Russia’s Impact on Bitcoin. What the Conflict Means to Bitcoin | by Bitcoin Binge | The Capital | Mar, 2022

What the Conflict Means to Bitcoin

February 21 — Russian president Vladimir Putin formally recognized and deployed troops to two pro-Russian breakaway regions in eastern Ukraine.

U.S. President Joe Biden stated that the move was “the beginning of the Russian invasion.” February 24 — the invasion was undeniable as Putin launched what he dubbed a “special military operation.”

The economic impacts of the rapidly developing situation were felt almost immediately. As the world raced to hit Russia with sanctions…