflation and weakens business activity, making Bitcoin more attractive

A low-probability event has occurred. The United States and the European Union have promised to remove Russian banks from the SWIFT system. As a result, Russia will not be able to conduct cross-border trade with other countries; Europe's energy payments will increase costs, and global inflation will further increase; Russia will retaliate and stop exporting its rare metal products, causing some important industries to stop operating. And all this, as the madman said a few days ago, will accelerate and promote the application of cryptocurrency settlement networks around the world. Therefore, whether it causes inflation or Russia's adoption of encryption networks, it is a major positive for the encryption industry. The market is likely to start its own independent market. With the expectation of many funds entering the market, it should be a relatively good strategy to continue buying at this time.

Russia responded to the SWIFT ban, saying that the ban was tantamount to a declaration of war. Russia was cut off from financial transactions with more than 2,000 financial institutions in more than 200 countries, and its entire foreign trade would be affected. The madman estimated that counter-sanctions would be retaliated later. At the same time, the Russian Central Bank also stated that financial transactions within the country are guaranteed by the SPFS system under any circumstances, so domestic transactions will not be affected.

In this Russian-Ukrainian war, people seem to unanimously support Ukraine, precisely because people yearn for peace. For invaders, no matter what the reason, it is unforgivable. As a big name in the currency circle born in Russia, Vitalik Buterin has always expressed his support for Ukraine and called on the crypto community to provide support to Ukraine through UkraineDAO. The autonomous organization has received more than $13 million in cryptocurrency donations. Musk told the Ukrainian Prime Minister that Starlink service is currently very active in Ukraine and more terminals will be deployed. In fact, the DAO organization that donated to Ukraine has shown that people around the world are more inclined to safeguard the interests of the Ukrainian people and maintain world peace. The United States and the European Union are making the most correct decision to help Ukraine successfully defend its homeland through the economic network. Let us look forward to the end of the war as soon as possible and the return of the Ukrainian people to their homes.

Currently, AMD and Intel have suspended product deliveries to Russia, and these technology giants have also joined in. Russia, as an invader, has been isolated to the extreme at this moment. This may be the most realistic portrayal of the external network.

MicroStrategy CEO believes that war will cause inflation and weaken business activities, which will make Bitcoin more attractive. This guy hasn't spoken for a long time. With 140,000 Bitcoins in his hands, he will not miss any good news that will make Bitcoin rise. The essence of capitalists is reflected quite vividly at this moment.

Panic is still 26.

Coin News:

Bitcoin: The daily and 4-hour levels have not rebounded. The technical side combined with the benefits brought by the war will enable Bitcoin to stand firmly above $40,000 in the short term, and it is even very likely to launch an impact on $50,000 next week. Don't underestimate the SWIFT ban, which will be a super positive factor for the recent crazy influx into the crypto market.

ETH: Linked market, not many new expectations.

LUNA: With the rise, the Defi locked-in volume has returned to 20 billion US dollars again. Since the last halving, it has returned to a high level recently. After the continuous rise, there is an expectation of volatility, but it is undoubtedly still the leader of the public chain. Those who hold positions can continue to hold them using the 5-day line strategy.

FTM: The locked-in amount of AC's new project Solidly has increased significantly in the past week, and has now risen to US$2 billion. The total locked-in amount on FTM has exceeded US$12 billion, an increase of 18% in 24 hours, which will be conducive to FTM's continued rebound and get out of the public's compensatory rally.