Crypto Markets in the Crossfire: How Wars Shape Digital Finance
Geopolitical conflicts have transformed cryptocurrency from a niche asset into a strategic financial tool. Here’s how wars impact the crypto landscape: 1️⃣ Crypto as a Financial Lifeline - **Ukraine’s Resilience**: During Russia’s 2022 invasion, Ukrainians used crypto to access funds when banks collapsed. The government raised **$10M+ in crypto donations** via Bitcoin and Ethereum wallets, funding humanitarian aid and military support . - **Capital Flight**: Refugees increasingly rely on portable crypto wallets to safeguard wealth. As Dwight Eisenhower noted, "War is hell," but digital assets offer an escape hatch for displaced civilians . 2️⃣ Sanctions Evasion & Controversy - **Russia’s Tactics**: After being cut off from SWIFT, Russia allegedly used crypto to bypass sanctions. Ukraine’s government even crowdsourced intel on Russian politicians’ crypto wallets . - **Illicit Networks**: Groups like Hamas exploited crypto for fun...