Granted, crypto has not been totally absent from these events. Kherson: Three months after Ukrainians celebrated the expulsion of Russian forces from it, the city remains very much a war zone.surveillance drone over the Black Sea, in the first known physical contact between the Russian and American militaries since the war started. Cyberattacks: Microsoft said that a hacking group with ties to the Russian government appears to be preparing new cyberattacks on Ukraine’s infrastructure and government offices. A Shortage of Weapons: Ukraine and Russia are running low on ammunition and are scrambling to replenish their stocks and gain a competitive edge. companies have pulled out of Russia, making it nearly impossible for its citizens to access their bank accounts, use credit cards or even post on social media. Russia’s invasion of Ukraine was met with brutal sanctions that have tanked the ruble and devastated the Russian economy, and many U.S. Last month, Canada’s government responded to the threat of a protest convoy of anti-vaccine truckers by threatening to freeze their bank accounts, drawing calls for a type of money that isn’t subject to government seizures. In the United States, inflation is rising at the fastest pace in decades, and the VIX - the so-called fear index used by Wall Street to measure expected volatility in the stock market - has risen more than 80 percent this year. More than most cryptocurrencies, Bitcoin was seen by many of its libertarian-leaning fans as a kind of doomsday insurance, a form of “digital gold” that would be a source of stability as the world grew more chaotic and unpredictable. Then you’ll see why we need a stateless, decentralized, anonymous digital currency. Wait until big banks and tech companies start censoring dissidents for their political views. Wait until war breaks out, and authoritarians start seizing assets and imposing capital controls on their citizens. Wait until inflation hits, and people look to park their savings in a stable digital asset that won’t lose its value. For years, Bitcoin buffs who were questioned by skeptics about the value of the cryptocurrency would respond by saying: just wait.
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