Bitcoin

This event exacerbates geopolitical tensions and supply chain disruptions already prevalent due to the Russia-Ukraine war. It reinforces the narrative of deglobalization and resource nationalism, which could lead to higher structural inflation and increased demand for decentralized assets as hedges against geopolitical risk.

Ukraine's steel industry has been severely damaged by Russian missile attacks, causing production to nearly halt.

Ukraine's Steel Industry Grinds to a Halt Under Russian Missile Fire

Ukraine's steel collapse could trigger a surge in illicit crypto mining, as displaced industrial workers turn to underground mining farms powered by stolen electricity.