Unfortunately, yesterday morning, Thursday, February 24, the President of Russia, Vladimir Putin ordered the invasion of Ukraine. The first such military attack on European soil since the end of World War II in 1945. To add insult to injury, the attack was carried out with a nuclear threat. Apparently, there will be no military response from NATO. Ukraine was left alone. Surely, Putin will get victory from him. But it won’t be free. There will be no military response (for now). Nevertheless, There will be financial penalties. The United States, the European Union, the United Kingdom, Canada, Australia, and Japan have taken action.
Certainly, Putin cements his “strongman” image and his supporters are probably ecstatic with their macho. Who supports the autocrat internationally? Cuba, Venezuela, Nicaragua, Iran, Belarus and China. None of these countries exceeds the importance of the European Union for the Russian economy. Putin is harming his country to inflate his ego. Ukraine, over time, has become an increasingly western country. And Russia has still not been able to get over the nostalgia for its past glories.
Russia has historically suffered from a permanent conflict between its two identities. That is to say, there are two Russias, a Russia that seeks its identity by looking towards the West and another that closes in on itself. We must remember that the territory known today as Russia was part of the Mughal Empire for many years. Russia lived for centuries dormant in the Middle Ages. Until the arrival of Peter the Great, in 1689, he had not gone through Roman law, the Renaissance, and the Reformation: All he had lived through was Mughal despotism. The reforms of Peter the Great, however, were imposed by force. After his death, the tsars continued to promote a pro-Western attitude. The authoritarian tradition and the will of the Russian people to maintain its differential character with the West are characteristic components of this gigantic country. The Russian population seems to need strong, authoritarian leadership to provide psychological security. Potential disaster.
Now, let’s talk, with a critical eye, about this week’s most popular crypto news.
Bitcoin Price Crashes as Putin Announces ‘Special Military Operation’ in Ukraine
The markets are concerned, because the situation is worrying. All military conflict is regrettable. There is a human cost and an economic cost. Bitcoin price plummeted on news of the raid and rebounded after Biden’s remarks. There will be no war between NATO and Russia in Ukraine. Ukraine, militarily speaking, was left alone. And Putin can do whatever he wants. On this occasion, he has to swallow our pride. It’s Ukraine’s turn to pay the piper.
Putin consolidates his macho image after his nuclear threat. But he forgets that NATO is a nuclear alliance. Now, Ukraine is not a member of NATO. And escalating the conflict right now would make things worse for everyone. For the time being, the best thing is for Putin to get what he wants. The most sensible response for now is the economic sanction. And the markets have calmed down with the position. The measure will surely affect the cost of energy, accentuating the problem of inflation. However, it is not (for now) a large-scale war.
Trudeau, the Canadian Prime Minister, revokes the powers of the emergency law
Society needs laws. Society needs order. But society also needs freedom. Different groups have the right to protest. But countries require a minimum civility. The excess of personal freedom is chaos and debauchery. State excess is oppression. Determining the midpoint is never easy. In a world as complex and fragmented as today’s, healthy political debate no longer exists. The world today is divided into friends and enemies. There is no mutual recognition. There is no conversation. Rage, resentment, indignation, and distrust is the rain of every day. Could we talk about politics objectively? I really doubt it.
Binance to Launch an F1 Fan Token That Could Soar Over 3,000% and Customers Will Be Able to Buy Before Official Listing
Here we have a project that can attract many people. This is an important association. Binance, one of the most important exchanges in this space, and F1. From the beginning, we can assume that the promotion will be spectacular. Therefore, it is not entirely unreasonable to think that we will have a launch moved at the level of volume and price.
Crypto Winter 2022: Here’s What Industry Veterans Expect
In short, it is never easy to identify the arrival of a downward cycle. Of course we lost momentum with the macroeconomic shifts. However, it is still too early to declare a crypto winter in my opinion. I have no doubts about Vitalik’s capabilities as a computer developer. But I always follow his opinions and I have realized that financial issues are not his strong point. Certainly, everything indicates that we will have a highly volatile first half of the year. And, without a doubt, due to macroeconomic realities, growth will slow considerably. But we could still have growth. It is still possible that for the second half of the year we will be close to the all-time high. What does “crypto winter” mean? Does it mean that we will go below $30k? Or does it mean that we grow slowly?
Specialists point to 6 cryptocurrencies with bullish potential and one of them could be the most valued cryptocurrency of 2022
People complain about the press. But the public is a patient who does not improve. If you write what people want to hear, your article goes viral. If you write something critical and profound, the number of readers drops radically. You write that this market is very speculative and people are offended by the word “speculation”. Apparently, we are all barefoot nuns here fighting for a greater good. However, you write an article about 6 bullish cryptocurrencies and every week you get a record number of visits. Then things go down the drain and it’s the press’s fault. Today, people are always innocent. And the others (press, government, banks, etc) are always guilty. The truth is that nobody is safe here. We are all children of the times.
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