Russia’s attempted invasion of Ukraine caused states to reconsider their approach to security and money issues.
As people struggled with Covid, inflation, commodity crises and war, they began to question the meaning and nature of money.
Commenting on this crisis, Credit Suisse strategist Zoltan Pozsar bitcoinHe argued that it would strengthen his belief in .
The End of the Money Regime Has Come
The analyst, who thinks that the current commodity crisis will continue to weaken the US dollar and cause more inflation in the west, said that a new monetary order has emerged.
“This crisis is unlike anything we’ve seen since President Nixon removed the US dollar from being a gold-indexed currency in 1971.
Confiscation of Russia’s foreign exchange reserves in the G7 countries after Russia’s invasion of Ukraine the end of the current monetary regime is showing. Many things that were previously considered risk-free are suddenly at risk of real seizure.”
Stating that money will never be the same after the Ukraine war, the strategist said that this situation bitcoinHe said it could be beneficial.
Because after the sanctions against Russia, the importance of the decentralization of money was once again understood by the whole world.
*Not Investment Advice.