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HomeCrypto AnalysisThe Ukraine War demonstrated that cryptocurrency can protect against currency depreciation.

The Ukraine War demonstrated that cryptocurrency can protect against currency depreciation.

During the war, trade volumes for the Russian Ruble and Ukrainian Hryvnia pairs increased, particularly when the fiat system was under threat, demonstrating that previous bull cycles have seen crypto, particularly BTC, used as an inflation hedge.

Cryptocurrencies shine brightest in areas where local currencies are rapidly depreciating. For example, after Venezuela’s local currency was devalued due to hyperinflation, crypto adoption skyrocketed.

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