I remember Bitcoin plunging its value at around $3,500 or so after countries after countries had imposed restrictions that eventually caused markets to slump down too because of travel restrictions and flight banning and all that.
A $3,500 Bitcoin is still not cheap if one would consider buying one whole of it. It is around 150,000 PhP at that time. So I can't just say buy BTC because it had gone cheap when it went down to that price.
But thankfully the price is much better now comparatively, but another factor that the value of BTC is being dragged down was this war by Putin because it cased a major turmoil not only against the lives of the people of Ukraine but also to all of us because the economy is being affected around the world.
Since the price of BTC is very sensitive to bad news that comes up every now and then, the value remains pinned down and possibly could reach the $30K levels and I wouldn't be so surprised if it does especially if the war escalates into a World War 3 which is really possible to happen as the war in Ukraine has to spill over if the goals of Putin will not be met.
Now I feel like I am just waiting for a bus that will never arrive, time really is of the essence for me because I do not have much of it in this world. So I would assume that if things will not stop to escalate particularly regarding the war then we will still see BTC to slump more. But I am thinking that even if the war is stopped the sanction of Russia will still or might endure for many years to come especially if the leadership stays in the same flavor but different person to run Russia.
We now live in the most uncertain times because the series of wars that is happening in humanity time immemorial that caused this world to chnage course each and every time.
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