Is cryptocurrency a scam?
- Cyclyst

- Mar 7, 2022
- 1 min read
Russia started a full-scale invasion of Ukraine on 24 February 2022, in an escalation of the Russo-Ukrainian War that began in 2014.
Major Western countries applied sanctions on Russia with the aim of crippling the Russian economy. The sanctions included major Russian banks being cut off from SWIFT, the global messaging network for international payments.
Isn't this the major opportunity for crypto-currencies, the so-called "digital gold", to rally?
Nothing impressing for cryptos so far (apart from their notorious volatility) as seen in the comparative graph:
@ BTC ~ +1%
@ GOLD ~ +4%
@ OIL ~ +30%
@ BRK.B ~ +6%
( change from the invasion day 2022-02-24 till 2022-03-07 )
Very illuminating times on what is trade and what is an investment !





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