Dear stockmoney hunters, ₿itcoin and biotech lovers,
These remain exciting times and the markets continue to be impacted by the war in Ukraine with implications for the financial system. Russia could settle payments for oil and gas from friendly states in ₿itcoin in the future. This was announced by Pavel Zavalny, Chairman of the Russian Federation State Duma Committee on Energy of the Energy Committee at a press conference. What does this mean for ₿itcoin?
In addition to ₿itcoin's increasing regulation and implementation as a means of payment, ₿itcoin is attractive to Russia as the ruble falls. Moreover, ₿itcoin is an excellent asset for crisis and war time to secure privat property. Inflation-free. However, increasing adoption of ₿itcoin as a payment method by Russia and its partners would reinforce the image of ₿itcoin as a "rogue currency." In this case, one could expect increased anti-₿itcoin campaigns in Western countries. So it remains exciting, with the advantages of ₿itcoin being obvious and the application not being determined by Russia alone.
While we were working on the issue, Bitcoin erupted! We now expect a long bull run. Too many good things will happen in 2022. Regulation (always blasted by the old OG's) will make the usecases pop. Our portfolio is up 6.5% since inception!
The biotech sector continues to consolidate, #XBI has stabilized its current nieveau. This area of the market was certainly the first sector that now has a long correction behind it and will now rise again in the coming months in our opinion. Our portfolio remains on the upside despite general sideways markets. We are excited to see what is still to come.
Stay tuned, your lizards