Crypto is increasingly sensitive to global events and geopolitics. When Russia announced it was invading Ukraine, Bitcoin prices edged higher, and analysts expect this trend to continue now that former President Donald Trump is adamant the war in Ukraine should end.
This week, the United States, led by Secretary of State Marco Rubio, and Russian officials, including Foreign Minister Sergei Lavrov, held a high-level diplomatic discussion in Saudi Arabia.
United States and Russia Pressing For A Ukraine Peace Deal in Ukraine
While nothing concrete has emerged from the meeting, it signals a potential breakthrough in the ongoing war, providing a huge boost to global and economic stability.
Representatives from Ukraine and Europe were notably absent from the discussion, however. Experts say this could raise concerns about the legitimacy of any proposed peace deal even despite the encouraging shift in diplomatic strategy, which is a major shift from the hardliner stance held by the Joe Biden administration.
Trump continues to blast Joe Biden and insists that Ukraine should have resolved the war much earlier through diplomacy. He has been critical of President Zelenskyy’s leadership and even suggested that Ukraine hold an election as a precondition for peace.
Trump said he could meet President Vladimir Putin in the coming weeks, reinforcing speculation about a major geopolitical shift.
Analysts expect a peace deal to reduce uncertainty, especially in Europe, subsequently encouraging investors to loosen their purse strings, even getting exposure to crypto and Bitcoin.
Former President Trump is also likely to lift sanctions placed on Russia, drastically helping push global liquidity.
Some, however, say that with the war likely ending, the demand for a digital store of value, Bitcoin, will diminish, especially in Ukraine and the Baltic regions.
Strategy Doubling Down On Bitcoin Price Dip: Back to $110,000?
As the world closely monitors negotiations, Strategy, formerly MicroStrategy, a business intelligence firm and one of the largest holders of BTC, is doubling down on its Bitcoin buying strategy.
In a press statement, the NASDAQ-listed firm said it plans to raise another $2 billion through a 0% senior convertible note. Funds received will be used to buy even more coins.
According to Bitcoin Treasuries, Strategy holds 478,740 BTC at a cost of nearly $31,000. At spot rates, it means the company is in the green, and even if prices tank, they will be safe.
(Source)
The proposed notes, which will mature in 2030, will be another avenue for investors to get exposure to BTC without directly owning the coin.
The public company plans to raise $42 billion over the next three years, allowing them to buy even more coins under the “21/21 plan.” To do this, the business intelligence firm will raise $21 billion from equity and another $21 billion from fixed-income securities.
The continued accumulation by MicroStrategy amid improving global geopolitical events could provide the necessary impetus for Bitcoin bulls.
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BTC prices have been under immense pressure over the past few trading weeks, sliding from all-time highs of around $110,000 to as low as $89,000 before rebounding.
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Will Ukraine Find Peace? Strategy Plans To Buy More Bitcoin
- Ukraine excluded in peace talks
- Bitcoin could benefit from expected global stability
- Strategy plans to buy even more BTC
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