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As sanctioned Russia’s fiat currency soars in value against theU.S.dollar, and crypto markets remainunpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move willbe. In spite ofthis, several influential voices remain unperturbed when it comes to the future of decentralized digitalassets, with Salvadoran president NayibBukele, Tesla and Spacex CEOElon Musk, and Shark Tank’s Kevin O’Leary all recently reaffirming their faith in the cryptocurrency ecosystem in one way oranother. This is theBitcoin.com News Week in Review. Recent news reports have detailed that Russia’s fiat currency, theruble, was the best performing currency worldwide and the articles explained that American economists were perplexed by thetrend. OnMonday, the Russian ruble rose to 55.47 perdollar, which was the highest increase since2015. While many have dismissed the ruble’s exchangerate, CharlesLichfield, the Atlantic Council’s Geoeconomics Center deputydirector, published an editorialcalled: “Don’t ignore the exchange rate: How a strong ruble can shield Russia.”
本文翻訳
As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when it comes to the future of decentralized digital assets, with Salvadoran president Nayib Bukele, Tesla and Spacex CEO Elon Musk, and Shark Tank’s Kevin O’Leary all recently reaffirming their faith in the cryptocurrency ecosystem in one way or another. This is the Bitcoin.com News Week in Review. Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’ Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield, the Atlantic Council’s Geoeconomics Center deputy director, published an editorial called: “Don’t ignore the exchange rate: How a strong ruble can shield Russia.” Read More Salvadoran President to Bitcoin Investors: Your BTC Investment Is Safe, Will Immensely Grow After Bear Market The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market. Read More Tesla CEO Elon Musk Confirms He’ll Keep Buying and Supporting Dogecoin Tesla and Spacex CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE), and confirms that he will keep buying and supporting the meme cryptocurrency. The price of dogecoin climbed following his statements amid a crypto market downturn. Read More Kevin O’Leary Says He Won’t Sell Any Crypto Despite Downturn – ‘You Just Have to Stomach It’ Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he is not selling any of his cryptocurrencies despite the crypto market downturn. “Long term, you just have to stomach it. You have to understand you’ll get volatility,” he stressed. Read More What are your thoughts on this week’s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below. Image Credits: Shutterstock, Pixabay, Wiki Commons