Russia's Natural Gas and Europe, Possible War in Ukraine, and Crypto Prices

in crypto •  3 years ago  (edited)

We're all familiar with the recent news about Russia sending more troops to the Ukrainian border. Europe also imports 40% of its natural gas, a significant energy source, from Russia, with pipes passing through Ukraine. A recent decrease in Russia's gas flow to Europe, allegedly to meet Russia's local needs, caused gas bills to rise more than 30% in European households. This shows how much Europe is dependent on Russia's natural gas. Keep in mind that Europe runs about 5% of bitcoin's hash rate. How do you think further escalations with Ukraine, and possible economic pressure from Russia on Europe, would affect Crypto prices?

crypto bitcoin russia ukraine europe war hashrate gas
3 years ago by

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