A blunt look at Russia’s invasion of Ukraine from a crypto investor’s view point
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The morning of Thursday 24 February will go down in history. This was the hour when Russia completely ignored the world order and invaded Ukraine.
From a crypto point of view, for that is our core competency, the crypto market plummeted. Although it showed remarkable resilience, quickly returning to within 4% of its previous level before the Russian incursion.
In this article we are going to take a look at the Ukraine Russian situation from an alternative perspective.
Firstly our heart goes out to the Ukrainian people.
When Putin announced he was invading Ukraine, because in his words, he wanted to bring to task the Neo-Nazis, it demonstrated what a total nutcase the guy is. Only a nutcase can lie to the world knowing that his audience already sees through his rhetoric as total crap. Putin reminds me of a snotty nosed child telling his mother that he isn’t actually picking his nose whilst at the same time his finger worms it’s way around the inner sanctums of his nostril. Being a nutcase however is very different to losing your mind as we will discover shortly.
Yes, all governments and politicians lie. In times of war and the preparation for war it is called propaganda. Anything goes. But Putin is a consummate liar who doesn’t need a war as a good excuse. He maintained for months that he had no intention of invading Ukraine. Then he changed that to say the West was forcing his hand. He didn’t stop there. He invaded and told the world the moronic story that he was invading to rid the country of Neo-Nazis.
That narrative changed again when he stated he had no interest in taking control of the country only to arrest the current president for his ‘bloody’ crimes. But we all know that is a lie too. He will simply install his own puppets to run the country.
But all this isn’t really news. We know this already. What is not known and is not reported is the carnage he has left in other countries he has invaded. Crimea for instance. Since his invasion there have been summary executions and residents forcibly evicted from their homes replaced by Russian cronies not to mention the appalling living conditions and the increased violence towards Ukrainian loyalists. The same is destined for Ukraine when the tyrant Putin takes over.
Whatever your thoughts of Trump you have to give it to him. When he was in power he kept a lid on Putin. Of course the Democrats spent most of their time protesting that Trump was cosying up to Russia, wasting everyone’s time making legal cases against a bunch of people who had only loose and mainly innocent connections to Russia.
I only hope that Biden and Pelosi et al. are on the end of a similar campaign of harassment for the gross incompetence he and his team has displayed in handling Russia. Just over a year ago Biden told the US public that he was a safe pair of hands. It appears that Donald Trump’s famously oversized hands were a far safer bet. Belligerence doesn’t work against Putin especially when he knows that he can still sell oil to the West and he won’t be kicked off the Swift banking system. Fuck it! He may as well invade Latvia next!
Biden’s approach will see China invade Taiwan before his term is over.
But we must also look at the reason behind this invasion.
They say don’t poke the bear…. Russia is the bear and Ukraine has been poking it for years. The desire for independence, the regular tirades against Russia and Putin. Putin is ex KGB, he doesn’t forget and he always gets even. As the invasion was in progress the Ukrainian president asked for talks to discuss Ukraine taking an independent position. That was a great idea. But far too late. By the time you read this article Putin will have raised or be on the verge of raising the Russian flag in Kiev. As someone said to me the other day, Russia suddenly got a lot bigger.
Things will go back to normal in a few months for the rest of us. We will forget about the ongoing torment of the Ukrainian people. We will even forgive Putin in good time. Putin is a long term player. He doesn’t mind pain for five to ten years. His maneuvers and invasions are meant to leave a long lasting legacy. Will a few sanctions make any difference? Hell no.
Now let’s return to the subject of crypto. For crypto is why we are here after all…
They say buy on an invasion. And ‘they’ were right, when the announcement came every cryptocurrency plummeted. Savvy investors made a killing. Whilst hodlers took advantage of the opportunity to reduce the average cost of their holdings, speculators profitably dipped in and out of their chosen crypto. The crypto market is very sensitive to macro events. And when normality returns prices adjust quickly, close to their previous levels.
In these volatile times we should take full advantage of corrections. Whilst Biden is a disaster in progress he is also providing us all with good money making opportunities. God bless capitalism! And God bless the Ukrainian people!
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No Financial Advice
This report does not constitute financial advice or a recommendation to buy in any way. Always do your own research and never invest more than you can afford to lose. Investing in cryptocurrencies is high risk, and you could lose 100% of your investment.