Interview with Marc De Mesel - Crypto and Investing in war times

[Flodner]

Today we spoke with Marc De Mesel about Crypto and Investing in war times

Here is the video, text version will be done in the next few days, and some of the questions we've discussed you can see below.

https://www.youtube.com/watch?v=2SO3xVUtF1Y


- In war times crypto becomes an even bigger store of value, especially as inflation increases. Do you agree with it, and do you see more newcomers to crypto?

- What stage of the crypto market do we have now? Your opinion

- In one of your videos you mention "Buy when there is blood in the streets". Now unfortunately we have blood on the streets. Is it time to buy and what to buy? 

- Many investors are afraid to invest (in anything). What would be your suggestion - to wait or to overcome fear? 

- Real estate market in war times. 

- Many businesses collapse. New opportunities emerge. Seting up new businesses or investing in them. 

- Import/export seems to be one of the promising area, as many old logistic chains are broken and new will be emerging. 

- Is it good time for Ukraine to create its own CBDC (Central Bank digital currency)? 

- A lot of crypto communities supported Ukraine financially. How is the situation in your circles, and after the war (or here we say after the victory) do you think Ukraine might become one of the major countries for the crypto industry? Do you personally plan to come, for example for one of the crypto events? 

[suzanne5223]

Cryptocurrency (especially Bitcoin) has proven to be an important currency to humanity during the season of economic meltdown, total lockdown, etc. and a lot of people (that including me) are thanking Satoshi for creating this incredible innovative currency. Besides, a lot of reputable people in the finance setting advise people to get their safe haven in Bitcoin.
This means Cryptocurrency is inevitable for humanity but it is hard to know the stage of the crypto market we're in now cause everything has changed and it is hard to know when theres blood on the streets.

No investors need our suggestion again because the world is aware know massively corporate, organizations and institutions are buying more BTC through the help of Microstrategy anyone who's still scared of buying BTC don't even worth joining the crypto investment.

- Is it good time for Ukraine to create its own CBDC (Central Bank digital currency)?

Ukraine creating their own CBDC is not the solution and I believe what they need is the legalization of crypto as legal tender. However, the legalization of crypto won't also sort their problem if their crypto tax fund is not spent very well.

[hatshepsut93]

Of course crypto experts will always tell you to invest in crypto because of their inflation narrative. But objectively speaking, in times of war a good investment would be stocks tied to defense, food, energy and other things fundamental for society. Some commodities are going to skyrocket because of diminished supply.

Also, why do people think that war in Ukraine is going to cause inflation of US dollar? US is barely even involved, ~15 billion is not really much for the US economy, so there's no need to print money for that.

[PrivacyG]

Crypto is great but I have dual feelings about them as a store of value or investment during a war.

Wars nowadays implicitly include cyber attacks.  Fall of cell towers, fall of local Internet.  Moreover, if you find yourself in the middle of a war you will find yourself not having the opportunity to keep your phone charged and on a data plan at all times.  This means during a full scale war you will likely not be able to use Bitcoin as easily as you could use other assets to trade.

But on the other hand.  If you have a million dollars it is easier to take them with you, even to another country, when it is all stored in Cryptocurrencies.  But if you have them cash, in Gold or anything else, it gets harder and makes you a possible target of attacks.

Bitcoin will most likely continue to exist even after wars.  But DURING wars, you may or may not want to put all your trust in it.

-
Regards,
PrivacyG

[zasad@]

The US stock market is a huge bubble. Within the framework of the planet, the US economy can no longer develop, because there are no states that are independent of them. When an economic recession began in ancient Rome, in order to maintain its power, Rome worsened the situation in other metropolitan areas. In many countries around the world, the situation will only get worse.