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