🌞🙏🏽 On this Saturday, I want to ponder how the value of one of the fiat currencies ₽ affects the cryptocurrency market as a whole.
We all observe how ₽/USDT is weakening. The news shows that the Russian government is trying to implement payments with crypto assets, and we immediately think they are buying crypto for payments. On one hand, this is a valid thought. But let's think about this situation more globally.
Since 2014, Russia 🇷🇺 has been under sanctions, and since 2022, the sanctions have only tightened. Large investors have been driven out of all global platforms. And we know the favorite phrase among investors: "Money should make money".
So, investors in the summer of 2023, due to the sanctions, jumped fully into crypto, and the growth took off #BTC .
They were guided by the following factors:
1. Approval #ETF 💁🏽
2. Halving #BTC 💁🏽
3. High energy resource prices 💁🏽
4. War in Israel💁🏽
5. Approval of cryptocurrencies by China 💁🏽
They hoped the price would rise to 140k due to this and they would start selling their Bitcoins. But that was not the case. A true investor has the most important rule: "buy low, sell high". And they are not in a hurry and do not want to buy even at 50-60k $ 🛸