facebookRussian and Ukraine War how will this affect the macro economics of cryptos and would you move your money into stablescoins such as USDC,USDT, UST etc. Leave your thoughts here. - Seedly

Russian and Ukraine War how will this affect the macro economics of cryptos and would you move your money into stablescoins such as USDC,USDT, UST etc. Leave your thoughts here.

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James Lee

19 Mar 2022

Investment at DIY Investor

Russia will have an incentive to use crypto to bypass SWIFT. China is more convinced it has to kick off the digital Yuan. Other countries who now realise how much of a USD rope is twined around their necks have an incentive to slowly get off the USD system - and Saudi Arabia just blinked. If oil trade can be done in other currencies, the need to hold USD will fall, and the value of the USD will fall - and there is little but hot air propping up the value of the USD. New economics will have to be invented to understand what we will see - which has been there since WW2. The barrel of a gun by a superpower with not much real money left - and a nuclear button. No, lots of buttons.

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