Will The Ukraine War Define The Price Of Bitcoin And Ethereum?
1 year ago
Ethereum
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#bitcoin #blockchain #ethereum #crypto #nft
During the conflict, the price of ether and bitcoin have risen dramatically, and a stablecoin pegged to the US dollar, Tether, has touched $1.10 briefly. Meanwhile, the price of gold has skyrocketed, as well. As a result, crypto may become a popular alternative to preserve wealth in war-torn regions. However, a war can be a volatile and unpredictable event.
Ukraine has begun accepting crypto donations to fund the war relief effort. It has a website where individuals and institutions can donate. It has also recruited several crypto companies to aid in its efforts. It has raised more than $50 million in the past few days. This helps the government receive funds more quickly and efficiently than traditional financial channels.