Crypto $$$

[GO FURTHER]

Originally Posted by Citroënbender

I’m trying to understand why cryptocurrencies should be negatively impacted by the latest Russian efforts against Ukraine.

I remember a story my father told me about.

A very wealthy millionaire friend of his, who was in Hong Kong when the second world war broke out, sold off all his assets, shares, property and the bulk of his cash and bought diamonds.

He then buried them safely in the ground of a forrest.

He spent most of the war years in an internment camp.

When the war ended he went back and dug them up.

He was still a millionaire while others like him had lost their fortunes.

The moral of the story... When fear sets in, many will go back to what they trust and has stood the test of time, rather than take a gamble.