Is Russia/Ukraine/USA situation bullish or bearish for Bitcoin?
Fiat canons need productivity to load them up. Oil & Gas is the source for productivity.
What we see and hear in the news is just propaganda; the dispute is over energy distribution, taxing energy, and right to sell energy to the highest bidder or new markets.
Russia/Ukraine/USA/EU all want to control an aspect of the energy Russia exports so they can load there Fiat canons.
Whatever happens the Bitcoin price will go up, but what is good for Bitcoin is a free market solution, one where Russia, distributes energy according to past agreements and future interests, and is free to negotiate contracts where the IMF and BIS have no jurisdiction, i.e. – create a banking system for the BRICS.
Ultimately this solution makes cryptocurrencies indispensable for international triad.