“ I personally hate Mr. Putin, he is what I blame for what happened to the cryptocurrency markets in particular. If not for his bloody and needless war then we could already be enjoying at least 70K price of Bitcoin“
This is total nonsense ⬆️
The Fed ending easy money is what ended it. FTX and its american political connections is 2 Blame. Putin had had no effect on this almost at all. The American Fed and government have ineeed.
But bottom line it’s most of the products being scams and crap that is to blame. The high yield risky products were never going to be successful long term. If it wasn’t FTX it would have been something else. But blaming Putin is like an old man telling at the moon my friend.
Putin's actions is the root cause why the FED is raising interests to manipulate the worldwide economy because of what sanctions did to Europe as a backlash and so it affected the markets in general which is still in ruins following the CoViD restrictions had done already, it is a domino effect clusterfuck.
FTX fiasco in the other hand is a Ponzi scheme managed by drug addicts, they just added to the mangled mess of the bear market by destroying some crypto projects and businesses not to mention many people that trusted that exchange.
So I am not very optimistic that we will see some improvements overall which frustrates me as I had stated because it requires more time and patience which I don't have.