The world has gone crazy

Talking about the progress of civilization and on the other hand, activation the weapons of mass destruction, is best sign of humanity´s (in)maturity.

Not only Europe and Asia, but the whole world is taking steps back to the times when the only way of resolving disputes was through military conflict.

However, the functioning of human society is largely dependent on capital. Opposite are assets (wealth), which today inevitably include not only traditional fiat currencies issued by the government, but also digital currencies.

And it is in the difficult conditions for the society in Ukraine that cryptocurrencies begin to show their strength as an alternative full-fledged payment instrument. The largest cryptocurrency exchanges have adopted an attitude of solidarity and have created cryptocurrency wallets where people can deposit money via digital currencies. So far, more than $ 30 million has been raised, which will go to the most vulnerable population to meet basic human needs and support the Ukrainian military.

On the other hand, after the Russian invasion of Ukraine, the West continues to impose further sanctions, which should also affect the cryptocurrencies owned by Russian people.

These could have potentially catastrophic consequences for the Russian digital asset market. In early February, Russians were estimated to hold over $ 200 billion in cryptocurrencies, which would be another blow if $ 600 billion froze Russian funds abroad (which, in addition to freezing more than $600 billion of Russian funds, would be another blow abroad). The ruble has fallen against the US dollar and the euro. Russians are paying more for banking assets and are apparently considering investing into the cryptocurrencies.