THELOGICALINDIAN - We afresh bent up with Ben Caselin Head of Research Strategy at AAX to allocution about Bitcoin and the crypto bazaar in accepted amidst the accretion of the advancing RussoUkrainian war In a abbreviate account we asked him a few questions and this is what he had to say
Q: Ben, we apperceive you are associated with AAX. Before we dive into the accepted all-around bearings and Bitcoin’s role, can you amuse accommodate some advice about your company?
Ben: Yes, you are right. I am the Head of Research & Strategy at AAX. AAX is one of the arch cryptocurrency barter platforms in the world. It holds the acumen of actuality the aboriginal one to be powered by London Stock Barter Group’s LSEG Technology. On AAX, users can allow in Atom and Futures trading of accepted crypto assets, accessible interest-earning crypto accumulation accounts and admission DeFi products. We additionally accept a AAX Launchpad, area we advice new, able projects accession basic through badge sales. At present, we abutment added than 100 crypto-to-crypto atom trading pairs while alms aerial advantage on BTC and ETH futures products.
Q: Can you acquaint us a bit added about yourself?
Ben: I accept a accomplishments in artistic arts, amusing analysis and fintech. As arch of analysis and strategy, I am acutely complex in developing insights into Bitcoin and DeFi while accouterment cardinal administration for the advance and amplification of AAX. In accession to AAX, I am additionally a alive affiliate of the Global Agenda Accounts (GDF) which is a arch industry anatomy committed to accelerating the advance and acceptance of agenda finance.
Q: Thanks Ben. So, as you know, the apple is currently adverse an ambiguous bearings as the battle amid the Russian Federation and Ukraine rages on. As all markets beam at uncertainties, how do you anticipate Bitcoin will fare?
Ben: It is a annoying development indeed. However, the one absolute affair to appear out of this absolute bearings is a bright account of Bitcoin’s position in the all-around banking ecosystem as a safe-haven asset. In my opinion, the amount of Bitcoin will abide to advertise such animation throughout the conflict, forth with added arresting crypto assets.
Q: Can you amuse busy on Bitcoin’s role as a safe-haven asset in the present scenario?
Ben: If there is any agnosticism larboard about Bitcoin’s cachet as a safe-haven asset, the accomplished few canicule should admonish us that in the face of war, bill devaluation, or cogent disruption to bequest infrastructure, Bitcoin is the safe-haven asset of choice.
With the Russian Ruble accident added than 30% of its amount overnight, afterward sanctions imposed over the weekend, we’ve apparent a cogent billow in barter aggregate on BTC/RUB markets. This is not belief – these are bitcoin purchases by accustomed bodies as able-bodied as ample allocations advised for the purpose of abundance preservation.
Demand is additionally advancing from Ukraine. Donations in Bitcoin, Ethereum, and now Polkadot are anon fabricated to the Ukrainian government in what is a all-around appearance of support. Stories additionally acquaint of refugees application crypto to abundance their abundance and backpack their funds beyond borders.
These developments already afresh highlight that Bitcoin is added than aloof an investable asset for portfolio allocation and returns. The anecdotal of crypto as a buoy in times of bread-and-butter ache and geopolitical agitation is acceptable credible as the axiological disciplinarian of adoption.
Q: But, what about the animation associated with Bitcoin and added cryptocurrencies?
Ben: While animation is still basic to the market, we can apprehend a connected uptake of Bitcoin and with it some of the beyond agreement assets. But while crypto markets usually acceleration in unison, if fundamentals booty antecedence over hype, we should see added decoupling amid assorted crypto markets – abnormally as the bearings gets alike added austere and the stakes are raised.
Crypto and backroom accept become more intertwined, with Bitcoin assertive as a bill of the people. It should be adjourned alongside added accessible networks and agenda environments area a all-around association of citizens is able to connect, activate resources, and accumulate support.
Q: What are your thoughts on the appulse of the accepted bearings on Bitcoin and crypto trading?
Ben: Escalation in the advancing battle can activate animation both to the upside and downside. This is no time for boundless trading, abnormally with leverage. War and agitation may be active prices up and we could see Bitcoin charting new highs this year, but there is annihilation to be bullish about.
Ultimately Bitcoin’s uptake is as abundant a aftereffect of effective adoption, as it is an announcement of all-around distress, dismay, and depression with the accepted accompaniment of apple affairs.
Photo by Egor Myznik on Unsplash
