Cryptos’ Chance to Prove

Posted On Feb 28, 2022 By Addison Wiggin

Even normally neutral Switzerland has piled on, saying it may freeze Russian assets held in its Alpine vaults. We’ve seen those vaults. What a tiresome thing to consider armed conflict versus economic sanctions. Especially for individual investors. Last week our Jim Rickards outlined all the ways Vladimir Putin prepared his country for these kinds of reactions. Russia won’t founder easily because it’s full of raw materials that the world needs… and there are plenty of back channels available for anyone who wants to buy them. Top of mind, of course, are cryptocurrencies. Plenty of news outlets are sharing their opinions of the role cryptos will play in this international drama. I talked to James Altucher.

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