DailyCrunch 03/06/2022

Hey everyone, hope all is well! Checking in here just to take a look at what’s going on in the markets. All major markets have been down lately with Bitcoin hovering around the 38-40k marks and Ethereum has been sitting around 2600-2800. The conflict between Ukraine and Russia has really had a ripple effect on all the markets as a whole. The Russian economy has all but collapsed and is in absolute turmoil with the sanctions imposed on them by countries collectively around the world. Really have to wonder what Putins end game is here, but the only person who might know that is Putin himself…. The poor innocent Russian people getting tossed into all of this and the innocent Ukrainians that are being torn from the once normal life they knew just a few short weeks and months ago breaks my heart. Bitcoin might be a resort to the Russian Ruble which lost almost all of its value throughout all of this, might be interesting to see if this institutes a quicker adoption of cryptocurrencies and the blockchain in Russia. Here in the United States the XRP vs. SEC has heated up in the courtroom, and there should be some crucial decisions coming soon. From all of what I have personally read it seems like XRP and Brad Garlinghouse should come away with a victory. If relistings occur on major platforms and XRP wins the case and garnishes some legal clarity I believe we could see a run-up on XRP like we have never seen before. Only time will tell with all of this and hopefully patience will reward those who have held through this whole fiasco. Personally with all the uncertainty in the world I have moved all of my personal assets to a cold wallet via Ledger Nano X. It was very easy to set up and transfer my assets to. I feel much safer with my assets in there knowing I am in control of them and they are not on a platform like Coinbase. Hope everyone has an amazing day, week, month and so on! Until next time i find time to check in and give a write up, cheers!

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