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How does Bitcoin remain steady amid the Ukraine conflict?   


Lily Campbell
@Lily.Campbell · Posted 04 Mar. 2022


Rachael Davis
@Rachael.Davis · Posted 04 Mar. 2022

Ukraine war has been embroiled in a conflict with Russia for the past few years. The war has had a significant impact on the currency, as well as the overall economy. However, Bitcoin is still going strong and has made it through this tough time relatively unscathed. Bitcoin is not tied to any country or government, which means that it can remain stable no matter what is happening in other parts of the world. It's also worth noting that Bitcoin has been steadily increasing in value over the last year, even when there was turmoil in Ukraine. Bitcoin is a decentralized currency that has no physical existence and is not backed by any government or central bank. It was invented by Satoshi Nakamoto in 2009 as a form of electronic cash.


Peter Clark
@Peter.Clark · Posted 04 Mar. 2022

Bitcoin has been steadily growing in popularity and usage over the past few years. It has also seen an increase in value since the start of the year, reaching a high of $590 per bitcoin on March 3rd. Ukraine conflict has been going on for more than two years now. Economic sanctions have been imposed on Russia, which is affecting the Russian economy. The Russian ruble has fallen to its lowest level since the 1998 financial crisis. However, Bitcoin remains unaffected by this turmoil. It is not tied to any country or subject to any regulation and it is not affected by inflation or deflation as a result of economic crises. Even if there is a global financial meltdown, Bitcoin will not be affected as long as people are still using it and exchanging it for goods or services.


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