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As sanctioned Russian fiat currency soars in value against the US dollar and the crypto market remains unpredictable, economists and crypto enthusiasts continue to puzzle and debate what the next market move will be The market is still unpredictable. Despite this, several influential voices remain level-headed about the future of decentralized digital assets, with Salvadoran President Naib Boukere, Tesla and SpaceX CEO Elon Musk, and Shark Tank’s Kevin O’Leary recently somehow reaffirming their faith in it. This is the Bitcoin.com Newsweek in Review.
Russian Ruble Reaches Seven-Year High Against US Dollar – Economist Says Don’t Ignore Exchange Rates
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Recent news reports detailing the Russian fiat ruble as the world’s strongest performing currency and article explained that U.S. economists are puzzled by this trend. On Monday, the Russian ruble rose to 55.47 to the dollar, its highest appreciation since 2015. While many dismiss the ruble’s exchange rate, Charles Litchfield, deputy director of the Atlantic Council’s Center for Geoeconomics, published the following editorial.” Don’t Ignore the Exchange Rate. How a Strong Ruble Can Shield Russia”
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From President Salvador to Bitcoin Investors. Your{30 BTC Investment is Safe and Will Grow Big After Bear Market
The President of El Salvador has some advice for bitcoin investors. He believes investing in the largest cryptocurrency is safe and will “grow immensely” after a bear market.
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Tesla CEO Elon Musk confirms he will continue to buy and support Dogecoin
Tesla and SpaceX CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE), confirming that he will continue to buy and support the meme cryptocurrency. Amid the downturn in the crypto market, dogecoin’s price rose in response to his remarks.
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Kevin O’Leary Says He Won’t Sell Any Crypto Despite Downturn – ‘You Just Have to Stomach It’
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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he hasn’t sold any of his cryptocurrencies despite the crypto market downturn.” In the long run you just have to be patient with it. You have to understand that you get volatility,” he stressed.
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Image credits: Shutterstock, Pixabay, Wiki Commons
