Russia, the country, didn't start using cryptocurrency to overcome sanctions.
Some people in Russia started buying bitcoin as the local currency started losing its value. And again some people are starting to use bitcoin as payment to overcome sanctions.

Nothing new here

"This time" LOL. Musk's impact on the market stopped in early days when he started pump and dumping Doge which I think was a year ago, maybe longer.

There are three points on that list that should make everyone happy are.


I was reading an article that said out of 3 women 1 is interested in investing in cryptocurrency in 2022. Mass adoption is on the way.


This was supposed to happen as they have been accepting cryptocurrency donation.


This is a massive and aggressive marketing strategy by crypto.com. They have been sponsoring tournaments earlier too but this is very big.

Cryptocurrencies always work for the common man- not the institution, not the government, only real people. I just hope that this isn't misrepresented as "Russia" rather than the innocent people residing within its borders.

I agree. Something is heavily skewing that stat. Does anyone have a link to the 1/3 number? I wonder why exactly the number is ~4x higher percentage than other polls. Maybe some localized area that has unusually heavy support for btc?

The Russian citizens has started to move into crypto-currency the more, during this month period of war.

We have seen the government of Ukraine started a donation program using the Crypto-currency format, we also had seen the United States of America president speak well about Crypto-currency, although we didn't see much price increase this year I still think it was a good year for crypto-currency.

The war happened and had influenced the lot of the country economy.Due to the war,the price of crypto was reduced.Most of the investors had not even had their regular diet in the food items.Now the price of most of the coin was recovered of 30-40 percentage of old value.After this 20 percentage of total investors had cashed out their entire funds to Fiat.

Russia is not fully cut from SWIFT, certain banks were, while others still work with it.


IMO it will be a matter of time until regulators will make it a law and crypto exchanges will face a hard choice whether they want to operate legally or not


Only international transactions are blocked, domestic still work.


And the total donations for Ukraine are even higher, if you consider that there's a lot of NGOs who work for helping Ukraine.

A very good summary of the impact of the Ukraine Russia war. A few things I would like to add. After the intital days of panic it became clear that this war will not be start WW3 and it is going to be an isolated conflict. The West and Nato can't risk to go to war with Putin over Ukraine. That is why bitcoins rebounded and trade now higher than at the start of the war. Life has to go on for the rest of there war. There are negative impacts from the war itself but also from the sanctions. That's why any country close to Russia is calculating the cost of the sanctions on their economy. Turkey and China probably being the biggest cases, both countries rely on good relations to Russia. As for Europe there is no real alternative for the energy coming out of Russia. All the gas contracts can't just be stopped overnight.

Well, I'm glad to see that you were so sure about this, because honestly I wasn't. Probably this is the closest we've been to a potential WW3 since the Cold War times: starting a war only a few hundreds miles away from Poland, Germany, Italy... With all due respect with the conflicts in the Middle East and in Africa, this time it could have really escalated. I just hope all this will end ASAP.

^Bitcoin surpassed ruble on market cap? That's pretty cool, but more like ruble's come down below Bitcoin's. Milestone nevertheless!


And this has an impact on Bitcoin how? Not the first time a browser will find an issue, not the first time it'll be blamed for some hack here or there, won't be the last time by any means. We need to stop seeing any kind of bad news with general digital security as something relevant to Bitcoin.