RE: BItcoin - 16% up1 Mar 2022 06:41
FigTreeHarry
Given all the sanctions on Russian banks etc and the lack of ability to make payments it’s obvious many wealthy Russians are piling into Bitcoin as a means to trade and a safe haven to protect there money from a fledgling rubble. Whilst this will definitely cause a huge spike in all bitcoins etc it will also bring so much attention from regulators who are imposing sanctions on Russia that it could do more harm as it could inevitably be a main cause for bitcoin to have tougher regulations to it and other coins being used as a means to exploit sanctions.
This is clearly why this is moving up so rapidly in my opinion and 50,000 will be taken out quickly and new highs in bitcoin if an agreement isn’t reached sooner than later.
Any news from the board will cause this to move up at a rapid pace.