Bloomberg Intelligence says that Russia’s invasion of Ukraine could aid in driving up the prices of Bitcoin (BTC) and Ethereum (ETH).

“The Russia-Ukraine conflict may mark another step in Bitcoin’s maturation toward becoming the global digital collateral. Spiking energy prices are a reminder of the benefits of embracing technology, and North America achieving the status of net fossil-fuel exporter.

Supply, demand, adoption and human ingenuity point to Bitcoin regaining the upper hand vs. crude oil in 2022.”

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