The Russian economy has taken a massive hit as sanctions bite. The effects – both ongoing and soon-to-be – will create chaos within the previously strong-standing society. The country, now being cut off by neighbors and pressured into inescapable stalemates, has introduced new policies detrimental to the Russian people and business. Read on to learn more about the effects of sanctions and to review excerpts of an exclusive BRB interview with a Russian business owner.
Although Bitcoin’s recent surge seems like deja-vu from its rampant increase in 2017, this time it may be here to stay. Discover why this is the case and how you become a part of this!
Cryptocurrency’s conundrum is that businesses will not want to accept cryptocurrencies as a payment method until its value stabilizes (the price of cryptocurrencies routinely yo-yo by five percent per day). The value can only become more stable once people start using it to actually purchase goods and services. Instead, cryptocurrency prices are currently determined by speculators. In other words, cryptocurrency’s future transactional demand will only really increase once its present transactional demand increases since this is the only thing that will allow its value to be sufficiently stable for businesses to accept.