To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example.
So what happens to Bitcoin if the situation goes out of control?
There is a previous, very real very bad example of a small European nation going bust: The 2012β2013 Cypriot financial crisis. Also known as the 'Cypriot Haircut':
No insured deposit of β¬100,000 or less would be affected, though 47.5% of all bank deposits above β¬100,000 were seized. They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island.
This is what happened to Bitcoin then:
In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst.
That's my personal opinion. Let me know your thoughts.
Thank you for providing some amazing content my friend. Bravo.
RLinda
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Excellent. Thanks dear
DeGRAM
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Thank you for sharing your analysis.
Pab777
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Crazy world.Civil wars.India can be similar like Sri Lanka .There was even protest in China.Erdogan going to attack Kurdes Russia and Iran wilk support them.Nicely dobΔ guys next Syria war and next refugee crisis